Oto Multiartha to Disburse Bonds www.suarapembaruan.com, 2006-01-22
Automotive financing company PT Oto Multiartha has declared that it is ready to pay its Rp.400 billion bonds through bank loans. The two bonds, Oto Multiartha bond II (2003) and Oto Multiartha IV series A (2005), are due respectively on 11 April 2006 and 6 August 2006. In order to settle its bond payments, Oto Multiartha has prepared bank loans such as asset sales and channeling. Per 30 December 2005, the company’s US$ denominated loan reached US$162 million, US$75 million of which originated from Sumitomo Corporation Capital Asia Singapore. In addition, the company also has a rupiah denominated loan of Rp.1.52 trillion from banks such as Hongkong and Shanghai Banking Coprorations (Rp.300 billion) and Bank Central Asia (Rp.260 billion). The company’s sales assets amounted to US$210 million. By the end of 2005, Oto Multiartha has booked a net profit of Rp.155.24 billion, which was a 23.36 percent raise compared to 2004’s net profit.
Oto Multiartha, PT
Indonesia Company Report
Last Update 29-January-2015
Major Businessline : Consumer finance for motor vehicle