JAKARTA. PT Adira Dinamika Multifinance Tbk (ADMF) will issue bonds and sukuks with an emission target of Rp 1.6 trillion.
Based on marketing data from Indo Premier Sekuritas quoted on Sunday (17/3), ADMF will issue two series' of bonds. Both instruments will have three series' each: Series A with a tenor of 370 days, Series B with a tenor of 36 months, and Series C with a tenor of 60 months.
The coupon rates for each series are 7.75%-8.25% for Series A, 8.50%-9.00% for Series B, and 9.00%-9.50% for Series C. The bookbuilding period is from March 13-27, 2019.
After the bookbuilding period ends, a final coupon rate will be decided. A public offering period will be held from April 11-12, 2019, and the instrument is targeted to be listed on the Indonesia Stock Exchange by April 18, 2019.
Both instruments are rated idAAA and idAAA(sy) by Pefindo. The bonds are guaranteed with current receivables of at least 50% of the bonds' principal value, while the sukuks are guaranteed with performing receivables of at least 50% of the sukuk mudharabah funds.
The issuance of these instruments aims for consumer payment in relation to the company's business activities, both conventional and mudharabah. (AM/MS)