Jakarta - PT Chandra Asri Petrochemical Tbk (TPIA) plans to issue sustainable bonds III phase V in 2022 worth Rp1.4 trillion.

Based on the company's prospectus released on Tuesday (15/2), these bonds are part of TPIA's Sustainable Public Offering III sustainable bonds program with a target of obtaining funds totaling Rp5 trillion.

At this stage V, the bonds consist of three series, namely series A worth Rp860 billion with a coupon of 7.20% and a tenor of 5 years, series B worth Rp300 billion with a coupon of 8.10% and a tenor of 7 years, and series C worth Rp240 billion with a coupon of 8.8% and a tenor of 10 years.

The company will use the proceeds from the bond issuance entirely for working capital purposes.

To issue bonds, the company has received a rating from Pefindo, namely 'AA-'.

The underwriters for the issuance of bonds are entrusted to BCA Sekuritas, BNI Sekuritas, BRI Danareksa Sekuritas, CIMB Niaga Sekurit