Chandra Asri and KASIKORNBANK sign a US$50 million-equivalent Trade and Revolving Credit Facility

On 9 December 2020, PT Chandra Asri Petrochemical Tbk partnered with KASIKORNBANK (Kbank), one of Thailand’s leading bank and a market-leader for Trade Finance, to extend and expand a 1.6 Billion Thai Baht (US$50 million-equivalent) trade finance and committed unsecured revolving credit facility. This is the first ever offshore facility of this type extended by Kbank to a customer outside of Thailand, in recognition of the strong credit quality of Chandra Asri, and to support Indonesia’s economic and domestic industrial growth amid the challenges of the COVID-19 pandemic. By obtaining this unsecured and committed Trade Finance and Revolving Credit Facility from Kbank, which further boosts the company’s financial resilience, improves cost competitiveness and flexibility, and maintains Chandra Asri’s strong position to continue serving its customers and the domestic markets.