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  • Sustainable Public Offering of PT Angkasa Pura II (Persero) I Sustainable Bonds with a Target Fund of 3 Trillion Rupiah

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Latest news about PT Angkasa Pura II (Persero)

Sustainable Public Offering of PT Angkasa Pura II (Persero) I Sustainable Bonds with a Target Fund of 3 Trillion Rupiah

07 Nov 2018

Jakarta, 7 November 2018 - Today PT Angkasa Pura II (Persero) announces its plan to issue bonds through the Sustainable Public Offering of "Angkasa Pura II Continuous Bonds I Year 2018". The Underwriter, PT Bahana Sekuritas, PT BNI Sekuritas, PT Danareksa Sekuritas, and PT Mandiri Sekuritas.

Angkasa Pura II Phase I Year I Sustainable Bonds 2018 with a maximum nominal value of Rp. 750,000,000,000 (seven hundred fifty billion rupiahs). The bonds are divided into 2 series where Series A has a term of 3 (three) years, with a fixed interest rate of 8.50% - 9% per year. Series B has a period of 5 (five) years with a fixed interest rate of 8.75% - 9.25% per annum. Bond interest is paid every 3 (three) months in accordance with the payment date of each Bond Interest.

These bonds are rated idAAA (Triple A) from the Indonesian Securities Rating (PEFINDO).

The proceeds from the Public Offering of Angkasa Pura II Phase I I Bonds I Year 2018, after deducting emissions costs, will be used by the Company for the development and rejuvenation of the air side (including construction and development of runways, taxiways, aprons and other supporting facilities) and land side (including construction and development of terminal buildings, parking buildings, accessibility, and other supporting facilities) from airports managed by the Company.

Angkasa Pura II's Director of Finance, Andra Y Agussalam said, "There are a number of things that have made us successful in obtaining bond ratings, namely the Company's experience and track record, capable operations management, and good airport management profiles." "We are optimistic Public Offering this will be a success, "continued Andra at Angkasa Pura II Investor Gathering on Wednesday (11/7).

Angkasa Pura II is optimistic that it will obtain an Effective Statement from the Financial Services Authority (OJK) on November 30, 2018, and conduct a public offering on December 3 and 4 2018. Meanwhile, the allotment date is estimated on December 5, 2018 and closed with listing on the Indonesia Stock Exchange (IDX) on December 10, 2018.

Angkasa Pura II's operating income for the 6 (six) months ended June 30, 2018 increased by Rp730,374 million or by 19.33% from Rp3,777,539 million as of June 30, 2017 to Rp.4,507,913 million in the same period in 2018. This was mainly due to the increase in aeronautical and non-aeronautical revenues amounting to Rp564,034 million or 24.24% and Rp.166,340 million or 11.46%.

The Company's operating profit for the period of 6 (six) months ended June 30, 2018 increased by Rp.93,800 million or 7.60% from Rp1,234,376 million as of June 30, 2017 to Rp1,328,176 million in the same period in 2018 This was mainly due to an increase in the Company's operating revenues of Rp730,374 million, which exceeded the increase in the Company's operating expenses of only Rp.636,575 million.

"The potential for tourism in Indonesia can still be developed. Tourism marketing efforts can be carried out in the West Indonesia region targeting middle-class Southeast Asian foreigners on holiday in Indonesia. Also for domestic passengers where economic development in this region is quite rapid, so naturally it will have an impact on increasing the number of passengers, "concluded Andra.