PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
53
13. BONDS PAYABLE AND SUKUK IJARAH CONTINUED
Obligasi Berkelanjutan I Tahap III “OB I Tahap III” On April 22, 2015, the Company issued OB I Tahap III with nominal value of Rp150,000,000 with fixed annual interest of
10.50. Interest is payable quarterly in arrears, which will start on July 22, 2015 and continues up to April 22, 2018. The OB I Tahap III is due on April 22, 2018.
The OB I Tahap III has been listed in the Indonesia Stock Exchange since April 22, 2015. The OB I Tahap III is secured by the Company’s undeveloped land Note 7.
PT Pemeringkat Efek Indonesia Pefindo, a securities rating agency in Indonesia, gave a rating of
id
A+ single A plus for the OB I Tahap III in 2017.
Obligasi Berkelanjutan II Tahap I “OB II Tahap I” On December 16, 2015, the Company issued OB II Tahap I with nominal value of Rp500,000,000 with fixed annual
interest rate of 11.25. Interest is payable quarterly in arrears, which will start on March 16, 2016 and continues up to December 16, 2020. The OB II Tahap I is due on December 16, 2020.
The OB II Tahap I has been listed in the Indonesia Stock Exchange since December 17, 2015. The OB II Tahap I is secured by the Company’s investment property Note 10.
PT Pemeringkat Efek Indonesia Pefindo, a securities rating agency in Indonesia, gave a rating of
id
A+ single A plus for the OB II Tahap I in 2017.
Sukuk Ijarah Berkelanjutan I Tahap I “SIB I Tahap I” On December 11, 2013, the Company issued SIB I Tahap I with nominal value of Rp150,000,000, with obligation to pay
benefit installment of ijarah amounting to Rp16,275,000 annually for 5 years. Payment of the benefit installment of ijarah is made quarterly in arrears. The SIB I Tahap I is due on December 11, 2018.
The SIB I Tahap I has been listed in the Indonesia Stock Exchange since December 11, 2013. The SIB I Tahap I is guaranteed by the Company’s investment property Note 10.
PT Pemeringkat Efek Indonesia Pefindo, a securities rating agency in Indonesia, gave a rating of
id
A+
sy
single A plus syariah for the SIB I Tahap I in 2017.
Sukuk Ijarah Berkelanjutan I Tahap II “SIB I Tahap II” On October 10, 2014, the Company issued SIB I Tahap II with a nominal value of Rp300,000,000, with obligation to pay
benefit installment of ijarah amounting to Rp34,500,000 annually, payable over 5 years which started on October 10, 2014 and continues up to October 10, 2019. Payments of the benefit installment of ijarah are made quarterly in arrears.
The SIB I Tahap II is due on October 10, 2019. The SIB I Tahap II has been listed on the Indonesia Stock Exchange since October 10, 2014.
The SIB I Tahap II is guaranteed by the Company’s investment property Note 10. PT Pemeringkat Efek Indonesia Pefindo, a securities rating agency in Indonesia, gave a rating of
id
A+
sy
single A plus syariah for the SIB I Tahap II in 2017.
PT SUMMARECON AGUNG Tbk AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of June 30, 2017 and for the Six-Month Periods Then Ended Expressed in thousands of Indonesian Rupiah, unless otherwise stated
54
13. BONDS PAYABLE AND SUKUK IJARAH CONTINUED
