JAKARTA. PT Chandra Asri Pacific Tbk (TPIA), a petrochemical company owned by Prajogo Pangestu, is said to issue its Shelf-Registration Bonds IV Phase IV Year 2024 with a total principal of IDR 1.5 trillion.

The bonds are a part of the Public Offering of Shelf-Registration Bonds of IV of TPIA with a total target of proceeds of IDR 8 trillion. Prior to this, TPIA has issued Bonds Phase I worth IDR 2 trillion, Phase II of IDR 1.25 trillion, and Phase III of IDR 1 trillion.

In the issued prospectus, TPIA is set to offer Bonds Phase IV Year 2024 in 3 series. Series A is offered for IDR 542.37 billion, series B IDR 416.8 billion, and series C IDR 540.82 billion. The coupons offered for those series are 7.95% per annum (p.a.), 8.25% p.a., and 8.75% p.a., respectively.

PTPIA managed to secure an “idAA-“ from Pefindo, a local rating agency for these upcoming bonds. The funds raised by TPIA in this bonds’ issuance will then be allocated to working capital needs, including raw materials and covering operational expenses.

Several parties listed as the joint lead underwriters of TPIA’s bonds’ issuance include PT BCA Sekuritas, PT BNI Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT KB Valbury Sekuritas, PT RHB Sekuritas Indoneisa, PT Sucor Sekuritas, and PT UOB Kay Hian Sekuritas. Meanwhile, PT Bank Tabungan Negara (Persero) Tbk (BBTN) will be the trustee. (KR/ZH)