INKP – To issue IDR5.05 tn bonds

INKP – To issue IDR5.05 tn bonds Indah Kiat Pulp and Paper (INKP) will issue Sustainable Bonds V Phase V Year 2025 worth IDR5.05 tn as part of the Sustainable Bond Offering V with a total value of IDR14 tn. Of this, IDR3.95 tn will be raised through rupiah-denominated bonds. These consist of Series A worth IDR849.54 bn with a 9% coupon and a 3-year tenor, and Series B worth IDR3.1 tn with a 9.5% coupon and a 5-year tenor. INKP will use the proceeds for debt repayment and working capital. In addition, USD-denominated bonds under Sustainable USD Bonds II Phase IV Year 2025 will be issued with a principal value of USD12.52 mn. These consist of Series A worth USD5.82 mn with a 5.5% coupon and a 1-year tenor, Series B worth USD2.64 mn with a 6.75% coupon and a 3-year tenor, and Series C worth USD4.06 mn with a 7.75% coupon and a 5-year tenor. (Source : Bisnis Indonesia)