JAKARTA. PT Sinar Mas Multifinance, a subsidiary of PT Sinar Mas Multiartha Tbk (SMMA), targets to raise Rp 708.3 billion by issuing Sinar Mas Multifinance's Shelf Registration Bonds II phase I/ 2020.
Sinar Mas Multifinance offers these bonds in two series, A and B. Series A has a total value of Rp 207.3 billion with a fixed interest rate of 9.7% per year and a tenor of 370 calendar days, while Series B has a total value of Rp 501 billion with a fixed interest rate of 11.50% per year and a 5-year tenor.
The bonds were registered at the Indonesian Central Securities Depository (KSEI) on 17 July 2020. For the bond issuance, Sinar Mas Multifinance appointed PT Sinarmas Sekuritas as the underwriter.
According to idnfinancials.com data, Sinar Mas Multifinance's total asset value was recorded at Rp 8.8 trillion as of the end of March 2020. (KR/AR)