Bisnis.com, JAKARTA - Consumer finance company PT. Wahana Ottomitra Multiartha Tbk. (WOMF) is optimistic that new financing in the two-wheeled and multipurpose sector will grow again in semester II/2021. WOMF Finance Director Zacharia Susantadiredja explained that this prospect underlies the issuance of new debt securities through Shelf Registration Bonds IV Phase 1-2021 worth Rp500 billion, part of the ongoing public offering of WOMF bonds IV with a target of raising funds of Rp5 trillion. "The Public Offering of Continuous Bonds IV Phase 1 which is divided into 2 series, namely series A for 1 year and series B for 3 years, will be used as working capital for the Company in its consumer financing distribution activities in semester II/2021," he explained to Bisnis, Tuesday. (22/6/2021). The initial offering period of these bonds is planned to be carried out on June 21, 2021 until July 5, 2021. The statement of the effective date from the Financial Services Authority (OJK) is expected to fall on July 16, 2021, so that it will continue to the public offering period on July 21-23 2021. Zacharia further explained that this optimism was the fruit of the rise in financing performance in the first quarter of 2021, which incidentally entered the new normal era after the Covid-19 pandemic. "The trend in financing distribution is quite positive, in the first quarter of 2021, WOMF managed to channel financing of Rp. 822 billion, or an increase of 28 percent compared to the fourth quarter of 2020," he added. Previously, WOMF was so affected by the Covid-19 pandemic that it was only able to distribute IDR 2.39 trillion, a far decrease of 58.6 percent (year-on-year / yoy) from the 2019 achievement of IDR 5.79 trillion. This decline throughout 2020 was mainly contributed by the contraction in the performance of WOMF's flagship products, namely new motorcycle financing, which fell 70.8 percent (yoy) to Rp. 790.3 billion and used motorcycle financing, which fell 81.9 percent (yoy) to Rp. 32.24 billion. . Thus, the number of motorcycle units distributed through WOMF credit accommodation was also recorded to have fallen far from 355,095 units in 2019 to only 131,214 units in 2020. Meanwhile, multipurpose financing products with motorbike or MotorKu collateral also fell 53.7 percent (yoy) to Rp652.91 billion, while MobilKu multipurpose financing fell 49.8 percent to Rp752.98 billion. However, several new business lines created in 2020 were able to slightly help WOMF from a deeper correction. Some of them are MotorKu (Rp259 million) and MobilKu (Rp125.65 billion), investment financing from sales or leaseback (Rp11.43 billion), car-backed working capital financing (Rp15.88 billion), and working capital financing. sales and leaseback (Rp12.94 billion). This performance also brought WOMF to experience a decrease in managed financing receivables from Rp7.74 trillion in 2019 to Rp4.54 trillion in 2020, as well as a decrease in assets from Rp8.27 trillion to Rp5.28 trillion. Therefore, Zacharia projects the rise of the mainstay business line according to the projection of the motorcycle association and the improvement in people's purchasing power due to the easing of the Covid-19 pandemic, plus the growth of new WOMF products, hoping to bring the company to grow rapidly at the close of the book period of 2021. "We are optimistic that the projected distribution of financing in the second semester of 2021 can reach IDR 2.5 trillion, or an increase of 38 percent compared to the first semester of 2021," he concluded.