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Waskita Karya’s Bondholders Getting More Nervous

Monday, December 4, 2023

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

arsip tempo : 172186632912.

Waskita Karya’s shares trade, which has been suspended by the Indonesian Stock Exchange, is monitored on a mobile phone. TEMPO/Tony Hartawan . tempo : 172186632912.

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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Ghoida Rahmah contributed to this report.

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