Tower Bersama issues IDR 2.37 trillion debt: what it means for Tower Bersama stock

Published on 10/25/2026 at 00:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit IDR 1.74 trillion, up 1.40 percent year over year. The IDR 29.92 trillion debt figure frames Tower Bersama stock on June 30, 2026.

Debt refinancing and operating growth

TBIG listed IDR 2.37 trillion of debt instruments on October 16, 2026.
Second-quarter revenue reached IDR 1.742 trillion versus IDR 1.718 trillion in the first quarter of 2026.
The first interest payment is scheduled for January 15, 2027.

TBIG, ID1000116908, Illustration mit AI erstellt.

Tower Bersama (ISIN ID1000116908) completed an IDR 2.37 trillion bond and sukuk issuance that was listed on the Indonesia Stock Exchange on October 16, 2026. Stockwatch.id reported that the proceeds will repay parts of loans owed to Bank UOB Indonesia and Bank Mizuho Indonesia.

Why the refinancing matters

The transaction combined an IDR 1.244 trillion bond issue with an IDR 1.126 trillion sukuk issue. The bond carries fixed annual rates of 7.15 percent, 7.65 percent and 7.80 percent across three series, according to BCA Sekuritas on October 9, 2026.

The proceeds are aimed at liability management rather than expansion. Stockwatch.id said IDR 1.237 trillion will repay part of a UOB loan, while sukuk proceeds include IDR 712.41 billion for UOB and IDR 408.89 billion for Mizuho. That allocation gives the refinancing a defined use and links the securities issue to scheduled debt obligations.

What does operating growth add?

Investing.com lists second-quarter 2026 revenue at IDR 1.742 trillion, up 1.43 percent from IDR 1.718 trillion in the first quarter. Net income rose from IDR 390.099 billion to IDR 445.833 billion over the same comparison, an increase of 14.29 percent.

Three financing dates to track

On October 9, 2026, TBIG announced the IDR 2.37 trillion offering; on October 15, 2026, the instruments were distributed electronically; and on October 16, 2026, the bond and sukuk were listed on the Indonesia Stock Exchange. The sequence shows how quickly the refinancing moved from offer to listing.

The first interest and sukuk payment is scheduled for January 15, 2027. Series A principal repayment is scheduled for October 25, 2027, while the other bond series mature on October 15, 2029 and October 15, 2031, according to Stockwatch.id.

Capital structure remains central

Tower Bersama operates telecommunications towers, fiber optic networks, internet services and related infrastructure businesses, according to Stockwatch.id. For investors, the key question is whether revenue growth can continue alongside disciplined refinancing and the servicing schedule set by the new instruments. The further course of trading is shown by the continuously updated real-time quote of TBIG stock.