JAKARTA - PT Astra Sedaya Finance, the subsidiary of PT Astra International Tbk (ASII) is offering the shelf registration bond III stage IV 2017 amounting to Rp 1.8 trillion on October 26-27, 2017. The funds from the bond will be used as working capital for consumer financing.
Based on the company's financial letter of information on IDX 2017, the bond is offering three series. The A series as much as Rp 975 billion with the interest rate around 6.25% per annum for time period of 370 days. B series is as much as Rp 625 billion with the interest rate around 7.50% per annum and time period of three years, and C series is as much as Rp 200 billion with the interest rate of 7.65% per annum and for the time period of five years.
The bond rating based on the Fitch Rating Indonesia noted triple A (AAA) since April 2017 through April 2018. The bond's rating is reflecting the company's performance is sustainable to lead the cars financing and the portfolio of the asset keep stable. In the first semester 2017, the company's profit for the year noted Rp 2.75 trillion or increased compared with December 2016 noted Rp 2.57 trillion.
The underwriters of the bond are PT BCA Sekuritas, PT CIMB Sekuritas Indonesia, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, and PT Standard Chartered Sekuritas Indonesia. (LK)