Toba Bara Sejahtra Tbk PT: Update following postponement of bond issuance
Our credit view of Toba Bara, reflecting its stable operating performance and elevated execution risk from its power projects and planned acquisitions, despite its postponed bond issuance.PT Toba Bara Sejahtra Tbk is an Indonesia-based Company engaged in coal mining and palm oil plantation. The Company's business operations are divided into two segments: coal mining and plantation. The Company and its subsidiaries operate coal mining and palm oil plantation in Kalimantan, Indonesia. Though PT Adimitra Baratama Nusantara and PT Trisensa Mineral Utama, the Company operates coal mining with production operation mining permit in mining area in Sanga-sanga, Loa Janan, and Muara Jawa sub-districts, Kutai Kartanegara regency, East Kalimantan province. For plantation, the Company, thorough PT Perkebunan Kaltim Utama I, operates palm oil plantation and palm oil mill in East Kalimantan.
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