Wednesday, April 16, 2014

WOM Finance to Issue Bonds Rp 600 billion

PT rides Otomitra Multiartha Tbk ( WOMF ) plans to issue bonds totaling Rp 3 trillion platform . This year the amount to be issued around Rp 600 billion in the second quarter .

The bond issuance will be used to support the financing of the company . " We are targeting the financing for this year to Rp 6 trillion, or about 580 thousand units of motorcycles , " said President of WOM Finance Djaja Suryanto Sutandar after doing the general meeting of shareholders in Jakarta , Wednesday, April 16, 2014 . Number was 9 percent higher than the year , 2013. Regarding earnings and revenue targets this year , Djaja reluctant to explain .
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Throughout 2013, the company recorded a used motorcycle financing grew 31.5 percent, from 108,337 units to 142,495 units . The new motorcycles increased 0.1 percent compared to 2012, from 393,343 units to 393,646 units last year . When viewed as a whole , the number of units financed by mTOR bike company throughout 2013 as many as 536 141 units , an increase of 6.9 percent

The issuance of such bonds , said Djaja , 30 percent are part of the company's sources of funding other than bank loans . Met at the same place , WOM Finance Director Financ , Zacharia Susantadiredja said at least there are some banks that have agreed to provide a loan , such as Panin , BCA , Mandiri , HanaBank , Nobubank , UOB , ANZ , HSBC and Chartered Stand .

" Approximately 70 percent of our funding sources are still of the parent , ie BII . Many as 30 percent of other bank loans and bond issuance , " he said . Issuance of bonds and bank loans are recognized as a cheap funding alternative mencarai .

In a later bond issue , WOM appoint some such securities as underwritterer Bahana , Indo Premier , HSBC , and Kim Eng Securities .

source:http://www.tempo.co/

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