Tower Bersama distributes final dividend Rp665 billion

JAKARTA (TheInsider Stories) – PT Tower Bersama Infrastructure Tbk. (IDX: TBIG) will share final cash dividend of Rp665 billion. Previously, Rp330 billion already distributed as Interim Cash Dividend in September 2016. The final dividend will be paid on June 13, 2017 to all shareholders with cum dividend (last trading day entitled to receive dividend) on May 24, 2017. The shareholders meeting of TBIG also approved plans for the issuance of US Dollar denominated notes to be issued by a fully owned subsidiary of the Company, through an offering to investors outside of the Republic of Indonesia.

The company has obtained shareholders approval on May 17 to issue global bonds with maximum value of US$500 million. Finance Director of Tower Bersama Helmy Yusman Santoso said if the market is good, the company will issue the bonds this year. Based on the prospectus published this week, the bonds will be issued by the company’s Singapore unit TBG Global Pte Ltd. (*)