Jakarta - PT Mandala Multifinance Tbk (MFIN) plans to offer continuous bonds IV phase IV in 2021 worth Rp650 billion.

The brief prospectus published on Tuesday (16/11) shows that these bonds are part of the ongoing public offering IV Mandala Multifinance program with a target fundraised of Rp1.5 trillion.

The company will use the proceeds from this public offering for around Rp300 billion to fully repay the principal debt of the IV phase II 2020 series A continuous bonds maturing on December 14, 2021, and the rest as working capital.

To issue this bond, MFIN has obtained a rating from Pefindo, namely 'A.'

The company entrusted the implementing guarantor of the bond issuance to PT Sucor Sekuritas, with the trustee being BRI (Persero) Tbk.

Meanwhile, the company already got the effective date for the plan on June 29, 2021, with the implementation schedule: the public offering period of November 25, 26, 29 2021, allotment Decemb