One of Asia Pulp & Paper (APP) Sinar Mas’ business unit, PT Lontar Papyrus Pulp & Paper Industry (Lontar Papyrus) held a public expose and due diligence meeting. This was a part of its public offering of bonds with potential investors.
As part of Sustainable Public Offering, the company secured the Lontar Papyrus Pulp & Paper Sustainable Bonds I Phase 1 of 2021 Stage 1 by the amount of Rp 1,5 trillion. This fund targeted a total value of Rp 6 trillion divided into three series; series A (370 days), series B (three years), and series C (five years).
“PT Lontar Papyrus Pulp & Paper Industry raise the funds from capital market by issuing bonds. Our public expose and due diligence meeting today are proof of our commitment, Lontar Papyrus to keep innovating especially during this COVID-19 pandemic,” said Kurniawan Yuwono as the CFO of Pulp and Paper PT Papyrus Pulp & Paper Industry.
This bond offering event was attended by the capital markets and guaranteed by a joint lead underwriter from several well-known Indonesia’s securities companies, namely BCA Sekuritas, Indo Premier Sekuritas, Sinar Mas Sekuritas, Sucor Sekuritas, and Trimegah Sekuritas.
