pt Bakrie & Brothers Tbk (BNBR) still has homework (PR) next year, namely to pay off debts of IDR 12.238 trillion. The company has promised to pay off the debt in 2023.
This was conveyed directly by Bakrie & Brothers Chief Executive Officer Anindya Novyan Bakrie in the company’s virtual public exhibition. The Vice President Director of PT Bakrie & Brothers Tbk Anindra Ardiansyah Bakrie alias Ardi Bakrie, as well as other directors also attended that occasion.
“The debt has been restructured, the largest debt is Rp. 12.283 trillion, 2022 plans have started to take steps to sort things out, hopefully most of this can be resolved in 2023 as well,” he said. said Anindya in a virtual public exposition, Tuesday (13/12/2022).
“Okay, let’s talk about it Bakrie & Brothers that different company. We see that the steps are clear, this is a matter of time. So we’re going to look at the debt side that was the scourge of Bakrie & Brothers, we can leave that, especially the non-productive debt,” she added.
Anindya said that for the past 2 or 3 years, her company has focused on debt relief. It was recorded in its filing that from 2016 to 2018 the company had debts of more than IDR 11 trillion. This debt has been paid off as of 2022.
“The focus has been on Bakrie & Brothers for the past 2-3 years and hopefully in the next year we will do oblique restructuring to reduce the debt. So the main focus of Bakrie & Brothers next year, in the last year we have completed our debt restructuring efforts,” he explained.
On the same occasion, PT Bakrie & Brothers Tbk (BNBR) Chief Financial Officer Roy Hendrajanto M. Sakti explained that the Rp 12 trillion debt figure was originally scheduled to be completed in 2022. However, the plan was postponed for pay it back in 2023.
“In the book of September 2022, the debt of Rp. 12 trillion is indeed a very large figure. We are already entering the debt settlement of Rp. 12 trillion. We wanted to finish it at the end of this year because there were several targeted technical agreements for completion in the first quarter of next year for the same Rp. 12 trillion,” he said.
Roy said the company itself paid off its previous Rs 11.66 trillion debt. Sequentially, since 2016 the debt has been gradually paid off and paid off in 2022.
“In addition to streamlining the expansion portfolio going forward, we have restructured a debt of IDR 11 trillion since 2016. It has been successful and worked well,” he said.
