Indofood CBP Sukses Makmur (ICBP.JK) Issued USD1 Billion Global Bonds

Photo: Indofood CBP Sukses Makmur 

English.investasimu.com. PT Indofood CBP Sukses Makmur Tbk (IDX: ICBP) announced that the Company had issued USD1 billion Global Bonds on 27 October 2021. The Global Bonds are denominated in US Dollars, issued outside Indonesia and USA, and listed on the Singapore Exchange Securities Trading Limited (SGX-ST). The Global Bonds consist of:

1. 2032 Global Bond with a principal amount of USD600 million, a fixed interest rate of 3.541% per annum, and a term of 10.5 years from the date of issuance; and
2. 2052 Global Bond with a principal amount of USD400 million, a fixed interest rate of 4.805% per annum, and a term of 30.5 years from the date of issuance,

The Company's Global Bonds are unsecured with special security of objects or revenues or other assets of the Company in whatsoever form and unsecured by any other party. In addition, both the Company and its Global Bonds have obtained a Baa3 rating from Moody's Investors Service and a BBB rating from Fitch Ratings.

The Company disclosed that the transaction was intended to finance the payment of the outstanding retention amount under the Pinehill Agreement of a maximum of USD650 million, which will mature at the end of April 2022, and to finance the Company's general purposes.