PT Maybank Indonesia Finance set the coupon for the third phase of 2021 sustainable bonds at 6.30%, with a three-year tenor.

The brief prospectus issued on Tuesday (15/6) stated that the principal amount of this phase I bond is a maximum of Rp500 billion, from the target of funds collected for the sustainable bonds III program of Rp5 trillion.

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

The company entrusted underwriters for the bond issuance to DBS Vickers Sekuritas Indonesia, Indo Premier Sekuritas, Maybank Kim Eng Sekuritas. In addition, the company appointed its trustee Bank Mandiri Tbk.

Meanwhile, the implementation schedule is as follows: the effective date on June 14, 2021, the public offering period from June 16-18, 2021, the allotment on June 21, 2021, refunds for electronic bond orders and distribution on June 23, 2021, and listing on the IDX on June 24, 2021.