Nov 15, 2011

Adira launches Rp400 bio MTN

PT Adira Dinamika Multi Finance Tbk has issued Rp400 billion medium term notes (MTN) last week. The issuance was part of Rp6 trillion bonds to be sold via shelf registration mechanism within 2 years.
The MTN was consisting of two tranches, A and B with 18 months and 24 months maturity. Adira Finance has mandated PT NISP Sekuritas to arrange the issuance.
For the rupiah bonds, Adira Finance, a subsidiary of PT Bank Danamon Tbk (BDMN), has picked four lead underwriters such as PT CIMB Securities Indonesia, PT Indo Premier Securities, PT Mandiri Sekuritas, and PT Standard Chartered Securities Indonesia

Disclosure: No position at the stock mentioned above.

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