JAKARTA. PT Federal International Finance (FIF), a vehicle financing company under Astra Group, plans to seek funds through a bond issuance with the principal amount of IDR 1.5 trillion.
According to the Indonesian Central Securities Depository (lit. Kustodian Sentral Efek Indonesia/KSEI), this bond is listed under the Shelf-Registration Bond V FIF Phase I Year 2021. The said bond is to be offered in two series, Series A of IDR 682 billion and Series B of IDR 872 billion.
Series A bond has a fixed interest rate of 4.60% per year and a 370-days tenor. Meanwhile, Series B has an annual fixed interest rate of 6.25% and a 36-months tenor.
The offering period would take place from May 31 to June 3, 2021, while the electronic disbursement of this bond would follow on June 8, 2021.
The management asked six securities companies as the underwriters. The said companies were PT BCA Sekuritas, PT CIMB Niaga Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIM).
As of March 31, 2021, the entire FIF’s stock was under PT Astra International Tbk (ASII). The total assets of this company, which has been running since 1989, reached IDR 31.97 trillion. (KR/ZH)