Photo: Indofood CBP Sukses Makmur
Investasimu.com. PT Indofood CBP Sukses Makmur Tbk. (ICBP.JK) announces that the Company is planning to issue global bonds denominated in USD and to be offered to investors outside Indonesia. The issuance of the bonds was intended to pay off the retention amount due to the acquisition of Pinehill Company Limited and for the Company's general needs.
Based on the information released by the Company on 10/18, the Company has appointed joint bookrunners such as Deutsche Bank AG Singapore Branch, UBS AG Singapore Branch, BNI Securities Pte Ltd, DBS Bank Ltd, Mandiri Securities Pte Ltd, Mizuho Securities (Singapore) Pte Ltd, Natixis Singapore Branch, Oversea-Chinese Banking Corporation Limited, and SMBC Nikko Capital Markets Limited. The Company also stated that it has been rated Baa3 and BBB- by Moodys and Fitch.
Previously, in June 2021, the Company had listed its USD1.75 billion global bonds on the Singapore Stock Exchange (SGX) in two phases. The first bond worth of USD1.15 billion was issued with a tenor of 10 years and offered an interest rate of 3.39%. Meanwhile, the remaining amount of USD600 million was issued with a 30-year tenor and an interest rate of 4.47%.
For information, the Company acquired Pinehill on 27 August 2020 for the amount of USD2.99 billion. Pinehill produces and distributes Indomie, the Company's famously instant noodle brand, to Middle East and Africa with a sales volume of 7.4 billion packs a year.
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