SMF in Search of Fresh Funds to Finance Mortgages

State-owned company Sarana Multigriya Finansial (SMF) has prepared a new round of self-registration bond s with the intention of securing another IDR12trn (USD897) in fresh funds to support its mortgage refinancing business. The bonds would be issued in several stages starting from the second quarter until 2018, with the ceiling for the bonds is twice that of the company’s previous shelf registration bonds, which was valued at IDR6trn. The new round of bond issuance is expected to support the company’s target of channeling IDR7.7trn of total financing this year, which represents a 10.6% increase comparedto the IDR6.96trn disbursed last year. Of the targeted figure, IDR5.7trn is expected to support the company’s refinancing business while the remaining IDR2trn will be disbursed for securitization transactions.

Adhi Karya Achieves New Contract IDR12Trn

Waskita Karya Secure its Income of IDR15Trn

Total New Contract Worth IDR3.25Trn

Indonesia Government Raised IDR12trn in the First Auction 2016

Bonds Auction Oversubscribed by 3.7 Times