Astra Sedaya Bond Yields Fixed at 13.5%-14.9%

PT Astra Sedaya Finance (ASF) fixes yields for its bonds at 13.5%-14.9%. My source confided the subscription to Astra Sedaya bonds reached IDR1 trillion, while ASF only planned to issue IDR600 billion worth of bonds.
Astra Sedaya fixes yield for 370-day series A bond at 13.5%, for 18-month series B bond at 13.83%, for 24-month series C bond at 14.56%, and for 30-month series D bond as well as for 36-month series E bond at 14.9%.
Previously, Astra Sedaya fixed yields for bond X worth IDR600 billion at 12.99%-15.23% per annum by referring to the closing of T-bond prices in the middle of last month.
The company divides its bonds in five series, which have been rated idAA- with stable outlook by PT Pemeringkat Efek Indonesia (Pefindo).
Astra Sedaya benchmarks yield for 370-day series A bond against series FR10 T-bond plus 225 basis points (bsp)-325 bsp or equivalent with 12.99%-13.99%.
Yield for 180-month series B bond is benchmarked against series FR13 T-bond plus 225 bsp-325 bsp (13.30%-14.30%), while yield for 24-month series C bond is benchmarked against series FR15 T-bond plus 250 bsp-350 bsp (13.85%-14.85%).
In addition, yields for 30-month series D bond as well as for 36-month series E bond are benchmarked against FR22 series T-bond plus 250 bsp-350 bsp (14.23%-15.23%).
Astra Sedaya has appointed PT Indo Premier Securities, PT Mandiri Sekuritas, PT ING Securities, and PT HSBC Securities Indonesia as the underwriters.
In 2008, the company financed 91,674 units of vehicles worth IDR11.5 trillion, making the company record a net profit of IDR375 billion.