Bisnis.com, JAKARTA - Multifinance issuer PT BFI Finance Indonesia Tbk. (BFIN) expressed its readiness to pay debts that will soon be due.

In an information disclosure to the Indonesia Stock Exchange (IDX) on Friday (4/6/2021), the management of BFI Finance said the company has prepared funds for repayment of principal and interest to holders of BFI Finance Indonesia Phase I 2018 Series B Shelf-Registered Bonds IV.

The funds will be credited before the bond's maturity date, which is June 26, 2021. Meanwhile, based on information from KSEI, this bond was issued with a nominal value of Rp552 billion with an interest rate of 7.75 percent.

"We have provided a bond repayment fund with an amount equal to the total principal and coupon interest of the maturing bonds," said a statement from BFIN's management.

The company also said that the bond settlement funds came from internal funds placed in current accounts and deposits with several banks.

BFI Finance management believes that it can pay off obligations to bondholders on time, both for interest coupons and bond principals.