The value of the first asset-backed securities (EBA) issuance in Indonesia by PT Sarana Multigriya Finansial (SMF) probably stands at IDR11 billion or 11 percent of the former target of IDR100 billion.
Pension fund of PT Bank Ta-bungan Negara [BTN] absorbed IDR3 billion, and PT Bank Rakyat Indonesia Tbk (BRI) IDR8 billion. Thus the SMF as the standby buyer spends IDR89 billion to absorb the remaining EBA.
Wednesday, February 11, 2009
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