Jakarta - PT Wahana Ottomitra Multiartha Tbk (WOMF) plans to issue sustainable bonds IV phase II 2022 with a principal amount of Rp800 billion.

Based on the prospectus published on Monday (3/22), the phase II bonds are part of the ongoing public offering of the sustainable bonds IV program with a target of raising funds of Rp5 trillion.

The company plans to use the proceeds from the bond issuance entirely for the company's working capital.

In phase I, the bonds are offered in two series, series A with a coupon of 4.25% with a tenor of 370 days and series B with a coupon of 6.30% with a tenor of 3 years.

Fitch Ratings Indonesia has assigned the bond sale plan an 'AA-' rating.

The underwriters were entrusted to PT BNI Sekuritas, PT Indo Premier SSekuritas,and Maybank Kim Eng Sekuritas. The trustee is BRI Tbk.

Meanwhile, the estimated implementation timeline is March 31 - April 5, 2022, allotment April 6, 2022, ele