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Saturday, May 28, 2011

Harum Energy's shareholder sell IDR2.6 trio stake

28/5/2011
Irvin Avriano A.

Harum Energy's shareholder sell IDR2.6 trio stake

JAKARTA: International Financing Review Asia (IFR Asia) reported that a shareholder is offering 270 million shares of PT Harum Energy Tbk, a coal miner listed company, to raise around IDR2.6 trio or equal US$304 mio fund.

Deutsche Bank and Macquarie are claimed to be the transaction's joint bookrunners.

CIMB, Maybank, Citigroup, and HSBC for Malay US$-sukuk

28/5/2011
Irvin Avriano A.

CIMB, Maybank, Citigroup, and HSBC for Malay US$-sukuk

JAKARTA: International Financing Review Asia (IFR Asia) reported government of Malaysia already pick two local bank and two global bank as their sovereign global/US-dollar-denominated sukuk issuance arranger.

The banks namely CIMB, Maybank, Citigroup, and HSBC. The matter was announced on short and limited news published on May 25th.

Friday, May 27, 2011

Toto will inject capital to other company

26/5/2011
Irvin Avriano A.

Toto will inject capital to other company

JAKARTA: PT Surya Toto Indonesia Tbk, Japan-Indonesia joint venture sanitary wares manufacturer and seller, intend to invest in a company by capital injection mechanism.

Their intention reflect on information disclosed on their extraordinary general meeting of shareholder (EGM) agenda released this week. But the agenda didn't explain about the amount or the target company.

BSD change their business activities description

27/5/2011
Irvin Avriano A.

BSD change their business activities description

JAKARTA: PT Bumi Serpong Damai Tbk (BSD), a Sinarmas Group real estate and property developer listed company, intend to change their business activities description.

It was mentioned in their extraordinary general meeting of shareholders (EGM) agenda that published in the newspaper yesterday. The meeting will be held together with its annual general meeting of shareholders (AGM) on June 10th morning at Crowne Hotel, Jakarta.

Wednesday, May 25, 2011

Aluco intend to issue B3 US$ bond

BI/financial
25/5/2011
Irvin Avriano A.
Bisnis Indonesia

Aluco intend to issue B3 US$ bond

JAKARTA: PT Terang Kita (Tranka Kabel) parent company, PT Aluco, intends to issue US dollars denominated bond, which already pocketed B3 rating from Moody's Investors Service.

In its release today, Moody's analyst Alvin Tan assess the ratings reflect the company's leading position in the cable manufacturers segment in the country, through its subsidiary Tranka Kabel with ownership portion 79.5%, although small scale.

Aeon and G4S offer low cost security service

BI/finance
25/5/2011
Irvin Avriano A.
Bisnis Indonesia

Aeon and G4S offer low cost security service

JAKARTA: PT Aeon Credit Service Indonesia and PT G4S Security Services offered low cost securities equipment and service with fare IDR400,000 per month to potential households.

G4S Group Finance Director Melissiana D. Kriswandi said the low cost equipment and service possible because there is financing service offered by Aeon Credit Service.

LPEI picks Danareksa, Trimegah, and Indo Premier

BI/financial
25/5/2011
Irvin Avriano A. & M. Munir Haikal
Bisnis Indonesia

LPEI picks Danareksa, Trimegah, and Indo Premier

Pegadaian picks Bahana and Danareksa as underwriters

25/5/2011
Irvin Avriano A. & Donald Banjarnahor

Pegadaian picks Bahana and Danareksa as underwriters

JAKARTA: Perum Pegadaian picks two state owned enterprise (SOE) securities house as their XIV/2011 bond lead underwriters, predicted amount around IDR2 trillion.

Two capital markets participant said the SOE pawn house already pick PT Bahana Securities and PT Danareksa Sekuritas as the bond's joint lead underwriters.

Tuesday, May 24, 2011

PTPN XIII issue IDR80 bio MTN

24/5/2011
Irvin Avriano A.

PTPN XIII issue IDR80 bio MTN

JAKARTA: PT Perkebunan Nusantara XIII (PTPN XIII), Pontianak-based SOE plantation company, issue their very first medium term notes (MTN) worth IDR80 billion. The fixed income securities tenured 2 years.

The matter announced on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) official website today. The private-offered type securities burdened by 9.35% p.a. interest that will be paid every 3 months.

Arpeni issue convertible bond, warrant, and non-preemptive rights

24/5/2011
Irvin Avriano A.

Arpeni issue convertible bond, warrant, and non-preemptive rights

JAKARTA: PT Arpeni Ocean Line Tbk, an debt-entwined dry bulk shipping company, will issue convertible bond, warrant, and new shares through non-preemptive rights in part of the company' rescue plan.

The matter was announced at Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) today, followed by the company's announcement to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) on May 20th.

MNC Securities appoint Panin Sekuritas as their bond's underwriter

24/5/2011
Irvin Avriano A.

MNC Securities appoint Panin Sekuritas as their bond's underwriter

JAKARTA: PT MNC Securities, MNC Group securities company, appoint PT Panin Sekuritas Tbk as their II/2011 IDR300 billion bond's lead underwriter, that will be offered today.

MNC Securities Director & Corporate Secretary Susy Meilina confirm the capital market rumors. She also said the issuance documentation has been given to Bapepam-LK and they now still wait for pre-effective statement from the capital market authority to continue the offering phase.

Monday, May 23, 2011

40 Central Java-based BPR establish pension fund

BI/finansial
23/5/2011
Irvin Avriano A.
Bisnis Indonesia

40 BPR establish a pension fund

JAKARTA: As much as 40 Central Java-based rural banks (bank perkreditan rakyat/BPR), together, intend to established an employer pension fund to facilitate employees long-term needs.

Pension Fund Bureau Chief of Bapepam-LK Mulabasa Hutabarat said the initial intention had been submitted to the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK).

Friday, May 20, 2011

Mandiri Sekuritas upgraded Holcim to buy

20/5/2011
Irvin Avriano A.

Mandiri Sekuritas upgraded Holcim to buy

JAKARTA: PT Holcim Indonesia Tbk shares recommendation upgraded to buy level from hold level by PT Mandiri Sekuritas through its equity analyst Octavius Oky Prakarsa, Bloomberg reported this afternoon.

The 12-months target price for the company commandeered by Eamon John Ginley is set at IDR2,500 per sheet.

Multistrada to propose a huge bank loan

20/5/2011
Irvin Avriano A.

Multistrada to propose a huge bank loan

JAKARTA: PT Multistrada Arah Sarana Tbk, a local listed tire producer company, intend to pledge most or all of their asset to obtain bank's loan.

The matter was revealed on the company's announcement through Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website last afternoon.

Thursday, May 19, 2011

Mandala booked IDR51 net profit in 1stQ

BI/financial
19/5/2011
Irvin Avriano A.
Bisnis Indonesia

Mandala booked IDR51 net profit in 1stQ

JAKARTA: PT Mandala Multifinance Tbk booked net profit of IDR51 billion in the 1stQ/2011, an increase of 108% from IDR24 billion booked in the 1stQ/2010.

Mandala Multifinance President Director Harryjanto Lasmana said the company recorded revenue IDR276 bio, an increase of 60% from IDR172 bio in the same period last year. Revenue comes from a successful financing is channeled to the first quarter of this year.

Pefindo set idA+ level for Bank Sumut and bonds

BI/financial
19/5/2011
Irvin Avriano A.
Bisnis Indonesia

Pefindo set idA+ level for Bank Sumut and bonds

JAKARTA: PT Pemeringkat Efek Indonesia (Pefindo), an Indonesia credit rating company, set idA+ rating to PT Bank Sumatra Utama (Bank Sumut) and the III/2011 bond issuance worth maximum of IDR600 billion.

In a press release this morning, Pefindo analyst Danan Dito also assigned idA rating to I/2011 subordinated (sub-debt) issuance plan bonds worth maximum of IDR400 bio, one level below the corporate rating of the one regional development bank. The prospect of the both ratings was set at stable levels.

Wednesday, May 18, 2011

Sulfindo rating dropped to CCC by S&P

17/5/2011
Irvin Avriano A.

Sulfindo rating dropped to CCC by S&P

JAKARTA: Suddenly, global credit rating company Standard & Poor's lowered PT Sulfindo Adiusaha long-term corporate credit rating two notches to CCC from previously B-.

On a press release this week, S&P still pegged the company's rating outlook on developing level, together with removing credit watch implication negative for the rating.

The removal also applied to proposed US$250 million dollar bond related to the company's bond issuance plan cancellation, even the company already appoint Standard Chartered Bank, Barclay's Capital, and PT Victoria Sekuritas as the bond issuance arranger.

Fitch Ratings re-affirm Maipark IFS BBB

17/5/2011
Fitch

Fitch Ratings re-affirm Maipark IFS BBB

JAKARTA: PT Fitch Ratings Indonesia re-affirm PT Asuransi Maipark Indonesia rating at national insurer financial strength (IFS) BBB(idn) with stable outlook.

Based on Fitch research this week, Fitch Primary Analyst Terrence Wong said the rating reflects Maipark's experienced management team, secure premium source, strong liquidity, generally prudent retrocession coverage, and solid risk-based capitalization.

Monday, May 16, 2011

Energi Mega and Bakrie Plantations pledge assets, again

16/5/2011
Irvin Avriano A.

Energi Mega and Bakrie Plantations pledge assets, again

JAKARTA: PT Energi Mega Persada Tbk and PT Bakrie Sumatera Plantations Tbk, both are Bakrie Group companies, intend to pledge most or all of its asset and its subsidiaries, that will proposed on an extraordinary general meeting of shareholders (EGMs) that will held on May 31th and June 1st, respectively.

The action indicated the two companies intend to seek another loan and/or use their shares for loan collateral, like often did before.

Kentucky disperse IDR156.18 bio bonus shares

16/5/2011
Irvin Avriano A.

Kentucky disperse IDR156.18 bio bonus shares

JAKARTA: PT Fast Food Indonesia Tbk, an Indonesian brand franchise holder company of Kentucky Fried Chicken, will distribute IDR156.18 billion capitalized dividend through bonus shares.

The matter was announce in the company's official statement in newspaper today. The company that owned by Gelael Family will propose the plan on extraordinary general meeting of shareholders (EGMs) that will be held on June 15th.

Chandra Petrochemical surged after low rights issue price

16/5/2011
Irvin Avriano A.

Chandra Petrochemical surged after low rights issue price

JAKARTA: PT Chandra Asri Petrochemical Tbk 827.87 mio sheet rights issue plan suppress their shares price to IDR4,600 this afternoon, corrects IDR25 price or equivalent to 0.54%.

Based on their prospectus published in newspaper today, the IDR1.9 trillion--3.6 trio rights issue plan indicated already formed its range price on the market related to non premium offered to capital market investors on the event.

Anta Tour delisting, tender offer set at IDR300

16/5/2011
Irvin Avriano A.

Anta Tour delisting, tender offer set at IDR300

JAKARTA: PT Anta Express Tour & Travel Service Tbk, a member of CT Corpora Group company, will delist its shares on Indonesia Stock Exchange (IDX) and also go private.

The intention opened on their official announcement today in the newspaper. The plan will make PT Trans Lifestyle, Anta Tour majority shareholder, should held a tender offer to the existing minority shareholders with price IDR300 level per share.

Friday, May 13, 2011

Mega Capital Investama earn investment manager permit

6/5/2011
Irvin Avriano A.

Mega Capital Investama earn investment manager permit

JAKARTA: Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) give investment manager permit to PT Mega Capital Investama, as a result of spin-off investment manager unit from CT Corpora Group securities house, PT Mega Capital Indonesia.

The statement was announced today by the capital market supervisory, even the decision already set on May 6th by Bapepam-LK Chairlady Nurhaida.

Wednesday, May 11, 2011

Jakpro rating idBBB

11/5/2011
Irvin Avriano A.

Jakpro rating idBBB

JAKARTA: PT Pemeringkat Efek Indonesia (Pefindo) rates PT Jakarta Propertindo's (Jakpro) I/2011 bond and corporate rating at idBBB level.

The outlook for the rating also pegged at stable level. The matter was announced in company's disclosure on newspaper today.

Monday, May 9, 2011

BII subdebt potentially up-sized to IDR1.5 trio

9/5/2011
Irvin Avriano A.

BII subdebt potentially up-sized to IDR1.5 trio

JAKARTA: PT Bank Internasional Indonesia Tbk (BII) 7 years I/2011 subordinated bond (sub-debt) potentially upsized to IDR1.5 trillion, from initial successful offering IDR1.2 trio.

The matter was explained on their revised prospectus today, the emitters have already up-sized the issuance from initial offer IDR600 billion to IDR1.2 trio with full commitment mechanism. The potential up-sized will use best effort mechanism.

Indofood rating raised to idAA+

8/5/2011
Irvin Avriano A.

Indofood rating raised to idAA+

JAKARTA: PT Indofood Sukses Makmur Tbk' rating, a Salim Group holding company, raised a level from idAA to idAA+ by PT Pemeringkat Efek Indonesia (Pefindo) last week. Based on Pefindo research announcement last week, the rating outlook pegged at stable level.

Pefindo analyst Vonny Widjaja said in the statement that the increase rating reflectcompany's cash flow protection supported by better margin and lower financial leverage level.

Friday, May 6, 2011

Prasidha merge Aneka Sumber Alam and Lampung Pelleting

6/5/2011
Irvin Avriano A.

Prasidha merge Aneka Sumber Alam and Lampung Pelleting

JAKARTA: PT Prasidha Aneka Niaga Tbk will merge with their two subsidiary, PT Aneka Sumber Kencana and PT Lampung Sumber Kencana Pelleting Factory. The matter was mention on the listed company's information disclosure in newspaper today.

Based on the information, the merger will make Prasidha which have asset IDR414.61 billion melting with IDR17.13 bio Aneka Sumber Kencana asset and IDR3.81 bio Lampung Pelleting asset.

HD Finance shares offering oversubscribed 2.32 times

6/5/2011
Irvin Avriano A.

HD Finance shares offering oversubscribed 2.32 times

JAKARTA: PT HD Finance Tbk shares offering experience 2.32 times oversubscribed demand from their future investors.

Based on officials disclosure yesterday, the company's lead underwriters namely PT Makinta Securities have receive order as much as IDR213.22 billion demand.

Bapepam-LK revoke Credit Suisse investment manager license

6/5/2011
Irvin Avriano A.

Bapepam-LK revoke Credit Suisse investment manager license

JAKARTA: Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) finally revoked PT Credit Suisse Investment Management Indonesia investment manager licence.

The revoking license taken from the indirect subsidiary of one of biggest bank in the world: Credit Suisse AG, after at least two years not operate as ordered by the capital market authority.

Prime Capital listed their first mutual fund

6/5/2011
Irvin Avriano A.

Prime Capital listed their first mutual fund

JAKARTA: PT Prime Capital, an investment manager company, have their very first mutual fund namely Prime Star Balance Fund.

The mixed type mutual fund is using services from PT Bank Mandiri Tbk as their custodian. The matter also announced on Indonesia Central Securities Depository (KSEI) website last month.

Syailendra new fund: Syailendra Indo Balance Fund

6/5/2011
Irvin Avriano A.

Syailendra new fund: Syailendra Indo Balance Fund

JAKARTA: PT Syailendra Capital, an investment manager company commandeered by Jos Parengkuan, have a new hybrid mutual fund namely Syailendra Indo Balance Fund that can be offered to investors.

The tiny-efficient company utilize services from PT Bank Mandiri Tbk as the capital market product custodian.

Indomobil Finance offer IV bond coupon 7.5%--11%

6/5/2011
Irvin Avriano A.


Indomobil Finance offer IV bond coupon 7.5%--11%

JAKARTA: PT Indomobil Finance Indonesia, a multi finance subsidiary from PT Indomobil Sukses Internasional Tbk, offered coupon for their IV/2011 bond at 7.5%--11% range.

Based on a source in debt capital markets, the company offered A tranche coupon at 7.5%--8.25% range, B tranche 9%--9.75%, C tranche 9.7%--10.4%, and D tranche at 10.25%--11% range. The A to D tranche tenured a year to 4 year, respectively.

Nusantara Life appoint Dira Mochtar president director

5/5/2011
Irvin Avriano A.

Nusantara Life appoint Dira Mochtar president director

JAKARTA: Dira Mochtar appointed as PT Asuransi Jiwa Nusantara (Nusantara Life) new president director, replacing the previous placeman Hero Samudra.

Nusantara Life Corporate Secretary Edwin A. Lubis said Dira Mochtar is a former PT Bank Internasional Indonesia Tbk (BII) director.

Thursday, May 5, 2011

Mandiri Finance set D bond coupon 10.7%

5/5/2011
Irvin Avriano A.
Bisnis Indonesia

Mandiri Finance set D bond coupon 10.7%

JAKARTA: PT Mandiri Tunas Finance, a PT Bank Mandiri Tbk multi finance subsidiary, set their D tranche VI/2011 bond coupon at 10.7%, still in range of their offered indication.

Two of capital market participant said the four tranche coupon set at 8.6% A tranche that tenured a year, 9.6% B tranche tenured 2 years, and 10% for C tranche which tenured 3 years.

Krakatau Steel build IDR5.92 trio blast furnace on 3rdQ

5/5/2011
Irvin Avriano A.

Krakatau Steel build IDR5.92 trio blast furnace on 3rdQ

JAKARTA: PT Krakatau Steel Tbk, a SOE listed steel manufacturer company, budgeting IDR5.92 trio to build their very first time blast furnace that expect to completed on 1st or 2nd Q/2014 after 30 months.

Based on information disclosure which published in newspaper early this morning, the company intend to start the 1.2 mio tonnes/year blast furnace project on 3rdQ this very year.

Wednesday, May 4, 2011

Suzuki Finance will give insurance to profcoll

BI/financial
4/5/2011
Irvin Avriano A.
Bisnis Indonesia

Suzuki Finance will give insurance to profcoll

JAKARTA: PT Suzuki Finance Indonesia, the official Suzuki brand motorcycle financing company, want to give live and health insurance to their professional debt collectors (called: prof-coll) next month, related to high risks that awaits on their job.

Suzuki Finance Senior Executive GM Collection & Asset Mahadi Soeseno said the intention related to many cases that happens to the prof-coll since last year.

FIF succesfully raised IDR3 trio

BI/financial
4/5/2011
Irvin Avriano A.
Bisnis Indonesia

FIF succesfully raised IDR3 trio

JAKARTA: PT Federal International Finance (FIF), an Astra Group motorcycle-electric house ware financing company, successfully lifted their XI/2011 bond issuance amount to IDR3 trillion.

The matter was announced in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) last weekend.

HD Finance set bottom for their shares

4/5/2011
Irvin Avriano A.

HD Finance set bottom for their shares

JAKARTA: PT HD Finance Tbk, an Orang Tua Group multifinance company, set their shares price offered at IDR200, the bottom level from indication offered range at IDR200--250. The price also formed their fund gathered on their initial public offering (IPO) only IDR92 billion.

The new shares coded HDFA is offered as much as 460 million sheets, a 29.87% portion of their 1.54 bio sheets total shares. The fund pocketed will be used for their financing expansion.

Tuesday, May 3, 2011

BPD Sulselbar set 9.5% and 10.4% bond coupon

5/3/2011
Irvin Avriano A.

BPD Sulselbar set 9.5% and 10.4% bond coupon

JAKARTA: PT Bank Pembangunan Daerah Sulawesi Selatan dan Sulawesi Barat (BPD Sulselbar) set I/2011 bond coupon 9.5% and 10.4% for IDR500 billion conventional bond and sukuk mudharabah.

Based on its revised bond issuance prospectus published in newspaper today, the A trache of the bond that tenured 3 years consist of IDR50 bio, while the B tranche tenured 5 years consist of IDR350 bio.

Toyota Financial Services pocketed idAA- rating

3/5/2011
Irvin Avriano A.

Toyota Financial Services pocketed idAA- rating

JAKARTA: PT Toyota Astra Financial Services pocketed idAA- rating from PT Pemeringkat Efek Indonesia (Pefindo) for their I/2011 bond issuance plan amounted to IDR1.5 trillion, just four level under the highest rating, idAAA.

The rating also give the one of Astra Group company the highest rating level on the multi finance industry, together with its tiers: PT Adira Dinamika Multi Finance Tbk, PT Astra Sedaya Finance, PT BCA Finance, and PT Federal International Finance.

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