JAKARTA - After obtaining a syndicated loan amounting to 4 trillion IDR in August 2016, Angkasa Pura Airports issuing bond I 2.5 trillion IDR and Sukuk Ijarah I amounting to 500 billion IDR to support the development of the five airports managed by Angkasa Pura Airports. Issuance of bonds and Sukuk Ijarah are part of the external funding is estimated to reach 25 trillion IDR by 2020.
"This external funding required by Angkasa Pura Airports for the construction and development of five airports, namely Ahmad Yani Airport in Semarang that require an investment of 2.1 trillion IDR and is targeted to operate in 2018, Syamsudin Noor Airport in Banjarmasin (2.3 trillion IDR / 2019), New Airport Yogyakarta (9.3 trillion IDR / 2020), Terminal 3 Juanda Airport in Surabaya (9.1 trillion IDR / 2020), and Sultan Hasanuddin Airport in Makassar (3.6 trillion IDR / 2020), as well as regular investment," explained by Director of Space Pura Airports Danang S. Baskoro in a press conference "Listing of Bonds I and Sukuk Ijarah I Angkasa Pura I" on the Indonesia Stock Exchange Building, Jakarta, Monday (28/11/2016).
According to Danang, the construction and development of airports are urgently needed because already experiencing lack of capacity. Construction and development of this airport will improve service quality (level of service), airport service user satisfaction (customer satisfaction index / CSI), as well as to keep pace with the growth of the national aviation industry, which in turn will encourage increased operational and financial performance of the company.
Bonds and Sukuk Ijarah issued in three series, namely the Series A with a tenor of 5 years, Series B, with a tenor of seven years and series C with a tenor of 10 years. Series A with a fixed interest rate of 8.10% per year, Series B fixed-rate 8.40% per annum and Series C with a fixed interest rate of 8.55% per year. Earlier, bonds and Sukuk Ijarah has been rated by PEFINDO with a "triple A" and outlook stable.
In this corporate action, Angkasa Pura Airports has appointed Danareksa Sekuritas, Mandiri Sekuritas, Bahana Securities, and BCA Sekuritas as underwriter and the Mega Bank as trustee.
Director of Finance & IT Angkasa Pura Airports Novrihandri said that the future Angkasa Pura Airports will optimize external funding sources from the issuance of bonds and Sukuk and loans from financial institutions and non-bank banks to finance capital expenditure. [AD / AH]
