May 2014, Adira Finance bond issue Rp 1.5 trillion

PT Adira Multi Finance Tbk ( ADMF ) will issue bonds worth Rp 1.5 trillion in May 2014 . This is part of an ongoing bond issue for a total of Rp 8 trillion . The bonds that have been issued amounting to Rp 4 trillion .

"Later, the funds from the bond issue will be used to shore up the financing business this year , " said Director of Adira Finance , Willy S. Dharma , in Jakarta , Wednesday ( 16/4 ) .
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In addition to the bond , the auto finance company has obtained a syndicated loan of USD 200 million . This syndicated loan is derived from foreign banks such as Citibank , Bank of Tokyo Mitsubishi UFJ , and Deutsche Bank .

" All the funding for both the bond and syndicated loan will be used to support the financing of the company, " he explained .

In the first quarter 2014 , Adira noted motorcycle finance portfolio of Rp 4.5 trillion . Rose 21.6 percent over the same period last year of Rp 3.7 trillion .

" To finance a new car in the first quarter of this year rose 11 percent , while used cars rose 15 percent , " he said .

Adira Finance's total outstanding financing reached Rp 48.5 trillion, up 8 percent over the same period the previous year . By 56 percent channeled to finance the remaining motorcycles and four-wheel .

" Target outstanding financing of Rp 38 trillion , identical to last year . Now it is about 22 per cent - 23 per cent of the target is achieved , " he said .

New Booking Adira Finance rose 15 percent to Rp 8 trillion from Rp 6.9 trillion . " This growth is sustained by motorcycle financing . "

source:http://www.merdeka.com/