Dec 2, 2010

Adira Finance to issue Rp3 trio bonds

PT Adira Dinamika Multi Finance (Adira Finance) prepares a plan to issue Rp3 trillion bonds in order to finance its new multi-financing expansion by next year.
President Director of Adira Finance, Stanley Setia Atmadja revealed that the company will still seek loans merely to find a financing alternative as it still highly depends on PT Bank Danamon Indonesia Tbk as the holding company.
“We are preparing Rp3 trillion bonds issuance next year to gradually support our business expansion, yet, it’s not a final decision,” he said after attending the annual extraordinary shareholders meeting today.
Stanley also added that the company 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. “Since this is a plan, thus, we have not yet appointed any underwriter,” he said.

Disclosure: No position at the stock mentioned above.
 
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