Bisnis.com, JAKARTA - PT Federal International Finance will issue Shelf-Registered Bonds Phase II 2021 with a principal amount of IDR 1.75 trillion. The bonds are part of the ongoing public offering of Federal International Finance's Shelf-Registered Bonds V with a fixed interest rate with a target fund to be raised of Rp10 trillion. In the first phase, the company has issued Shelf-Registered Bonds Phase I of 2021 with a principal amount of IDR 1.5 trillion. Based on information disclosure on the Indonesia Stock Exchange on Monday (11/10/2021), the company will issue sustainable bonds worth IDR 1.75 trillion consisting of 2 series. The number of Series A bonds offered is IDR 975.33 billion with a fixed interest rate of 3.60 percent per year. The term of series A bonds is 370 calendar days from the issuance date. The number of Series B bonds offered is IDR 774.67 billion with a fixed interest rate of 5.30 percent per year. Series B bonds have a term of 36 months from the issuance date. Bond payments are made in full at maturity. Bond interest is paid quarterly from the issuance date, according to the bond interest payment date. The first bond interest payment for each series will be made on January 27, 2022, while the last bond interest payment will also mature on November 7, 2022 for series A and October 27, 2024 for series B, which is also the repayment date of each series of bonds principal. . "In order to issue these bonds, the company has obtained ratings for long-term debt securities from PT Pemeringkat Efek Indonesia, namely idAAA (triple A) and PT Fitch Ratings Indonesia (Fitch) namely AAA (idn) (Triple A)," the management wrote in the prospectus. . Acting as underwriters for the issuance of bonds, namely PT BCA Sekuritas, PT CIMB Niaga Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk. act as trustee. The company scheduled the bond public offering period on October 21-22 2021. The next date for listing the bonds on the IDX is October 28, 2021. "Funds obtained from this public offering, after deducting emission costs, will be used entirely by the company as working capital, particularly for motor vehicle consumer financing," explained the management.