PT Adira Dinamika Multi Finance Tbk (Adira Finance) plans to issue IDR3 trillion bonds in order to finance its new multi-financing expansion by next year.
The company also seek loans merely to find a financing alternative as it still highly depends on PT Bank Danamon Indonesia Tbk as the holding company.
Adira Finance may also issue medium terms notes (MTS) beside the three-year bonds particularly after the Financial Institutions and Capital Market Supervisory Agency (Bapepam-LK) straightens up the existing regulation.
Adira Finance shall be derived from internal cash, banking loan and capital market through bonds issuance. As a matter of fact, the company poses the interest to issue medium terms notes (MTN) with one year of processing period as it still waits for the clearer regulations.
PT Kustodian Sentral Efek Indonesia recorded the bonds value of Adira Finance maturing next year to reach IDR141 billion, derived from Adira Finance Bonds II and III, C and B series. Adira Finance’s total bonds maturing on 2014 amounted IDR2.5 trillion.
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