Prajogo Pangestu's Chandra Asri (TPIA) Issues Rp6 Trillion in Bonds

Jakarta, CNBC Indonesia - Prajogo Pangestu’s company, PT Chandra Asri Pacific Tbk (TPIA), has successfully completed its Shelf Registration Bond Programme V (PUB V) with a total issuance value of Rp6 trillion. The completion of the programme was marked by the successful issuance of PUB V Phase III worth Rp2.25 trillion.

Chandra Asri Group CFO and Director, Andre Khor, stated that the final phase of the issuance received appreciation from investors. "This support enables us to continue executing our long-term growth strategy and contribute to the economic development of Indonesia and the Southeast Asian region," he said, citing information disclosed to the Indonesia Stock Exchange (BEI) on Thursday (25/6/2026).

PUB V was issued in three phases, consisting of Phase I worth Rp1.5 trillion, Phase II worth Rp2.25 trillion, and Phase III worth Rp2.25 trillion, bringing the total issuance value to Rp6 trillion.

The funds obtained from the bond issuance will be used for the Group’s working capital needs, primarily to support the procurement of raw materials used in operational activities.

In this transaction, the 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.

Going forward, the Chandra Asri Group will continue to diversify and optimise its funding sources to support sustainable growth, maintain financial resilience, and create long-term value for all stakeholders.