Jul 11, 2011

Pegadaian picks Mandiri to sell MTN

Perum Pegadaian, the state-controlled that provides loan to consumers with assets pledge, has picked PT Mandiri Sekuritas as lead underwriter to issue Rp1 trillion medium term notes (MTN). The proceed will be used by the company to meet financing this year. 
Pegadaian has also mandated PT Bahana Securities and PT Danareksa Sekuritas to underwrite Rp2 trillion conventional bonds.
"Yes, we will use the first quarter of financial statement as base to issue the debts. The offers are scheduled in September," said Pegadaian Finance Director Budiyanto as quoted by Bisnis Indonesia today.

Disclosure: No position at the stock mentioned above.  

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