BCA Finance launches Rp500Bn bonds

PT BCA Finance kicks off the offering of Rp500 billion bonds with five maturities (15-48 months). The proceeds will be used for working capital.

BCA Finance also offers sub-ordinated bonds of Rp100 billion. The company had total asset of Rp1.82 trillion as of Sept 30, 2009. The financing company reported net profit of Rp264 billion in nine months of 2009 on sales revenue of Rp573.9 billion. The company's net profit grew substantially from Rp50 billion in 2004 to Rp192 billion in 2008.

BCA Finance is controlled by Bank Central Asia with 99.58% ownership. The company involves in motorcycle and cars financing.

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