Tiga Pilar Sejahtera Food to Repurchase Sukuk and Bonds Worth IDR 476.98 Billion

Indonesian trade and consumer good issuer, Tiga Pilar Sejahtera Food (AISA) or TPS Food has announced plans to buy back a number of Sukuk and bonds that have been issued by the company over 2013 to 2016 worth IDR 476.98 billion, according to local media reports.

According to a disclosure submitted to the Indonesia Stock Exchange (IDX) on the 3rd of December 2020, TPS Food has submitted a plan to repurchase TPS Food I Bond Year 2013 (Bond I), Sukuk Ijarah TPS Food I Year 2013 (Sukuk I), and Sukuk Ijarah TPS Food II Year 2016 (Sukuk II) owned by non-state-owned enterprise financial institutions.

The buyback of the debt securities amounting to IDR 476.98 billion is planned to take pla...