Financing Companies Compete To Find Funds In The Capital Market

JAKARTA - The number of finance companies seeking funds in the capital market through bond issuance is increasing. On Thursday, March 10, at least three companies have submitted plans to issue bonds.

These companies include PT Federal International Finance (FIF), PT Indomobil Finance Indonesia, and PT Maybank Indonesia Finance.

Citing information from the Indonesian Central Securities Depository, FIF will issue continuous bonds V phase III of IDR 2 trillion. The bonds are offered in two series, namely series A of IDR 1.19 trillion with an interest of 3.5 percent and series B of IDR 806.9 billion with an interest of 5.6 percent.

Meanwhile, Indomobil Finance will issue continuous bonds IV phase III worth IDR 1.74 trillion. In detail, the IDR 1.32 trillion series A bonds with a 4.9 percent interest rate, the IDR 382 billion series B bonds with 6.5 percent interest, and the IDR 32.28 billion series C bonds with a 7.5 percent interest.

FIF and Indomobil Finance bonds will be offered on March 21-22 with plans to be listed on the Indonesia Stock Exchange on March 28.

Meanwhile, Maybank Finance will issue continuous bonds III phase II of IDR 800 billion with an interest rate of 5.8 percent. The company will offer these bonds starting March 22-25 with a target listing on the IDX on March 31.

IDX Valuation Director I Gede Nyoman Yetna said that as of March 10, 2022, there have been 22 new issuances of debt securities and sukuk that have been listed on the IDX and issued by 18 companies. "The total funds that have been collected amounted to IDR 23.07 trillion," said Nyoman

Meanwhile, continued Nyoman, there are 11 companies that plan to issue 14 issuances in the debt securities and sukuk pipeline.