PT Serasi Autoraya pick 4 underwriter, PT Mandiri Sekuritas, PT Indo Premier Securities, PT Victoria Sekuritas, and to sale IDR1 trilion bonds.
PT Pemeringkat Efek Indonesia affirmed the ratings for the proposed bond for a maximum amount of IDR1 trillion at idA+ with outlook stable.
Serasi Autoraya provides an integrated transportation services both for corporate and retail segments. These include car and motorcycle rental, used car trading, taxi, logistic services, and shipping services.
At end-February 2011, the company had 25,093 units of cars and 5,012 units of motorcycles for rental service, 367 taxi units, and four vessels. Serasi Autoraya is supported by 33 branches, 53 rental outlets, 14 service points, and 359 workshops throughout Indonesia.
The company also has 15 retail stores of used car and 10 logistic branches. The company is wholly owned by PT Astra International Tbk, one of the largest and most diversified corporations in Indonesia.
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