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BFI Finance Indonesia to issue 835B rupiah of bonds

Indonesia's PT BFI Finance Indonesia Tbk plans to issue up to 835 billion rupiah of senior bonds, Fitch Ratings said Oct. 17.

The bonds will be issued under the company's existing senior unsecured bond program III and will have tenors of 370 days, two years and three years.

The company will use proceeds from the issue for working capital purposes.

As of Oct. 17, US$1 was equivalent to 13,511.00 Indonesian rupiah.