Astra Sedaya Finance Issues Bond Worth IDR1.8Trn
Astra Sedaya Finance, one of subsidiary Astra International, Tbk (ASII:IJ), will issue its Shelf Registered Bond III Tranche IV Year 2017 totaling IDR1.8trn on October 26-27, 2017. The bonds is consist of three series, namely: the A series worth IDR975bn tenor 370-days with coupon rate 6.25% p.a, the B series IDR625bn tenor 3-years coupon rate 7.50% p.a, and the C series IDR200bn tenor 5-years coupon rate at level 7.65%.
The proceed will be used as company’s working capital for consumer financing. The bond’s rating at level AAA (triple A) during April 2017 to April 2018, by Fitch Rating Indonesia. The bond’s rating reflecting Astra Sedaya Finance’s performance in sustainable to lead the cars financing and the asset portfolio keep stable.
From financial performance side, company reported its profit worth IDR2.75trn in 1H2017, compare to December 2016 worth IDR2.57trn. While the bond’s underwriter are: PT BCA Sekuritas, PT CIMB Sekuritas Indonesia, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, and PT Standard Chartered Sekuritas Indonesia.
