Launch Partners

Tuesday, June 18, 2024

Launch Partners

Indah Kiat Pulp & Paper plans sustainable Sukuk Mudarabah offering to support business activities and working capital among others

INDONESIA: Indah Kiat Pulp & Paper (INKP) is planning to raise IDR3 trillion (US$199.96 million) through Sukuk and bonds, with the intention of issuing IDR1 trillion (US$66.65 million) this year through a sustainable Sukuk Mudarabah offering, reported Kontan. The Sukuk will comprise three series — one-year, three-year and five-year series. Proceeds will be used to support business activities, meet existing debt obligations as well as for working capital purposes. 

Related Articles


Please enter your comment!
Please enter your name here