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Indah Kiat Pulp & Paper will issue bonds

02 June 2020 07:55

JAKARTA. PT Indah Kiat Pulp & Paper Tbk (INKP) will issue bonds with a principal value of Rp 1.39 trillion in 3 series. The bonds are part of INKP's Shelf Registration Bonds I phase I/2020.

The bonds have been registered at the Indonesian Central Securities Depository (KSEI). Series A bonds are offered with a principal value of Rp.495.5 billion and a fixed interest of 9% per annum and a one-year tenor, Series B is offered at Rp 883.48 billion with a fixed interest of 10.25% per annum and a 3-year tenor, and Series C bonds are offered at Rp 12.1 billion with an interest of 11% per year and a 5-year tenor.

In official information submitted to KSEI, the bond offering period was set on 29 May 29 to 2 June 2020. Interest payments will be conducted every three months.

INKP appointed 4 securities companies to be the underwriters. The four companies are PT Binaartha Sekuritas, PT Sinarmas Sekuritas, PT Sucor Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIM). (KR/AR)

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