Facilitating Domestic Petrochemical Industry Growth, OCBC NISP and Chandra Asri Sign US$100 Million Loan Facility

Bank OCBC NISP has partnered with PT Chandra Asri Petrochemical Tbk (Chandra Asri) to complete a US$100 million 10-year term loan facility. This loan facility is OCBC NISP's commitment in facilitating the growth of the Indonesian petrochemical industry business as well as maintaining Chandra Asri's position as the largest integrated petrochemical producer in Indonesia. Chandra Asri is excited and open to partner for a long term with OCBC NISP which is a leading financial institution in providing comprehensive banking solutions for its customers. This strategic cooperation is a good start for both parties in reducing Indonesia's dependence on imports, develop the local petrochemical downstream industry, support the government's vision for Industry 4.0, and create a long term, high-value career.