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20240313_TPIA_Laporan Informasi dan Fakta Material_31596007_lamp2.pdf
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Press Release
Chandra Asri Group Successfully Launches
1.5 Trillion Rupiah Bond Offering in 2024
Oversubscribed with strong participation interest across retail, banking and institutional investors
Three series issued, with tenor of 3, 5 and 7 years to fund working capital for growth
Ongoing progress of Company’s IDR Bond Shelf Program IV to support expansion of domestic
capital market
Jakarta, March 13 2024 – PT Chandra Asri Pacific Tbk (Chandra Asri Group), the leading chemical and
infrastructure solutions company in Indonesia, have successfully completed its first Rupiah Bond issuance
in 2024 with strong investor support.
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.
The Phase IV 2024 successfully recorded another oversubscription which 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.
Andre Khor, Chief Financial Officer of Chandra Asri Group states, “We are pleased to complete another
round of our IDR bond program successfully with the strong support of our loyal investors and joint-lead
underwriters. This is a strong manifestation of the high confidence of domestic investors in the Company’s
performance and financial strength. We are also delighted that our Bond program offers credible choices to
investors who seek to improve their returns, balanced with a holistic focus on maintaining high
environmental, social and governance standards.”
Underwriters of the latest Phase IV issuance are PT BCA Sekuritas, PT BNI Sekuritas, PT DBS Vickers
Sekuritas Indonesia, PT KB Valbury Sekuritas, PT RHB Sekuritas Indonesia, PT Sucor Sekuritas, and PT UOB
Kay Hian Sekuritas. PT Bank Tabungan Negara Tbk (Persero) acted as the Trustee.
The issuance was again rated idAA- from Pefindo, the oldest and the most trusted credit rating agency in
Indonesia. Pefindo has assessed that Chandra Asri Group capacity to meet its long-term financial
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commitments on the debt security, relative to other Indonesian obligors, is very strong. The issuance will
be used to fund Chandra Asri Group working capital as the Company prepares for sustainable growth to
meet the requirements of the domestic Indonesian market.
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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
staff, it 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), Py-Gas 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 – 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, please contact:
Chandra Asri Group
Suryandi Chrysanthi Tarigan
Director of HR & Corporate Affairs Head of Corporate Communications
Phone: 021-530 7950 Phone: 021-530 7950
E-mail: suryandi@capcx.com E-mail: corporate.comm@capcx.com
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Financial Services Authority
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PT DBS Vickers Sekuritas Indonesia
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PT RHB Sekuritas Indonesia
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PT Sucor Sekuritas
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PT UOB Kay Hian Sekuritas.
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