Chandra Asri (TPIA) to Issue Bonds Worth IDR 1.5 Trillion

CORPORATE ACTION - JAKARTA. PT Chandra Asri Pacific Tbk (TPIA) will issue new bonds. This petrochemical producer issuer will issue the Continuous Bond IV Chandra Asri Pacific Phase IV 2024 with a principal bond amount of IDR 1.5 trillion.

The bonds will be issued in 3 series. First, series A with a principal bond amount offered of IDR 542.37 billion, with a fixed interest rate of 7.95% per year. This bond has a term of 3 years.

Second, Series B bonds with a principal amount offered of IDR 416.80 billion with a fixed interest rate of 8.25% and has a tenor of 5 years from the date of issuance.

Third, Series C with a principal bond amount of IDR 540.82 billion with a fixed interest rate of 8.75% per year, and has a tenor of 7 years.

The net funds obtained from the results of this Bond will be used entirely by TPIA for working capital needs, including the purchase of raw materials for production and operational costs for business activities.

This bond has received a rating of idAA- (Double A Minus) from PT Pemeringkat Efek Indonesia (Pefindo).

The parties acting as the bond issuance executor and bond issuance guarantor are PT BCA Sekuritas, PT BNI Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT KB Valbury Sekuritas, PT RHB Sekuritas Indonesia, PT Sucor Sekuritas, and PT UOB Kay Hian Sekuritas.

Here is the schedule for the issuance of TPIA bonds:

Estimated Public Offering Period: February 27, 2024
Estimated Allotment Date: February 28, 2024
Estimated Date of Return of Subscription Money: March 1, 2024
Estimated Date of Electronic Distribution of Bonds (Issue Date): March 1, 2024
Estimated Listing Date on the Indonesia Stock Exchange: March 4, 2024

Just so you know, this bond is part of the continuous public offering of the Continuous Bond IV Chandra Asri Petrochemical with a target fund to be raised up to IDR 8 trillion.

Previously, the Continuous Bond IV Chandra Asri Petrochemical Phase I 2022 with a principal bond amount of IDR 2 trillion, the Continuous Bond IV Chandra Asri Petrochemical Phase II 2023 with a principal bond amount of IDR 1.25 trillion, and the Continuous Bond IV Chandra Asri Petrochemical Phase III 2023 with a principal bond amount of IDR 1 trillion