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Thursday, March 25, 2010

Federal Finance's IDR1 trio bond get pre-effective statement

Federal Finance's IDR1 trio bond get pre-effective statement
Thursday, 25/03/2010 19:33:19 WIB

Oleh: Irvin Avriano A.

JAKARTA (Bisnis.com): Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) give a pre-effective statement to the issuance of bonds PT Federal International Finance totaling IDR1 trio today.

Service Sector Corporate Financial Assessment Bureau Chief of Bapepam-LK Noor Rachman said the new praefektif statement that has given today to the bond issuance will let the issuance process continues into the bidding stage.

"They've been able to advertise, market, and bookbuilding [forming price] its bonds starting tomorrow," he said in the Bapepam-LK office tonight.

Based on Bisnis.com records, registration statement documents of the corporate bonds have received by Bapepam-LK since February 18th. The Company has appointed PT Mandiri Sekuritas, PT Danareksa Sekuritas, PT Kresna Graha Sekurindo Tbk, and PT Indo Premier Securities as the underwriter for the issuance.

The company is possible to increase the issuance from IDR1 trio to IDR1,5 trio if the coupon, the investor demand, and the market conditions assessed good by the emitter.

The leasing company also intend to issue medium-term notes (MTN) wirth IDR700 bio this year as part of a long-term MTN issuance program totaling IDR2 trillion.

Throughout 2009, the company has issued MTN worth IDR1 trillion, and in January the company had issued IDR300 billion of MTN.

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