Continue PUB Rp17 Trillion, SMF Release Bonds Rp3 Trillion

President Director of SMF Ananta Wiyogo. (Photo: Doc. Antara)

JAKARTA - PT Sarana Multigriya Finansial (Persero) or SMF has resumed its planned sustainable public offering (PUB) VI with a target fund of IDR 17 trillion. This time, the company published PUB VI Phase III IDR 3 trillion.

SMF President Director Ananta Wiyogo said the bonds aim to support national economic stability, especially in the housing industry through lending/financing (refinancing the mortgage). "So that it can encourage the availability of decent and affordable houses for the people of Indonesia," said Ananta in her statement, Thursday, September 22.

Ananta added that the SMF bonds received an idAA rating from PT Pemeringkat Efek Indonesia (Pefindo). The bonds consist of one series with a fixed interest rate of 6.95 percent per year, a period of 5 years from the issuance date.

The full principal bond payment (bullet payment) will be made on the date of the bond repayment.

The bonds have met the instrument criteria for Non-Bank Financial Services Institutions on Financial Services Authority Regulation No. 36/POJK.05/2016, concerning Amendments to Financial Services Authority Regulation No.1/POJK.05/2016, concerning Investment of Securities for Non-Bank Financial Services Institutions.

Ananta added that the funds obtained from these bonds are planned to be used for loan disbursement activities and/or financing distribution to support financing disbursed by financial institutions for the sustainability of residence ownership, and housing availability and/or settlements as well as in order to carry out the role of SMF as a Special Mission Vehicle (SMV).

"The issuance of these bonds is a form of commitment from SMF as a provider of long-term liquidity for mortgages," Ananta added.

Previously in July 2021, the company had issued PUB VI Phase I with a value of IDR 1.2 trillion and Sukuk PUB II Phase I of IDR 100 billion, then the issuance of the PUB VI Phase II Bonds in November 2021 amounted to IDR 2.8 trillion.

Meanwhile, since 2009 until now SMF has issued debt securities 51 times for a total of IDR 50.4 trillion.