SINGAPORE - DBS Bank announced that it has provided a USD 60 million structured trade facility to PT Chandra Asri Petrochemical Tbk (TPIA), to support the Company’s efforts to expand export growth of petrochemical products from Indonesia.
DBS Bank has been providing Chandra Asri, its corporate customer since 2005, with a variety of banking services, such as digital banking, cash management, trade facilities, treasury, debt capital markets, and financing that focuses on the comprehensive needs of Chandra Asri.
Tan Su Shan, Head of Institutional Banking Group, DBS Bank said,"We are pleased to be able to continue our long partnership with Chandra Asri, as the leading petrochemical company in Indonesia, over many years. This uniquely structured trade finance solution gives Chandra Asri the ability to attain, scale, and diversify access to competitive financing. We look forward to continuing to work with the Company and to helping more corporations from Indonesia expand and grow internationally.”
While trade facilities are usually straightforward, DBS’ structure for Chandra Asri uniquely integrates a combination of trade products to deliver a customized solution. It meets the trading needs of the company today and provides the flexibility to Chandra Asri to upgrade the facility quickly as their export growth expands in the future. (LM)