Adira Dinamika Plans Rp 2.5t of Bond Sales in June
Jakarta. Adira Dinamika Multi Finance, the auto financing unit of Bank Danamon Indonesia, plans to raise Rp 2.5 trillion ($1.9 billion) from bond sales next month, in a move to support its business expansion.
The financing company will sell conventional bonds worth Rp 2 trillion, and Islamic bonds worth Rp 500 billion, said I Dewa Made Susila, Adira’s finance director. He did not elaborate on the bonds’ tenure and yields.
Adira’s new loan growth rose 1.1 percent to Rp 34 trillion last year. The company aims 5 percent in growth on new financing this year.
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Source: The Jakarta Globe