IPO to Watch: Mandiri Tunas Finance

Financing firm, for car and motorcycle, Mandiri Tunas Finance (MTF), subsidiary of Bank Mandiri (BMRI) mulls to launch the initial public offering (IPO) next year. In the past few years, MTF only raised funds from issuing bonds and bank loans to support its financing. Next year MTF targets new booking of Rp20 trillion, a 11% rise compared to Rp18 trillion targeted for this year.

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