JAKARTA - PT Adira Dinamika Multifinance Tbk (ADMF), a finance company owned by PT Bank Danamon Indonesia Tbk (BDMN), will issue Shelf Registration Bond VI Phase IV/2024.

The debt securities were issued with a total principal amount of IDR 2.07 trillion. ADMF plans to issue the bonds in three series.

Series A bonds are offered with a principal amount of IDR997.1 billion, an interest rate of 6.75% and a tenor of 370 calendar days. Then, Series B Bonds will be issued in the amount of IDR 856.08 billion, with an interest rate of 6.95% and a tenor of 36 months. Finally, Series C Bonds are offered at IDR213.81 billion with a coupon of 7.05% and a tenor of 60 months.

ADMF's management said that the proceeds from the bond issuance will be used for consumer financing, as the company's core business activity.

The bond public offering period will take place on 10-11 February 2025. Bond distribution will take place on 14 February 2025 and listing on the Indonesia Stock Exchange (IDX) on 17 February 2025. (KR/LM)