JAKARTA. PT Bussan Auto Finance (BAF), a financing company under Mitsui & Co and Yamaha Motor, is issuing debt securities in the form of bonds worth IDR 1.23 trillion to improve the consumers’ financing business sector.
According to the Indonesian Central Securities Depository (KSEI) official statements, the said bond was included in the Shelf-Registration Public Offering I of BAF, targeting to collect IDR 3.5 trillion. Previously, in August 2020, the company had issued another bond of IDR 100 billion.
This more recent bond would be offered in two parts, series A with the principal amount of IDR 500 billion and series B with IDR 725 billion. The series A bond would be released with a fixed interest rate of 4.9% per year and tenor of 370 days. Meanwhile, the latter would be offered with an annual fixed interest rate of 6.9% and tenor of 3 years.
The public offering would occur from April 21 to 22, 2021, and the distribution would follow on April 27, 2021. The management has assigned PT Indo Premier Sekurtias as the underwriter and PT Bank Mandiri (Persero) Tbk (BMRI) as the trustee. (KR/ZH)