JAKARTA. PT Equity Finance Indonesia, a subsidiary of PT Equity Development Investment Tbk (GSMF), issued Medium Term Notes (MTN) without a public offering with a principal value of IDR 67 billion and double digit coupons.
In the securities registration information at the Indonesian Central Securities Depository (KSEI), it is said that the debt securities are registered under the name MTN Equity Finance Indonesia VIII Phase III - Phase IV Year 2021. MTN Phase III is registered with a principal of IDR 47 billion and a fixed interest rate of 13% per annum, MTN Phase IV Series A is registered with a principal of IDR 10 billion and fixed interest rate of 12.35% per annum, and MTN Phase IV Series B is registered with a principal value of IDR 10 billion and fixed interest of 13% per annum.
In the MTN issuance, Equity Finance Indonesia appointed PT Bank CIMB Niaga Tbk (CIMB) as a monitoring agent or trustee. Meanwhile, PT Equity Sekuritas Indonesia was appointed as arranger.
According to data from idnfinancials.com, Equity Finance Indonesia is a company that has been in the financing business since 1996. 99.45% of Equity Finance Indonesia's shares were controlled by GSMF as of September 30, 2020. (KR/LM)