PT Sarana Multigriya Finansial (SMF) offered II/2009 bond coupon worth totally IDR350 billion with 1 and 3 years tenure at the level of 8.5-9 percent and 9.79-10.79 percent. The issuance is potentially to grow up.
The reference used for the one year tenure bonds used SPN and the three year tenure will use FR008 as the reference. Premium offered ranges at 150-250 bps above the reference yield.
The offered coupon shows the company remains optimistic the high customers demand as it targets investors with short term horizon.
The company opens chance to the additional issuance, would the demand and coupon required by the investors be considered lucrative. Bahana Securities acts as single underwriter here.
SMF targets bank customers and investment managers which prefer short term tenure investment instrument.
SMF targets bank customers and investment managers which prefer short term tenure investment instrument.
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