SMS Finance to issue Rp200 billion worth of bonds
December 10th, 2009 | by rarzi |Financing company PT Sinar Mitra Sepadan Finance (SMS Finance) plans to issue bonds worth Rp200 billion in January 2010 to finance its motorcycle credit financing business.
The bonds will be issued in three series, each maturing in 370 days, 2 years and 3 years, according to the company`s prospectus published on Wednesday.
The bonds have obtained BBB+ rating from local rating agency PT Fitch Ratings Indonesia.
SMS Finance has appointed PT AAA Sekuritas and PT Pacific Capital as bond issue underwriters.
The company is expected to obtain an effective statement for the issuance of the bonds on December 22. The bonds will be offered from December 26, 2009 to January 5, 2010 and listed at the Indonesia Stock Exchange on January 11, 2010.
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