PT Maybank Indonesia Finance plans to issue a sustainable bond III phase I in 2021 of a maximum of Rp500 billion.

Based on a brief prospectus published on Monday (17/5), this phase I bond is part of a sustainable public offering III  program with a target fund to raise around  Rp5 trillion.

The company offers this bond phase with a tenor of 3 years or will mature on June 23, 2024. The company has obtained a rating from PT Fitch Ratings Indonesia, namely 'AA + (idn), to issue these bonds.

The company entrusts the underwriters to DBS Vickers Sekuritas Indonesia, Indo Premier Sekuritas, and Maybank Kim Eng Sekuritas. The trustee is Bank Mandiri.

The company plans to use the proceeds from selling bonds for working capital to finance the company.

The initial offering period starts on 17-31 May 2021; the estimated effective date is June 14, 2021, the public offering period is 16-18 June 2021, the allotment date is June 21, 20