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Nov 29, 2016 00:05:39

Chandra Asri Petrochemical ($TPIA) will increase the production capacity if its Polyethylene plant in Cilegon, Banten to 400,000 tons per year from 336,000 tons at the moment. The expansion requires a total investment of USD350m. The company will use internal cash (30%) and some loans to fund the expansion.  The company also issued Rp500bn bonds with 10%-11.5% coupon rate and will mature in 3 and 5 years.


$TPIA $BRPT

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