INDUSTRY.co.id - Jakarta, PT Chandra Asri Pacific Tbk (Chandra Asri Group) (IDX: TPIA) has successfully completed its Shelf Registration Bond Program V (PUB V) with a total issuance value of IDR 6 trillion. The completion was marked by the successful issuance of PUB V Phase III amounting to IDR 2.25 trillion, which was oversubscribed, demonstrating strong investor confidence in the Group’s business fundamentals, financial discipline and long-term prospectsamid a selective funding market environment.
The strong demand for the final issuance underscores continued market confidence in Chandra Asri Group’s resilience and ability to deliver sustainable growth while maintaining prudent financial management.
Group CFO and Director of Chandra Asri Group, Andre Khor, said, "The successful completion of our PUB V program and the strong investor demand reflected in the oversubscription of the final bond issuance demonstrate investors continued confidence in Chandra Asri Group's business fundamentals and future growth trajectory. We sincerely appreciate the trust placed in us by our investors and remain committed to maintaining financialdiscipline while strengthening our operational excellence and competitiveness. This support enables us to continue executing our long-term growth strategy and contribute to the economic development of Indonesia and the broader Southeast Asia region."
The PUB V was issued in three phases, comprising Phase I amounting to IDR 1.5 trillion, Phase II amounting to IDR 2.25 trillion, and Phase III amounting to IDR 2.25 trillion, bringing the total issuance value to IDR 6 trillion. Proceeds from the bond issuance will be utilized for the Group's working capital requirements, primarily to support the procurement of production raw materials used in its operational activities. The successful completion of the program further enhanced its financial flexibility, enabling the Group to support operational needs while advancing its long-term growth strategy.
The successful completion of PUB V was supported by several leading capital market institutions. Chandra Asri Group appointed BCA Sekuritas, BNI Sekuritas, BRI Danareksa Sekuritas, DBS Vickers Sekuritas Indonesia, Henan Putihrai Sekuritas, KB Valbury Sekuritas Indonesia, Mandiri Sekuritas, Sinarmas Sekuritas, and Trimegah Sekuritas Indonesia Tbk as Joint Lead Underwriters for the transaction.
Going forward, Chandra Asri Group will continue to diversify and optimize its funding sources to support its sustainable growth, maintain financial resilience and create long-term value for all stakeholders.
