JAKARTA (Yoserardi) – Energy and infrastructure-based company PT Dian Swastatika Sentosa Tbk (DSSA), member of Sinarmas Group, and Telecommunication tower operator PT Inti Bangun Sejahtera Tbk (IBST), the issuer of bonds, had on Wednesday (July 17) agreed on convertible bond restructuring.
Both parties had agreed to cut convertible bond to Rp57.38 billion from Rp690.38 billion. Then, the spread of Rp633 billion convertible bond is converted into loan.
DSSA has right to hold 10.05% shares of PT Inti Bangun Sejahtera Tbk (IBST) after signing of bond conversion agreement.