JAKARTA. PT Wahana Inti Selaras, a distributor and manufacturer of various automotive brands under Indomobil Group, will issue Bonds II Year 2023 with a total principal of IDR 2.43 trillion.

The bonds will be offered in 3 series, consisting of series A with a principal of IDR 997.58 billion, series B of IDR 845.51 billion, series C of IDR 590.52 billion. Each series is offered with a coupon ranging from 6.75% until 8.50% per annum, while the tenor starts from 370 days until 5 years.

The public offering of bonds will last until today (3/8). Then, the electronic distribution follows on August 8, concluded with the listing on Indonesia Stock Exchange (IDX) on August 9, 2023.

For this bonds’ issuance, Wahana Inti Selaras has assigned 6 security companies as lead underwriters. They include PT Aldiracita Sekuritas Indonesia, PT BNI Sekuritas, PT Buana Capital Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk (TRIM).

According to IDNFinancials, Wahana Inti Selaras, through its subsidiary, also acts as a distributor and dealer for many brands of heavy equipment, including Volvo Trucks, Renault Trucks, and Manitou Material Handler. In 2019, the company became the sole distributor of John Deere Power System in Indonesia. (KR/ZH)