• Tunas Ridean is planning to issue MTN worth a total of Rp350.0bn through its subsidiary Mandiri Tunas Finance. The notes will be issued on July 2010 and will be used to finance the company loans which are targeted to grow to Rp4.5tn this year. In addition to the notes, the company has also secured a commitment from Bank Mandiri for Rp3.0tn in loans.
• Management predicts that car sales will grow by 25% YoY to 26,245 units while motorcycle sales are targeted to increase 23% YoY to 132,402 units. As such, revenue is expected to reach Rp6.5tn this year or 32.7% YoY growth.
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