Indonesia Stock Exchange Extends WIKA Share Suspension After Bond Interest Deferred
The construction state-owned firm deferred coupon payments on six bonds and sukuk due 3 November, prolonging a suspension in place since February 2025.
The Indonesia Stock Exchange extended the suspension of Wijaya Karya (WIKA) shares after the construction state-owned company deferred interest payments on six bonds and sukuk originally scheduled for 3 November 2026. The suspension has been in effect since 18 February 2025. The company carries debt of around Rp34 trillion and, together with Waskita, is on a long-term restructuring track separate from the four-way merger of other construction state-owned firms that the sovereign wealth fund Danantara targets to complete by the end of November 2026.
The merger pairs Nindya with Brantas Abipraya and ADHI with PP, creating new entities that will face system consolidation across ERP, documentation and human resources once completed. For contractors in financial distress, non-essential spending including technology budgets is typically deferred while restructuring proceeds.