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BFI Finance to pay off its Series A Bonds of IDR 200 billion

11 May 2022 11:27

JAKARTA – PT BFI Finance Indonesia Tbk (BFIN) declared its plan to repay the principal and interest of Series A bonds of the Shelf-Registration Bonds V Phase I Year 2021 of IDR 200 billion, which will mature on June 8, 2022. Sudjono, Corporate Secretary of BFI Finance Indonesia, announced the news in the information disclosure quoted Wednesday (11/5).

“The management is confident that the company will pay off its obligations to bondholders in time, both interest and principal of the bonds,” Sudjono stated.

According to Sudjono, the funds for the repayment of those Series A bonds will be deposited before the maturity date. The money to settle these obligations is said to be taken out of its internal cash placed in the current accounts and deposits in several banks.

It is known that the company offered the Shelf-Registration Bonds V Phase I Year 2021 of IDR 600 billion on May 25, 2021. Series A bonds are capped at IDR 200 billion, with a 370-days tenor and a 6% interest rate per year. Series B is offered for IDR 400 billion for three years with an interest rate of 7.75% per year.

The underwriters of the Series A bonds issuance, each of which guarantees 40%, are PT BNI Sekuritas, PT BRI Danareksa Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIM). (LK/ZH)

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