Summit Offers 13.05 Percent to 13.45 Percent Yield Bisnis Indonesia, page B2, 2006-02-03
PT. Summit Oto Finance, a subsidiary of Sumitomo Corporation, will list three series of bonds, which in total are worth Rp.1 trillion and offer 13.05 percent to 13.45 percent yield, in March. The product calculation is based on a 55-to-65-point interest and FR002/FR005 bond yield. The bonds will expire in 24 to 36 months.
The company offers the 24-month-period Summit Oto I series A bond for a FR005 yield that ranges between 55 to 65 basic points. The 30-month-period series B bond is set for FR002 and FR005 yield and is subjected to the same premium as series A. Series C bond is set for a FR002 yield that ranges between 55 to 65 basic points. The series C bond will be valid for a period of 36 months.
Summit Oto Finance to Emit Bonds www.wartaekonomi.com, 2006-01-16
PT Summit Oto Finance will emit its Summit Oto Finance Bond I/2006, which is worth Rp.1 trillion. The sales income of the bond will be used as business capital. The company plans to list the shares in the Surabaya Stock Exchange.
The bonds will be emitted in three series: Series A (worth Rp.300 billion, valid for a period of 24 months), Series B (worth Rp.350 billion, valid for a period of 30 months) and Series C (worth Rp.350 billion, valid for 36 months).
The bonds will be guaranteed by PT ABN Amro Asia Securities Indonesia, while PT Bank Mandiri Tbk will act as custodian. The 2006 bond will be mitted with corporate guarantee from Bank of Tokyo Mitsubishi-UFJ Limited and Japan Bank for International Company (JBIC).
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Summit Oto Finance, PT
Indonesia Company Report
Last Update 16-January-2014
Major Businessline : Consumer finance, Leasing finance