Jakarta 29 March 2018– Fulfilling the commitment to the agreement with the holders of the Sewatama I Bonds 2012 and holders of the Sukuk Ijarah I 2012, PT Sumberdaya Sewatama (IDX: “SSMM”) paid the coupon of bonds for the 22nd time and the fourth principal installment amounting to Rp 15,517,493,750 (Fifteen billion five hundred seventeen million four hundred ninety three thousand seven hundred and fifty Rupiah) deposited into KSEI’s account on Thursday, March 29, 2018. This payment is in accordance with the maturity date determined by KSEI, for payment of bond coupon or ijarah fee.
Sewatama now still has sharia bonds amounting to Rp 200,000,000,000 (two hundred billion rupiahs) with an ijarah fee of 7% per annum until 2020, then 8% per annum until 2024 and Ijarah principal repayments of 1% per annum. As for conventional bonds (SSM01B) amounting to Rp 581,000,000,000, – (five hundred eighty one billion rupiah) with a coupon of 7% per annum until 2020 next 8% per annum until 2024 and the principal repayment of 1% per annum.
“We are grateful, the bondholders are very supportive of our steps in managing the company while maintaining the precautionary principle. Therefore, we are committed to settle our obligations by making payments more quickly as a form of our responsibility to meet obligations to bondholders, “said Nadia Diposanjoyo, Head of Corporate Affairs & Marketing, PT Sumberdaya Sewatama in Jakarta, Thursday (29 / 3).
About PT. Sumberdaya Sewatama
- Sumberdaya Sewatama is an integrated power solution provider company under Tiara Marga Trakindo Group. It is the subsidiary of PT. ABM Investama Tbk, an integrated energy company. Established in 1992, Sewatama has a vision to become the leading company in its industry.
Sewatama has 4 main business lines: Temporary Power, Operations and Maintenance, Energy Efficiency Services, and Long Term Power Solutions, which make the company the only integrated power solution provider company in Indonesia.
Through its subsidiaries, PT. Pradipa Arya Satya and PT. Nagata Bisma Shakti, Sewatama entered the IPP (Independent Power Producer) business using fossil fuel and renewable energy.
The development of the two subsidiaries can be seen through the acquisition of 20% of MEPPOGEN shares in Gas and Steam Power Plant with 110 MW capacities in South Sumatera, Steam Power Plant with 15 MW capacities of PT. Energi Alamraya Semesta (AES) in Nanggroe Aceh Darussalam, and through the development of water energy based project in South Sulawesi up to 50 MW capacities to assist the construction progress in that area. Moreover, Sewatama also develops biogas power plant in Central Kalimantan and South Kalimantan with over 5.4 MW total capacities.
Sewatama won the Best Brand 2015 predicate in Power Infrastructure Solution category from PT. Mars Indonesia. This award is given to companies with the best reputation in the industry. Best Brand has been held by PT. Mars Indonesia collaborating with Swa Magazine since 1992. Besides, Sewatama also won The Top 10 Best Electricity Indonesia from Indonesian Electrical Power Society and “Listrik Indonesia” Magazine. In 2015, Sewatama also won the Company of the Year award in Indonesia Power Rental Solution from an international research firm, Frost & Sullivan.
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