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Nov 15, 2016 23:53:05

Chandra Asri ($TPIA) to issue IDR500b bonds

PT Chandra Asri Petrochemical ($TPIA) plans to issue IDR500b bonds that would be mostly use for refinancing. On separate note, the TPI is currently finalizing its plan to build polyethylene plant in Cilegon, Banten with estimated investment value of USD400m and ground-breaking plan in early 2018.

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