Paper Company Owned By Conglomerate Eka Tjipta Widjaja Issues IDR 1.98 Trillion Bonds And IDR 1.26 Trillion Sukuk, See Details!

JAKARTA - Eka Tjipta Widjaja's Sinarmas Group paper company PT Indah Kiat Pulp & Paper Tbk (INKP) officially listed the Indah Kiat Pulp & Paper Phase III Shelf-Registered Bonds II in 2022 and the Shelf-Registered Sukuk Mudharabah I Indah Kiat Pulp & Paper Phase III Years 2022 on the Indonesia Stock Exchange (IDX).

The Company issued Shelf-Registered Bonds II phase III in 2022 series A, B, and C with a total value of IDR 1.98 trillion, and Shelf-Registered Sukuk Mudharabah I phase III in 2022 worth IDR 1.26 trillion.

The rating result from PT Pemeringkat Efek Indonesia for Bonds and Sukuk is idA+ (Single A Plus) idA+(sy) (Single A Plus Syariah). The Company appointed PT Bank KB Bukopin Tbk (BBKP) to act as the Trustee for this issuance.

Citing information disclosure on the Indonesia Stock Exchange website, Monday 1 March, the following are details of INKP's bonds and sukuk:

Bond

- Sustainable Bonds II Indah Kiat Pulp & Paper Phase III 2022 Series A (INKP02ACN3) are listed with a nominal value of IDR 707,975,000,000.00 with an interest rate of 6 percent, a period of 370 days from the issuance date;

- Sustainable Bonds II Indah Kiat Pulp & Paper Phase III 2022 Series B (INKP02BCN3) which will be listed with a nominal value of IDR 1,076,520,000,000.00 with an interest rate of 8.75 percent, a period of 3 years from the issuance date;

- Sustainable Bonds II Indah Kiat Pulp & Paper Phase III 2022 Series C (INKP02CCN3) which will be listed with a nominal value of IDR 203.550.000.000,00 with an interest rate of 9.25 percent, a period of 5 years from

Sukuk

- Sustainable Sukuk Mudharabah I Indah Kiat Pulp & Paper Phase III 2022 Series A (SMINKP01ACN3) which will be listed with a nominal value of IDR

- Sustainable Sukuk Mudharabah I Indah Kiat Pulp & Paper Phase III 2022 Series B (SMINKP01BCN3) which will be listed with a nominal value of IDR ;

- Sustainable Sukuk Mudharabah I Indah Kiat Pulp & Paper Phase III 2022 Series C (SMINKP01CCN3) which will be listed with a nominal value of IDR 108.020.000.000,00 with an indication rate of 9.25 percent profit sharing, 5 years from the issuance date.