PT Waskita Karya (Persero) Tbk has fulfilled its principal obligation\nfor the 2021 Series A Bonds of PT Waskita Karya (Persero) Tbk, valued at\nIDR 722 billion, which was due on 24 September 2026. This fulfilment was\ncarried out through a guarantee mechanism in accordance with the\nprovisions set out in the guarantee agreement.<\/p>\n
The payment of claims was executed by the Government and PT\nPenjaminan Infrastruktur Indonesia (Persero)\/PII according to their\nrespective guarantee portions. Waskita Karya\u2019s Corporate Secretary,\nSteven Subiantoro, stated that the company\u2019s bond interest payment\nobligations have also been met. The company, listed under the stock code\nWSKT, continues to coordinate with all relevant parties to ensure the\nentire fulfilment process is conducted according to applicable\nregulations.<\/p>\n
\u201cWe are committed to ensuring that the process of fulfilling\nobligations to bondholders proceeds according to the established\nmechanism. The implementation continues to prioritise good corporate\ngovernance and maintaining the continuity of the Company\u2019s operational\nactivities,\u201d Steven said in an official statement on Tuesday\n(29\/9\/2026).<\/p>\n
The guarantee for Waskita Karya\u2019s 2021 Series III Bonds is part of\nthe Government\u2019s guarantee scheme under the National Economic Recovery\nProgram for SOEs affected by the COVID-19 pandemic, which was\nestablished at the time of the bond issuance. Under this scheme, the\nGovernment and PT PII act as Guarantors according to the proportions and\nprovisions in the guarantee agreement.<\/p>\n
Previously, Waskita Karya had notified the Guarantors and the\nBondholders\u2019 Representative regarding the Company\u2019s inability to meet\nits obligations. In accordance with the mechanism in the guarantee\nagreement, the Bondholders\u2019 Representative, acting as the Secured Party,\nsubsequently filed claims with the Guarantors.<\/p>\n
Following a process of verification and fulfilment of requirements,\nthe payment of claims was executed based on each guarantor\u2019s respective\nportion.<\/p>\n
\u201cThe guarantee claims have been paid and distributed through the\napplicable mechanism, ensuring that bondholders have received the\nprincipal payment. We appreciate the Government and PT PII for the\nexecution of the guarantee mechanism in accordance with the applicable\nprovisions and agreements,\u201d said Steven.<\/p>\n
The payment of these guarantee claims does not discharge Waskita\nKarya\u2019s underlying obligation. The Company\u2019s obligation to the\nGuarantors will subsequently be settled in accordance with the right of\nrecourse mechanism and applicable regulations.<\/p>\n
Steven noted that moving forward, Waskita Karya remains focused on\nrecovering its core operational activities and strengthening the\nCompany\u2019s financial condition, including focusing on its core business\nas a contractor in line with the strategic direction of its\nshareholders. The Company will also continue to coordinate with\nstakeholders to support the process of recovery and business\nsustainability.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/waskita-settles-idr-722-billion-bond-principal-1790682882", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }