Apr 20, 2011

Adira Finance unveils Rp2 trillion bonds

PT Adira Dinamika Multifinance Tbk (Adira Finance) is planning to raise Rp2 trillion by issuing rupiah denominated bonds scheduled on May 26 2011.
In the issuance prospectus recently published, the bonds proceed will be used by Adira Finance to support consumers financing.
PT DBS Vickers Securities Indonesia, PT Indo Premier Securities, PT Mandiri Sekuritas, and PT Standard Chartared Securities Indonesia are the lead arrangers for the bonds issuance.
The A series bond will have 18 months maturity, B series and C series will fall due within 24 months and 36 months respectively.
Adira Finance is a 95% controlled by PT Bank Danamon Indonesia Tbk and public shareholders own the remaining shares.

Disclosure: No position at the stock mentioned above.  

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