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Jakarta, December 2019 – After holding an investor gathering in November 2019, PT Indonesia Infrastructure Finance (“IIF“) listed its Shelf-Registration Bonds Phase I. The initial bond issuance ceremony took place on Thursday, December 19, 2019. Mr. Reynaldi Hermansjah as CEO, Mr. I Made Wiracita Tantra as CRO, Ms. Devi Pradnya Paramita as CFO, Ms. Hilda Savitri as CIO and Mr. Irman Boyle as Head of the Directorate of the Group Advisory are the Executive Committee present during the event.
At this stage, IIF offers a Triple A rated bond as rated by PT Pemeringkat Efek Indonesia (Pefindo) with sum total of Rp1,5 Trillion to be issued in three series, namely Series A with a principal amount of Rp 965,000,000,000, and 6,75% coupon rate (370 days tenor); Series B with a principal amount of Rp 372,000,000,000, and 7,75% coupon rate (3 years tenor) and Series C with a total principal amount of Rp 163,000,000,000 and 7,9% coupon rate (5 years tenor). For this issuance, CGS-CIMB Sekuritas Indonesia, Danareksa Sekuritas, Mandiri Sekuritas, Indo Premier Sekuritas, and Trimegah Sekuritas Indonesia are the Joint Lead Underwriter (“JLU”). Acting as the Capital Market Supporting Professionals are; Assegaf Hamzah & Partners as the legal consultant, Ernst & Young as the independent auditor, and PT Bank Mega, Tbk. as the trustee.
“This issuance is the second bond issued by IIF after the first one in 2016. IIF will use the acquired funds to expand infrastructure projects financing activities in accordance with the Company’s business activities and refinancing. As of 2019 the sectors we fund the most are electricity, roads, water & waste and airports” as explained by the President Director of IIF, Mr. Reynaldi Hermansjah.
As of June 2019, IIF has channeled infrastructure development funds with a net investment commitment of more than Rp10 trillion. The total project cost surpassed Rp150 trillion, which 80% of IIF’s creditors are private sector. This milestone is a form of IIF’s commitment in accordance with its mandate as a catalyst in infrastructure development in Indonesia. In supporting sustainable infrastructure development, IIF applies Social and Environmental principles to creditors as part of financing requirements.
“It is with great pride IIF can issue bonds again after 2016. This reflects the investor’s and market’s trust in contributing to infrastructure development financing in Indonesia while enforcing Social and Environmental principles for sustainable development” as remarked by Mr. Reynaldi Hermansjah.
PT Indonesia Infrastructure Finance:
PT Indonesia Infrastructure Finance (IIF) is a private non-bank financial institution, that engages in infrastructure financing and advisory services that are managed professionally and focuses on commercially viable infrastructure projects. IIF’s core business aims to support the development and financing of infrastructure in Indonesia by engaging the private sector in both domestic and international and multilateral institutions, thus thriving to be a catalyst.
IIF was established on 15h of January 2010 based on the initiative of the Republic of Indonesia – and the Ministry of Finance together with World Bank, Asian Development Bank (ADB) and other multilateral institutions. in accordance with the Regulation of the Minister of Finance of the Republic of Indonesia (PMK) No 100 of 2009 regarding Infrastructure Financing Company.
Products provided by IIF includes senior loan, subordinate loans, and mezzanine loans available in Rupiah (IDR) and the United States Dollar (USD) along with various fee-based services. Advisory services offered by IIF covers financial advisory and project transaction catered to the Public and Private sectors.
In its operations, IIF applies best practices based on international standards in its credit, risk management and all aspects of its corporate governance, and in implementing international social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.
Further Queries:
Nastantio W. Hadi
SVP Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 299 15060; Fax. (021) 299 15061