Project description

The Indah Kiat Pulp & Paper Sustainable Sukuk II Phase IV RP106.885 Billion 07-Feb-2024 is a Sukuk issuance by Indah Kiat Pulp & Paper Tbk, an Indonesian pulp and paper company.

Investors who purchase this Sukuk issuance will receive a fixed annual return of 8.25% until the maturity date, at which point they will receive their principal investment back. The Sustainable Sukuk structure provides investors with the assurance that the proceeds from the Sukuk will be used for environmentally and socially responsible projects.

Overall, the Indah Kiat Pulp & Paper Sustainable Sukuk II Phase IV RP106.885 Billion 07-Feb-2024 is a Sukuk issuance that provides investors with a fixed income stream while supporting Indah Kiat Pulp & Paper's sustainable development initiatives.

$750.000.000

Target

8%

Expected return

31 Mei 2023

End Project

4%

$720.000.000

Available for investment

$30.000.000

Already funded

Type of Sukuk
Sustainable Sukuk, which are structured in a way that involves the issuer using the proceeds from the Sukuk to fund environmentally and socially responsible projects.
Credit Rating
The Sukuk issuance has been rated idAAA by PT Pemeringkat Efek Indonesia, indicating a high credit quality and low credit risk.
Start date
01 April 2023
End date
31 Mei 2023
Location
Abu Dhabi
Objective
The Sukuk issuance will be used to finance Indah Kiat Pulp & Paper's sustainable development ini8a8ves, including improving energy efficiency and reducing greenhouse gas emissions.

Project gallery

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Minimal Investment $100.000

Project Transaction

Date Total Dividen Payment Status
02 April 2023 $30.000.000 5% BANK BNI Paid

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