JAKARTA (Indonesia Today) – Car financing firm PT BII Finance, subsidiary of PT Bank Internasional Indonesia Tbk, plans to issue bond worth Rp500 billion in 2013.
Alexander, BII Finance’s president director, said the bond issue is scheduled for the first quarter or second quarter of 2013, to help fund car financing next year.
He said the company targets financing to grow 20% to Rp7.9 trillion next year. For this year, the company targets to book financing of Rp6.6 trillion.
Alexander added BII Finance also offers to extend tenor of financing to 5 years with fixed rate from current 3 years. (hans@theindonesiatoday.com)