Chandra Asri Group Successfully Launches 1.5 T Rupiah Bond Offering in 2024

Chandra Asri Group have successfully completed its first Rupiah Bond issuance and was noted to be oversubscribed. In this phase, the company offered Rupiah-denominated coupons of 7.95% for the 3-year series A of IDR542.38 billion, 8.25% for the 5-year series B of IDR416.80 billion, and 8.75% for the 7-year series C of IDR540.82 billion. This transaction marks Chandra Asri Group continuous success in tapping the domestic fixed income market, as part of the Company’s Shelf Program IV approved by the Financial Services Authority (OJK), with an aggregate IDR8 trillion funding capacity between 2022 and 2024.

 To date, Chandra Asri Group had successfully executed four tranches of its 4th Shelf Program. Phase I in 2022 was closed with a value of IDR2 trillion, followed by Phase II in 2023 of IDR1.25 trillion, Phase III in 2023 of IDR1 trillion, and the latest Phase IV issuance in 2024 of IDR1.5 trillion.