Jan 28, 2011

WOM Finance launches IDR1 trio bond

PT Wahana Ottomitra Multiartha Tbk (WOM Finance) today unveils its plan to raise Rp1 trillion from bond issuance.
In the bond prospectus published today, the bond, which is consisting of four series A, B, C, and D, will be used by the company to support consumer's financing.
A and B series of bond will mature in 4 and 2 years, while C and D series will due in 3 and 4 years. Four lead underwriters PT Danareksa Sekuritas, PT DBS Vickers Securities Indonesia, PT NISP Sekuritas, and PT OSK Nusadana Securities Indonesia will underwrite the bond.
At end of September last year, WOM Finance recorded Rp1.12 trillion, a slight increase from Rp1.04 trillion in September 2009.
Net income surged to Rp128.11 billion in September last year from Rp32.15 billion in the previous year.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: