Thursday, 15 June 2023
Jakarta – PT Mandiri Tunas Finance (MTF)'s commitment to contributing to national economic growth is getting stronger. As one of the subsidiary companies of PT Bank Mandiri (Persero) Tbk (BMRI), MTF will increase funding sources, one of which is through the issuance of Sustainable Bonds VI Mandiri Tunas Finance Phase I 2023, which is targeted at IDR 1 Trillion from the total offering target of IDR 5 Trillion.
On June 9 2023, MTF has started the initial offering for Sustainable Bonds VI Mandiri Tunas Finance Phase I 2023 in an effort to increase financing. The Sustainable Bonds VI Mandiri Tunas Finance Phase I 2023 consist of two series, namely series A and B. Series A has a tenor of 3 years and offers a range of coupons or interest rates of 5.8 – 6.6% and series B with a tenor of 5 years offering a coupon or interest rate range of 6.10 – 6.95%.
The Main Director of Mandiri Tunas Finance, Pinohadi G. Sumardi, said “We will start making an initial bond offering on June 9 2023. The issuance of Sustainable Bonds VI Mandiri Tunas Finance Phase I in 2023 is one of the initiatives for future MTF business growth, where last year MTF managed to achieve brilliant performance by recording profits reaching IDR 750 billion or growing by 205.11% and this year MTF is optimistic that it can achieve brilliant performance again.” said Pinohadi in Jakarta (12/6/2023).
Financial Director of Mandiri Tunas Finance, R. Eryawan Nurhariadi added, “Funds collected from the issuance of Sustainable Bonds VI Mandiri Tunas Finance Phase I 2023 will be used as the Company's working capital for motor vehicle financing, as determined by the permit issued. owned by the Company based on applicable provisions and laws.” said Eryawan in Jakarta (12/6/2023).
In the framework of the issuance of Sustainable Bonds VI Mandiri Tunas Finance Phase I 2023, the Company has obtained the results of the long-term debt securities rating from PT Pemeringkat Efek Indonesia (Pefindo), namely the idAAA rating. MTF has a stable idAAA corporate rating due to strong support from its parent which has a strong business position, liquidity and financial flexibility.
To support this corporate action, Mandiri Tunas Finance has appointed underwriters for the bond issuance, namely PT Mandiri Sekuritas and PT Trimegah Sekuritas. Meanwhile, MTF appointed PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) to act as trustee.
For further information regarding PT Mandiri Tunas Finance bonds, you can visit the official Mandiri Tunas Finance website www.mtf .co.id.