Senin 20 Jan 2014 19:58 WIB

Multifinance companies rely on bond as financial source

Rep: Elba Damhuri/Mutia Ramadhani/ Red: Yeyen Rostiyani
An employee of a bank holds bundles of Indonesian rupiah banknotes at Bank Mandiri in Jakarta. (illustration)
Foto: Reuters/Supri
An employee of a bank holds bundles of Indonesian rupiah banknotes at Bank Mandiri in Jakarta. (illustration)

REPUBLIKA.CO.ID, JAKARTA - A number of multifinance companies plan to issue bonds as their financial source. But they have to wait until the market rebound. 

"We consider market conditions as it would affect amount of coupon's bond, which eventually becoming new charges," Director of The Finance, Eko B Supriyanto said on Monday.

Syndicated loan from foreign banks is also an alternative for multifinance companies. The competition of credit provision to multifinance companies will be tighter and riskier.

Some of multifinance companies, such as Indomobil Finance Indonesia, FIF Group and Adira Finance will issue bonds at least 10 trillion IDR. 

 

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