BSDE - Has paid Bond and Sukuk Coupon

Bumi Serpong Damai Tbk (BSDE) has paid Sustainable Bond III Phase I and Sustainable Sukuk Ijarah Phase I amounting IDR14.1 bn and IDR3.7 bn. The developer has also signed treasury line and credit facility from BNI and amounting USD2 mn and IDR1 tn with maturity 84 month. (Source : Bisnis Indonesia) Comment : We like BSDE cash position which meet with its financial obligations. The new credit facility will provide room for expansion and others corporate actions activities, while its treasury line will reduce forex risk.