Dec 16, 2010

San Finance launches Rp300 bio bonds

PT Surya Artha Nusantara Finance (San Finance), affiliated of Astra financial services, today launches Rp300 billion bonds I scheduled on January 26 2010. The proceed will be used by the company to fulfill working capital requirement.
Referring to the bonds prospectus published today, San Finance's bonds comprise three different series, A, B, and C. A series mature in 370 days since the issuance, B series mature in 2 year and the remaining will due in 3 years.
PT NISP Sekuritas is the only bonds underwriter of San Finance. PT Sedaya Multi Investama is 60% holder of San Finance, Marubeni Corporate holds 35%, and PT Marubeni Indonesia owns 5% stake.
 
Disclosure: No position at the stock mentioned above.  

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