JAKARTA. PT Federal International Finance (FIF), a financing company under PT Astra International Tbk (ASII), will raise fresh funds of a maximum IDR 2 trillion through the issuance of its Shelf-Registration Bonds V Phase III Year 2022.
These securities are a part of a more comprehensive public offering program of Shelf-Registration Bonds V of FIF, aiming for a total of IDR 10 trillion. FIF had previously released Bonds Phase I and II in 2021 worth IDR 3.25 trillion combined.
For this Phase III, FIF will offer bonds in two series. There will be IDR 1.19 trillion worth of bonds offered in Series A, while Series B will be offered for IDR 806.97 billion. The interest rate in Series A will be set to 3.5% per year with a tenor of 370 days, whereas Series B will be equipped with a 5.60% interest per year and a tenor of 36 months.
The issuance of Series A and B bonds will take place from March 21 to 22, 2022, followed by the electronic distribution of the bonds on march 25, 2022. Lastly, it will be recorded on Indonesia Stock Exchange (IDX) on March 28, 2022.
For this public offering of Bonds Phase III Year 2022, FIF has employed six security companies as underwriters. The six companies in question include 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). (KR/ZH)