TBIG - Plans to repay debt paper

TBIG - Plans to repay debt paper Tower Bersama Infrastructure (TBIG) is planning to repay its debt paper in the near future, according to management's announcement. The company has previously made a payment of debt paper that worth IDR469 bn in principal followed by IDR9.4 bn in interest payment for shelf registered bond IV TBIG phase I 2022. on September 8. (Source: Emiten News) Comment: For capital intensive sector, external funds are definitely needed to keep business afloat. Though we saw TBIG 1H23 bottom-line was hampered by increased finance costs, we perceive TBIG's cash flow is still robust enough for debt repayment in the future