PT Wijaya Karya (Persero) Tbk (WIKA) has successfully obtained support from bond and sukuk holders through a series of General Meetings of Bondholders (RUPO) and Sukuk Holders (RUPSU) as a strategic step for the Company’s transformation and financial restructuring. The meetings covered PUB I Phase I & II, PUB II Phase I & II, and PUB III Phase I bonds, as well as Sukuk PUB I Phase II, held on 20–22 April 2026.
The RUPO and RUPSU primarily aimed to align provisions that had previously led to technical default conditions under the bond and sukuk agreements, including adjustments to coupon payment schedules, extensions of principal maturity, and non-compliance with financial ratio covenants as stipulated in the trustee agreements.
During the meetings, bond and sukuk holders were present in quorum and approved all proposals submitted by the Company. They also agreed, in quorum, to adjustments in penalty provisions within the agreements.
President Director of WIKA, Agung Budi Waskito, stated that the outcome of the RUPO and RUPSU marks an important milestone in strengthening the Company’s fundamentals.
“The approval reflects the confidence of bond and sukuk holders in our restructuring efforts. It serves as a crucial foundation for WIKA to maintain business continuity and strengthen its financial structure going forward,” he said.
With strong support from Danantara as the majority shareholder and all security holders, the Company reaffirms its commitment to consistently execute its restructuring strategy, strengthen corporate governance, and maintain stakeholder trust. WIKA is optimistic that these efforts will form a solid foundation for performance recovery, business sustainability, and enhanced contribution to national infrastructure development.