JAKARTA (ISL News) - Pelindo has successfully paid off its Global Bonds 2024 (“PLBIIJ 2024”) of USD 500 million or IDR 7.5 trillion which matured on October 1, 2024, coinciding with Pelindo's 3rd Day. The payment was made by optimizing the use of internal cash of ± USD 170 million or IDR 2.5 trillion and the remainder came from loans from Bank Mandiri and Bank BTPN of ± USD 330 million or IDR 5 trillion (assuming an exchange rate of IDR 15,000).
Pelindo President Director Arif Suhartono explained that in line with Pelindo's business growth after the merger, Pelindo will continue to strive to reduce debt by optimizing internal cash capacity. Thus, Pelindo's performance and financial posture are expected to be better and more solid from year to year. Previously, the company had paid off debt of Rp10.25 trillion.
"By paying off the Global Bonds debt, three years after the merger, Pelindo's loans have been reduced by a total value of IDR 12.75 trillion," said Arif.
Furthermore, Pelindo Finance Director Mega Satria added that operational efficiency and optimization of internal cash usage were the driving factors for debt reduction. This is a form of Pelindo's financial capability and part of the implementation of post-merger strategic initiatives to reduce debt ratios and increase corporate efficiency in facing global economic challenges.
"The successful repayment of the 2024 Global Bonds shows the form of corporate commitment to global investors while strengthening Pelindo's position in the international market and reflecting the company's increasingly strong credibility," Mega emphasized.
Pelindo's financial performance also received positive assessments from international rating agencies, namely the "Baa2" Rating from Moody's Rating Agency in 2023 and the "BBB" rating from Fitch Rating Agency in 2024, which shows that the company has a stable outlook and has adequate capabilities in meeting long-term commitments.
(ISL News Editorial Team/email:islnewstv@gmail.com).
