Garuda Indonesia to seek 3-year maturity extension for $500m sukuk
Airline Garuda Indonesia is preparing to propose a 3-year maturity extension to its $500m Islamic bonds that are coming due on June 3, the company said late Tuesday. Garuda said it has submitted the proposal to Indonesia’s Financial Services Authority, as well to bondholders through the Indonesia and Singapore stock exchanges, and the company will seek holders’ approval on June 10.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-05-20/sky/garuda-indonesia-to-seek-3-year-maturity-extension-for-500m-sukuk
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Garuda Indonesia to seek 3-year maturity extension for $500m sukuk
Airline Garuda Indonesia is preparing to propose a 3-year maturity extension to its $500m Islamic bonds that are coming due on June 3, the company said late Tuesday. Garuda said it has submitted the proposal to Indonesia’s Financial Services Authority, as well to bondholders through the Indonesia and Singapore stock exchanges, and the company will seek holders’ approval on June 10.<br/>
