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| Source: Adira Dinamika Multi Finance website. |
Indonesian financing firm Adira Dinamika Multi Finance, the automotive financing arm of private lender Bank Danamon, is speaking to Malaysian underwriters about offering sukuk in Malaysia in the second half of 2014 to source more funds, reported the Jakarta Post on July 2.
The ringgit denominated sukuk will be Adira’s first attempt at selling debt papers overseas, Adira's President Director Willy Suwandi Dharma was quoted as saying.
The company needs about Rp500 billion (US$42.38 million) for the rest of the year, and will use sukuk as well as other channels in other to raise funds, said the Jakarta Post.
The ringgit denominated sukuk will be Adira’s first attempt at selling debt papers overseas, Adira's President Director Willy Suwandi Dharma was quoted as saying.
The company needs about Rp500 billion (US$42.38 million) for the rest of the year, and will use sukuk as well as other channels in other to raise funds, said the Jakarta Post.