JAKARTA. PT Astra Sedaya Finance (ASDF), a financing company under Astra Group, is issuing Shelf-Registration Bond VI Phase IV Year 2024 with a principal worth IDR 2.6 trillion.

The bond is a part of a Public Offering of Shelf-Registration Bond VI of ASDF, targeting to raise IDR 12 trillion in total. Previously, ASDF had issued Shelf-Registration Bond VI Phase I Year 2023 of IDR 2.5 trillion, Phase II Year 2023 of IDR 1 trillion, and Phase II Year 2024 of IDR 2.5 trillion.

For this upcoming round of issuance, ASDF offered bonds in two series, consisting of series A with principal of IDR 1.18 trillion and series B of IDR 1.42 trillion.

Series A will be offered with tenor of 370 days and a coupon of 6.45%, while series B is equipped with a tenor of 36 months and a coupon of 6.70%.

In the issued prospectus, ASDF s said to utilise the entire proceeds of this bond issuance to fund its working capital, including investment, multi-financing, operating lease, and other financing purposes, aligning with the company’s business segment.

The public offering will take place on September 26-27, 2024, with distribution set to October 2, 2024, and IDX listing on October 3, 2024. (KR/ZH)