National media reported on Thursday that PT Trans Pacific Petrochemical Indotama (TPPI) plans to issue US$888 million worth of bonds due between 10 and 15 years with coupon rates of 1-2% per annum as part of restructuring of US$1.8 billion debts pursuant to the composition plan endorsed by Commercial Court in late 2012. What a political change means for TPPI, parent company Tuban Petrochemical Industries (TPI), Honggo Wendratno, etc?
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