Bisnis.com, JAKARTA - PT BRI Multifinance Indonesia released a schedule for the public offering of corporate bonds on July 4-6 2023.

In an announcement published in the Bisnis Indonesia Daily, Monday (3/7/2023), the company has set an order schedule for BRI Finance Bonds II for 2023 from tomorrow to Thursday (4-6 July 2023). Meanwhile, the issuance date is set for July 11, 2023.

BRI Finance Bonds II are offered with a principal of IDR 500 billion. These bonds consist of Series A with a principal of IDR 197 billion with an interest of 5.85 percent and series B of IDR 303 billion. The interest offered is 6.4 percent.

The two bonds have tenors of 370 days and 3 years respectively. "This bond is offered at a value of 100 percent of the principal amount of the bond. Bond interest is paid every 3 months according to the bond interest payment date starting from the date of issuance," the company wrote in its announcement.

BRI Finance's bonds have an idAA rating from Pefindo. Acting as underwriters for the bond issuance are BCA Sekuritas and BRI Danareksa Sekuritas.

While acting as trustee is PT Bank Negara Indonesia (Persero) Tbk. (BBNI).

BRI Finance Bonds Issuance Schedule

Effective Date : 27 June 2023

Public Offering Period : 4 - 6 July 2023

Allotment Date : 7 July 2023

Order Refund Date : 11 July 2023

Electronic Bond Distribution Date (“Issage Date”) : 11 July 2023

Securities Listing Date at PT Bursa Efek Indonesia : 12 July 2023