Chandra Asri Completes Its 3rd IDR Bond Shelf Program of IDR 5 Trillion (US$350 million) with Oversubscription

Chandra Asri have successfully completed its 3rd IDR bond program with overwhelming oversubscription. Phase I in 2020 was closed with a value of IDR 1 trillion, followed by Phase II in 2020 of IDR 600 billion, Phase III in 2021 of IDR 1 trillion, Phase IV in 2021 of IDR 1 trillion, and the final Phase V in 2022 of IDR 1.4 trillion. The final Phase V 2022 issuance recorded the biggest ever order book and oversubscription order of IDR2.5 trillion (~US$178mln), with a new record of largest single-tranche issuance for Chandra Asri of IDR1.4 trillion (~US$100mln). It also recorded one of the longest tenors for a private industrial company, with up to 10 years bullet repayment, at competitive and compelling terms. Chandra Asri will seek to grow its IDR Bond Shelf Program and will launch a new shelf in 2022 to provide investors with continuous opportunities to participate in the growth and expansion of the Company.