PT Clipan Finance Indonesia Tbk (CFIN) has paid off the medium-term note (MTN) III issued on January 21, 2018, with a principal amount of Rp1 trillion.

Based on the disclosure of information on the Indonesia Stock Exchange (IDX), Clipan Finance management revealed that the company would pay off the debt with an interest rate of 9.0% on March 21, 2021.

"We have paid off the MTN, both for principal and interest," said the company management.

With the repayment of the principal MTN III, according to Clipan Finance management, it means that all of the company's obligations arising from the issuance of these debt securities have expired as of the date of settlement.

Data from PT Kustodian Sentral Efek Indonesia (KSEI) states, Clipan Finance still has medium-term debt securities that will mature on March 28, 2021, namely MTN IV Clipan Finance Indonesia 2018.

The principal amount of MTN IV, which will be due, is IDR1 trillion, with an interest rate of 9.0% per year. 60% of the outstanding receivables are guaranteed current receivables, which are bound by fiduciary.