Jakarta - PT Indah Kiat Pulp & Paper Tbk (INKP) plans to issue bonds II phase IV 2023 worth Rp1.748 trillion.

Based on the company's prospectus released on Thursday (1/12), the issuance of these bonds is part of the target to raise Rp10 trillion.

These debt securities consist of Rp1.072 trillion sustainable bonds and Rp675.510 billion mudharabah bonds.

INKP has determined that the Phase IV bond coupon ranges from 10.50-11%:  series A worth Rp909.325 billion with a coupon of 10.50% and a tenor of 3 years, and series B worth Rp163.600 billion with a coupon of 11% and a tenor of 5 years.

The company will use the proceeds from the issuance of bonds and sukuk mudharabah for working capital.

In the context of the bonds and mudharabah bonds programs, INKP has obtained ratings from Pefindo, A+ and A+(sy).

The company has entrusted underwriters for the issuance of bonds and sukuk mudharabah to Aldiracita Sekuritas Indon