Consumer goods firm Tiga Pilar Sejahtera Food (AISA) plans to buy back bonds and Islamic bonds (Sukuk) issued in 2013 and 2016 worth Rp476.98 billion for improving its financial structure. The Company has paid debts to JP Morgan (Nov. 17, 2020), Citibank (Nov. 30, 2020), and Standard Chartered Bank (Dec. 1, 2020). AISA has raised Rp950 billion from offering new shares to certain buyers (private placement), used to pay debts (Rp650.86 billion), for working capital (Rp425.43 billion), and to inject capital in units or subsidiaries.
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