Waskita Karya’s Bondholders Getting More Nervous

Waskita Karya’s bond restructuring fails to reach a quorum. Investors, including pension fund managers, are getting more nervous.

Aisha Shaidra

December 4, 2023

THIS month will determine the fate of Waskita Karya, whether the company can meet its debt restructuring target or not. “The restructuring approval is an important turning point for Waskita,” said the company’s Corporate Secretary Ermy Puspa Yunita on Tuesday, November 21.

Waskita Karya had targeted to finalize the debt restructuring in September. In a letter to the Indonesian Stock Exchange, Ermy said the company had bagg

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