JAKARTA (Yosefardi) – PT Surya Artha Nusantara Finance (SANF), member of Astra Group, plans to
issue medium term notes (MTN) worth Rp1 trillion this year, issued in 2 series with tenor of 370 days and 3 years.
The company booked net profit of Rp242.47 billion in 2013, increased 9.5% from Rp221.39 billion in 2012. Revenues declined to Rp867.86 billion from previous Rp913.89 billion, of which income from direct financing leases accounted for Rp744.39 billion.
Meanwhile PT BCA Finance plans to issue bonds worth Rp500 billion, part of its Rp3.5 trillion bond program.
The bond will be issued in 2 series with tenor of 370 days and 36 months, offering coupon at 9% and 10%. The offering is scheduled for March 20, 21, and 24, 2014.