Jakarta - PT Maybank Indonesia Finance offers a coupon of 5.80% for continuous bond III phase II-2022 with a tenor of 3 years.

According to a short prospectus released on Friday (11/3), the principal amount of these phase II bonds is capped at Rp800 billion, with Rp5 trillion in target funds collected in the sustainable bonds III program.

The company will use the proceeds from the bond issuance for working capital financing.

The company has obtained a rating from Fitch Ratings, 'AA+' to issue this bond.

The company appointed DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, and PT Maybank Kim Eng Sekuritas as the underwriters for the bond issuance and the trustee of Bank Mandiri  Tbk.

Meanwhile, after getting the effective date of June 14, 2021, from OJK, the implementation schedule is set as follows: the public offering period, March 22–25, 2022, the allotment, March 30, 2022, refund of orders, and distr