SOUTH TANGERANG - To support financing distribution to the public in the second half of 2020, PT BFI Finance Indonesia Tbk (BFI Finance), which has a wide-spread financing service network in Indonesia, will issue Shelf Registration Bond IV BFI Finance Indonesia Phase III 2020 with a principal of Rp500 billion.
Shelf Registration Bond IV BFI Finance Indonesia Phase III 2020 is offered in two series with a total value of Rp500 billion, where Series A bonds have a period of 370 (three hundred seventy) calendar days from the Issuance Date and Series B bonds with a period of 3 (three) years from the Issuance Date.
The Initial Offering Period for Shelf Registration Bond IV BFI Finance Indonesia Phase III 2020 has started from July 28, 2020 to August 12, 2020. Payment from investors is scheduled for September 7, 2020 and the company will receive funds from the bonds issuance on September 8, 2020. Shelf Registration Bond IV BFI Finance Indonesia Phase III 2020 will be listed on the Indonesia Stock Exchange on September 9, 2020.
The Company appointed five well-known Underwriters for the bond issuance, namely PT BNI Sekuritas, PT Danareksa Sekuritas, PT DBS Vickers Sekuritas, PT Mandiri Sekuritas and PT Trimegah Sekuritas. Moreover, PT Bank Tabungan Negara (Persero) Tbk was appointed as Trustee.
For the bonds issuance, BFI Finance obtained a long-term securities rating from PT Fitch Ratings Indonesia (Fitch) rated at ‘A+(idn)’. (LM)