JAKARTA. PT Bussan Auto Finance Tbk (BAF) will issue BAF Shelf Registration Bonds II Phase IV Year 2023 with a principal amount of IDR 458 billion.

The bonds are part of the Shelf Registration Public Offering program through the BAF Shelf Registration Bonds II, with a target of IDR 3 trillion to be raised. Previously, BAF had issued bonds of IDR 100 billion and IDR 1.2 trillion in 2022, and IDR 1.24 trillion in April 2023.

The Phase IV bonds issued by BAF will be offered with a coupon of 6.50% per annum, which will be paid every 3 months. The tenor given for this bond is 3 years.

The bond public offering period will take place on September 4-5 2023. Electronic bond distribution will be carried out on September 8 2023, as well as listing on the Indonesia Stock Exchange (IDX) on September 11 2023.

The party appointed as guarantor for the issuance of the bonds is PT Indo Premier Sekuritas. (KR/LM)