Jakarta (ANTARA News) - PT MNC Securities is planning to issue bonds worth Rp300 billion this year to strengthen its working capital, its president director said.

The bonds called MNC Securities II would be classified into series A and series B with a maturity of three years and five years each, Wito Mailoa said in a public expose here on Tuesday.

The bonds series A worth Rp150 billion would carry a fixed interest rate of 11.75-12.5 percent and the bonds series B worth Rp150 billion would carry a fixed interest rate of 12.5-13.25 percent, he said.

Proceeds from the issuance of the bonds would be used as working capital to finance margin trading, increase portfolio investment and develop branch offices and technology, he said.

"Nearly 95 percent of the proceeds from the issuance of bonds will be used to strengthen working capital and the rest to develop branch offices and technology," he said.

Local rating agency PT Pemeringkat Efek Indonesia (Pefindo) has assigned a `BBB` rating to the bonds. The rating outlook is stable.

MNC Securities has appointed Panin Securities Tbk as a bond issue underwriter.

The bonds will be offered on May 24-30 and listed at the Indonesia Stock Exchange (BEI) on June 20.


Editor: Ella Syafputri
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