During the bookbuilding period, the bonds offered received a positive response from investors where investor demand reached Rp. 3.153 trillion, oversubscribed 3.1 times more than the initial issuance plan of Rp. 1 trillion.
This bond is the initial bond issued by the Company and immediately successfully received by the market well. The bond structure consists of 2 series, namely Series A of Rp. 686B with a tenor of 1 year and a fixed interest rate of 4.70% per year and Series B of Rp. 314B with a tenor of 3 years and a fixed interest rate of 7.40% per year. The funds obtained from this bond issuance will be used for working capital such as financing cars, motorcycles and whitegoods.
Through this bond issuance, the Company has laid the foundation to continue to grow and develop to achieve the Company's target of becoming one of the largest multi-finance companies in Indonesia.
The Company said, "This first bond issuance is very meaningful because although there are obstacles in the issuance caused by market volatility due to global economic conditions that cause a decrease in investor interest in bonds, we are still successful in issuing bonds", they further said, "As an affiliated company of KB Financial Group which is a leading financial institution in South Korea, The Company has an excellent credit rating, high growth rate of the Company's performance and healthy asset quality so that it has received a good response from investors in Indonesia."
Meanwhile, the Company's total assets until the end of June 2022 amounted to IDR 6.61 trillion (around KRW 575.8 billion), an increase of 217% compared to July 2020 when the Company first joined as a subsidiary of KB Kookmin Card, in addition to that the average monthly financing disbursed also increased more than twice and continued to show high growth.Back To List