Logo Chandra Asri
Chandra Asri Successfully Issues 1 Trillion Rupiah Bond

26-08-2020

Chandra Asri Successfully Issues 1 Trillion Rupiah Bond

PT Chandra Asri Petrochemical Tbk, Indonesia’s largest integrated petrochemical company, successfully completed the issuance of a 1 Trillion Rupiah Bond on 26 August 2020. The issuance was 100% fully subscribed. It is the largest IDR bond issuance executed by the Company to date. This transaction marks Chandra Asri’s continued success in tapping the domestic fixed income market, as part of the company’s Shelf Offering Program III approved by the Financial Services Authority (OJK) with a 5 trillion Rupiah funding target over 2020 to 2022. The bond issuance by Chandra Asri with a rating of idAA- from Pefindo is considered to meet the very strong long-term financial commitment of debt securities, relative to other Indonesian obligors. The issuance will be used to fund Chandra Asri’s working capital as part of its Integration Master Plan, with its Methyl Tert-butyl Ether (MTBE) and Butene-1 plant growth project expected to come onstream soon in September 2020.

Read Other News
Chandra Asri Group and EGCO Group Inject Additional Capital to Chandra Asri Group’s Infrastructure Business
15-04-2025

Chandra Asri Group and EGCO Group Inject Additional Capital to Chandra Asri Group’s Infrastructure Business

Chandra Asri Group and Glencore Complete Acquisition of Shell's Interest in Singapore Energy and Chemicals Park
02-04-2025

Chandra Asri Group and Glencore Complete Acquisition of Shell's Interest in Singapore Energy and Chemicals Park

Chandra Asri Group Provides 3 Buses for Cilegon City’s Free Homecoming Program
26-03-2025

Chandra Asri Group Provides 3 Buses for Cilegon City’s Free Homecoming Program