04.12.2012 - Adira to raise Rp 9 trillion to fund next year’s operations
Financing firm PT Adira Dinamika Multi Finance (ADMF) aims to generate a total of Rp 9 trillion (US$937.01 million) from the issuance of bonds and Islamic bonds. The firm plans to hold several phases of bond issuance, the first phase is scheduled for February. Publicly listed Adira, part of Bank Danamon, expects to raise Rp 2 trillion from bonds and Rp 500 billion from Islamic bonds during the February bond issuance, Adira chief finance officer I Dewa Made Susila said. The bonds and Islamic bonds are expected to raise Rp 8 trillion and Rp 1 trillion, respectively, when all phases have been completed. Adira will use the funds generated by the bonds to support its financing operations, which cover the motorcycle and car segments...............................................Full Article: Source
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