Jakarta - PT Chandra Asri Petrochemical Tbk (TPIA) offers coupons for sustainable bonds III phase IV in 2021, ranging from 7.20-9.00%.

The brief prospectus published on Tuesday (12/10) said the principal amount of the bonds offered in Phase IV is Rp1 trillion, which is part of the bond sale program III with the target for obtaining funds of Rp5 trillion.

The company plans to use the proceeds from the bond issuance for working capital purposes.

The series IV bonds include series A worth Rp266.950 billion with a coupon of 7.20% and a tenor of 5 years, series B worth Rp581.5 billion with a tenor of 8.20% and a tenor of 7 years, and series C of Rp151,550 billion with a coupon of 9 % period of 10 years.

To issue this sustainable bond, the company has obtained a rating from Pefindo, namely 'AA-'.

The implementing underwriters for the bonds issuance and the underwriters for the bonds were entrusted to PT BCA Sekuritas, PT BNI Sekuri