PT Chandra Asri Petrochemical Tbk (TPIA) has completed the company's first Sustainable Public Offering of Rupiah Bonds in 2021.

This is the first publication after Chandra Asri announced its success in controlling its business during the Covid-19 pandemic smoothly to provide solid financial performance and maintain a solid balance sheet.

TPIA reported a net profit after tax of US$51.5 million for FY 2020 and US$85 million in the first quarter of 2021.

This issue is directed at a longer tenor to better suit the company's long-term growth plan, with a coupon in Rupiah currency of 7.8% for series A with a three-year tenor of Rp50 billion, 8.5% for series B with a five year tenor of Rp50 billion. Rp587.95 billion, and 9.0% for series C with a 7-year tenor, valued at Rp362.05 billion.

PT BCA Sekuritas, PT DBS Vickers Sekuritas Indonesia, and PT Bahana Sekuritas supported TPIA in the success of the offering, with PT Bank Tabungan Negara Tbk