JAKARTA. Publicly listed consumer finance company PT Mandala Multifinance (MFIN) is looking to pocket Rp 1 trillion (US$77 million) from bond issuances to boost its motorcycle-focused financing. The first part of the issuance, worth Rp 500 billion, was announced on Thursday while the timing for the second tranche will depend on market conditions. PT BCA Sekuritas, PT CIMB Securities Indonesia and PT Indo Premier Securities have been appointed as underwriters for the offering. The Rp 500 billion bonds will be divided into three series. The A series, with a maturity period of about one year, will offer a coupon of between 9.5 and 10 percent, while the B series, with a maturity period of about two years, offers a 10 to 11 percent coupon and the C series, which will mature in three years, offers a 10.5 to 11.5 percent coupon. The coupon would be paid quarterly.
Mandala aims to collect Rp 1 trillion from bonds
JAKARTA. Publicly listed consumer finance company PT Mandala Multifinance (MFIN) is looking to pocket Rp 1 trillion (US$77 million) from bond issuances to boost its motorcycle-focused financing. The first part of the issuance, worth Rp 500 billion, was announced on Thursday while the timing for the second tranche will depend on market conditions. PT BCA Sekuritas, PT CIMB Securities Indonesia and PT Indo Premier Securities have been appointed as underwriters for the offering. The Rp 500 billion bonds will be divided into three series. The A series, with a maturity period of about one year, will offer a coupon of between 9.5 and 10 percent, while the B series, with a maturity period of about two years, offers a 10 to 11 percent coupon and the C series, which will mature in three years, offers a 10.5 to 11.5 percent coupon. The coupon would be paid quarterly.