JAKARTA. PT Bussan Auto Finance plans to issue the Shelf-Registration Bonds Phase V Year 2022 of IDR 775 billion in March 2022, setting the fixed interest rate of 5.90% per year. These bonds are a continuation of the Shelf-Registration Bonds I, targeting to raise IDR 3.5 trillion.
From the statement released by Indonesia Central Securities Depository (lit. Kustodian Sentral Efek Indonesia/KSEI), it was revealed that the said bonds have a tenor of three years, maturing on March 17, 2025. The public offering of these bonds is scheduled for March 11 and 14, 2022, followed by the allotment on March 15, 2022. Lastly, it will be recorded on Indonesia Stock Exchange (IDX) on March 18, 2022.
The interest payment will take place every three months, meaning that the first round of payment will be channelled on June 17, 2022. PT Indo Premier Sekuritas will act as the underwriter for this bond issuance.
Previously, the company had issued its Shelf-Registration Bonds I Phase I Year 2020 of IDR 100 billion, Phase II Year 2021 of IDR 1.23 trillion, Phase III Year 2021 of IDR 775 billion, and Phase IV Year 2021 of IDR 500 billion. (AM/ZH)