JAKARTA. Publicly listed consumer financing firm PT BFI Finance Indonesia (BFIN) has issued medium term notes (MTN) to raise Rp 225 billion (US$25.2 million) needed to fund its leasing and consumer financing business, the company says.

The bonds were issued in two series: the A series will mature in two years (Rp 25 billion) and the B series will mature in three years (Rp 200 billion), according to a file submitted to the Indonesia Stock Exchange (IDX) on Thursday.

BFI Finance did not disclose the coupon rate and timeframe for the bond issuance.

“Arrangers for the MTN issuance were PT NISP Sekuritas and PT Danareksa Sekuritas, with [publicly listed] PT Bank Sinarmas Tbk acting as an oversight agent,” the file reads.

Shares of BFI Finance dropped 2.51 percent to Rp 4,850 each following the announcement on Thursday’s close.

The shares have advanced 70.2 percent over the past one year, easily outstripping the broader stock index. (Esther Samboh/The Jakarta Post)

Editor: Edy Can