PT Maybank Indonesia Finance plans to raise 1 trillion rupiah through an issuance of bonds, Fitch Ratings said Feb. 21.

The company established a second senior unsecured bond program of up to 5 trillion rupiah. It will issue three- and five-year bonds amounting to 1 trillion rupiah.

The company plans to use proceeds from the bond issue for working capital purposes.

As of Feb. 21, US$1 was equivalent to 13,615.00 Indonesian rupiah.