JAKARTA - PT Chandra Asri Petrochemical Tbk continues to strengthen its capital through various funding instruments. This time, a company owned by conglomerate Prajogo Pangestu chose bonds.
The company plans to issue bonds of IDR 1.4 trillion. This bond is part of Chandra Asri's Sustainable Bond III with a target fund of IDR 5 trillion.
Previously, the company had issued three bonds with a total fund of IDR 3.6 trillion. Consisting of continuous bonds III stage I Rp1 trillion, continuous bonds III stage II Rp600 billion, and continuous bonds III stage III Rp1 trillion.
Thus, the bonds issued this time are continuous bonds III stage IV.
Citing documents submitted by Chandra Asri to the Indonesia Stock Exchange (BEI), Monday, February 14, the company's bonds issued this time are divided into three series. Among them are series A of IDR 860 billion with 7.2 percent interest with a period of 5 years or ending on March 8, 2027.
Then the Rp300 billion series B bears 8.1 percent interest with a period of 7 years or ends on March 8, 2029, and the Rp240 billion series C bears 8.8 percent interest with a tenor of 10 years or ends on March 8, 2032.
According to Chandra Asri's management, the proceeds from the bond issuance will be used to meet working capital needs.
As for launching this action, Chandra Asri has appointed PT BCA Sekuritas, PT BNI Sekuritas, PT BRI Danareksa Sekuritas, PT CIMB Niaga Sekuritas, and PT DBS Vickers Sekuritas Indonesia as underwriters for the bond issuance. Meanwhile, PT Bank Tabungan Negara (Persero) Tbk will be the trustee in the issuance of this bond.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
