Jakarta - PT BFI Finance Indonesia Tbk (BFIN) affirms its commitment to pay off the companys Shelf Registration Bond V BFI Finance Indonesia Phase III Year 2023 Series B worth IDR 227 billion, which will mature on January 27, 2025.
In an official statement, BFIN Director Sudjono explained that the funds for principal and interest repayment have been fully prepared from the companys internal funds. The funds are currently placed in the form of current accounts and deposits in several banks.
“We are optimistic that we can fulfil all obligations according to the predetermined schedule,” he said.
The bonds were previously listed on the Indonesia Stock Exchange (IDX), on 30 January 2023 with a total issuance value of IDR1.1 trillion.
The bonds consist of three series, namely First, Series A with a nominal value of IDR 617 billion and a fixed interest rate of 6.25% per annum and a maturity of 370 days, (Second, Series B, nominal value of IDR 227 billion, fixed interest rate of 7.00% per annum and a maturity of 2 years), Third, Series C, nominal value of IDR 256 billion, fixed interest rate of 7.375% per annum and a maturity of 3 years.
The bonds are rated A+ (idn) by PT Fitch Rating Indonesia, indicating a high level of confidence in the companys credibility.
Timely repayment is expected to strengthen investor confidence and maintain BFI Finances reputation in the financing industry. (DK/LM)