Jakarta - Telecommunications tower infrastructure provider, PT Bali Towerindo Sentra Tbk (BALI) held a Public Expose on Wednesday 23 November 2022, in the framework of the Public Offering of Bali Towerindo Sentra's 2022 Sustainable Sukuk Ijarah I with a total target fund of Rp. 2 trillion.

In the offering of this Sustainable Sukuk Ijarah, the Company will issue Phase I of 2022 Bali Towerindo Sentra Sustainable Sukuk Ijarah I with a maximum remaining ijarah fee of IDR 500 billion.

This Sukuk Ijarah is issued scrip-free, except for the Jumbo Sukuk Ijarah Certificate issued on behalf of the Indonesian Central Securities Depository Company (KSEI) as proof of ownership of Sharia Securities for the benefit of the Sukuk Ijarah Holders.

Phase I Sustainable Sukuk Ijarah for 2022 consists of 3 series:

• Series A offered with an indication of ijarah return installments of 7.37% - 7.87%. The loan tenor of the Series A Sukuk is 370 calendar days from the date of issuance.
• Series B offered with an indication of ijarah return installments of 9.75% - 10.25%. The loan tenor of the Series B Sukuk is 3 years from the date of issuance.
• Series C is offered with an indication of ijarah return installments of 10.25% - 10.75%. Series C loan tenor is 5 years from the date of issuance.

Main Director of Bali Towerindo Sentra Tbk, Jap Owen Ronadhi, said the proceeds from the Phase I Public Offering of Sustainable Sukuk Ijarah I, after deducting issuance costs, will be used entirely for capital expenditure (CAPEX) and working capital.

All proceeds from the Sukuk Ijarah Public Offering after deducting the issuance costs will be used by the Company for:

1. 1. 1. 1. 1. Approximately 70% will be used for the Company's capital expenditure needs to increase capacity and expand the network and improve service quality with details as follows:
               • Approximately 70% is used for investment in the construction and expansion of the Company's fiber optic cable network in the form of Fiber To The X (FTTX) network in the Corporate, Retail (Residential), and Government segments, covering materials and cable pulling services, installation of devices to customers, equipment including Optical Line Terminal (OLT), Optical Network Terminal (ONT), Fiber Access Terminal (FAT), Fiber Distribution Terminal (FDT), access points, and other supporting devices for fiber optic cable networks.
               • Approximately 30% is used for investment in the construction and upgrade of telecommunication towers of the Microcell Pole (MCP) type as well as fiber optic networks that connect the Company's telecommunications towers in Greater Jakarta, Java, and Bali.

1. 1. 1. 1. 2. The remainder will be used for the Company's working capital, where the Company's working capital in question is the working capital needed to carry out the Company's daily operational activities which can include:
         • Network operational and maintenance costs
         • Marketing and sales expenses related to customer acquisition

The use of proceeds from the Sukuk Ijarah Sustainable Public Offering does not conflict with Sharia Principles in the Capital Market as stipulated in POJK No. 18/2015.

The Company appointed underwriters for the Sustainable Sukuk Ijarah issuance, namely PT BRI Danareksa Sekuritas and PT Sucor Sekuritas. The underwriter will be determined later. PT Regional Development Bank West Java and Banten Tbk (BJB) were appointed as Trustees.

In the issuing of this Sukuk Ijarah, the company has obtained a rating from PT Pemeringkat Efek Indonesia (Pefindo), namely idA-(sy) and also from PT Fitch Ratings Indonesia (Fitch), namely A-(idn) (sy) or Single A Minus Syariah.

The following is the offering schedule for Bali Towerindo's Sustainable Sukuk Ijarah I Phase I Year 2022:

Initial Offering Period                                                              : November 22-December 2, 2022

Estimated Effective Date                                                        : December 8, 2022

Estimated Public Offering Period                                            : December 12-13, 2022

Estimated Allotment Date                                                       : December 14, 2022

Estimated Order Refund Date                                                : December 16, 2022

Estimated Date of Electronic Distribution of Sukuk Ijarah      : December 16, 2022

Estimated Date of Listing on the Indonesia Stock Exchange : December 19, 2022

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PT Bali Towerindo Sentra Tbk

Founded in 2006, PT Bali Towerindo Sentra Tbk (“Company”) is a telecommunications tower provider. With towers and networks spread across Bali and Java – mainly at DKI Jakarta Province, the Company is the pioneer provider of telecommunication towers integrated with transmission/fiber-optic networks. In 2014, the Company officially listed its shares on the Indonesia Stock Exchange (IDX) and began trading with the issuer code BALI. The business focus is on leasing towers and transmission networks, as well as on the FTTX (Fiber-to-the-X) sector which targets residential, corporate, and government customers.