Ratings Report

Ratings Report

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Ratings Report

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OKI Pulp and Paper Mills

(OPPM)

Corporate Rating/Outlook idA+ Stable Updated on 20 Dec 2024

Press Release

To

Release Date Title
10 Jun 2021 PT Oki Pulp and Paper Mills rated "idA+" with stable outlook
23 Dec 2021 PT Oki Pulp and Paper Mills rated "idA+" with stable outlook
31 Mar 2022 PT Oki Pulp and Paper Mills and its Bond II 2022 rated "idA+"
19 May 2022 PT Oki Pulp and Paper Mills's maturing bond and sukuk rated "idA+"
18 Jul 2022 PEFINDO has withdrawn the ratings of Obligasi OKI Pulp & Paper Mills I Tahun 2021 Seri A and Sukuk Mudharabah OKI Pulp & Paper Mills I Tahun 2021 Seri A based on the full repayment of the debt instrument
22 Aug 2022 PEFINDO has affirmed its "idA+" ratings for PT OKI Pulp and Paper Mills (OPPM), its Bond I Year 2021 and Bond II Year 2022, as well as its "idA+(sy)" rating for its Sukuk Mudharabah I Year 2021
9 Nov 2022 PEFINDO has assigned its idA+ rating to PT OKI Pulp & Paper Mills (OPPM)'s proposed Bond III Year 2022 of maximum IDR3 trillion and idA+(sy) rating to OPPM's proposed Sukuk Mudharabah II Year 2022 of maximum IDR1 trillion
8 Feb 2023 PEFINDO has affirmed its idA+ rating to PT OKI Pulp & Paper Mills (OPPM)'s Bond II Serie A Year 2022 of IDR1,319 billion due on April 10, 2023
10 Apr 2023 With the full repayment of Obligasi OKI Pulp & Paper Mills II Tahun 2022 Seri A on April 10, 2023, PEFINDO has withdrawn the rating of the debt instrument
4 Jul 2023 PEFINDO has affirmed its “idA+” ratings for PT OKI Pulp and Paper Mills (OPPM), its Bond I Year 2021, Bond II Year 2022, and Bond III Year 2022, as well as its “idA+(sy)” rating for its Sukuk Mudharabah I Year 2021 and Sukuk Mudharabah II Year 2022.
21 Sep 2023 PEFINDO has affirmed its “idA+” rating for PT OKI Pulp and Paper Mills (OPPM)’s Maturing Bond III Year 2022 Series A of IDR305.6 billion and “idA+(sy)” rating for its Sukuk Mudharabah II Year 2022 Series A of IDR627 billion due on November 14, 2023
5 Oct 2023 PEFINDO has assigned its “idA+” ratings for PT OKI Pulp and Paper Mills (OPPM)’s Shelf-Registered Bond I Year 2023 with maximum amount of IDR 9 trillion, Shelf- Registered USD Bond I Year 2023 of up to USD200 million, and Shelf-Registered Sustainable Bond
14 Nov 2023 With the full repayment of Obligasi III OKI Pulp & Paper Mills Tahun 2022 Seri A and Sukuk Mudharabah II OKI Pulp & Paper Mills Tahun 2022 Seri A on November 14, 2023, PEFINDO has withdrawn the ratings of the debt instruments
13 May 2024 PT OKI Pulp and Paper Mills (OPPM)’s debt instruments will mature in the near term: Bond I Year 2021 Series B of IDR1.35 trillion (rated idA+, due on July 8, 2024)
12 Jun 2024 PEFINDO has affirmed its idA+ rating with stable outlook to PT OKI Pulp and Paper Mills (OPPM)
8 Jul 2024 With the full repayment of Obligasi OKI Pulp & Paper Mills I Tahun 2021 Seri B and Sukuk Mudharabah OKI Pulp & Paper Mills I Tahun 2021 Seri B on July 8, 2024, issued by PT OKI Pulp & Paper Mills, PEFINDO has withdrawn the ratings of the debt
28 Aug 2024 PT OKI Pulp and Paper Mills (OPPM)’s debt instruments will mature on October 22, 2024: Shelf Registered Bond I Phase I Year 2023 Series A of IDR300 billion (rated idA+)
4 Sep 2024 PT OKI Pulp and Paper Mills (OPPM)’s debt instruments will mature on December 22, 2024: Shelf Registered Bond I Phase II Year 2023 Series A of IDR80.8 billion (rated idA+)
22 Oct 2024 With the full repayment of Obligasi Berkelanjutan I OKI Pulp & Paper Mills Tahap I Tahun 2023 Seri A and Obligasi Berwawasan Lingkungan Berkelanjutan I OKI Pulp & Paper Mills Tahap I Tahun 2023 Seri A on October 22, 2024, issued by PT OKI Pulp &am
20 Dec 2024 PEFINDO has affirmed its idA+ rating with stable outlook to PT OKI Pulp and Paper Mills (OPPM)
23 Dec 2024 With the full repayment of Obligasi Berkelanjutan I OKI Pulp & Paper Mills Tahap II Tahun 2023 Seri A, Obligasi Berwawasan Lingkungan Berkelanjutan I OKI Pulp & Paper Mills Tahap II Tahun 2023 Seri A, Obligasi USD Berkelanjutan I OKI Pulp & Pa
19 Feb 2025 PT OKI Pulp and Paper Mills (OPPM)’s following debt instruments will mature in the near term: Bond II Year 2022 Serie B (rated idA+) of IDR1.8 trillion will be due on March 30, 2025
12 Mar 2025 PT OKI Pulp and Paper Mills (OPPM)’s following debt instruments will mature on June 1, 2025: Shelf Registered Bond I Phase IV Year 2024 Serie A (rated idA+) of IDR229.8 billion
25 Mar 2025 PEFINDO has assigned its idA+ for PT OKI Pulp and Paper Mills (OPPM)’s Shelf-Registered Bond II Year 2025 with a maximum amount of IDR12 trillion and Shelf Registered USD Bond II Year 2025 with a maximum amount of USD100 million
8 Apr 2025 PT OKI Pulp & Paper Mills has fully repaid Obligasi OKI Pulp & Paper Mills II Tahun 2022 Seri B, Obligasi Berkelanjutan I OKI Pulp & Paper Mills Tahap III Tahun 2024 Seri A, Obligasi USD Berkelanjutan I OKI Pulp & Paper Mills Tahap III Tah
28 Apr 2025 PT OKI Pulp and Paper Mills (OPPM)’s following debt instruments will mature on July 29, 2025: Shelf Registered Bond I Phase V Year 2024 Serie A (rated idA+) of IDR122.3 billion

Rating Rationale

To

Release Date Title
23 Dec 2021 PT Oki Pulp and Paper Mills rated "idA+" with stable outlook
31 Mar 2022 PT Oki Pulp and Paper Mills and its Bond II 2022 rated "idA+"
22 Aug 2022 PEFINDO has affirmed its "idA+" ratings for PT OKI Pulp and Paper Mills (OPPM), its Bond I Year 2021 and Bond II Year 2022, as well as its "idA+(sy)" rating for its Sukuk Mudharabah I Year 2021
9 Nov 2022 PEFINDO has assigned its idA+ rating to PT OKI Pulp & Paper Mills (OPPM)'s proposed Bond III Year 2022 of maximum IDR3 trillion and idA+(sy) rating to OPPM's proposed Sukuk Mudharabah II Year 2022 of maximum IDR1 trillion
26 Jul 2023 PEFINDO has affirmed its “idA+” ratings for PT OKI Pulp and Paper Mills (OPPM), its Bond I Year 2021, Bond II Year 2022, and Bond III Year 2022, as well as its “idA+(sy)” ratings for its Sukuk Mudharabah I Year 2021 and Sukuk Mudharabah II Year 2022
5 Oct 2023 PEFINDO has assigned its “idA+” ratings for PT OKI Pulp and Paper Mills (OPPM)’s Shelf-Registered Bond I Year 2023 with maximum amount of IDR 9 trillion, Shelf- Registered USD Bond I Year 2023 of up to USD200 million, and Shelf-Registered Sustainable Bond
10 Jul 2024 PEFINDO has affirmed its idA+ rating with stable outlook to PT OKI Pulp and Paper Mills (OPPM)
20 Jan 2025 PEFINDO has affirmed its idA+ rating with stable outlook to PT OKI Pulp and Paper Mills (OPPM)
25 Mar 2025 PEFINDO has assigned its idA+ for PT OKI Pulp and Paper Mills (OPPM)’s Shelf-Registered Bond II Year 2025 with a maximum amount of IDR12 trillion and Shelf Registered USD Bond II Year 2025 with a maximum amount of USD100 million