PT Wahana Ottomitra Multiartha Tbk (WOMF) plans to issue continuous bonds IV phase I in 2021 with a maximum principal amount of Rp500 billion.

Based on the prospectus published Monday (21/6), the Phase I bonds are part of the ongoing public offering of sustainable bonds IV with a target of raising funds of Rp5 trillion.

The company plans to use the proceeds from the bond issuance entirely for the company's working capital.

In Phase I, the bonds are offered in two series: series A with a tenor of 370 days and series B with a tenor of 3 years.

To issue this bond, the company has obtained a rating from Fitch Ratings Indonesia, namely 'AA-.'

The underwriters were entrusted to BNI Sekuritas, Indo Premier Sekuritas, and Maybank Kim Eng Sekuritas. The trustee is BRI (Persero) Tbk.

Meanwhile, the estimated implementation schedule is the initial offering period June 21-5 July 2021, estimated effective date July 16, 2021,