Indonesia Summit Oto unit plans 1 trln rupiah bonds


JAKARTA, Jan 31 (Reuters) - PT Summit Oto Finance (SOF), the Indonesian motorcycle-financing unit of Japan's Sumitomo Corp. , plans to offer 1 trillion rupiah ($109.9 million) in bonds and use the funds to expand its lending, its chief said. The issue, which will be handled by DBS Vickers Securities Indonesia, will have three tranches with maturities of between two and three years. "This bond issue is part of our 5.6 trillion rupiah motorcycle-financing plan this year," Djohan Marzuki, ...

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