Adira Finance Lists IDR 1.5 Trillion Securities on IDX, Including IDR 200 Billion Sukuk Mudarabah

Indonesia-based finance company Adira Dinamika Multi Finance (Adira Finance) has listed securities worth IDR 1.5 trillion, including a two-tranche Sustainable Sukuk Mudarabah IV Phase II 2021 amounting to IDR 200 billion, alongside conventional bonds on the Indonesia Stock Exchange (IDX), effective from the 26th of July 2021.

Why it Matters?

According to an IDX information disclosure, the Sukuk Mudarabah are offered in two series consisting of Series A, with a nominal value of IDR 134 billion and a period of 370 days, at a profit-sharing equivalent of 4.25% per year and Series B, with a nominal value of IDR 66 billion and a period of 36 months (three years) with a 5.50% profit sharing equivalent per year. Proceeds from the issuance will be used for consum...