18 Jan 2021
AYMP has acted as legal counsel to PT Ketrosden Triasmitra, a cable network infrastructure company, in its first public offering of bonds through Ketrosden Triasmitra I Year 2020 Bonds, which has been listed on the Indonesia Stock Exchange on 11 January 2021. The total value of bonds issuance is IDR 583 billion consisting of Series A and Series B with three and five years’ tenor. It is noteworthy that the Ketrosden Triasmitra I Year 2020 Bonds is the first public offering of bonds in Indonesia guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank, thus receiving a Triple A rating (idAAA(cg)) from PT Pemeringkat Efek Indonesia.
As published in idnfinancials.com, In a press release received on Monday (11/1), Titus Dondi, CEO of Triasmitra Group, explained that the funding from Bond I 2020 would be used for developing their business in the next five years. "To pay off the loan obligations related to Jakarta-Surabaya and Medan-Dumai fiber optic cable projects," he said.
Moreover, he also mentioned that it would be used as capital expenditure and business development for fiber optic cable maintenance.
Triasmitra has two subsidiaries, including PT Triasmitra Multiniaga Internasional (TMI) and PT Jejaring Mitra Persada (JMP); each of which is engaged in the maintenance of fiber optic cables and monitoring sea and land cables
AYMP team is led by Wemmy Muharamsyah, Gunadarma, and supported by Mita Sarwono, Theresia Fransmanto, Uvani Martaulina Rodoputri, and Deniza Ariani.