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Clipan Finance Indonesia Releases Rp1 Trillion MTN

Jakarta -PT Clipan Finance Indonesia Tbk. issued medium term notes (MTN) worth Rp1 trillion.

In the page of PT Kustodian Sentral Efek Indonesia (KSEI), the finance company provides 9% interest to the MTN holders.

On Tuesday (27/3/2018), Director of KSEI Syafruddin wrote that the tenor of medium term debt for three years. Distribution of MTN IV Clipan Finance Indonesia 2018 was conducted on March 28, 2018.

Meanwhile, the MTN arranger is PT CGS-CIMB Sekuritas Indonesia, PT Evergreen Sekuritas Indonesia and PT Indo Premier Sekuritas. Interest payments are made every three months.

In previous reports Clipan Finance Indonsia (Clipan Finance) has prepared a strategy to add five to 10 new branch offices in several regions.

Clipan Finance plans to add 5 to 10 branches. Today, CFIN-coded stock issuers already have 45 branches, consisting of 32 marketing offices and 12 sales points.

Meanwhile, for financing, it targets the finance portfolio to grow by 15% -20% in 2018 driven by business expansion. Then until November 2017, the company has disbursed financing of Rp7, 2 trillion.

Until the end of 2018, it targets financing can reach Rp7, 5 trillion-Rp8 trillion.

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Written by DI

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