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View all search resultsState-owned secondary mortgage financing firm PT Sarana Multigriya Financial (SMF) plans to increase the issuance of asset-backed securities in the form of participation certificates (EBA-SP) to Rp 2 trillion (US$150.28 million) this year, up from Rp 1.5 trillion last year.
State-owned lender Bank Mandiri is set to issue asset-backed securities worth Rp 500 billion (US$38.2 million)in the form of participant letters (EBA-SP) as part of its efforts to diversify funding sources, especially long-term ones. The issuance will be carried out in partnership with state-run secondary mortgage firm Sarana Multigriya Finansial (SMF).
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