Jakarta – In order to contribute to boosting the country's economy, several companies will increase their funding sources, one of which is by issuing bonds. PT Mandiri Tunas Finance (MTF) is no exception, which is one of the subsidiary companies of PT Bank Mandiri (Persero) Tbk (BMRI). On 7-24 January 2022, MTF held an initial offering of sustainable bonds V Mandiri Tunas Finance Phase III 2022 in an effort to increase financing.

Financial Director of Mandiri Tunas Finance, R. Eryawan Nurhariadi said “There are 2 types, namely series A, namely a 3 year tenor with an interest of 5.9% and series B, namely a 5 year tenor with an interest of 6.75%. The value we offer is also quite affordable where the minimum order is 5 million rupiah and multiples thereof.”

“The first bond interest payment will be made on May 23, 2022, while the final interest payment and maturity for each bond series will be on February 23, 2025 for series A bonds and February 23, 2027 for series B bonds.” Eryawan continued explaining.

In the framework of the issuance of Sustainable Bonds V Mandiri Tunas Finance Phase III in 2022, the company has obtained the results of the long-term debt securities rating from PT Pemeringkat Efek Indonesia (Pefindo), namely the idAA+ rating. MTF has a stable idAA+ corporate rating due to strong support from its parent which has a strong business position, as well as strong liquidity and financial flexibility.

“Currently, the development of the new car sales industry in Indonesia shows a positive trend. Based on GAIKINDO data, there was an increase in sales of new car units by 69% in the third quarter of 2021 compared to the same period in 2020. This is certainly a huge opportunity for the development of the multifinance industry in Indonesia. The funds obtained are planned to be used as working capital for motor vehicle financing.” said Pinohadi G. Sumardi as President Director of Mandiri Tunas Finance (10/3).

Mandiri Tunas Finance has appointed underwriters for the bond issuance, namely PT CIMB Niaga Sekuritas and PT Mandiri Sekuritas. Meanwhile, MTF appointed PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) to act as trustee. Based on the prospectus, the public offering period for these debt securities is scheduled for 16-18 February 2022 with an allotment date on 21 February 2022. The electronic bond distribution date is 23 February 2022 and the listing date on the Indonesia Stock Exchange is scheduled for 24 February 2022. Further details For information on PT Mandiri Tunas Finance bonds, you can visit the official Mandiri Tunas Finance website www.mtf.co.id< em>.