INDONESIA PRESS-Adira aims 9 trln rupiah new financing in Q1 - Investor Daily

Thu Mar 6, 2014 8:35pm EST

Auto financing company PT Adira Dinamika Multi Finance Tbk is targeting 9 trillion rupiah ($784.14 million) of new financing in the first quarter of the year, said CEO Willy Suwandi Dharma.

The firm has secured syndicated loans totalling $200 million to support the business. Adira also aims to raise up to 4 trillion rupiah in a bond issuance this year. (Investor Daily)

Note: Reuters has not verified this story and does not vouch for its accuracy.

($1 = 11,477.5 rupiah) (Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu)