JAKARTA – PT Adira Dinamika Multi Finance Tbk (ADMF) would issue the Shelf-Registration Bond V Phase II 2021 of IDR 1.3 trillion and Sukuk Mudharabah V Phase II 2021 of IDR 200 billion next week (15-19/7). Regarding this plan, PT Pemeringkat Efek Indonesia (Pefindo) has granted the ratings of idAAA (triple A) and idAAA (sy) (triple A shariah) for these two securities.
In its short prospectus, quoted Tuesday (6/7), the bond would be offered in two series, Series A and B of IDR 559 billion and IDR 741 billion each. The period span up to 370 days and three years, respectively. The interest rates had also been set to 4.25% and 5.50% per year for each series.
Sukuk Mudharabah would also be offered in two series, A and B, of IDR 134 billion and IDR 66 billion. The tenor would be 360 days and three years for each series, respectively. The profit-sharing rate for Series A is set to 4.25% per year and Series B 5.50% per year.
The funds collected from this corporate action would be allotted to consumer financing and murabaha. As of March 2021, Adira Finance scores IDR 19.34 trillion in consumer financing receivable accounts and IDR 2.29 trillion in murabaha financing. The debt related to the bond reaches IDR 5.89 trillion and Sukuk Mudharabah IDR 416 billion. (LK/ZH)