Jakarta - PT Indah Kiat Pulp & Paper Tbk (INKP) plans to issue sustainable bonds II phase II in 2021 worth Rp2.011 trillion and sukuk mudharabah phase II in 2021, amounting to Rp738,810 billion.

The brief prospectus published Thursday (18/11), the issuance of bonds and sukuk phase II is part of the sustainable bonds II program with a target of raising funds to reach Rp7 trillion. And the sustainable sukuk mudharabah I program with a target of raising funds of Rp3 trillion.

In phase II, the company offers the bonds in three series. Series A, Rp796.810 billion bonds with a 6% coupon and a tenor of 370 days. Series B,  Rp876.810 billion with a coupon of 8.75%, and a tenor of 3 years. Series C,  Rp335.338 billion bonds with a coupon of 9.25% and a tenor of 5 years.

Meanwhile, the A series mudharabah sukuk has a ratio of 17.08%, with an offer value of Rp187.195 billion, series B has a ratio of 24.90% with a value of Rp304.525 billion, and