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Saturday, December 19, 2009

Astra Sedaya selected 4 underwriters IDR1 trillion bond issued with 1-4 years tenure


as published in Bisnis Indonesia daily newspaper
Thursday, 17/12/2009 00:00 WIB

Astra Sedaya selected 4 underwriters
IDR1 trillion bond issued with 1-4 years tenure

JAKARTA: PT Astra Sedaya Finance appointed four securities companies as the underwriter of IDR1 trillion bond issuance.

Bisnis resource said the appointed securities here include PT HSBC Securities Indonesia, PT CIMB Securities Indonesia, PT Mandiri Sekuritas, and PT Indo Premier Securities.

"The tenures of the bonds varied ranging from 1 up to 4 years. The number of bonds of each tenure will be defined on the basis of investors interest as seen on the book building period," he said yesterday.

Bond issuance here completes the IDR800 billion medium terms notes (MTN) in September. The MTN coupon is set at the level of 10.75 percent.

Now, for MTN issuance worth IDR800 billion, Astra Sedaya has assigned HSBC Securities and OSK Nusadana as the underwriter.

Formerly, Astra Sedaya in quarter I/2009 had issued IDR900 billion bonds increasing from the initial plan o fIDR600 billion.

Astra Sedaya plans to submit the bond filing to Bapepam-LK next week. the bond will be issued by February 2010.

"The underwriting is led by PT Indo Premier Securities," said a market player yesterday.

In addition to Indo Premier, bond emitter has used service of PT Mandiri Sekuritas, PT CIMB Securities Indonesia, and PT HSBC Securities Indonesia.

Last night Bisnis called for comment from Director of Mandiri Sekuritas Iman Rahman and he claimed for not having any information about the appointment of underwriter from Astra Sedaya.

"I have not seen any appointment letter in my desk."

Data of PT Kustodian Sentral Efek Indonesia last week showed Astra Sedaya issued medium term notes (MTN) II/2009 of B and C series worth IDR200 and IDR300 billion respectively.

The multifinance sector bond issuance here is predicted to boost up the total bond issuance next year. Besides, this might exceed the issuance this year with an assumption of IDR32 trillion.

The total bonds value maturing next year stands at IDr10.94 trillion, of which some DIR4.5 trillion maturity is from the multifinance sector at the same period.

Some emitters with due date bonds next year include Astra Sedaya Finance worth IDR1.15 trillion, Federal International Finance IDR855 million, Apexindo Pratama Duta IDR750 billion, BTN IDR billion, Indosat IDR640 billion, Jasa Marga IDR650 billion. (Bisnis/mmh/21)

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