JAKARTA (Yosefardi) – PT Visi Media Asia Tbk (VIVA), free-to-air television operator of Bakrie Group, plans to refinance its US$230 million debt to Credit Suisse AG, Singapore branch, Bisnis Indonesia reported this morning.
VIVA made US$230 million loan to Credit Suisse in November 1, 2013 which carries annual coupon of 7.75%.
As at March 2015, VIVA’s liability reached Rp3.56 trillion while equity amounted Rp2.69 trillion, then debt to equity ratio was 1.32 times.