TBIG - Raises IDR1.5 tn in bond issuance

Tower Bersama Infrastructure (TBIG) has concluded its phase I bond issuance totaling IDR1.5tn, comprising of two series that yield 5.9% for A series amounting IDR1 tn and 6.25% for B series amounting IDR500 bn. This was part of shelf-registered bonds VI 2023 targeting IDR20 tn in funds. The bond issuance is intended to refinance its debt. (Source : Kontan)