Adira Dinamika Multi Finance, Bank Danamon Indonesia’s financial unit, plans to sell Rp 2.5 trillion ($104 million) worth of bonds in the first half of next year in order to expand its business.
Dewa Made Susila, Adira’s chief financial officer, said that the company wanted to strengthen its lending capabilities for consumers seeking to purchase cars and motorbikes. “We plan to issue Rp 2 trillion in conventional bonds and Rp 500 billion of sukuk [Islamic bonds] in the first half of 2013,” Made said in a text message to the Jakarta Globe on Monday………………………………………..Full Article: Source