Astra Sedaya Finance prepares IDR 670 billion to pay bonds
JAKARTA. PT Astra Sedaya Finance (ASF), a financing company owned by PT Astra International Tbk (ASII), has drawn up funds for paying principals and interests of Series B of the Shelf-Registration Bonds IV Phase II Year 2019 of IDR 670 billion.
Hendry Christian W, Director of ASF, stated that the said bonds would mature by February 13, 2022. For the record, ASF issued the said bonds on February 14, 2019, with a fixed interest rate of 8.8% per year.
“The company will pay back those bonds,” the Director stated in the information disclosure in Indonesia Stock Exchange (IDX).
According to idnfinancials.com data, ASF collected total assets of IDR 32.9 trillion and equity of IDR 7.56 trillion by the end of September 2021. Throughout January-September (9M) 2021, ASF’s net profit had climbed 6.82% year-on-year (yoy) to IDR 767 billion.
As of September 30, 2021, 46.87% of ASF was controlled by ASII. Then, 28.13% belonged to PT Garda Era Sedaya, while another 25% was channelled to PT Sedaya Multi Investama. Garda Era Sedaya and Sedaya Multi Investama are also under ASII. (KR/ZH)