Get Injection Of IDR 2 Trillion From Sri Mulyani, SMF Ready To Pay Debt Due IDR 1.9 Trillion

JAKARTA – PT Sarana Multigriya Financial (SMF) has stated its readiness to pay off its Shelf-Registered Bonds IV Phase VIII Year 2019 Series B which matures on March 22 and consists of principal debt of IDR 1.98 trillion and interest of IDR 42.01 billion.

SMF President Director, Ananta Wiyogo, said the funds provided were sourced from the company's internal cash position, which is currently placed on deposit instruments.

"This payment commitment is one form of proof of the quality of SMF's debt securities that have an idAAA rating", she said in a press statement on Wednesday, March 16.

According to Ananta, this rating is the highest rating that shows SMF's ability to meet its long-term financial commitments, as well as a very strong capital profile, supported by excellent asset quality.

"This clearly reflects the very strong level of support from the Indonesian government", she said.

Previously, in the first quarter of 2022, SMF has also paid off several maturing bonds consisting of Shelf-Registered Bonds IV Phase VII Year 2019 Series B with Bond Principal amounting to IDR 748 billion and interest of IDR 16,467 billion which matures on February 21th 2022.

In addition, the company also paid off the principal and profit sharing for the 2021 Sustainable Sukuk Mudharabah I Phase III with a Sukuk Principal of IDR 100 billion and profit-sharing of IDR 1.31 billion which matures on February 20, 2022.

Then, Shelf Registration Bond V Phase V 2021 Series A with a Bond Principal of IDR 1.5 trillion with an interest of IDR 19.79 billion which will mature on February 20, 2022.

"All obligations that are due have been paid off on time and in the right amount", said Ananta.

For information, SMF is a Special Mission Vehicle (SMV) of the Ministry of Finance led by Sri Mulyani which focuses on developing the domestic government housing sector.

Indeed, the issuance of SMF bonds aims to support the National Economic Recovery (PEN) program, especially in the housing industry through lending (refinancing of mortgages), to encourage the availability of decent and affordable housing for the people of Indonesia.

According to VOI records, PT Sarana Multigriya Financial is one of the state-owned entities that received an injection of state capital participation (PMN) of IDR 2 trillion for the 2022 period. This was revealed when the Minister of Finance, Sri Mulyani, held a meeting with Commission XI of the House of Representatives at the end of last year.