Maybank Finance Issue Rp 500 B Bond

By : Wiyanto Dan Aldo Bella Putra | Monday, April 09 2018 - 17:00 IWST

Maybank Indonesia (Foto Ist)
Maybank Indonesia (Foto Ist)

INDUSTRY.co.id - Jakarta - PT Mybank Indonesia Finance conducted a sustainable IPO II with a value of Rp 5 trillion. Of the target, faze I of this year as much as Rp500 billion.

According to President Director of Maybank Finance Alexander, Rp500 billion of first phase bonds will be issued in the first half of 2018, divided into two tenors, namely A for three years and series B for five years. Each interest rate is 7.35-7.85 percent and 7.65-8.15 percent.

The bonds will have a fixed interest rate and interest will be paid quarterly on a 30/60 basis.

"Mybank Finance will use the proceeds from the issuance of bonds for working capital," he said in Jakarta, Monday (9/4/2018).

He said the series A bonds mature on May 17, 2021 and the bond series B matures on May 17, 2023. Fitch rating has rated this bond with AA + (idn). Each interest is 7.35 and 7.85 percent respectively
7.65, 8.15

The initial offering period will be on April 9-24, 2018 and the period of public offering on May 9-14, 2018. As for the allotment date on May 15, 2018, the date of payment from the investor on May 16, 2018 and the date of emission payment dated May 17, 2018, with listing in Indonesia Stock Exchange on May 18, 2018.

"Acting underwriters are PT DBS Vickers Sekuritas Indonesia, PT Indopremier Sekuritas and PT Mybank Kim Eng Sekuritas," he said.

News Comment

Today's Industry

Oleg Mogilevsky - Product Marketing Manager at Check Point Software Technologies (Photo by Linkedin)

Selasa, 10 November 2020 - 11:00 WIB

Five Reasons to Reevaluate Your Endpoint Protection

With the new emerging threats caused by remote working standards, security professionals need to reevaluate their approach to protecting endpoints. In order to do so, it’s vital that organisations…

Darrell Adams, Head of Southeast Asia & Oceania, Universal Robots (Photo by LinkedIn)

Selasa, 10 November 2020 - 10:30 WIB

Collaborative Robots Open New Horizons in Quality Control Processes

Collaborative robots (cobots) offer suitable solutions to manufacturers. Hence, cobot-based quality control and inspection systems that can transition between different end products in very…

Ilustration Hackers (Photo by Microwire.info)

Jumat, 30 Oktober 2020 - 11:20 WIB

Organisations Paid Hackers US$23.5 Million for These 10 Vulnerabilities in One Year

HackerOne report reveals cross-site scripting, improper access control, and information disclosure top list of most common and impactful vulnerabilities.

Clean Earth Technologies (CET)

Jumat, 30 Oktober 2020 - 10:30 WIB

Clean Earth Technologies’ New Class Of Polymers Invented By Associate Professor, Justin Chalker, Receives Australian Pm’s New Innovator Award

Associate Professor Justin Chalker has invented a novel class of polymers synthesised directly from elemental sulphur which is a waste by-product of the petrochemical industry and renewable…

Adi Ikan - Network Research & Protection Group Manager, at Check Point Software Technologies (Photo by Linkedin)

Jumat, 30 Oktober 2020 - 10:05 WIB

Measuring the Global Impact of the NSA’s Top 25 Vulnerabilities Being Exploited In the Wild

NSA’s list of top vulnerabilities were used to launch 3 million attacks in 2020, with 2.5 million of those attacks occurring in the last 6 months.