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Tuesday, March 9, 2010

Astra Sedaya bond get effective statement

Irvin Avriano A.
Bisnis Indonesia

Astra Sedaya bond get effective statement

JAKARTA: PT Astra Sedaya Finance XI/2010 bond can be listed in the Indonesia Stock Exchange (IDX), following the effective statement that that has given by the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) yesterday.

"They [the Astra Sedaya bonds] just effective a moment ago," said Corporate Financial Valuation Services Sector Bureau Chief of Bapepam-LK Noor Rachman told the press yesterday afternoon.

Based on the record, the issuance excess investors' demand from the initial issuance plan IDR1 trillion to IDR1.5 trillion. Those bonds was couponed 8.47% -10.9% which is divided into six tranches. In the issuance, the company assisted by PT Mandiri Sekuritas, PT CIMB Securities Indonesia, and PT HSBC Securities Indonesia.

Noor Rachman also confirmed PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) bonds II/2010 proposal also has entered into his bureau and wait to get pre-effective statement from the capital market authority.

The target issuance of the bonds are intend to reach IDR750 billion, with tenors of 3 years-5 years. The value of the bond issuance is also potentially increased to IDR1.25 trillion, depends on the good market conditions and market participants interests.

Acting as underwriters in this debt issuance are PT CIMB Securities Indonesia, PT Mandiri Sekuritas, and PT Indo Premier Securities.



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