Jakarta, October 2020 – As a continuation of the shelf-registration bond issuance in 2019, PT Indonesia Infrastructure Finance (“IIF”) have issued phase 2 (two) of the bond; Obligasi Berkelanjutan I Indonesia Infrastructure Finance Tahap II Tahun 2020 (“Bond”), with a principal amount of Rp1.500.000.000.000,- (one trillion five hundred billion rupiah). This bond will be officially listed in the Indonesia Stock Exchange on October 22, 2020.
For the purpose of this Bond issuance, IIF has carried out a bond rating by Pefindo. The Bond received a idAAA (Triple A) rating. When rated idAAA, this exhibits IIF’s capacity to meet its long-term financial commitment, relative to that of other Indonesian obligors, is superior.
In this initial public offering, the Bond will be consist of 3 (three) series. Series A with the principal amount of the bonds offered is Rp570.000.000.000 (five hundred and seventy billion Rupiah) with a fixed interest rate of 5.00% (five point zero percent) [with a period of 367 (three hundred sixty seven) Calendar Days from the date of issuance; Series B with the principal amount of the bonds offered is Rp810.000.000.000 (eight hundred ten billion rupiah) with a fixed interest rate of 6.65% (six point six five percent) [with a period of 3 (three) years from the Issuance Date; and Series C with a principal amount of bonds offered of Rp120.000.000.000 (one hundred and twenty billion rupiah) with a fixed interest rate of 6.90% (six point nine zero percent) with a period of 5 (five) years from the date of issuance.
The underwriter for this issuance are PT BNI Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Manridi Sekuritas, PT Indo Premier Sekuritas and PT Trimegah Sekuritas Indonesia Tbk. With the trustee is PT Bank Mega Tbk.
The use of proceeds is for bond repayment of Series A Shelf-registration Bonds I Phase I and the rest will be used by the Company to expand financing activities for infrastructure projects in accordance with the Company’s business activities.
“IIF’s efforts in developing upon a sustainable philosophy are not stressed on one factor. All aspects of our operations will have to be sustainable in a sense that is accountable and durable, including how we acquire funds to be channeled for our projects. Infrastructure is a long-term game, so IIF’s strategy is to become a long-term player. Even though 2020 is a year full of challenges, we are quite optimistic that we will continue to move on the right path because our vision and mission are clear,” said the President Director of IIF, Mr. Reynaldi Hermansjah.
PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (IIF) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank, Asian Development Bank (ADB) and other multilateral institutions, based on the Company’s Deed of Establishment. Business License is issued through a Decree of the Minister of Finance (KMK) Np 439 / KM.10 / 2010.
In its operations, IIF applies best practices based on international standards in providing credit, risk management and all aspects of corporate governance, and in applying international social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 299 15060; Fax. (021) 299 15061