Pelindo has successfully repaid its USD 500 million Global Bonds 2024 (PLBIIJ 2024), which was due on October 1, 2024, coinciding with the company’s 3rd Merger Anniversary.
The repayment was accomplished using USD 170 million (IDR 2.5 trillion) from internal cash and USD 330 million (IDR 5 trillion) sourced from loans through Bank Mandiri and Bank BTPN.
Pelindo President Director Arif Suhartono emphasized that this repayment aligns with Pelindo’s growth strategy following its merger, focusing on debt reduction and optimizing internal cash flow. Over the past three years, Pelindo has successfully decreased its total loans by IDR 12.75 trillion, including a previous debt repayment of IDR 10.25 trillion.
Finance Director Mega Satria noted that operational efficiency and effective cash management are key drivers of this debt reduction. He highlighted that the repayment of the Global Bonds reflects Pelindo’s commitment to global investors and strengthens the company’s credibility in the international market.
Additionally, Pelindo’s financial performance has garnered positive evaluations from international rating agencies, receiving a “Baa2” rating from Moody’s in 2023 and a “BBB” rating from Fitch in 2024. These ratings indicate a stable outlook and the company’s capability to meet its long-term financial commitments.