INKP Offers Two Series Of Sustainable Bonds Of Up To 150 Million US Dollars

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JAKARTA - PT Indah Kiat Pulp & Paper Tbk (INKP) offers sustainable bonds for phase I in 2023. The principal amount is a maximum of 150 million United States (US) dollars.

The bonds consist of two series, namely series A with a period of three years and series B with a period of five years.

Quoting Antara, Monday, September 18, the initial offering period schedule will be held from 18 to 22 September 2023, with an estimated public offering period from 3 to 6 October 2023, as well as a planned listing on the IDX on 12 October 2023.

Meanwhile, the funds obtained from the bond issuance after deducting costs, amounting to 75 percent will be used for financing, part of the purchase of equity purchased by the company for factory purposes and the rest for financing part of civil work.

The company's bonds have won idA+ ratings from Pefindo and idAA from Indonesia's Credit Rating.

In addition, through PT Kustodian Sentral Efek Indonesia (KSEI), the company has also paid off Shelf-Registered Bonds I Indah Kiat Pulp & Paper Phase I Year 2020 Series B ( Bonds) on September 15, 2023.

The Company has paid off the principal of Shelf-Registered Bonds I Indah Kiat Pulp & Paper Phase I of 2020 Series B ( Bonds) in the amount of Rp597.85 billion.

"We hereby inform you that the company through PT KSEI has paid off the principal of the Sustainable Bonds I Indah Kiat Pulp & Paper Phase I 2020 Series B," said Director and Corporate Secretary Heri Santoso.

Heri said there was no impact on the incident, information or material facts on the company's operational, legal, financial condition, or business continuity of the company's issuers.