INKP - To issue bonds, sukuk

Indah Kiat Pulp & Paper (INKP) seeks fresh funds of IDR1.75 tn through the issuance of Shelf-Registration Bonds III Phase IV Year 2023 and Shelf-Registration Sukuk Mudharabah II Phase IV Year 2023 that is targeted at IDR1.07 tn and IDR675 bn from bonds. The coupon offered begins at 10.50% per year to 11% per year. As for the sukuk mudharabah, the yield rate is set to 18.93% to 29.7% of the sukuk mudharabah’s profit-sharing income. The bonds and sukuk of INKP will be offered from January 20 to 24, 2023. (Source : IDN Financials)