Bussan Auto Finance’s IDR 485 Billion Sustainable Sukuk Mudarabah Listed on IDX

Indonesian-based financing company, PT Bussan Auto Finance (BAF) has listed its Sustainable Sukuk Mudharabah I Bussan Auto Finance Phase II Year 2020 (Sukuk) with a nominal value of IDR 485 billion on the Indonesia Stock Exchange (IDX) on the 23rd of October 2020.

According to an IDX statement, the Sukuk issuance, which was rated AAA(idn) by Fitch Ratings Indonesia, is made up of two series.

The first is a Sustainable Sukuk Series A (SMBAFI01ACN2) with a nominal value of IDR 373 billion over a tenure of 367 days, with an 11.73% ratio with a profit-sharing equivalent of 5.75% per annum.

The second is a Sustainable Sukuk Series B (SMBAFI01BCN2)...