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Adira Finance Releases Rp1.63 Trillion Bonds and Rp490 Billion Sukuk Mudharabah

JAKARTA – PT Adira Dinamika Multifinance Tbk. again released bonds, through the second phase of continuous public offering (PUB) IV of 2018 worth Rp1, 63 trillion.

The finance company also issued sustainable mudharabah III III phase II of 2018 amounting to Rp490 billion.

Kustodian Sental Efek Indonesia (KSEI) indicates that the public offering is part of the IV sustainable bond with a target of Rp9 trillion. While sukuk mudharabah sustained III targeting Rp1 trillion.

Continuing Bond IV II phase 2018 consists of four series, namely series A worth Rp836 billion with a fixed coupon of 6.10% p.a. per annum and tenure of 370 days; series B amounting to Rp80 billion with a fixed interest rate of 6.70% p.a. per year and tenor of 24 months.

Furthermore, series C worth Rp552 billion with fixed coupon 7.40% p.a. per year and tenor 360 months; and D series of Rp162 billion with fixed interest rate of 7.50% p.a. per year with a 60-month tenor.

Meanwhile, Sukuk Mudharabah III phase II 2018 consists of three series, namely series A worth Rp399 billion with a 370 day tenor, Series B amounting to Rp62 billion with a tenor of 36 months, and series C worth 29 billion with a 60-month tenor.

Adira Finance appointed several parties as underwriters of bond and mudharabah sukuk, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, PT Mandiri Sekuritas, PT RHB Sekuritas Indonesia and PT Trimegah Sekuritas Indonesia Tbk.

The mudharabah bonds and sukuk will be distributed electronically on March 21, 2018 and listed on the Indonesia Stock Exchange on March 22, 2018.

The Company will pay interest every three months with the first payment falling on June 21, 2018.

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Written by DI

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