INKP - Around IDR4 tn bonds issuance

INKP - Around IDR4 tn bonds issuance Indah Kiat Pulp & Paper (INKP) is set to issue debt instruments totaling IDR4.09 tn in mid-November 2023. This includes IDR3 tn of Sustainable Bonds IV Phase III-2023 and up to IDR1.09 tn of Mudharabah Sustainable Sukuk III Phase III-2023. The public offering is scheduled for November 15-16, 2023, with allocation on November 17, 2023, electronic distribution on November 21, 2023, and listing on the Indonesia Stock Exchange (BEI) on November 22, 2023. Additionally, INKP is planning a significant USD3.63 bn or IDR57 tn investment to construct an industrial paper mill and related facilities in Karawang, West Java. This expansion was approved during RUPSLB on May. (Source: Investor Daily)