olders of three corporate bonds from Waskita Karya have approved a restructuring proposal that gives the debt-ridden state-owned construction firm more time to repay.
In meetings on Wednesday and Thursday, they agreed to extend to the end of 2034 the repayment periods for the bonds, which were due in June, August and September last year.
Waskita Karya also claimed to have reached an agreement in principle with all creditors on the restructuring of its bank loans.
This is part of the holistic restructuring process of Waskita Karya. The proposal is the best option for the company to fulfill our responsibilities to all creditors, from banks to bondholders and vendors, Waskita Karya president director Muhammad Hanugroho said in a statemen…
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