Jan 24, 2011

Astra Sedaya launches Rp1.5 trio bond

Multifinance company PT Astra Sedaya Finance, subsidiary of PT Astra International Tbk (ASII), today launches Rp1.5 trillion bond XII with fixed interest rate.
In the bond IPO prospectus published today, Astra Sedaya plans to unveil the bond on February 28 2011.
Astra Sedaya Finance has mandated five lead underwriters namely PT Indo Premier Securities, PT Mandiri Sekuritas, PT HCBS Securities Indonesia, PT Standard Chartered Securities, and PT OSK Nusadana Securities Indonesia.
The bond is consisting of four series, A, B, C, and D. A and B series bond will mature in 370 days and 24 months, while C and D series will mature in 36 months and 48 months.
According to the prospectus, Astra Sedaya will use the proceed to support financing activities of vehicles.
As of September 2010, Astra Sedaya's net revenue reached Rp.77 trillion. In 2009, the company posted Rp.88 trillion net revenue.
Net income in September 2010 reached Rp74.34 billion, while in 2009, it booked Rp13.71 billion.

Disclosure: No position at the stock mentioned above.  

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