JAKARTA - PT Toyota Astra Financial Services offers two series bonds with total amount of Rp 5 trillion (US$378.79 million). Based on the company’s prospectus, the bonds will be issued amounting to Rp 1.5 trillion for phase I, which is series A with 370 days and Series B with maturity of 36 months. For the bond issuance, the company has obtained an AAA rating with a “stable” outlook. The rating will be reviewed within a period of one year.
The company has appointed four securities firms as underwriters for the bonds. Among others, PT Indo Premier Securities, PT Mandiri Sekuritas, PT DBS Vickers Securities Indonesia and PT Trimegah Securities. These bonds are scheduled to be offered within period of April 21 through May 3, 2016. The company expects to get effective statement from the Financial Services Authority (OJK) on May 19. Hence, the General deals could be done on 23 and May 24, 2016. While rationing is scheduled on May 25, 2016 and listing on the Indonesia Stock Exchange on May 30, 2016. (*)