JAKARTA. PT Indomobil Finance Indonesia (IFI), a financing venture under PT Indomobil Multi Jasa Tbk (IMJS), gears up towards the issuance of Shelf-Registration Bonds V of Indomobil Phase II Year 2023.

These bonds have a total principal of IDR 1.28 trillion, which are offered in three series with varied coupon rates, starting from 6.25% per year to 7.75% per year.

According to the published prospectus, IFI plans to utilise the entire proceeds of the bonds issuance for its working capital, including funding the vehicle and heavy equipment financing. “In line with the company’s business activities,” the management of IFI explained.

IFI has secured an “idA+” rating from Pemeringkat Efek Indonesia (Pefindo), a local rating agency, for these recent bonds. The public offering of these bonds will take place from March 20 to 21, 2023, followed by the electronic distribution on March 28, 2023, before finally being listed on Indonesia Stock Exchange (IDX) on March 29, 2023.

The assigned underwriters are PT Aldiracita Sekuritas Indonesia, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, PT Trimegah Sekuritas Tbk (TRIM), PT CIMB Niaga Sekuritas, PT RHB Sekuritas Indonesia, PT UOB Kay Hian Sekuritas, and PT Maybank Sekuritas. Meanwhile, PT Bank Mega Tbk (MEGA) will act as the trustee. (KR/ZH)