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20231120_APLN_Laporan Informasi dan Fakta Material_31530848_lamp1.pdf
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Jakarta, 20 November 2023 Jakarta, November 20, 2023
Nomor: 033/APLN-CM/XI.2023 Number: 033/APLN-CM/XI.2023
Kepada To
Otoritas Jasa Keuangan Financial Services Authority (“OJK”)
Gedung Soemitro Djojohadikusumo Soemitro Djojohadikusumo Building
Jln. Lapangan Banteng Timur 2-4 Jln. Lapangan Banteng Timur 2-4
Jakarta 10710 Jakarta 10710
U.p. Yth. Kepala Eksekutif Pengawas Pasar Modal Attn: Chief Executive of the Capital Market Supervisor
Perihal: Informasi terkait Peringkat Obligasi Senior Subject: Information in Regard with the Rating of USD
USD APL Realty Holdings Pte. Ltd. Senior Notes of APL Realty Holdings Pte. Ltd.
Dengan hormat, Dear Sir,
Kami bermaksud menginformasikan mengenai We intend to inform regarding the rating action taken by
Tindakan pemeringkatan yang dilakukan oleh Fitch Fitch Ratings (“Fitch”) on November 17, 2023.
Ratings (“Fitch”) pada 17 November 2023.
Sebelumnya kami jelaskan terlebih dahulu bahwa: Firstly, let us explain, that:
• APL Realty Holdings Pte. Ltd. (“APL Realty”) adalah • APL Realty Holdings Pte. Ltd. (“APL Realty”) is a
suatu perseroan terbatas yang didirikan di Republik limited liability company incorporated in the Republic
Singapura, dan merupakan entitas anak Perseroan of Singapore, and is a subsidiary of the Company
yang seluruh sahamnya dimiliki oleh Perseroan. whose shares are wholly owned by the Company.
• Pada 2 Juni 2017, APL Realty menerbitkan Obligasi • On June 2, 2017, APL Realty issued a Senior Notes with
Senior dengan jangka waktu 7 tahun dan kupon 7 years tenor and coupon of 5.95% (five point nine five
5,95% (lima koma sembilan lima persen) per tahun percent) per annum (“Senior Notes”), with principal
(“Senior Notes”), dengan nilai pokok USD amount of USD 300,000,000 (three hundred million US
300.000.000 (tiga ratus juta Dolar Amerika Serikat), Dollar), which are listed and traded on the Singapore
yang dicatatkan dan diperdagangkan di Bursa Efek Stock Exchange (“SGX”).
Singapura (“SGX”).
• Pada 2 Agustus 2023, APL Realty menyelesaikan • On August 2, 2023, APL Realty completed an offer to
pelaksanaan penawaran pembelian kembali repurchase part of the Senior Notes ("Tender Offer")
sebagian Senior Notes (“Tender Offer”) dan telah and has settled payments to the Senior Notes holders,
melakukan pembayaran kepada para pemegang so that the outstanding principal amount of the Senior
Senior Notes dimaksud, sehingga dengan demikian Notes is USD 131,960,000 (one hundred thirty one
jumlah pokok Senior Notes yang masih terutang million nine hundred sixty thousand United States
adalah sebesar USD 131.960.000 (seratus tiga puluh Dollars).
satu juta sembilan ratus enam puluh ribu Dolar
Amerika Serikat).
[Mohon merujuk pula pada surat PT Agung [Please also refer to PT Agung Podomoro Land Tbk
Podomoro Land Tbk (“Perseroan”): (the “Company”)’s letter:
PT AGUNG PODOMORO LAND, Tbk. | APL Tower 43rd - 46th floor, Podomoro City | Jl. Let. Jend. S. Parman Kav. 28, Jakarta 11470, Indonesia 1
T. +62 21 290 34567 | F. +62 21 290 34550 - 51 | Web. www.agungpodomoroland.com
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- No. 015/APLN-CM/VII.2023 tanggal 11 Juli 2023 - No. 015/APLN-CM/VII.2023 dated July 11, 2023
perihal: Laporan Informasi atau Fakta Material, regarding: Report on Material Information or
disampaikan Perseroan melalui SPE-IDXnet Facts, submitted by the Company through SPE-
dengan nomor surat: 035/APLN/VII/2023 tanggal IDXnet with letter number: 035/APLN/VII/2023
11 Juli 2023; dated July 11, 2023;
- No. 017/APLN-CM/VII.2023 tanggal 17 Juli 2023 - No. 017/APLN-CM/VII.2023 dated July 17, 2023
perihal: Tanggapan atas Permintaan Penjelasan regarding: Response to IDX Request for
Bursa, disampaikan Perseroan melalui SPE- Explanation, submitted by the Company through
IDXnet dengan nomor surat: 037/APLN/VII/2023 SPE-IDXnet with letter number:
tanggal 17 Juli 2023; dan 037/APLN/VII/2023 dated July 17, 2023; and
- No. 021/APLN-CM/VIII.2023 tanggal 3 Agustus - No. 021/APLN-CM/VIII.2023 dated August 3, 2023
2023 perihal: Laporan Informasi atau Fakta regarding: Report on Material Information or
Material, disampaikan Perseroan melalui SPE- Facts, submitted by the Company through SPE-
IDXnet dengan nomor surat: 041/APLN/VIII/2023 IDXnet with letter number: 041/APLN/VIII/2023
tanggal 3 Agustus 2023.] dated August 3, 2023.]
• Pada 15 November 2023 APL Realty kembali • On November 15, 2023, APL Realty again conducted a
melakukan Tender Offer atas Senior Notes yang Tender Offer for the Senior Notes, which principal
jumlah pokok beredar pada saat penawaran dimulai amount outstanding at the time of the
sebesar USD 131.960.000 (seratus tiga puluh satu commencement of the offering was USD 131,960,000
juta sembilan ratus enam puluh ribu Dolar Amerika (one hundred thirty one million nine hundred sixty
Serikat). Jumlah yang akan dibeli kembali sampai thousand United States Dollars). The amount to be
dengan Rp 1 triliun, dengan pendanaan dari fasilitas repurchased is up to IDR 1 trillion, with funding from a
pinjaman. loan facility.
[Mohon merujuk pula pada surat Perseroan No. [Please also refer to the Company’s letter No.
032/APLN-CM/XI.2023 tanggal 15 November 2023 032/APLN-CM/XI.2023 dated November 15, 2023
perihal: Laporan Informasi atau Fakta Material, regarding: Report on Material Information or Facts,
disampaikan Perseroan melalui SPE-IDXnet dengan submitted by the Company through SPE-IDXnet with
nomor surat: 059/APLN/XI/2023 tanggal 16 letter number: 059/APLN/XI/2023 dated November
November 2023.] 16, 2023.]
Sehubungan Tender Offer yang dijalankan oleh APL In connection with the Tender Offer conducted by APL
Realty mulai 15 November 2023 tersebut di atas, Realty commencing November 15, 2023 mentioned
melalui siaran pers tanggal 17 November 2023, Fitch above, through a press release dated November 17, 2023,
mengumumkan: Fitch announced:
Menurunkan peringkat jangka panjang Issuer Downgraded the Company's long-term Issuer Default
Default Rating (“IDR”) Perseroan menjadi ‘C’ dari Rating (“IDR”) to ‘C’ from ‘CCC-’, and downgraded the
‘CCC-’, dan menurunkan peringkat Senior Notes rating on Senior Notes to ‘C’ from ‘CCC-’, with a
menjadi ‘C’ dari ‘CCC-’, dengan Peringkat Pemulihan Recovery Rating of ‘RR4’.
‘RR4’.
Penurunan peringkat dikarenakan Fitch The downgrade is driven by Fitch's opinion that the
berpendapat bahwa Tender Offer merupakan suatu Tender Offer constitutes a 'distressed debt exchange'
kondisi ‘distressed debt exchange’ (DDE) karena (DDE) condition as the transaction will materially
transaksi tersebut akan menyebabkan pengurangan reduce the original terms to noteholders, and in Fitch’s
secara material atas persyaratan awal bagi view, is being conducted to avoid a default.
pemegang notes, dan menurut pandangan Fitch, hal
tersebut dilakukan untuk menghindari gagal bayar.
PT AGUNG PODOMORO LAND, Tbk. | APL Tower 43rd - 46th floor, Podomoro City | Jl. Let. Jend. S. Parman Kav. 28, Jakarta 11470, Indonesia 2
T. +62 21 290 34567 | F. +62 21 290 34550 - 51 | Web. www.agungpodomoroland.com
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Fitch akan menilai kembali peringkat jangka panjang Fitch will reassess the Company’s long-term IDR/
IDR Perseroan/struktur permodalan dan prospek capital structure and prospects after the DDE
Perseroan setelah kondisi DDE selesai atau condition is completed or fails (could lead to a factor
gagal/Tender Offer berhasil atau gagal (dapat for Fitch to upgrade the rating); or
menjadi faktor Fitch untuk meningkatkan peringkat);
atau
Fitch akan menurunkan peringkat jangka panjang Fitch will downgrade the Company’s long-term IDR to
IDR Perseroan menjadi 'Restricted Default' (RD) 'Restricted Default' (RD) on the completion of the DDE
setelah kondisi DDE selesai, dan menilai kembali condition, and reassess the IDR rating in line with the
peringkat IDR Perseroan berdasarkan struktur post-restructuring capital structure
permodalan pasca restrukturisasi.
Demikian kami sampaikan. Atas perhatiannya, kami Thank you for your kind attention.
mengucapkan terima kasih.
Hormat kami, Respectfully,
PT Agung Podomoro Land Tbk.
F. Justini Omas
Sekretaris Perusahaan | Corporate Secretary
Tembusan: CC:
PT Bursa Efek Indonesia – Divisi Penilaian Perusahaan PT Bursa Efek Indonesia – Division of Issuer Evaluation
Group 2 Group 2
PT AGUNG PODOMORO LAND, Tbk. | APL Tower 43rd - 46th floor, Podomoro City | Jl. Let. Jend. S. Parman Kav. 28, Jakarta 11470, Indonesia 3
T. +62 21 290 34567 | F. +62 21 290 34550 - 51 | Web. www.agungpodomoroland.com
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