Jakarta - PT JACCS Mitra Pinasthika Mustika Finance Indonesia plans to issue sustainable bonds I phase I 2022 worth Rp600 billion.

Based on the company's prospectus released on Wednesday (7/20), the number of bonds in the first phase is part of the sustainable bonds program with a target of raising funds to reach Rp1.5 trillion.

The bonds are offered in three series, series A with a tenor of 370 days, series B with a tenor of 3 years, and series C with a tenor of 5 years.

The company plans to use the proceeds from the bond issuance for working capital,  financing activities, finance leases, and factoring.

In order to issue this bond, the company has obtained a rating from Fitch Ratings Indonesia, AA.

The company appointed CIMB Niaga Sekuritas, Indo Premier Sekuritas, and Mandiri Sekuritas as the underwriters, and BRI Tbk as the trustee.

The initial offering period is anticipated to run from July 20–26, 2022,