Multifinance firm Bussan Auto Finance (BAF) plans to issue bonds worth Rp500 billion, the first time bond issue. The bonds will be issued in 2 series with tenor of 370 days and 3 years, offering annual coupon rates at 6.25% to 8%. The offering is scheduled for Oct 30-31, 2017. The firm engages mainly in new motorcycle financing for the Yamaha brand, which contributes to 90% of its total financing. BAF targets to disburse new loans of Rp 7 trillion by the end of this year.