Garuda Indonesia to seek three-year maturity extension for $500m Islamic bonds

Garuda Indonesia to seek three-year maturity extension for $500m Islamic bonds

Workers clean the body of a Garuda Indonesia Airbus A320 aircraft inside Hangar 4 of PT Garuda Maintenance Facility (GMF) Aero Asia at Soekarno-Hatta airport in Jakarta.

Airline PT Garuda Indonesia is preparing to propose a 3-year maturity extension to its $500 million Islamic bonds that are coming due on June 3, the company said in a statement late on Tuesday.

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