The Indonesia Stock Exchange has decided to temporarily suspend trading (suspension) of PT Garuda Indonesia  Tbk shares in all markets, starting from series I on Friday (18/6).

The IDX suspended the shares because the company had postponed the payment of the periodic distribution of sukuk, which is due on June 3, 201, and the payment has been extended by using the right of grace period for 14 days.

Thus, the maturity date is on June 17, 2021. Meanwhile, the amount of sukuk coupons is US$500 million.

"This indicates that there is a problem with the company's business continuity," said Vera Florida, Head of IDX's Corporate Valuation Division 2, in information disclosure on the IDX in Jakarta.

With this suspension, the Exchange asks interested parties to always pay attention to disclosing information submitted by the company.