INKP - Expanding business through bond issuance

INKP - Expanding business through bond issuance Approaching the end of 2023, several companies are preparing to issue bonds and sukuk ijarah. Notably, the total new bond and sukuk issuances in 2023 have already reached around IDR86 tn. Indah Kiat Pulp & Paper (INKP) is set to issue Phase I of sustainable bonds in 2023, totalling up to USD150 mn or approximately IDR2.32 tn. INKP intends to use these funds for factory expansion. (Source: Kontan)