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Paradise Indonesia's INPP Bond Issuance Exceeds Expectations

Indonesian Paradise Property Tbk (INPP:IJ), a company involved in hospitality, commercial activities, and property sales, has launched its Indonesian Paradise Property Bond I for 2025. The bond was oversubscribed, nearly doubling the demand by the end of the bookbuilding period.

This reflects investor confidence in INPP's growth potential, supported by solid cash flow from its stable recurring revenue, a strong market position with quality assets, an excellent hotel brand network, and a proven track record of completing medium-scale projects in key locations across Indonesia.

The public offering for the Indonesian Paradise Property Bond I, valued at Rp500 billion, is a strategic move aimed at refinancing debt and providing capital for a subsidiary working on a project in Semarang.

The bond has a total principal amount of Rp500,000,000,000, divided into two series. Series A is worth Rp12,500,000,000 with a fixed interest rate of 7.05% per year for a term of three years. Series B is valued at Rp487,500,000,000 with a fixed interest rate of 7.30% per year for a term of five years from the issuance date.

Anthony P Susilo, the President Director of Indonesian Paradise Property, expressed gratitude for the successful issuance of the Indonesian Paradise Property Bond I for 2025, highlighting strong investor trust in the future prospects of Paradise Indonesia.

The proceeds from this bond issuance, after deducting issuance costs, will be used to strengthen our capital structure and support future business growth. With this strong financial foundation, we are confident in our ability to scale our business further and provide sustainable value to our shareholders and investors.

This bond has received an idAAA(cg) rating from PEFINDO. It is fully backed, unconditionally, and irrevocably by the Credit Guarantee & Investment Facility (CGIF), a trust fund of the Asian Development Bank.

The bond was listed on the Indonesia Stock Exchange on January 9, 2025. With this alternative funding source, Paradise Indonesia also has greater flexibility to expand its portfolio through several strategic projects, including Antasari Place in Jakarta, 23 Paskal - Extension in Bandung, 23 Semarang, and mixed-use properties in Balikpapan and Makassar.

Tag: Indonesian Paradise Property PEFINDO