"By taking into account the company`s business growth and the current market the company decides to diversify its financing sources by issuing bonds," ADMF President Director Stanley Setia Atmadja said after public exposure here on Thursday.
The bonds will consist of series A, B, C and D. The series A bonds due in 370 days will be issued at a coupon of 7.3-7.8 percent and series B bonds due in 24 months at a coupon of 8-8.7 percent.
The series C bonds due in 36 months will be issued at a coupon of 8.75-9.5 percent and the series D bonds due in 48 months at a coupon of 8.9-9.9 percent.
He said the company had appointed PT DBS Vickers Securities Indonesia, PT Indo Premier Securities, PT Mandiri Sekuritas and PT Standard Chartered Securities Indonesia as bond issue underwriters.
ADMF has set the target of financing growth for 2011 at 15 percent compared with the previous year. Last year, the company`s total financing reached Rp25.9 trillion, a 78 percent increase compared with 2009.
"Based on the 2010 performance, we want our growth to be at least the same as the industrial growth of 15 percent. If it is higher it will be good. But it will not be as high as that of 2010 because the market in 2009 was not so good," he said.
(T.S012/H-YH)
Editor: Priyambodo RH
Copyright © ANTARA 2011
