Mar 10, 2011

BFI Finance to issue Rp300 bio bonds

PT BFI Finance Indonesia Tbk plans to raise Rp300 billion by issuing bonds to support the financing distribution and leasing which targeted to reach Rp5 trillion.
Corporate Secretary of BFI Finance Budi Munthe said the company is now finalizing the appointment of the underwriter to handle the bond issuance.
"We just got the A-rating from Pefindo [PT Pemeringkat Efek Indonesia]. We are currently finalizing selection of underwriters for the bond issuance around Rp300 billion," he said as reported by Bisnis Indonesia today.
The company will use the proceeds from bond to support business expansion and repay debt maturity for the B Series II/2009 bonds worth Rp30 billion.

Disclosure: No position at the stock mentioned above.

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