JAKARTA – Until December 2022, PT Chandra Asri Petrochemical Tbk (TPIA) had realised the entire proceeds from the previous issuance of bonds worth IDR 1.98 trillion for its working capital.

Suryandi, Director of TPIA, confirmed that his company had realised the net proceeds of the rights issue as previously planned. “After deducting emission fees, costs, and expenses, the entire proceeds will be used as working capital,” he stated earlier today (10/1).

The realisation of bonds issuance proceeds clocked up to IDR 14.13 billion, equivalent to 0.7067% of the proceeds of the issuance of the Shelf-Registration Bonds IV of TPIA Phase I Year 2022 worth IDR 2 trillion. This corporate action took place on July 29, 2022.

The Shelf-Registration Bonds IV of TPIA Phase I was issued in three series, comprising series A of IDR 1.42 trillion, series B of IDR 347 billion, and series C of IDR 226.5 billion. (LK/ZH)