Amid the uncertainty of Indonesia’s election and global economic turmoil, capital market is still a preferred choice to get source of funding. An auto financing company, PT Oto Multiartha will issue Rp1 trillion bond this year.
The bond will be issued in 3 series; Series A valued Rp200 billion with 7.75% annual coupon rate and 370 days maturity. Meanwhile, series B worth Rp320 billion with 8.75% coupon. It has 3 years and due April 26, 2020. Series C valued Rp480 billion with 9.25% coupon. The maturity is 5 years, and will due in 2024.
Oto Multiartha will start the bond offering date on April 22-23. There are four bond underwriters; PT BCA Sekuritas, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, and PT Nikko Sekuritas Indonesia.