Semen Baturaja Settles 400 Billion Rupiah of MTN

PALEMBANG – The Company of Semen Baturaja has settled their twelfth main and interest acquittal under the obligation of medium term notes (MTN) I amounting to 400 billion rupiah. The Financial Director of Semen Baturaja, M Jamil, noted that the payment has been completed on 23 February, 2021 with the recording date of 17 February 2021.

Previously during 16 February 2021, Semen Baturaja had acquired syndicate loan of 400 billion rupiah from Bank Mega, Bank Mega Syariah, and Bank Jawa Barat. This funding is what was being used to settle for the MTN I Semen Baturaja year 2018.

The payment of the debt security was settled earlier from its due date. Semen Baturaja had published the MTN on 2018 which amounts to 400 billion rupiah. Cooperating with Bank Negara Indonesia (BNI), also acting as the monitoring agent for the MTN publishing, Semen Baturaja had acquired a rather low annual interest of 9% for 3 years.

The performance of Semen Baturaja is regarded to be improving as with the development of the national economy. This is evidenced through their sales record of 1,93 Millions ton of cement and 34.000 ton of white clay during the entirety of 2020.

This January, Semen Baturaja has managed to achieve transactions record of 155.119 ton of cement, 2.265 ton of white clay, and 1,28 ton of mortar. Currently, the company is prepared to further develop its production and fulfill the cement demand in the market of South Sumatra and surrounding area.{}