Adira Finance to Raise IDR2.4Trn from Bonds, Sukuk

Adira Dinamika Multi Finance, Tbk (ADMF IJ) is to raise IDR2.01trn from bonds and IDR386bn from sukuk mudharabah or Islamic bonds. For IDR2.01trn bond sale, the company will offer as much as IDR913bn worth of one-year bonds with a coupon rate of 7.50%, IDR860bn worth of three-year bonds with a coupon rate of 8.60%, as well as IDR241bn worth of five-year bonds with a coupon rate of 8.90%. On the other hand, the company is selling about IDR274bn Islamic bond that are set to mature in one year, IDR105bn for three-year, and IDR7bn for five-year. The bonds are scheduled to be listed on the Indonesia Stock Exchange (IDX) on 23 March 2017.

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