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SERA Holds Investor Gathering 2018

Jakarta – PT Serasi Autoraya (SERA), as a company that provides transportation solution service, used car sales, and integrated logistics management, held Investor Gathering in Ritz-Carlton, Pacific Place, Jakarta, on Wednesday (March 28).

In this event that was attended by prospective investors, SERA held a public offering of its continuous bonds I phase I year 2018 worth Rp500 billion. The bonds were divided into Series A, B, and C in scripless trading. The bonds were rated AA-idn by PT Fitch Rating Indonesia (Fitch).

“The company’s good performance record, backed by its profile as a company that firmly upholds good company governance (GCG) in all levels of operations and solid financial position, makes SERA optimistic that the sales of the bonds will manage to raise the targeted proceeds,” SERA President Director Yosafat Siregar stated.

The bonds are sold at face value (100% of the bond’s principal). The bond interest will be paid every three months on fixed due dates.

The first payment of each series will be done on July 27, 2018; the last payment will be on May 7, 2019 for Series A; April 27, 2021 for Series B; and April 27, 2023 for Series C.

The bond holders will get the same treatment as the other creditors. SERA has trusted PT Indo Premier Sekuritas, PT Mandiri Sekuritas, and PT BCA Sekuritas as underwriters of this bond issuance.

“We are optimistic that investors will positively welcome the bonds as they have good rating, the company has a solid financial position, the business offers good prospects, not to mention the support from reputable shareholders and SERA’s management team that is experienced in the industry,” PT Indo Premier Sekuritas Director Rayendra L. Tobing said.

President Director Yosafat agreed with the sentiment, saying that the company holds a dominant position and a strong, trusted brand image in the market as a company that provides transportation solution service, used car sales, and integrated logistics.

The good performance is proven by the 100% increase of SERA’s net profit in 2017 compared to its achievement in 2016. The increase was mainly caused by increasing efficiency of cost of revenue by about 20%. The performance of all lines of the company’s business also keeps significantly increasing from year to year.

Next, SERA plans to obtain Registration Statement from the Financial Services Authority (OJK) on April 19, 2018 and hold public offering on April 23 and 24, 2018.

Allotment Date is scheduled to be on April 25, 2018, while electronic distribution will be done on April 27, 2018. Lastly, the bond issuance will be listed on Indonesia Stock Exchange (IDX) on April 30, 2018.


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