JAKARTA (Reuters): PT Garuda Indonesia has secured majority approval to extend the maturity of US$500mil sukuk, or Islamic bonds, by three years, Chief Executive Irfan Setiaputra told a virtual news briefing on Friday (June 5).
The airline sought to extend the maturity of the debt, originally due on June 3, after its operations took a hit from coronavirus-linked travel restrictions.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!