PT Federal International Finance (FIF) plans to issue medium term notes (MTN) with maximum value of IDR500 billion with 370 days tenure and 14 percent coupon.
PT Mandiri Manajemen Investasi claimed to be ready to absorb all the bonds which will use them all as the underlying assets for the issuance of Dana Mandiri Dana Protected Berkala Seri 7 mutual fund.
Managing Director of PT Mandiri Sekuritas Kartika Wirjoatmodjo said the bond here has wider market absorption potential with more mutual funds bought by the retail investors.
"The medium term notes issuance of FIR is in the pipeline. Mandiri Sekuritas will handle the bond issuance here," he said yesterday.
President Director of FIF Suhartono claimed for not having informed on the MTN issuance. "There is plan to issue MTN and Mandiri Sekuritas help assist the company to meet the regulation on bond issuance here."
Friday, April 24, 2009
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