JAKARTA. PT KB Finansia Multi Finance, a financing company under KB Financial Group, issues bonds with a face value in amount of IDR 1 trillion. It is intended to solidify its core business.
These bonds have been registered to Indonesian Central Securities Depository under the title Bonds I of KB Finansia Multi Finance Year 2022. These securities will be offered in two series, with the highest coupon capped at 7.40% per annum.
Series A bonds will be offered with a par value of IDR 686.39 billion, an annual fixed interest of 4.70%, and a 370-days tenor. Meanwhile, Series B will be worth IDR 313.62 billion, equipped with a fixed interest rate of 7.40% and a tenor of three years.
In the official announcement, KB Finansia announced its plan to utilise the proceeds gained from this bonds issuance to reinforce its working capital. It also includes covering the company’s operational expenditures that will promote its consumer financing business segment further.
The public offering of these bonds is scheduled from July 15 to 19, 2022, while the distribution will follow on July 22, 2022. The listing on Indonesia Stock Exchange will take place last on July 25, 2022.
KB Finansia has assigned three parties as the underwriters for this corporate action. They are PT DBS Vickers Sekuritas Indonesia, PT Korea Investment and Sekuritas Indonesia, and PT Trimegah Sekuritas Indonesia Tbk (TRIM). Then, the appointed trustee is PT Bank Mandiri (Persero) Tbk (BMRI). (KR/ZH)