INDONESIA PRESS-Adira to issue bonds worth up to 2 trln rph in April -Investor Daily

Wed Apr 16, 2014 9:55pm EDT

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Auto financing company PT Adira Dinamika Multi Finance plans to issue bonds worth up to 2 trillion rupiah ($174.91 million) by end of April or early May, to disburse more financing, said CEO Willy Suwandi Dharma.

Adira recorded new financing of around 8 trillion rupiah in the first quarter of this year, representing 22-23 percent of its 2014 full-year target of 38 trillion rupiah. (Investor Daily)

Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11434.5 rupiah) (Compiled by Jakarta Newsroom; Editing by Sunil Nair)