JAKARTA: PT Mandiri Tunas Finance, a multifinance company owned by PT Bank Mandiri Tbk, issued medium term notes II/2012 amounting IDR200 billion.
Referring to the disclosure at official website of PT Kustodian Sentral Efek Indonesia (KSEI), the 3-year MTN bears a fixed interest of 9.95%. Furthermore, PT UOB Kay Han will be acting as the underwriter.
Corporate Secretary at Mandiri Tunas Finance Hengki Heriandono said the MTN is ordinary loan thus it will be offered at rights issue to the stand-by investors.
“The proceeds from MTN will be budgeted for vehicle financing,” he told Bisnis yesterday.
The financing target this year is at IDR8.8 trillion or up 23.42% compared with last year’s realization. (T03/NOM)
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