PT Bussan Auto Finance plans to issue sustainable bonds I phase II in 2021 as much as Rp1.225 trillion with a 4.90-6.90% coupon.

Based on the prospectus published on Tuesday (13/4),  the company offers the bonds in two series, namely series A with a principal value of Rp500 billion with a tenor of 370 days carrying a 4.90% coupon, and series B issued with a principal value of Rp725 billion with a tenor of 3 years and a coupon of 6.90%.

Meanwhile, the schedule for implementing this corporate action is the public offering period to April 21-22, 2021, the allotment period April 23, 2021, the date of electronic bond distribution, April 27, 2021, and listing on the IDX April 28, 2021.

The bonds are part of Sustainable Bonds I with a total of Rp3.5 trillion. Acting as underwriters in these bonds' issuance are PT Indopremier Sekuritas, and the trustee is PT Bank Mandiri Tbk.

The company plans to use the proceeds from this corporate action to support consumer financing activities.