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Friday, June 4, 2010

Truba Jaya bond paid off still unsettled

Irvin Avriano A.
Bisnis Indonesia

Truba Jaya bond paid off still unsettled

JAKARTA: PT Truba Jaya Engineering, a subsidiary of PT Truba Alam Manunggal Engineering Tbk, has not yet confirmed their readiness for fund to pay off their I/2007 bonds worth IDR200 billion.

In the disclosure to the Indonesia Stock Exchange (BEI) today, Truba Jaya President Director Erman Suparno said the company still made some effort to pay off the bond that will mature on July 8th.

"We are processing to obtain funding from financial institutions where the process is being carried out," Erman said in the letter today.

Besides Truba Jaya, other bond issuer, PT Trimegah Securities Tbk also make disclosure of information relating to their bonds which will mature on July 15th.

"The company still has internal funds and credit facilities amounting to IDR330 billion from banks for settlement of our bond," said Trimegah Director Karman Pamurahardjo in his letter to the bourse authority.

Trimegah still have II/2007 series C bonds which will mature on July 17th worth IDR150 billion.

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