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Thursday, June 30, 2011

SMS Finance issue IDR50 bio MTN

BI/finance
29/6/2011
Irvin Avriano A.

SMS Finance issue IDR50 bio MTN

JAKARTA: PT Sinar Mitra Sepadan Finance (SMS Finance) issue IDR50 billion I/2011/A medium term notes (MTN) last week, a start of their IDR200 bio MTN issuance program this year.

"Our MTN issuance will be done gradually," said SMS Finance President Director Rudyanto Somawihardjo to Bisnis a few days ago.

Wednesday, June 29, 2011

SAN Finance pocketed loan facility IDR225 bio

29/6/2011
Irvin Avriano A.
Bisnis Indonesia

SAN Finance pocketed loan facility IDR225 bio

JAKARTA: PT Surya Artha Nusantara Finance (SAN Finance), an Astra Group heavy equipment finance company, pocketed new loan facility worth IDR225 billion from PT Bank DKI, the Jakarta rural development bank.

"The type is a working capital loan, the tenures is 3 years," said SAN Finance Accounting and Finance Division Head Naga Sujady to Bisnis early this week.

Wednesday, June 15, 2011

Moody's: Philippine sovereign rating upgraded to Ba2

BI / financial
15/6/2011
Irvin Avriano A.
Bisnis Indonesia

Moody's: Philippine sovereign rating upgraded to Ba2

JAKARTA: Moody's Investors Service raised their ratings on foreign and local denominated Philippine government bonds level from Ba3 to Ba2. The rating outlook is stable.

"[One of] the key drivers for the decision are the progress made in fiscal consolidation by the new Aquino administration," said Moody's Assistant Vice President-Analyst, Christian de Guzman, in his ratings research this morning.

Tuesday, June 14, 2011

Lautandhana & Mahanusa launch two protected funds

13/6/2011
Irvin Avriano A.

Lautandhana & Mahanusa launch two protected funds

JAKARTA: PT Lautandhana Investment Management and PT Mahanusa Investment Management launch two new capital protected mutual fund, namely Lautandhana Proteksi IX and Mahanusa Dana Prestasi, respectively.

The matter was disclosed on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website, early this month. Lautandhana Investment commandeered by Ahmad Subagja, while Mahanusa Investment by Howard Chu.

Friday, June 10, 2011

Bank DKI bond & sub-debt issuance exact IDR750 bio

BI/financial
8/6/2011
Irvin Avriano A.
Bisnis Indonesia

Bank DKI bond & sub-debt issuance exact IDR750 bio

JAKARTA: PT Bank DKI set their conventional bond and subordinated (sub-debt) issuance on their exact initial plan as much as IDR750 billion, and didn't up-sized their issuance hence the demand is high.

One of the market participant said the arrangement also set their A tranche bond coupons tenured 3 years 9.25% with amount IDR125 bio, B tranche tenured 5 years 9.9% worth IDR325 bio, and II/2011 sub-debt 11% with amount IDR300 bio.

BCA Finance up-sized bond to IDR1.1 trio

BI/financial
8/6/2011
Irvin Avriano A.
Bisnis Indonesia

BCA Finance up-sized bond to IDR1.1 trio

JAKARTA: PT BCA Finance, a multi-finance company owned by PT Bank Central Asia Tbk (BCA), up-sized their IV/2011 bond issuance from initial target IDR1 trillion to IDR1.1 trio because a huge demand from investors.

The matters already rumored by one capital market player and in Fitch Ratings rating research published yesterday. The Fitch research pegged the AA-(idn) final rating for the processed bond issuance.

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