PT BCA Finance may sell as much IDR1.5trillion of bonds in April or May to expand its financing business. The notes have a tenor of on to four years.
BCA Finance is one of the largest finance companies in Indonesia, with a focus on car financing. Its parent BCA is Indonesia's third-largest bank.
The company hired PT Bahana Securities and Trans Asia Securities and the brokerage units of DBS Group Holdings Ltd. and Standard Chartered Plc to help arrange the sale.
Fitch Ratings has assigned BCA Finance's proposed senior bonds IV/2011 an expected National long-term rating of 'AA+(idn)(exp).
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