Jakarta, 20 July 2023 – PT Indonesia Infrastructure Finance (“IIF”) officially signed a cooperation agreement with PT Arkora Hydro Tbk (“Arkora”) in terms of providing Guarantee Facilities for Environmentally Friendly Bonds (“Green Bond”) issued by Arkora, On Thursday, 20 July, 2023, at IIF Head Office. The facility was a Credit Enhancement, one of the most recent product designed for borrowers operational financing needs.

IIF provided the facility in the form of a Partial Guarantee Facility amounting to IDR286,100,000,000, which Arkora intends to utilize in order to fulfill the guarantee requirements for the issued Green Bonds. In this regard, IIF fully supports this corporate action as part of its commitment to involve community participation in the scope of Indonesia’s Green Economy through Investment Instruments.

Reynaldi Hermansjah, President Director of IIF, pointed out in a written statement that IIF always supports all projects and activities from its clients that comply to the ESG standards. “Arkora’s initiative in involving the community at large to participate in supporting the green industry through investment instruments deserves to be appreciated. IIF always supports projects that implement and comply to ESG principles, which are definitely more valuable to society,” he said.

On the same occasion, Aldo Artoko as Arkora’s President Director, expressed his gratitude to IIF for its previous supports. “We appreciate your assistance and knowledge in implementing ESG principles into all of our projects. We hope that Arkora and IIF will continue collaborating to promote and expand Environmentally Friendly Business Activities“, Aldo stated.

IIF considers that its responsibility as a financial institution to increase public interest in Green Economy. The Company believes by assisting in the issuance of this type of bonds, might be contributed to the growth and further development of investment instruments in the Indonesian Capital Market.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
corsec@iif.co.id