Jakarta - PT Indah Kiat Pulp & Paper Tbk (INKP) has set the coupon for sustainable bonds III phase II 2022 at around 6–10.25%.

Based on the company's prospectus issued on Monday (9/26), the number of bonds offered in the second phase is Rp2.814 trillion. It is part of the sustainable bond sale III program with a target of obtaining funds of Rp7 trillion.

The company offers the second tranche of bonds in three series. Series A, worth Rp904,510 billion, has a coupon of 6% and a tenor of 370 days. Series B is worth Rp1.603 trillion with a 9.75% coupon and a tenor of 3 years, and Series C is worth Rp306,215 billion with a coupon of 10.25% and a tenor of 5 years.

In addition to issuing bonds, INKP also issues sustainable Sukuk mudharabah II phase II in 2022, amounting to Rp1.005 trillion.

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

In the context of PUB bonds and Suk