INDONESIA: Adira Finance plans to publicly offer Phase III of its 2024 Adira Finance V Shelf-Registered Sukuk Mudarabah worth IDR400 billion (US$24.61 million) from the 24th to 29th April 2024, reported Bisnis.com.
The Sukuk facility consists of three series, namely Series A worth IDR338.9 billion (US$20.85 million) that carries a profit rate of 6.4% per year and a tenor of 370 days; Series B worth IDR39 billion (US$2.4 million) that carries a profit rate of 6.55% per year and a 36-month tenor; and Series C worth IDR22 billion (US$1.35 million) that carries a profit rate of 6.65% per year and a 60-month tenor.
BRI Danareksa Sekuritas, Indo Premier Sekuritas, Mandiri Sekuritas, Mega Capital Sekuritas and Trimegah Sekuritas Indonesia will assist as underwriters in the bond and Sukuk issuances.
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