ACC plans to issue IDR1.5 trillion bonds

PT Astra Credit Company (ACC), PT Astra International Tbk’s subsidiary, plans to unveil bonds at a minimum size of IDR1.5 trillion by the end of the first half next year to strengthen financing expansion.
The company attempts to increase its financing and maintain its compounded annual growth rate (CAGR) within the range of 20%-25% every year.
Around 40% of company financing need was derived from the external resource. The company is eyeing IDR8.5 trillion financing this year.
At the moment, nearly 70% of company’s financing is disbursed to purchase new vehicles and only 30% is used for the purchase of old vehicles. Apart from the bond issuance, his company plans to further derive the external source through credit syndication bank.