Supporting Chandra Asri’s Export Growth, DBS Bank Provides US$60 Million Structured Trade Facility

On 22 February 2021, PT Chandra Asri Petrochemical Tbk received a US$60 million structured trade facility from DBS Bank. This trade facility is given to Chandra Asri’s subsidiary, Chandra Asri Trading Company Pte. Ltd. (CATCO), to expand export growth of petrochemical products from Indonesia. While trade facilities are usually straightforward, DBS Bank’s structured trade facility integrates a combination of trade products to deliver a customized solution. It meets the trading needs of the company today and provides the flexibility to Chandra Asri to upgrade the facility quickly as their export growth expands in the future.