State owned SMF to issue Rp1 trillion bonds

JAKARTA (TheInsiderStories) – State owned home mortgage financing comp;any PT Sarana Multigriya Finansial is issuing bonds worth Rp1 trillion, aiming at raising fresh funds to expand its home financing activities. The bond offering will last until May 30, the company’s president director Ananata Wiyogo was quoted by Bisnis Indonesia as saying. The bonds consist of two series – series A bonds with tenor of 370 days will have coupon rate indication of 6.75-7.4 percent and series B bonds with tenor of 3 years will have coupon rate in a range of 7.4-8.15 percent. This will be the second bonds issued this year. In February, it issued bonds worth Rp1.67 trillion. (*)