On Wednesday 1 May 2013, PT Mandiri Tunas Finance held a Public Expose in the context of the Sustainable Public Offering of PT Mandiri Tunas Finance Sustainable Bonds I which was held at Mutiara Ballroom 1 Hotel Gran Melia Kuningan Jakarta with a fixed interest rate with a target of funds to be collected amounted to IDR 1,250,000,000,000,-, (one trillion two hundred and fifty billion rupiah), where the principal amount of bonds for Phase I 2013 was a maximum of IDR. 500,000,000,000 (five hundred billion rupiah).
In the framework of this bond issuance, the Company has obtained the results of the rating of long-term debt securities (bonds) with a rating of idAA (Double A; Stable Outlook) from PT Pemeringkat Efek Indonesia (PEFINDO) . The bonds offered give the public the option to choose a tenor starting from series A with a tenor of 36 months and series B with a tenor of 48 eight months. Bond interest is paid every 3 (three) months.
The bonds offered are guaranteed by fiduciary collateral in the form of performing receivables of at least 60% of the principal value of the bonds outstanding.
Funds obtained from the proceeds of the public offering of these bonds After deducting all emission costs, the entire amount will be used as the Company's working capital for motor vehicle financing.
Acting as Managing Underwriter for this Bond Issue is PT Mandiri Sekuritas. Meanwhile, acting as Trustee is PT Bank Mega Tbk.
PT Mandiri Tunas Finance and Bond Underwriters plan (estimated) offering period from 1-16 May 2013, allotment on 3 June 2013 and listing on the Indonesia Stock Exchange on June 7, 2013.