40 Companies Have Issued 52 Bonds And Sukuk Issued IDR 64.2 Trillion

Indonesia stock exchange. (Photo: Doc. Antara)

JAKARTA - The issuance of bonds and sukuk on the Indonesia Stock Exchange (IDX) has increased again. Especially after listing the fourth phase of continuous bonds issued by PT Surya Artha Nusantara Finance or SAN Finance.

In a statement from the IDX quoted on Monday, June 13, the SAN Finance bonds are worth IDR 750 billion. These bonds consist of two series.

Among them are series A IDR 150 billion with 4.5 percent interest and a period of 370 days. And the IDR 600 billion series B with 7.05 percent interest for a period of three years.

With the listing of SAN Finance's bonds, the total issuance of bonds and sukuk that have been listed on the IDX this year has increased to 52 issuances from 40 issuers. The total value reached IDR 64.2 trillion.

Previously, the IDX noted that there was a pipeline of recording debt securities and sukuk with 36 issuances planned to be issued by 30 companies with an estimated total fund raised of IDR 44.9 trillion.

As additional information, these SAN Finance bonds are rated AA(idn) (Double A) and idAA (Double A) from PT Fitch Ratings Indonesia (Fitch) and PT Pemeringkat Efek Indonesia (Pefindo). Meanwhile, acting as the Trustee in this issuance is PT Bank Rakyat Indonesia (Persero) Tbk.