IIF plans Rp2 trillion perpetual securities issuance
Tuesday, April 7 2026 - 07:11 AM WIB
By Romel S. Gurky
Infrastructure financing firm PT Indonesia Infrastructure Finance (IIF) plans to raise up to Rp2.0 trillion (about $117.6 million) through a perpetual securities offering targeted at professional investors, according to a disclosure document.
The issuance will be conducted under a shelf offering program, with the first phase in 2026 targeting proceeds of up to Rp1.0 trillion (around $58.8 million).
The perpetual securities will be issued without maturity and structured into two series, each offering fixed returns with optional call features. The company may exercise a redemption option after five years for Series A and after 10 years for Series B, with step-up rates, if the options are not exercised.
Proceeds from the issuance will be used to strengthen the company’s capital structure and support its infrastructure financing activities.
Read also: AGIT, BNI, IIF sign deal to fund Gorontalo port development
Indonesia Infrastructure Finance reported total assets of Rp15.39 trillion (approximately $905.2 million) as of Dec. 31, 2025, up from Rp14.66 trillion (about $862.1 million) a year earlier. Total liabilities rose to Rp11.93 trillion (around $702.0 million), while equity stood at Rp3.45 trillion (approximately $203.2 million).
The company posted revenue of Rp1.36 trillion (about $80.0 million) in 2025, slightly lower than Rp1.38 trillion (around $81.0 million) in 2024. Net profit rose to Rp185.29 billion (approximately $10.9 million), compared with Rp122.51 billion (about $7.2 million) in the previous year.
On the liability side, the company issued Rp1.5 trillion (about $88.2 million) in debt during 2025 as part of its funding strategy.
The securities are rated idAA by PT Pemeringkat Efek Indonesia, indicating strong creditworthiness.
The offering is expected to become effective on June 10, 2026, with the public offering period scheduled for June 12–15 and listing on the Indonesia Stock Exchange targeted for June 22.
Editing by Alexander Ginting