JAKARTA, June 18 (Reuters): Flag carrier Garuda Indonesia said it could not distribute coupon payments for its US$500 million sukuk after a 14-day grace period, with the airline's finances still significantly impacted by the coronavirus pandemic.
"Under these circumstances, and in order to ensure the company emerges from the pandemic as a strong and healthy airline, the company announced today that it has reluctantly concluded that it must continue to defer the payment," the airline said in a statement.
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