PT CHANDRA ASRI PACIFIC TBK Chandra Asri have successfully completed its 3rd IDR bond program with overwhelming oversubscription. Phase I in 2020 was closed with a value of IDR 1 trillion, followed by Phase II in 2020 of IDR 600 billion, Phase III in 2021 of IDR 1 trillion, Phase IV in 2021 of IDR 1 trillion, and the final Phase V in 2022 of IDR 1.4 trillion.
The final Phase V 2022 issuance recorded the biggest ever order book and oversubscription order of IDR2.5 trillion (~US$178mln), with a new record of largest single-tranche issuance for Chandra Asri of IDR1.4 trillion (~US$100mln). It also recorded one of the longest tenors for a private industrial company, with up to 10 years bullet repayment, at competitive and compelling terms. Chandra Asri will seek to grow its IDR Bond Shelf Program and will launch a new shelf in 2022 to provide investors with continuous opportunities to participate in the growth and expansion of the Company.
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PT Chandra Asri Petrochemical Tbk published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 08:25:08 UTC.
