KONTAN.CO.ID - JAKARTA. Finance companies that have debt securities with maturity in July 2021 have prepared a strategy to fulfill their obligations. They claimed to have prepared funds to pay off their dependents. If you look at Pefindo's data, there are four finance companies that have bonds or sukuk with maturities throughout July. Of the four, there are three multi-finance companies and one specialized finance company, The multi-finance company that has the highest number of bonds and sukuk this month is PT Adira Dinamika Multi Finance Tbk or known as Adira Finance. They have 2 bonds and 2 sukuk to be repaid. Meanwhile, on July 17, 2021, Adira Finance needs to pay off Adira Finance Phase I 2020 Sustainable Sukuk Mudharabah IV with a value of IDR 200 billion and Adira Finance V Sustainable Bonds Phase I 2020 Series A worth IDR 483.95 billion. Meanwhile, the other two debt securities will mature on July 26, 2021, with details of Sukuk Mudharabah II Phase II 2016 Series C worth IDR 14 billion and Adira Finance Sustainable Bonds III Phase IV 2016 Series C with a value of IDR 431 billion. "We have prepared and will take internal cash funds that come from the results of monthly installment payments from customers," said Adira Finance President Director Hafid Hadeli to KONTAN, Thursday (15/7). Judging from the disclosure of information, the Company also stated that to pay off the debt securities, the company had provided funds until December 31, 2020 with the company's cash and cash equivalent position of Rp 4.2 trillion. For your information, Adira Finance has also issued two bonds this month, including Adira Finance Phase II 2021 Sustainable Bonds V with a principal amount of IDR 1.3 trillion and Adira Finance Sustainable Sukuk Mudharabah IV Phase II 2021 with total funds mudharabah sukuk of Rp 200 billion. "The company previously routinely issued bonds about 2 times per year, but we will review the bond issuance plan in the future according to market conditions," added Hafid. As of the first quarter of 2021, the portion of funding for this subsidiary of Bank Danamon comes from joint financing, which accounts for 43 percent, worth Rp. 18.2 trillion, from managed receivables, while external loans, including bank loans and bonds, represent 57% or equivalent to Rp. 23.7. trillion of managed receivables. Then there is PT Mandala Multifinance Tbk which has two debt securities that must be repaid this month. The first debt securities, namely the Mandala Multifinance Shelf-Registered Bonds III Phase I Year 2018 Series B worth Rp 150 billion, were repaid last July 5 and the company will again pay off the Mandala Multifinance Shelf-Registered Bonds IV Phase I Year 2020 on July 16 worth Rp 150 billion. "The funds used to pay the bonds come from the company's internal funds," said Mandala Finance Corporate Secretary Mahrus to KONTAN, Thursday (15/7). Similar to Adira Finance, Mandala Multifinance has also issued sukuk at the end of last June. The company issued the Mandala Multifinance Phase I Sustainable Sukuk Mudharabah I in 2021 with a total sukuk mudharabah fund of Rp 350 billion. Mahrus also said that the company, whose funding comes from internal company funds, banks and bonds or sukuk, admits that it will first look at issuing bonds again in the rest of this year. "If there is a market, we will issue more bonds," added Mahrus. In addition, the financing company PT Sarana Multigriya Finansial (SMF) also has two debt securities that must be repaid, including the Shelf-Registered Sukuk Mudharabah I Phase II worth Rp 346 billion and Shelf-Registered Bonds V Phase IV Year 2020 Series A worth Rp 1.68 trillion. "The funds already exist and are currently placed in deposits," said SMF Director Trisnadi Yulrisman. Lastly, there is PT Sinarmas Multifinance, which has two maturing bonds, one of which is the Sinarmas Multifinance Phase I 2018 Series B Sustainable Bonds worth IDR 80 billion on 11 June. Meanwhile, on July 27, the company will repay the Shelf-Registered Bonds II Sinarmas Multifinance Phase I Year 2020 Series A worth Rp 207.3 billion. In its disclosure of information, Sinarmas Multifinance has prepared funds to pay off the bonds.