Jakarta. Chandra Asri Pacific (TPIA) has completed its Sustainable Bond V (PUB V) program with total issuance reaching Rp 6 trillion ($335.6 million), marking another positive milestone in the capital market. The final tranche, worth Rp 2.25 trillion, was oversubscribed, reflecting strong investor interest and confidence in the company's fundamentals and growth prospects.

Andre Khor, Group Chief Financial Officer and Director of Chandra Asri Group, said the successful completion of PUB V demonstrates investors' confidence in the company's performance, business strategy, and disciplined financial management.

"The successful completion of PUB V reflects investors' confidence in our performance, business strategy, and disciplined financial management," Andre said.

He added that the strong investor support provides an important foundation for the company to strengthen its operations, maintain financial resilience, and execute its long-term growth strategy.

Beyond the bond market, TPIA has also enhanced its investment appeal by increasing its public shareholding (free float) to around 25.7 percent. The higher free float is expected to improve stock liquidity and broaden opportunities to attract institutional investors, including global funds.

Nafan Aji Gusta, Senior Investment Information at Mirae Asset Sekuritas Indonesia, said the increase in free float sends a positive signal to the market, making TPIA shares more actively traded and better aligned with institutional investment criteria.

According to Nafan, institutional investors, including pension funds, asset managers, and global funds, generally consider a company's free float as one of the key factors in their investment decisions.

With a stronger free float position, TPIA is seen as having greater potential to attract substantial institutional capital. The increase also supports the company's eligibility in global indices such as MSCI and FTSE, where a higher weighting could drive additional inflows from passive investment funds.

Previously, the Indonesia Stock Exchange (IDX) upgraded TPIA from the Development Board to the Main Board, further strengthening the company's position in the domestic capital market.

Chandra Asri Group President Director and Chief Executive Officer Erwin Ciputra said the achievement reflects the company's commitment to strengthening its business fundamentals, improving corporate governance, and sustaining long-term growth.

Looking ahead, Chandra Asri Group will continue to focus on enhancing operational performance, strengthening competitiveness, and expanding its energy, chemicals, and infrastructure businesses to create long-term value for shareholders and stakeholders.

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