Maybank Finance offers Bonds Phase II of IDR 800 billion
JAKARTA – PT Maybank Indonesia Finance (BIIF) issues the Shelf-Registration Bonds III Phase II 2022 worth IDR 800 billion, starting Tuesday (22/3) until Friday (25/3). These bonds are equipped with a 5.80% annual interest for three years.
In the short prospectus quoted today (23/3), the proceeds from the bonds issuance will be entirely channelled to the financing working capital, especially the credit distribution to potential users. As of December 2021, BIIF’s financing receivables amounted to IDR 6.01 trillion, climbing from IDR 5.81 trillion reported in the same period in 2020.
The total revenue clocked up to IDR 1.03 trillion, sliding off from IDR 1.15 trillion in 2020 due to the COVID-19 pandemic that disrupted the credit channelling to the public. The highest contributor to the revenue was the consumer financing segment, which generated IDR 859 billion. Then, the finance lease segment brought in IDR 98.13 billion, followed by the ijarah lease of IDR 200 million, interest income of IDR 3.65 billion, and other income sources of IDR 70.12 billion.
Fitch Ratings granted an “AA+(idn)” rating to BIIF regarding its issuance plan. The appointed executive underwriter and the underwriter are PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, and PT Maybank Sekuritas Indonesia. Lastly, PT Bank Mandiri (Persero) Tbk (BMRI) will be the trustee. (LK/ZH)