Mandiri Tunas Finance and Pegadaian Prepare Bond Issuances

Mandiri Tunas Finance (idAA/Stable) and Pegadaian (idAA+/Stable) are among other two issuers who have revealed the plan to release bonds this year. Mandiri Tunas Finance or TUFI planned to issue IDR1.4trn bond this year which will be split into two tranches, expected to be issued in the first and second semester this year. TUFI’s funding source is currently still dominated by joint financing with Bank Mandiri (idAAA/Stable). The company target to disburse IDR18trn financing this year (vs IDR16trn last year). Meanwhile, Pegadaian seeks to raise a whooping IDR7trn from bonds issuance which expected to issued IDR3trn this year and IDR4 trn next year.

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