Brief: Trikomsel updates noteholders on PKPU proceedings

Polaris

04/02/2016 03:41

Feb 4 (Reuters) - Trikomsel Oke Tbk PT  TRIO.JK : 
 * Updates noteholders on pkpu proceedings 
 * Intends to continue to work with steering committee to ensure that any restructuring plan agreed with creditors makes appropriate accommodation for interests of noteholders 
 * "Sg$115 million 5.25% senior fixed rate notes due 2016 of Trikomsel pte. ltd. guaranteed by the company" 
 * The company recognizes the full amount of noteholder claims as eligible to participate in any agreed restructuring plan" 
 * Says holders of 2016 notes and 2017 notes regarding the ongoing suspension of payments (pkpu) process in Indonesia 
 * Sg$100 MLN 7.875% senior fixed rate notes due 2017 of Trikomsel pte. ltd. guaranteed by the company" 
 * The noteholders which have submitted claims make up a small percentage of the admitted unsecured claims" 
 * Noteholders may need to take further practical steps to participate in an agreed restructuring plan" 
 * Source text for Eikon  ID:nSNGwxvg  
 
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