Jakarta - PT Federal International Finance Tbk plans to issue sustainable bonds V phase II in 2021 for a maximum of Rp1.75 trillion.

Based on the brief prospectus published on Tuesday (12/10), this bond is part of the Sustainable Bonds V program with a target of raising funds of Rp10 trillion.

In phase II, the bonds have two series, namely series A worth Rp975.32 billion with a coupon of 3.60% and a tenor of 370 days, and series B worth Rp774.67 billion with a coupon of 5.30% and a tenor of 5.30%.

The company will use all proceeds from the issuance of these bonds for working capital, particularly motor vehicle consumer financing.

To issue this bond, FIF has obtained a rating from Pefindo, namely 'AAA' and Fitch Ratings Indonesia 'AAA.'

The underwriters for the bond issuance were entrusted to PT BCA Sekuritas, PT CIMB Niaga Sekuritas, DBS Vickers Sekuritas Indonesia, Indi Premier Sekuritas, PT Mandiri Sekuritas and Tri