Indah Kiat outlines IDR 3.50 trillion refinancing. Target for Indah Kiat stock is IDR 13,500

Published on 10/19/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Debt refinancing totals IDR 3.50 trillion, with IDR 1.043 trillion due in November. Indah Kiat stock costs EUR 0.32 on October 19, 2026.

Refinancing and earnings dates

Indah Kiat outlined IDR 3.50 trillion of refinancing on October 13, 2026.
Mirae Asset kept its IDR 13,500 target in a report dated October 1, 2026.
Indah Kiat stock was trading at EUR 0.32 at 9:32 a.m. CEST at Lang & Schwarz on October 19, 2026.
The next earnings date is November 18, 2026.

Indah Kiat, ID1000062201, Illustration mit AI erstellt.

Indah Kiat Pulp & Paper (ISIN ID1000062201) was trading at EUR 0.32 at Lang & Schwarz on October 19, 2026, while a new refinancing plan addresses IDR 3.50 trillion of debt instruments. Packaging News Daily reported the plan on October 13, 2026, and Mirae Asset kept a target of IDR 13,500 in its October 1, 2026 report.

Refinancing covers November maturities

The financing package comprises IDR 2.00 trillion of bonds, IDR 1.50 trillion of sukuk and USD 13.76 million of dollar bonds, according to Packaging News Daily. The obligations due on November 21 and November 22, 2026 total IDR 1.043 trillion plus USD 900,000, so the announced instruments exceed the scheduled maturities in rupiah terms and add dollar funding capacity.

Three dates explain the debt picture

On September 29, 2026, Indah Kiat disclosed IDR 1.043 trillion of rupiah debt and USD 900,000 due in November, as Packaging News Daily reported. On October 1, 2026, Mirae Asset cited a 4.7 percent third-quarter pulp-price decline and retained its IDR 13,500 target. On October 13, 2026, the refinancing plan of IDR 3.50 trillion became the latest dated financing event.

What does the target mean for earnings?

Mirae Asset's October 1, 2026 report linked its target to pulp-price stabilization and the ramp-up of Indah Kiat Karawang. The report said the company's pulp average price for the first nine months of 2026 was USD 589 per ton against a fiscal-year assumption of USD 580 per ton, while the Karawang operation's July 2026 white solid bleached board volume rose 60.00 percent month over month to 20,900 tons. Mirae Asset also identified weaker pulp and paper prices, a slower ramp-up and related-party terms as risks.

Dates ahead for the stock

Investing.com lists November 18, 2026 as the next earnings date. The debt instruments mature on November 21 and November 22, 2026, giving investors two separate dates for assessing refinancing execution and near-term liquidity.

Stock trades below its yearly range midpoint

Indah Kiat is listed on the Indonesia Stock Exchange under ticker INKP. The finance quote showed a market capitalization of IDR 35.4 trillion and a 52-week range of IDR 6,250.00 to IDR 12,750.00 as of October 19, 2026. The same quote showed a primary-exchange price of IDR 6,475 at 7:27 a.m. UTC on October 19, 2026, during the open session; that value is separate from the euro quotation used for German investors.

Indah Kiat stock was trading at EUR 0.32 at Lang & Schwarz on October 19, 2026 at 9:32 a.m. CEST. The financing plan, the November maturities and the earnings date provide the next concrete checkpoints for the company. The further course of trading is shown by the continuously updated real-time quote of Indah Kiat stock.