JAKARTA. PT Maybank Indonesia Finance, a financing company of PT Bank Maybank Indonesia Tbk (BNII), issues Shelf-Registration Bond IV of Maybank Finance Phase I Year 2024 with a principal of IDR 100 billion.

Said bond is a part of a more extensive public offering program of Shelf-Registration Bond IV of BNII with target proceeds of IDR 5 trillion. For the first phase, the company is offering this bond with a tenor of 370 days.

In the prospectus, BNII will utilise the entire bond issuance proceeds for financing capital. “According to the license owned by the company, based on applicable regulation and law,” the management said.

BNII has secured an “AAA(idn)” rating from Fitch Ratings Indonesia for its bond. The joint lead underwriters include PT KB Valbury Sekuritas and PT Bank Maybank Sekuritas Indonesia, while PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) is assigned as trustee.

The public offering of the bond will take place from June 27 to July 2, 2024. The electronic distribution of the bond will be carried out on July 5, 2024, while the listing on Indonesia Stock Exchange (IDX) follows on July 8, 2024. (KR/ZH)