​DINFRA: An Alternative Funding and Solution for National Infrastructure

4/23/2019 1:48:47 PM

Dated April 15, 2019
​DINFRA: An Alternative Funding and Solution for National Infrastructure 

Jakarta (04/15/2019) - PT Jasa Marga (Persero) Tbk. (“Jasa Marga”) and PT Mandiri Manajemen Investasi (“Mandiri Investasi”) have relaunched an innovative funding product, called Collective Investment Contract-Infrastructure Investment Funds (KIK-DINFRA)​,​ in Indonesian capital market. This ​is an investment solution and an alternative in financing Indonesian infrastructure. KIK-DINFRA, known as DINFRA Toll Road Mandiri-001, was first introduced during Effective Permit issuance by Financial Services Authority (OJK) during the 2018 ​​IMF-World Bank Annual Meetings in Bali. ​
Jasa Marga issued​ DINFRA Toll Road Mandiri-001 to reach more investors, secure its financial condition and strengthen its capital structure amidst massive toll road developments. Jasa Marga has been issuing new funding products - Securitization​, Project Bond, Komodo Bond, and Private Equity Fund (equity-​based RDPT​)​ - s​​ince 2​017 . ​

Based on POJK No.52/POJK.04/2017, Infrastructure Investment Fund (DINFRA) ​draws funds from investors, through public and limited offerings, in which most will be invested on infrastructure assets in the form of Investment Manager's debts and/or equityKIK-DINFRA is superior compared to other investment products.  It offers investors an alternative solution to invest either directly or ​indirectly on infrastructure assets through share ownership in an Infrastructure Company. KIK-DINFRA also provides the additional benefit of portofolio diversification in infrastructure assets that have not been or are in the process of development (greenfield) as well as those that have yielded income (brown-field). This alternative invesment potentially reduces portfolio volatility. DINFRA Toll Road Mandiri-001 was the first KIK DINFRA product to be listed and exhanged in Indonesia Stock Exchange.  It had managed to reach institutional and retail investors through public offering.​

In the DINFRA Toll Road Mandiri-001 scheme, investors place funds in KIK DINFRA in the form of KIK DINFRA Participation Unit.  The funds will be used by the Investment Manager to invest in PT Jasamarga Pandaan Tol infrastructure assets by purchasing Jasa Marga's new issued shares or ownership​ in PT Jasamarga Pandaan Tol.  Mandiri Investasi, as an Investment Manager, is supported by PT Mandiri Sekuritas as the arranger and PT Bank Maybank Indonesia Tbk as the Custodian Bank. 

PT Jasamarga Pandaan Tol, a Subsidiary of PT Jasa Marga (Persero) Tbk. and the 37-year-period concession holder of the 13.61-km Gempol-Pandaan Toll Segment, is the underlying reason behind DINFRA Toll Road Mandiri-001. The toll road itself connects Surabaya-Gempol and Pandaan-Malang Toll Segment and has been operational since 2015​.  
For more information, please contact:
1. Corporate Secretary
PT Jasa Marga (Persero) Tbk.
Email : sekper@jasamarga.co.id

2. Corporate Secretary
PT Mandiri Manajemen Investasi
​Email: CorsecTeam@mandiri-investasi.co.id​