JAKARTA. PT Indomobil Finance Indonesia, a financing venture under PT Indomobil Multi Jasa Tbk (IMJS), will issue Shelf-Registration Bond V Phase III Year 2024 with total principal of IDR 2.83 trillion.

Said bond will be offered in three series, consisting of series A of IDR 1.4 trillion, series B of IDR 611.16 billion, and series C of IDR 814.87 billion. The coupons vary, from the lowest, 6.85% for series A, to the highest, 7.40% for series C.

Indomobil Finance Indonesia plans to use the entire proceeds of this bond issuance for working capital of motor vehicle financing.

For the record, this bond is a part of its Public Offering of Shelf-Registration Bond V of Indomobil Finance Indonesia, targeting to raise IDR 5 trillion in total. Prior to this, the company has issued Bond Phase I worth IDR 600 billion and Phase II of IDR 1.28 trillion.

Public offering period of Bond Phase III will take place from June 12 to 14, 2024, followed by the electronic distribution of the bond on June 21, and the listing on Indonesia Stock Exchange on June 24, 2024. (KR/ZH)