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Thursday, May 5, 2011

Mandiri Finance set D bond coupon 10.7%

Irvin Avriano A.
Bisnis Indonesia

Mandiri Finance set D bond coupon 10.7%

JAKARTA: PT Mandiri Tunas Finance, a PT Bank Mandiri Tbk multi finance subsidiary, set their D tranche VI/2011 bond coupon at 10.7%, still in range of their offered indication.

Two of capital market participant said the four tranche coupon set at 8.6% A tranche that tenured a year, 9.6% B tranche tenured 2 years, and 10% for C tranche which tenured 3 years.

"Has been decided last week," said one of the source yesterday.

The coupon decision is in range of 8%-8.75% indication for A tranche, 9%-9.75% B tranche, 9.625%-10.25% C tranche, and 10.5%-11.25% for D tranche.

The other participant said the company also have set the issuance amount for each tranche, A IDR48 bio, B IDR52 bio, C IDR350 bio, and D IDR 150 bio.

"The amount of issuance doesn't change."

The multi finance service company appoint PT Mandiri Sekuritas as their lead underwriter and PT Bank Mega Tbk as their trustee.

Mandiri Finance also already pocketed idA+ rating from PT Pemeringkat Efek Indonesia (Pefindo).

The company's president director Ignatius Susatyo Wijoyo can not contacted yesterday, either reply a short messages service. Mandiri Finance Harjanto Tjitohardjojo said he can not comment about the matter and advice to ask their finance director.

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