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Sunday, January 30, 2011

Trimegah issue IDR24.11 bio and 11.925% PN

BI/bursa
30/1/2011
Irvin Avriano A.

Trimegah issue IDR24.11 bio and 11.925% PN

JAKARTA: PT Trimegah Securities Tbk issued a promissory notes (PN) XVIII/2011 series worth IDR24.11 billion last weekend, which will mature in October.

Trimegah Director Ubaidillah Nugraha said fund from the issuance will be use to give margin facility to their customers.

Based on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) last weekend, the one of listed securities company will give coupons worth 11.925% per annum for their debt investors.

Friday, January 21, 2011

Who will replace Nurhaida?

rumours
Irvin Avriano A.

Who will replace Nurhaida?

JAKARTA: Nurhaida appointed as Acting Chief of Capital Market and Financial Institution Supervisory (Bapepam-LK), filled out the empty position that previously seated by Ahmad Fuad Rahmany. Who will be her replacement?

The appointment set after inauguration of several new Ministry of Finance's (MoF) officials, including echelon I and II this morning.

In the first time, the appointment of Nurhaida as Bapepam-LK leader has not been declared by Finance Minister Agus Martowardojo in the ceremony, and had make several Bapepam-LK and MoF officials confuse. Nurhaida also have been inaugurated as Expert Staff In Capital Market and Financial Institution Regulation

But after the ceremony, Agus has been answered reporters' questions about the empty seat leaved by Fuad.

Bank Permata sold part stakes in Asuransi Nipponkoa

BI/bursa
19/1/2011
Irvin Avriano A.
Bisnis Indonesia

JAKARTA: PT Bank Permata Tbk sold part of their stakes in PT Asuransi Permata Nipponkoa Indonesia (APNI), 31% portion from previously 51%, to Nipponkoa Insurance Company Ltd.

Based on the subsidiary of Astra Group-Stadard Chartered Bank Plc information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) today, the selling agreement of 7,750 shares has been executed on January 17th.

"Based on Deed Sales No.14 dated Januari 17th, witnessed by Kun Hidayat Notary," said Bank Permata Vice President Director Herwidayatmo in the information disclosure.

Wednesday, January 19, 2011

FIF upsize bond plan to IDR2 trio: Six underwriters selected






BI/bursa
19/1/2011

FIF upsize bond plan to IDR2 trio: Six underwriters selected

JAKARTA: PT Federal International Finance (FIF) finally up-sized its bond issuance plan become IDR2 trillion from previously only IDR1 trio this year, related to funds which needed for their financing business expansion in 2011.

To support the plan, the one of a Group Astra company also have appointed six securities company as their wannabe bond underwriter which planned to be issued on April. FIF also intends to held public expose on March.

Tuesday, January 18, 2011

Government bond price rebounded today

BI/bursa
18/1/2011
Irvin Avriano A.

JAKARTA: Government bond price (surat utang negara/SUN) price rebounded today and supress its yield, after debt management office (DMO/Ditjen Pengelolaan Utang) held an auction that absorb IDR6.05 trillion from bid given by bond-market player.

Data issued by Indonesia Bond Pricing Agency (IBPA/PT Penilai Harga Efek Indonesia) today shows the yield for 5 year bond corrected 10 basis points (bps) to 7.5% from previously 7.6%, while yield 10 year bond corrected 15 bps to 8.5%.

Moody's can not hold SUN correction

BI/bursa
Irvin Avriano A.
Bisnis Indonesia

Moody's can not hold SUN correction

JAKARTA: Moody's upgrade on Indonesia's sovereign rating can not ease the selling pressure on government bond (SUN/surat utang negara) price in the secondary market.

Price index from Inter Dealer Market Association (IDMA/Himdasun) shows the pressure caused price declining and formed a lowest level since May 31th last year. The data showed the index turn down to 99.92 level from 100.8 level on last weekend. The 100.8 price already corrected from 102.9 level on the previous weeks, January 14th.

Review on Monday newspaper

BI/bursa
Irvin Avriano A.
17/1/2011
Review on Monday economic newspaper:


Bisnis Indonesia: As much as four sovereign owned enterprise (SOE/BUMN) net profit reach IDR20 trillion last year.

SOE Minister Mustafa predicts the biggest contributors are PT Bank Mandiri Tbk and PT Bank Rakyat Indonesia Tbk IDR8 trio each, while the rest from PT Bank Tabungan Negara Tbk and PT Bank Negara Indonesia Tbk (BNI). The high net profit caused by high lending. (Bambang Priyo Jatmiko)

Bisnis Indonesia: Perum Pegadaian will issue IDR2 trio XIV/2011 bond on mid year to refinancing its previous bond matured this year. Pegadaian Finance Director Budiyanto said they will pick its underwriter on mid February. The company also intend to seek bank loan to refinance the matured bond. The issuance also can used to fund their working capital. (Ratna Ariyanti)

Monday, January 17, 2011

Mandiri Tunas Finance to issue IDR500 bio--600 bio bond

BI/bursa
Bisnis Indonesia

Mandiri Tunas Finance to issue IDR500 bio--600 bio bond


JAKARTA: PT Mandiri Tunas Finance will issue VI/2011 bond worth IDR500 billion--600 bio on this quarter.

Mandiri Tunas Finance President Director Anton Setiawan said the company already appoint PT Mandiri Sekuritas, its affiliation, to became the issuance plan underwriter.

ABDA plan to increase capital

BI / exchange
17/1/2011
Irvin Avriano A.
Bisnis Indonesia

ABDA plan to increase capital

JAKARTA: PT Asuransi Bina Dana Arta Tbk (ABDA) intends to increase the company's capital and change the composition of their management.

This information was revealed in the agenda of extraordinary general meeting of shareholders (EGM), announced on the website of Indonesian Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) today.

Credit Suisse start to eyes Indonesia consumer sector

BI/bursa
17/1/2011
Irvin Avriano A.

Credit Suisse start to eyes Indonesia's consumer sector

JAKARTA: Credit Suisse AG, a global financial service company, start to eyes on Indonesia's consumer related sector.

It is proved by the insertion of Indonesia's consumer related sector to their survey in Asia-Pacific last year while another country began years earlier. The survey's result announced today, through a press teleconference.

Moody's upgraded Indonesia rating to Ba1

BI/bursa
17/1/2011
Irvin Avriano A.

Moody's upgraded Indonesia rating to Ba1

JAKARTA: Moody's Investors Service upgraded the rating for Indonesia's sovereign bond and credit rating from Ba2 level to Ba1 level, a very single notch under investment grade. The nation's rating outlook set at stable level.

The other global credit rating company set Indonesia level at BB+ from Fitch Ratings and BB from Standard&Poor's (S&P). Fitch's rating upgraded from BB to BB+ since January last year, while rating from S&P upgraded since last March.

The upgrading action following positive outlook that has been given last December. Aninda Mitra, Moody's VP and lead of sovereign analyst for Indonesia, said there are three factor that support those rating.

Jakarta Securities examination going deepened

BI/bursa
16/1/2011
Irvin Avriano A.
Bisnis Indonesia

Jakarta Securities examination going deepened

JAKARTA: PT Jakarta Securities examination by capital market authority became more intensified, after the securities company filed some objection to trading suspension by the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia).

"Jakarta Securities document has been lifted to my bureau," said Examination and Investigation Bureau Chief of Bapepam-LK Sarjito to Bisnis last weekend.

Friday, January 14, 2011

Bakrie Plantations' rating slumped to Caa1

BI/bursa
Irvin Avriano A.

Bakrie Plantations' rating slumped to Caa1

JAKARTA: Moody's Investors Service dowgraded PT Bakrie Sumatra Plantations Tbk's corporate and bond rating one step from B3 level to Caa1 level, related to hiked leverage.

The international credit rating company also still assign prospect for those rating in negative level.

BCA Finance to issue IDR1 trio next quarter: Bahana, DBS Vickers, and Transasia picked to become the underwriter

BI/bursa
Irvin Avriano A.

BCA Finance to issue IDR1 trio next quarter: Bahana, DBS Vickers, and Transasia picked to become the underwriter

JAKARTA: PT BCA Finance will issue a new bond worth IDR1 trillion in 3rdQ/2011 and have appoint three underwriter.

"The plan is to listing the bond on May. The underwriter that will help us [to issue the bond] are PT Bahana Securities, PT DBS Vickers Securities Indonesia, and PT Transasia Securities," said BCA Finance President Director Roni Haslim yesterday.

Thursday, January 13, 2011

Garuda offers shares' price at IDR750--1,000

BI/Bourse
12/1/2011
Irvin Avriano A.

JAKARTA: PT Garuda Indonesia Tbk offered price range for their listed shares at IDR750--1,050 level per shares in the initial public offering (IPO) process that has been going.

Analyst said the range will be attractive to the retail investors, especially when the state owned enterprise (SOE/BUMN) commercial air transport company set up the price below IDR1,000 level per share.

Verena will issue IDR500 bio bond

BI/bourse
12/1/2011
Irvin Avriano A.

JAKARTA: PT Verena Oto Finance Tbk will issue their first bond worth IDR500 billion on April.

Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) Financial Assessment Director Eddy Sugito said the emitters have appoint three underwriter for the bond issuance.

Friday, January 7, 2011

Infoasia miss its bond payment

BI/bursa
Irvin Avriano A.
Bisnis Indonesia

Infoasia miss again its bond repayment

JAKARTA: PT Infoasia Teknologi Global Tbk haven't been set up for their II/2004 bond principal maturity worth IDR69.49 billion last December. The breach could given the company a second default statement.

"[They] haven't been set up [the bond paid off]," said Indonesian Stock Exchange (IDX) Corporate Finance Director Eddy Sugito yesterday.

Fuad Rahmany rumored to be replaced

BI/bursa
7/1/2011
Arif Gunawan S., Agust Supriyadi, Irvin Avriano A.
Bisnis Indonesia

Fuad Rahmany rumored to be replaced

JAKARTA: Bapepam-LK Chief Ahmad Fuad 'Arjuna' Rahmany rumored to be replaced immediately, related to selection that been held from the end of last year to pick the replacement.

Based on rumors in the capital market players, the Arjuna replacement selection was followed by a several candidate from Bapepam-LK internal officials and in the Ministry of Finance's (MoF) circles.

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