Indomobil Finance Funding Level is Below Target
Bisnis Indonesia, page B1, 2005-12-23
Indomobil Finance Indonesia predicted that it would only be able to fulfil 90 percent of targeted financing realization due to alterations in the macro economy as an effect of increasing price of basic fuel. Initially, the company targeted to realize Rp.2.2 trillion in funding.

Indomobil Finance Issues Bond II Worth Rp.500 Billion
www.tempointeraktif.com, 2005-05-03
PT Indomobil Finance Indonesia, a financing company for Grup Indomobil’s products, will issue bond II worth Rp.500 billion in June 2005. The bond emission is done to fulfil a funding target of Rp.2.2 trillion. The Rp.2.2 trillion financing is equal to 150,000 units of motorcycles and 10,000 units of cars. The financing source will come from banking and internal capital. The target increase was due to Grup Indomobil’s increasing sales that reached 144,000 units of cars and 1.2 million units of motorcycles. The three-year-term bond is offered with a stable interest of 13 percent. The bond received an A- single rating from PT Pemeringkat Efek Indonesia (Pefindo). To guarantee the bond emission, Indomobil Finance has appointed PT Kresna Graha Sekurindo and PT ABN Amro Asia Securities Indonesia. The Indomobil Finance II bonds will be listed in the Jakarta Stock Exchage on 16 June 2005. If over demand occurs, there is a possibility that more bonds will be issued. Indomobil Finance currently holds 10 percent of the total national market. Indomobil Finance currently contributed 70 percent of Grup Indomobil’s income.