Waskita Karya extends bond maturity to 2034, cuts coupon

Waskita Karya has amended its trustee agreement for its "Obligasi Berkelanjutan III Waskita Karya Tahap IV Tahun 2019 Seri B" bond. The maturity has been extended to December 31, 2034, from May 16, 2024, with the changes effective September 17, 2026. The coupon rate has been reset to 5% plus an additional coupon, down from 9.75%. The amendment follows bondholder consent obtained at a September 3, 2026 meeting, aligning with the company's restructuring plan.