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High Investor Trust, PT Angkasa Pura II Listed Bonds of IDR 2.25 Trillion on the IDX

19 Aug 2020

Safe Travel Campaign encourages traveler trust

Jakarta - PT Angkasa Pura II (Persero) listed Sustainable Bonds I Angkasa Pura II Phase II Year 2020 worth IDR 2.25 trillion on the Indonesia Stock Exchange.

The bonds are divided into 4 series, namely Series A amounting to Rp32 billion with interest of 7.80% per year and maturing August 13, 2023, then Series B amounting to Rp.159 billion with interest of 8.50% per year and maturing August 13, 2025.

Then, Series C of IDR 1.602 trillion with an interest of 9.10% per year and due August 13, 2027, and Series D of IDR 457 billion with an interest of 9.25% per year and due on August 13, 2030.

PT Angkasa Pura II President Director Muhammad Awaluddin said investor confidence in the capital market was quite high in PT Angkasa Pura II.

"PT Angkasa Pura II officially lists sustainable bonds worth a total of Rp2.25 trillion on the IDX. This is something very good because it shows that investor confidence is still high in PT Angkasa Pura II amidst the pressure in the industry due to the global COVID-19 pandemic. "

"This bond listing is one of our efforts to carry out strict cash management in the midst of a pandemic, where we have to balance cash in and cash out in order to maintain the operations of 19 airports managed by PT Angkasa Pura II," said Muhammad Awaluddin.

PT Angkasa Pura II Director of Finance Dodit Wiweko Probojakti said the company will use the proceeds from the bond issuance to maintain operational expenditure / opex and strengthen capital expenditure (capex).

"This year we also made adjustments to our capital expenditures (Capex Disbursement), where capital expenditures are only allocated for multiyear projects and which are really significant, for example the planning for the design of Terminal 4 at Soekarno-Hatta International Airport. This year is not an expansion year for us, but how to maintain company stability, ”explained Dodit.

Furthermore, Dodit said that the results from the issuance of this bond will allow the company to continue to make various preparations to face the challenges caused by COVID-19, as well as later be able to accommodate demand when flight traffic recovers.

Currently, all airports managed by PT Angkasa Pura II are still operating to maintain flight connectivity in Indonesia.

Keep trust
PT Angkasa Pura II together with stakeholders at 19 airports are currently promoting a Safe Travel Campaign to maintain strict health protocols.

"Through the Safe Travel Campaign, all stakeholders want to maintain public confidence that the national aviation sector actually carries out strict health protocols," explained Muhammad Awaluddin.

Along with increasing trust, the movement of aircraft passengers at PT Angkasa Pura II airports has gradually begun to recover, so that the January - July 2020 period the company was able to print positive EBITDA.