The Company plans to offer bonds with a maximum principal amount of Rp600 billion. Hajimu Yukimoto, as Finance Director of JACCS MPM Finance Indonesia explained that this is the Company's second Bond issuance after the initial issuance in 2019, this is done as the Company's funding strategy in diversifying funding sources. The Bonds consist of 3 (three) series, namely, Series A Bonds with maturities of 370 (three hundred and seventy) calendar days, Series B Bonds with maturities of 3 (three) years, and Series C Bonds with maturities of 5 (five) calendar days. years from the date of issue. These bonds are offered at a value of 100% (one hundred percent) of the principal amount of the bonds and are guaranteed by a special guarantee in the form of fiduciary over Current Receivables with a Collateral value of at least 100% (one hundred percent) of the principal value of the outstanding bonds.

Bond interest is paid quarterly (3 months) from the issuance date, in accordance with the Bond interest payment date. The first Bond Interest payments for each series will be made on November 10, 2022 while the last Bond Interest payment as well as the maturity of the Bonds will be on August 20, 2023 for Series A, August 10, 2025 for Series B and August 10, 2027 for Series C which is also the settlement date of each principal series of the Bonds.

The Company has obtained an AA(idn) rating from PT Fitch Ratings Indonesia for the issuance of this bond. “All funds obtained from the proceeds from the Continuous Public Offering of these Bonds, after deducting the issuance costs will be used for working capital, namely for financing activities, finance leases and factoring as determined by the licenses owned by the Company based on the provisions and laws that apply”, said Hajimu Yukimoto.

The financing industry still has very good prospects, mainly due to Indonesia's fairly good economic growth and recorded an increase of 3.69% in 2021. Indonesia's economic growth is mainly supported by government consumption and investment as well as public consumption. In addition, the growth of the automotive market in Indonesia is still promising as the largest automotive market in ASEAN. National car sales in Indonesia in 2021 will reach 887,202 units, while motorcycle sales in Indonesia in 2021 will reach 5,057,516 units. In the transition period from the Covid-19 pandemic to recovery, the Company plans to diversify its funding through domestic and foreign banking loans, issuance of bonds, and issuance of medium-term debt securities.

In addition, the Company has strong support from shareholders, namely business support from PT Mitra Pinasthika Mustika Tbk in relation to financing a new Honda motorcycle and financial support from JACCS Co.,Ltd. (JACCS) in obtaining funding sources at competitive costs. JACCS is an affiliated company using the equity method of MUFG Bank, Ltd.

The Initial Offering Period (bookbuilding) will be held on 20 – 26 July 2022, and the Public Offering Period will be held on 2 – 5 August 2022. Meanwhile, the estimated allotment date will be 8 August 2022, and the estimated payment date as well as the Bond distribution date will be on 10 August. 2022. And these bonds will be listed on the Indonesia Stock Exchange on 11 August 2022.

In this public offering, the Company has appointed PT CIMB Niaga Sekuritas, PT Indo Premier Sekuritas, and PT Mandiri Sekuritas as the Managing Underwriters for the Bonds Issuance. Meanwhile, the Company appointed PT Bank Rakyat Indonesia (Persero) Tbk to act as the Trustee.