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Monday, May 31, 2010

Oto Multiartha raised their bond issuance to IDR1.3 trio

Oto Multiartha raised their bond issuance to IDR1.3 trio

Irvin Avriano A.

JAKARTA: PT Oto Multiartha, an automotive multifinance subsidiary of Summitomo Corporation, raised up their VII/2010 bond issuance from IDR1 trillion, the original target, to IDR1.3 trillion.

From the PT Kustodian Sentral Efek Indonesia (KSEI) official website today, the issuance has been allowed by the capital market authority and still waiting for the code by the PT Bursa Efek Indonesia.

The issuance divided into 4 tranches and tenures. The A tranche worth IDR300 billion which tenured a year and couponed 7.9%, B tranche worth IDR225 bio for 2 yrs and 8.7%, C tranche worth IDR575 bio for 3 yrs and 10.05%, and D tranche worth IDR200bio for 4 yrs and 10.65%.

The data also confirmed the earlier report in Bisnis Indonesia last week that shows the raising value of the bond issuance and the coupon that will be given to their investor for every year that given in every three months.

PT DBS Vicker Securities Indonesia, PT HSBC Securities Indonesia, and PT Standard Chartered Securities Indonesia are the lead underwriter for the bond issuance.

The automotive financing company plans to list their bond in the bourse board in early June.



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