JAKARTA (Yosefardi) – PT Astra Sedaya Finance (ASF) upsizes its bond issue to Rp2.5 trillion from initial plan Rp1.5 trillion due to high demand, part of its Rp10 trillion bond issue program.
The bonds will be issued in 2 series, with tenor of 1 year and 3 years, offering coupon of 9.6% and 10.5% respectively.
ASF also mulls to issue medium term Notes (MTN) and global bonds. The company targets its financing to reach Rp26 trillion for this year.