Apr 21, 2011

Adira sets bonds coupon at 7.3%-9.9%

PT Adira Dinamika Multifinance Tbk (Adira Finance) is planning to raise Rp2 trillion by issuing rupiah denominated bonds in four different tranches scheduled on May 26 2011.
A source close to the deal said the tranche 1 and tranche 2, maturing in 379 days and 2 years, will be offered at a range of annual coupon at 7.3%-7.8% and 8.1%-8.7% respectively.
The tranche 3 and tranche 4, maturing in 3 years and 4 years, will offer the range of 8.75%-9.5% and 8.9%-9.9% respectively. Adira Finance aims to use the proceed 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.
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.  

Print This Article

No comments: