JAKARTA. PT Oto Multiartha, a financing company formed by PT Bank BTPN Tbk (BTPN) and PT Sinar Mas Multiartha Tbk (SMMA), will issue Shelf-Registration Bond I Phase II Year 2024 with total principal of IDR 700 billion.

This bond is a part of a more extensive public offering program of Shelf-Registration Bond I of Oto Multiartha with total projected proceeds of IDR 3 trillion. Prior to this, in the first phase of issuance, Oto Multiartha had offered bond worth IDR 500 billion.

Bond Phase II will be offered by Oto Multiartha in three series, with coupons ranging from 6.55% to 7.10% per annum. The tenors also vary, starting from 370 days to 60 months.

Oto Multiartha has appointed PT Indo Premier Sekuritas as the lead underwriter, while PT Bank Mandiri (Persero) Tbk (BMRI) will be the trustee.

The public offering will take place from August 28 to 30, followed by the electronic distribution on September 4 and listing on Indonesia Stock Exchange (IDX) on September 5, 2024. (KR/ZH)