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ADMF will pay some of its maturing bonds

31 March 2020 16:11

JAKARTA. PT Adira Dinamika Multi Finance Tbk (ADMF) is preparing to pay off some of its bonds which will mature in mid-2020, with a total value of Rp.4.3 trillion.

I Dewa Made Susila, Finance Director of ADMF, admitted that there are some of the company's bonds that will mature in the middle of the year.

Funds obtained from the bonds, said Susila, have been used by ADMF for consumer financing. Therefore, his party will use payment from its customers to pay off its bonds.

"Every month [we collect] Rp 3 trillion from the installments from our customers. So that's our primary source to repay our loans, "Susila explained.

According to idnfinancials.com data, the bonds are ADMF Shelf Registration Bonds IV Phase VI Series A/2019, ADMF Shelf Registration Sukuk Mudharabah Bonds III Phase IV Series A/2019, and ADMF Shelf Registration Bonds IV Phase V Series A/2019. (KR/AR)

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