Sewatama Pays 4th Bonds Coupon IDR 23.452 billion

PT Sumberdaya Sewatama (“The Company”) (“IDX: SSMM”), an integrated power solution provider under Tiara Marga Trakindo Group and subsidiary of the integrated energy company PT ABM Investama Tbk, today announced their 4th(fourth) payment of Bonds Coupon and Ijarah Installment Fees for PT Sumberdaya Sewatama Bonds and Sukuk I, 2012.

The installment amounting to IDR 23,452,500,000 (twenty three billion four hundred fifty two million and five hundred thousand rupiah) was paid to PT Kustodian Sentral Efek Indonesia (KSEI) in compliance with the due date set by The Company in November 2012.

By having rating id(A) for bonds and id(A)sy for Sukuk from PT Pefindo, Sewatamaissued securities in the forms of Bonds and Sukuk which totaled to IDR 1 trillion that was used for working capital and The Company’s debt refinancing. Through the issuances of these securities, The Company agreed to pay coupons to bond holders in accordance to some terms, which are series A Bonds with a 3 year tenure and 8.6% interest, series B Bonds with a 5 year tenure and 9.5% interest, and for Ijarah Installment fees with 9.6% interest.

Through 4 lines of business in the power sector, Sewatama noted a positive revenue in this year’s Q3 amounting to IDR 1.208 trillion, rising 11% from 923 billion in the same period the previous year and booked EBITDA margin incease by 6% reaching IDR 549 million in Q3 2013 as opposed to IDR 517 million in the same period the previous year.(SS)

Press Release