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Wednesday, April 27, 2011

WOM Finance issue IDR1 trio bond/MTN

BI/finance
27/4/2011
Irvin Avriano A.
Bisnis Indonesia

WOM Finance issue IDR1 trio bond/MTN

JAKARTA: PT Wahana Ottomitra Multiartha Tbk (WOM Finance) intend to issue bond or/and medium term notes (MTN) worth maximum of IDR1 trillion this year.

The matter was revealed today on their invitation of their extraordinary general meeting of shareholder (EGMs/RUPLSB) the multifinance subsidiary of PT Bank International Indonesia Tbk (BII).

Bank expect insurances can access SID

BI/finance
19/4/2011
Irvin Avriano A.
Bisnis Indonesia

Bank expect insurances can access SID

JAKARTA: The banking industry players expect the insurance industry to be able to access debtor information system (sistem informasi debitur/SID) which made by Bank Indonesia to facilitate the checking of the insurance bad credit customers.

PT Bank Rakyat Indonesia Tbk (BRI) Oil, Gas & Energy Desk Head Dedy Ihsan said he is hoping his proposal can creates synergies between financial institutions.

Malindo cancel nonpreemptive-rights plan

26/4/2011
Irvin Avriano A.

Malindo cancel nonpreemptive-rights plan

JAKARTA: PT Malindo Feedmill Tbk, a Malaysia-Indonesia joint poultry listed company, cancelled their plan to held a nonpreemptive rights. Their cancellation together with re-announcement of 1:5 stock split plan.

Based on Malindo information disclosure on the newspaper early this week, the management still budget the adding of new business line and stock split in the extraordinary general meeting of shareholders (EGM) which scheduled this weekend.

Monday, April 25, 2011

OSK Nusadana launch two equity funds

25/4/2011
Irvin Avriano A.

OSK Nusadana launch two equity funds

JAKARTA: PT OSK Nusadana Asset Management, investment manager subsidiary of an Indonesia Stock Exchange participant PT OSK Nusadana Securities Indonesia, launched their two new equity fund last week. Those funds namely OSK Nusadana Equity Focus and OSK Nusadana Indonesia Dinamic Resource Plus.

Based on announcement on Indonesia Central Security Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website last weekend, the company which commandeered by Rima Noulita Suhaimi using services from PT Bank Mandiri Tbk and Deutsche Bank AG as the custodian for the funds, respectively.

Wednesday, April 20, 2011

Astra Otoparts shares hikes after 1:5 stock split announced

20/4/2011
Irvin Avriano A.

Astra Otoparts shares hikes after 1:5 stock split announced

JAKARTA: PT Astra Otoparts Tbk shares, an Astra Group spareparts listed company, strenghthening IDR300 or 1.29% to IDR16,100 level this morning at 10.05 AM, after announce 1:5 ratio stock split plan late afternoon, yesterday.

The AUTO coded share price formed IDR12.42 trillion and price to earnings ratio (PER) 10.87 times. Formerly, there are rumors by market participants that the company will held a stock split, but with 1:3 ratio.

Monday, April 18, 2011

TRAC issue IDR1 trio bond

17/4/2011
Irvin Avriano A.

TRAC issue IDR1 trio bond

JAKARTA: PT Serasi Autoraya, an Astra Group car rental company, is ready to issue IDR1 trillion bond.

The matter were revealed in the research in PT Pemeringkat Efek Indonesia (Pefindo) last weekend.

In the research, the company's plan to issue their second bonds rewarded idA+ rating, as well as their issued I/2009 and II/2010 medium-term notes (MTNs). Rating outlook set at stable level.

Pefindo's heart breaking idA-

16/4/2011
Irvin Avriano A.

Pefindo's heart breaking idA-

JAKARTA: PT Pemeringkat Efek Indonesia (Pefindo) reaffirmed a heart-breaking idA- rating to PT BFI Finance Tbk and their bonds.

The rating is given again due to BFI Finance readiness to paid off their matured II/2019/B tranche worth IDR30 billion in July 15th. The idA- is given considering the huge time deposit parked in banks that reach IDR100 bio that ensure the paid off for the matured bond.

Sunday, April 17, 2011

Intraco issue IDR500 bio bond

15/4/2011
Irvin Avriano A.

Intraco issue IDR500 bio bond

JAKARTA: PT Intraco Penta Tbk, a reseller of heavy equipments listed company, intend to issue a bond worth IDR500 billion in July--August.

"We have appoint two securities to assist us as our bond's lead underwriters," said Intraco Director Fred Lopez Mandibog in the public expose last Friday.

Friday, April 15, 2011

BNP Paribas Star eyes IDR1 trio

14/4/2011
BI/bourse-mutual funds
M. Tahir Saleh
Bisnis Indonesia

BNP Paribas Star eyes IDR1 trio

JAKARTA: PT BNP Paribas Investment Partners eyes funds managed over IDR1 trillion from BNP Paribas Star, the most recent equity fund that will be offered in mid-May.

BNP Paribas President Director Robert Henri "Tino" Moorrees said their new mutual funds, which will offered next month it is a mutual fund shares. But he has not been able to reveal more detailed about the investment products.

Thursday, April 14, 2011

FIF upsize bond to IDR3 trio, more ruthless fee war?

14/4/2011
Irvin Avriano A.

FIF upsize bond to IDR3 trio, more ruthless fee war?

JAKARTA: PT Federal International Finance (FIF), an Astra Group motorcycle financing company, open opportunity to hike up their IDR2 trillion proposed XI/2011 bond up to IDR3 trio, caused by huge demand from potential investors.

Based on four capital market participants information, the company is already set their bond's coupon at 7.8%, 8.8%, and 9.6% level.

Tuesday, April 12, 2011

Batavia Prima Campuran and Batavia Proteksi Prima 5 launched

12/5/2011
Irvin Avriano A.

Batavia Prima Campuran and Batavia Proteksi Prima 5 launched

JAKARTA: PT Batavia Prosperindo Aset Manajemen, a Batavia Group investment manager company, launch a new open ended hybrid fund namely Batavia Prima Campuran.

Based on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website las night, the issuance assisted by PT Bank Mandiri Tbk as its custodian.

Indika to issue 7 years dollar bond

12/5/2011
Irvin Avriano A.

Indika to issue 7 years dollar bond

JAKARTA: PT Indika Energy Tbk (Indika), a Tripatra Group's listed company, is in a process to issue a US$300 million dollar denominated bond tenured 7 years.

The matter was explained in the Moody's Investor Service's analysis that reported the non-Indonesia credit rating company have upgrading the proposed bond's provisional rating from B2 level to B1 level. The outlook for the rating have been pegged at positive level.

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