PSP affiliate issues bonds

Fri, 26 Apr 1996, 00:00 WIB | Source: JP

JAKARTA (JP): PT Putra Surya Multifinance, an affiliate of the
PSP Group, issued five-year convertible bonds valued at US$26
million yesterday.

The company, a consumer financing provider for motorcycles and
second-hand automobiles, will use the proceeds from its bond
issuance to refinance its short-term debt and increase its
receivable portfolio.

The bonds, whose issuance was arranged by PT Peregrine Sewu
Securities, were subscribed to by, among others, DLJ Merchant
Banking Partners, Peregrine Indonesia Fund, Soros Capital
Indonesia, Japan Asia Investment Co. Ltd., and Nusantara
Investment Fund Ltd. (rid)

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