Indonesia’s national flag carrier, Garuda Indonesia has received approval from majority of its Sukuk holders to extend the tenure of its USD 500 million Sukuk by three years from the original maturity date of June 3, 2020.
Based on the voting in Sukuk holders general meeting which held today, Wednesday (10/06), 90.88 percent of Sukuk holders, who hold US$ 454.391.000 in the principal of the bond voted in favor of the consent solicitation of the sukuk global repayment period.
President & CEO Garuda Indonesia Irfan Setiaputra said,"We are certainly optimistic that this could be a significant initial step in efforts to rebound the performance of Garuda Indonesia affected by the COVID-19 pandemic".
"We extend our appreciation for all sukuk holders support on the continuity and future of Garuda Indonesia's business in this challenging time", concluded Irfan.
PT GARUDA INDONESIA (PERSERO) TBK