PT Federal Internasional Finance (FIF) prepares the issuance of the medium term notes worth IDR500 billion to support the financing expansion.
Now, the company has appointed PT Mandiri Sekuritas to become the underwriter.
FIF has either proposed loan to the World Bank subsidiary, International Finance Corporation (IFC) worth US$150 million. The loan proposal will be divided into three tranche, namely the US$100 million with four years tenure with fixed rate, the US$40 million with five years tenure with fixed interest rate in IDR, and the other US$10 million with five year tenure in foreign currency.
FIF booked net profit this semester by IDR300 billion or rose 66.7 percent up from IDR180 billion last year. The company targets IDR500 billion net profit by yearend.
As per June 2008, FIF realized the financing of 500,000 units of motorcycles or worth IDR5.7 trillion.
The number keeps climbing up as from 300,000 units last year. This year the company targets to realize the financing of one million units worth IDR12 trillion.
Tuesday, September 16, 2008
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