Middle SMF Assess Options for Long Term Funding

By : Abraham Sihombing And Aldo Bella Putra | Tuesday, October 10 2017 - 19:00 IWST

PT Sarana Multigriya Finansial (SMF) (Foto Ist)
PT Sarana Multigriya Finansial (SMF) (Foto Ist)

INDUSTRY.co.id - Jakarta - PT Sarana Multigriya Finansial (SMF) is now reviewing several ways to obtain long-term financing at low interest rates. The funding will be used to finance mortgage bills from mortgage brokers cooperating with SMF.

"To obtain the funding, we can do three options, namely the issuance of regular bonds, can also be the issuance of Securities Licensed Assets Letter of Participation (EBA-SP), or other possibility is the issuance of global bonds denominated in rupiah," said Heliantopo SMF Finance and Securitization Director, in Jakarta, Monday (09/10/2017).

Heliantopo said, it will continue to seek sources of funds of competitive interest. So in this issue, there are two problems faced, namely the amount of the nominal value of funding and the amount of interest costs.

Heliantopo revealed, it will continue to open various opportunities available to obtain long-term funding. One of the most enabling options for the time being is the issuance of global bonds denominated in rupiah.

"Currently, we are studying the possibility to issue global bonds denominated in rupiah. We are also looking for the right time to issue this type of bond," said Heliantopo.

Heliantopo said that the option still depends on the company's liquidity requirement. It is currently preparing the Company's Work Plan and Budget (RKAP) 2018.

This is done to determine the projected needs and availability of liquidity to meet housing finance. SMF may issue a global bond in rupiah next year. It depends on SMF's liquidity by taking into account global investor opportunities for Indonesia.

"If global bonds are okay and we count in, we run. We are currently looking at the process of issuing global bonds of rupiah-denominated bonds owned by PT Jasa Marga Tbk," concluded Heliantopo. (Abraham Sihombing)

News Comment

Today's Industry

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

SUNeVision Initiates MEGA IDC Phase Two Development

Jumat, 28 Maret 2025 - 22:21 WIB

SUNeVision Initiates MEGA IDC Phase Two Development

SUNeVision, the technology arm of Sun Hung Kai Properties (SHKP), today announced the commencement of construction for Phase Two of MEGA IDC in Tseung Kwan O. As Hong Kong's largest data centre…

 PT Metrodata Electronics Tbk (“MTDL”)

Jumat, 28 Maret 2025 - 22:07 WIB

TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary

PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Wireless Logic

Jumat, 28 Maret 2025 - 22:00 WIB

Wireless Logic Selected By Thales As IoT Connectivity Partner

Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…

Microvista Expands International Presence with Mobile CT System ScanExpress

Jumat, 28 Maret 2025 - 21:53 WIB

Microvista Expands International Presence with Mobile CT System ScanExpress

The German specialist in industrial computed tomography and non-destructive testing, Microvista, announces the European expansion of its innovative mobile CT system, ScanExpress. The system…