JAKARTA, NNC - PT Maybank Indonesia Finance (Maybank Finance) is going to perform Maybank II Sustainable Bond Public Offering worth IDR5 trillion. For the phase I, the bond issuance target is worth IDR500 billion.
"The bond coupon we are offering is around 7.35 percent to 8.15 percent," said Alexander, President & CEO of Maybank Finance, in Jakarta, Monday (4/9/2018).
He explained that the bonds will be issued in the first half of 2018, and divided in two series, namely A and B, each of which has a tenor of three and five years. For series A, the offered bond coupon is around 7.35 percent to 7.85 percent. Meanwhile, for Series B the coupon is about 7.65 percent to 8.15 percent.
"Proceeds obtained from this bond issuance will be used for working capital of financing," he added.
Meanwhile, Fitch Ratings rated AA+ (idn) for this bond.
The offering period lasts from April 9 to April 24, 2018, and the public offering period is on May 9 to May 14, 2018. Bond listing on the Indonesia Stock Exchange (IDX) is estimated on May 8, 2018.
The parties acting as underwriters of this bond are PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, and PT Maybank Kim Eng Sekuritas.