Jakarta (ANTARA News) - Automobile leasing company PT Astra Sedaya Finance said on Wednesday it will issue local-currency bonds worth Rp1 trillion this year to strengthen its working capital.
The bonds will be divided into six series with maturity ranging from 370 days to 42 months, according to the company`s prospectus.
However, the prospectus does not disclose the interest rates of the bonds to be payable every quarter starting on June 5 next year.
The bonds will be traded at the Indonesia Stock Exchange (BEI) starting on March 6 this year.
Astra Sedaya in the first ten months of 2007 posted a net profit of Rp249.68 billion. The figure stood at Rp210.71 billion in 2006, up 26.5 percent from a year earlier.
The company is currently 47 percent owned by PT General Electric Services, a subsidiary of General Electric Co, 44.28 percent by PT Astra International, Indonesia`s largest automotive distributor, and 8.72 percent by PT Sedaya Multi Investama.
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