Wednesday, October 27, 2010

Adira Finance upsize bonds

PT Adira Dinamika Multi Finance Tbk (Adira Finance), listed multifinance company, increased the emission value of bonds IV/2010 to IDR2 trillion from IDR1.5 trilion. The company claimed the offering of bonds IV/2010 were oversubscribed 1.7 times or for about IDR2.6
Adira Finance offers yields between 7.11%-9.7% for the five issued bonds series worth IDR1.5 trillion. The five bonds series are 18-month FR 25+FR 23 A Series with yield difference around 75 bps-150 bps. Meanwhile, it also releases the 24-month FR 23 B Series with yield difference at 75 bps-170 bps.As for, it also issues the 30-month FR 23+FR 20 C Series which offers 100bps-200 bps yield difference.The other two bond series are the FR 20 D Series and FR 51+FR 27 E Series offering 100 bps-225 bps and 125 bps-250 bps yield differences.

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