JAKARTA. PT Indomobil Finance Indonesia, one of the subsidiaries under PT Indomobil Multi Jasa Tbk (IMJS), seeks fresh funds of IDR 1.74 trillion through the issuance of the Shelf-Registration Bonds IV Phase III Year 2022.
The said securities issuance is a part of a more extensive public offering program of the Shelf-Registration Bonds IV of Indomobil Finance Indonesia, aiming to collect IDR 4 trillion in total. Previously, the company had released its Shelf-Registration Bonds IV Phase I worth IDR 336 billion in 2020 and the Phase II of IDR 1.93 trillion in 2021.
For this Phase III, Indomobil Finance will offer the bonds in three series. Series A will be offered for IDR 1.32 trillion with an annual rate interest of 3.9%. Then, the Series B and C are worth IDR 382 billion and IDR 32.39 billion, respectively, offered with a fixed interest rate of IDR 6.5% and 7.5% per year.
The public offering period is scheduled for March 21-22, 2022. Meanwhile, the electronic distribution of the bonds will take place on March 25, 2022, prior to the recording on Indonesia Stock Exchange (IDX) on March 28, 2022.
According to idnfinancials.com data, IMJS controls 99.91% of Indomobil Finance. At the same time, 91.97% of IMJS is under the control of PT Indomobil Sukses Internasional Tbk (IMAS), a manufacturer and distributor of infamous brands of vehicles, including Suzuki, Nissan, Volvo, Renault, Audi, Hino, and Foton. (KR/ZH)