Astra Sedaya launches Rp 1.5 trillion bond
The Jakarta Post | Tue, 01/25/2011 3:47 PM
PT Astra Sedaya Finance launched Tuesday a Rp 1.5 trillion (US$162 million) bond with fixed interest.
The company, a subsidiary of PT Astra International Tbk, has mandated five underwriters: PT Indo Premier Securities, PT Mandiri Sekuritas, PT HSBC Securities Indonesia, PT Standard Chartered Securities Indonesia, and PT OSK Nusadana Securities Indonesia, kontan.co.id reported.
Called Bond XII, it consists of four series: A, B, C and D, with a maturity period of 370 days, 24 months, 36 months and 48 months, respectively
"All of the funds obtained from the public offering of this bond, after deducted from the bond issuer’s cost, will be used as working capital for vehicle financing,” Djony Bunarto Tjondro, president director of the ASF, a subsidiary of PT Astra International, said.
