JAKARTA. PT Indah Kiat Pulp & Paper Tbk (INKP), a pulp & paper company under Sinarmas Group, issues it's Shelf-Registration Bonds IV Phase III Year 2023 and Shelf-Registration Sukuk Mudharabah III Phase III Year 2023. 

The bonds phase III are offered with a total principal of IDR 3 trillion, while the sukuk mudharabah phase III has a total principal of IDR 1.09 trillion.

INKP will issue these bonds in three series, equipped with coupons ranging from 6.75% to 10.75% per annum. Meanwhile, for sukuk issuance, the company offers along 3 series with profit-sharing yield of equivalent of 6.75%-10.75%.

INKP has secured an "idA+" rating from Pemeringkat Efek Indonesia (Pefindo), a local rating agency, for these upcoming bonds. Meanwhile, the rating for the upcoming sukuk is "idA+(sy)."

The public offering of bonds of INKP is set to November 15-16, 2023, followed by bonds and sukuk distribution on November 21, 2023, and listing on Indonesia Stock Exchange (IDX) on November 22, 2023. (KR/ZH)