Jakarta - PT Tower Bersama Infrastructure Tbk (TBIG) plans to issue notes with a principal amount of US$900 million.

The brief prospectus published on Wednesday (25/8), the company will use the proceeds from the notes issuance to be channeled to subsidiaries through inter-company loans and repayment of maturing debts, and accelerated repayment of loans.

In addition, TBIG can maximize the use of funds obtained from the plan to issue notes, considering the payment of all principal loans at the end of the notes period without any amortization during the notes period.

TBIG will pay coupon notes semi-annually compared to interest payments every one month and three months for syndicated loan facilities.

To realize this corporate action plan, TBIG will hold an EGMS on September 30, 2021.

As of March 31, 2021, TBIG's current ratio was at 1.1 times, total liabilities to equity 3.3 times, total liabilities to assets 0.8 times, EBITDA at 87