Indonesia's Federal Finance sells 1 trln rph of bonds

JAKARTA, April 16 (Reuters) - Indonesian motorcycle financing
firm, PT Federal International Finance increased the size of its
planned bond issue to raise 1 trillion rupiah ($92.8 million) for
working capital, the firm's president director said on Thursday.
"We received strong demand for our bonds and we wanted to
take advantage of that," Suhartono told Reuters.
Suhartono said it had received bids up to 1.2 trillion
rupiah, doubling its initial target of 600 billion rupiah for the
bonds, which are priced to yield between 12.55-14.6 percent.
Federal -- owned by PT Astra International Tbk ,
Indonesia's largest automotive distributor -- said the bonds
would be offered in three tranches, with maturities ranging from
one to three years.
PT Indo Premier Securities, PT Kresna Graha Sekurindo and PT
Trimegah Securities were the underwriters.
Indonesia's annual domestic vehicle and motorcycle sales fell
27.4 percent and 10.8 percent respectively in February as
Southeast Asia's biggest economy slowed.
($1 = 10,780 rupiah)
(Reporting by Dicky Kristanto Editing by Sara Webb)
((ga.arka@thomsonreuters.com; Reuters Messaging:
ga.arka.reuters.com@reuters.net; +62 21 384 6364 ext 911))
((If you have a query or comment on this story, send an email to
news.feedback.asia@thomsonreuters.com))
Keywords: FEDERAL FINANCE INDONESIA/BOND

(C) Reuters 2009. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.

nJAK421849