{
    "success": true,
    "data": {
        "id": 1981379,
        "msgid": "bondholders-reject-all-restructuring-proposals-from-adhi-karya-adhi-1789476776",
        "date": "2026-09-15 18:50:36",
        "title": "Bondholders Reject All Restructuring Proposals from Adhi Karya (ADHI)",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Bondholders of Adhi Karya's 2022 Continuous Bonds Series III Phase III have overwhelmingly rejected all three restructuring proposals, including an extension of maturity, a change to the coupon rate and a waiver for the missed 17th interest payment. The votes against ranged from 94.73% to 99.57%, leaving the state-owned contractor in default on the bond.",
        "content": "<p>PT Adhi Karya (Persero) Tbk (ADHI) has announced the results of the\nBondholders\u2019 General Meeting (RUPO) for the Adhi Karya Continuous Bonds\nSeries III Phase III 2022.<\/p>\n<p>The meeting addressed three main agenda items: first, approval to\nchange the maturity date of the bonds; second, approval to change the\nbond\u2019s interest rate; and third, approval to waive the breach arising\nfrom the failure to pay the bond\u2019s 17th interest instalment.<\/p>\n<p>In the vote, bondholders unanimously rejected the restructuring\nproposals. On the first agenda item regarding the change of maturity,\n99.57% of votes were cast against, with only 0.43% in favour. On the\nsecond agenda item concerning the interest rate change, the rejection\nwas even higher at 99.48% of votes, versus 0.52% in favour.<\/p>\n<p>As for the third agenda item, the request to waive the breach over\nthe default on the 17th interest payment, 94.73% of votes were cast\nagainst, while only 5.27% approved the proposal. Consequently,\nbondholders also refused to forgive ADHI\u2019s failure to meet its\nobligation to pay the bond\u2019s 17th interest instalment.<\/p>\n<p>With all restructuring proposals rejected, ADHI now faces default\nstatus on the 17th interest obligation of the Continuous Bonds Series\nIII Phase III 2022, without a waiver from bondholders and without any\nchange to the maturity date or interest rate as proposed by the\ncompany.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bondholders-reject-all-restructuring-proposals-from-adhi-karya-adhi-1789476776",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}