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20240729_TPIA_Laporan Informasi dan Fakta Material_31688557_lamp2.pdf
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Press Release
Chandra Asri Group Successfully Secures Oversubscribed
USD800 Million Sustainability-Linked Syndicated Loan
Jakarta, 29 July, 2024 – PT Chandra Asri Pacific Tbk (Chandra Asri Group) has officially
exercised the Greenshoe option under the US$600 million equivalent sustainability linked
syndicated term loan facilities (“Facilities") signed in May 2024 to upsize the Facilities to US$800
million equivalent, following a positive response from the bank market and oversubscription to the
Facilities. The Facilities provided by a number of banking partners across countries including
Indonesia, Singapore, and Thailand. This agreement marks a greater and solid support from the
banking industry, reaffirming Chandra Asri’s commitment to responsible business practices and
environment stewardship which are expected to boost Company’s overall performance.
Chandra Asri Group partnered with Oversea-Chinese Banking Corporation Limited (“OCBC”) as
advisory bank and Mandated Lead Arranger, Underwriter and Bookrunner (“MLAUB”) for the
USD800 million equivalent syndicated loan facilities, supported by esteemed financial institutions
such as: PT Bank Central Asia Tbk, PT Bank Danamon Indonesia Tbk, KASIKORNBANK
PUBLIC COMPANY LIMITED, PT Bank Permata Tbk., PT BANK HSBC INDONESIA, PT Bank
Mandiri (Persero) Tbk, and Bank ICBC Indonesia. OCBC also acted as the sole Sustainability
Coordinator in the Facilities.
The loan is designated to foster and support environmentally and socially sustainable economic
projects to support the Company’s growth, which will reinforce Chandra Asri Group's leadership
in the chemical and infrastructure sectors. Through the integration of the financial strategies with
sustainability objectives, Chandra Asri Group, as a committed growth partner, is confident to
spearhead sustainable business practices.
Andre Khor, Chief Financial Officer of Chandra Asri Group stated, “Chandra Asri Group is
pleased to collaborate with leading financial institutions across the region, and we look forward to
leveraging these funds to foster sustainable economic projects. We also thank OCBC for their
exceptional role as the advisory bank and MLAUB. Their expertise and support have been
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invaluable in helping us achieve this milestone and enabling Chandra Asri Group to advance
responsibly.”
Tan Teck Long, Head of Global Wholesale Banking of OCBC said, “We are pleased to have
supported Chandra Asri on this market-leading facility, which will enable the Group to drive its
growth in an environmentally sustainable manner. This partnership exemplifies OCBC’s
commitment to leveraging our expertise and innovative financial solutions to help our clients
achieve their ambitions and support them in their transition to a low-carbon world.”
***
About Chandra Asri Group
Chandra Asri Group is Indonesia’s leading chemical and infrastructure solutions company, supplying
products and services to various manufacturing industries in both domestic and international markets. With
a history of 31 years and over 2,200 dedicated staffs, the Company incorporates state-of-the art
technologies and supporting facilities located strategically in the country’s petrochemical and industrial
hubs, Cilegon and Serang. Chandra Asri Group operates the only Naphtha Cracker in Indonesia that
produces Olefins (Ethylene, Propylene), Polyolefins (Polyethylene, Polypropylene), Pygas and Mixed-C4,
and is the sole domestic producer of Styrene Monomer, Ethylene, Butadiene, MTBE and Butene-1, with a
new world-scale Chlor-Alkali and Ethylene Dichloride plant development on the horizon. Chandra Asri
Group’s chemicals business is supported by core infrastructure assets encompassing strategic energy,
electricity, water, jetty and tank farm facilities.
For more information, visit: www.chandra-asri.com
About OCBC
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the
oldest of which was founded in 1912. It is one of the world’s most highly -rated banks, with Aa1 by Moody’s
and AA- by both Fitch and S&P. Recognized for its financial strength and stability, OCBC is consistently
ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed
Bank in Singapore by The Asian Banker.
OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad
array of commercial banking, specialist financial and wealth management services, ranging from consumer,
corporate, investment, private and transaction banking to treasury, insurance, asset management and
stockbroking services. The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It
has close to 420 branches and representative offices in 19 countries and regions. For more information,
please visit www.ocbc.com
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For further information, you may contact: Chandra Asri Group Suryandi Chrysanthi Tarigan Director HR & Corporate Affairs Head of Corporate Communications Telp: 021- 530 5790 Telp: 021-530 7950 Email: suryandi@capcx.com Email: corporate.comm@capcx.com
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KASIKORNBANK PUBLIC COMPANY LIMITED
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Bank ICBC Indonesia. OCBC
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