Tower Bersama Infrastructure stock sits 51.86 percent below its 52-week high

Tower Bersama Infrastructure stock (ISIN ID1000116908) was last at IDR 1,420 on the Indonesia Stock Exchange on October 8, 2026, down IDR 5, or 0.35 percent, from the prior close of IDR 1,425. The quote sits 51.86 percent below the IDR 2,950 52-week high and 16.39 percent above the IDR 1,220 low, giving investors a clear measure of the stock's position within its annual range.

Debt refinancing sets the calendar

TBIG's most visible near-term corporate event is a planned IDR 2.37 trillion issuance of sustainable bonds and ijarah sukuk. According to Bisnis.com on September 30, 2026, the offering comprises IDR 1.24 trillion of bonds and IDR 1.12 trillion of sukuk.

The proceeds are earmarked for refinancing. The same prospectus coverage states that IDR 1.94 trillion will repay part of a UOB facility, while IDR 408.89 billion will be allocated to a Bank Mizuho facility. The structure therefore addresses upcoming debt maturities rather than funding an acquisition or a new operating expansion.

Rating supports refinancing access

According to Kontan on September 30, 2026, Fitch Ratings Indonesia assigned an AA+(idn) national rating to the bonds and sukuk, matching TBIG's issuer rating. Fitch also projected EBITDA net leverage at 5.0 times in 2026 and 2027, compared with 4.9 times in 2025.

Fitch cited contracted revenue of IDR 36.4 trillion at the end of June 2026, up from IDR 35.7 trillion at the end of 2025. It also projected an EBITDA margin near 85 percent for 2026 and 2027, against 85.8 percent in 2025, while identifying higher tower tenant churn after the XLSMART merger as a pressure point.

Stock remains below its yearly peak

TBIG's market capitalization was IDR 32.1 trillion on October 8, 2026, with 23,700 shares traded in the quoted session. The IDR 1,420 price was IDR 1,530 below the 52-week high, while the session range ran from IDR 1,415 to IDR 1,430.

The financing timetable gives the stock a concrete checkpoint. The public offering is scheduled for October 9 and October 12, 2026, allocation for October 13, electronic distribution for October 15, and IDX listing for October 16, 2026, according to Bisnis.com. For investors, the key link between the debt event and the equity story is whether refinancing preserves cash-flow flexibility while leverage remains near the stated 5.0 times level.

IDR 1,420 quote on October 8

TBIG was last at IDR 1,420 on the Indonesia Stock Exchange at 11:52 a.m. WIB on October 8, 2026. Its market value was IDR 32.1 trillion on that date.

Upcoming dates for Tower Bersama Infrastructure stock

• October 9, 2026: Bond and sukuk public offering
• October 12, 2026: Bond and sukuk public offering
• October 13, 2026: Allocation date
• October 16, 2026: IDX listing of the instruments

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