JAKARTA - PT Indah Kiat Pulp & Paper Tbk (INKP) will offer its Shelf Registration Bond I Phase II/2020 with a total value of Rp 1.8 trillion on 10-11 September 2020. The proceeds from the bond offering will be used to pay off loans and as working capital.
As quoted from the company's prospectus published on Monday (31/8), the bonds were issued in three series; Series A (Rp 925.60 billion with an interest rate of 9.25% per year and a tenor of 370 days), Series B (Rp 597.85 billion with an interest rate of 10.50% per year and a three-year tenor, and Series C (Rp 276.55 billion with an interest rate of 11.50% per year and a 5-year tenor.
The company appointed several parties as underwriters, including PT BCA Sekuritas, PT Binaartha Sekuritas, PT Sinarmas Sekuritas, PT Sucor Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRMS), while PT Bank Bukopin Tbk (BBKP) was appointed as trustee. INKP received an 'idA +' (Single A plus) rating from PT Pefindo for the bonds. (LK/AR)