Transasia Securities: Profile and interest

Transasia Securities: Profile and interest

PT Transasia Securities’ acquisition by OCBC Bank is interisting. Not only does it show us more about the invasion of regional financial institution into Indonesian soil, but also the relation to other entities.

Based on Transasia Securities official website, the company is a member of Indonesia Stock Exchange incorporated on July 7th 1990, originally named PT Transpacific Securindo.

OCBC Bank acquire Transasia Securities

BI/market
12/4/2012
Irvin Avriano A.
Bisnis Indonesia

OCBC Bank acquire Transasia Securities

JAKARTA: Oversea-Chinese Banking Corporation Ltd (OCBC Bank) will acquire 80% stake on an Indonesia brokerage house PT Transasia Securities worth IDR92 billion or equal to S$12.5 million.

The matter was announced in the OCBC Bank's information disclosure to Singapore Exchange (SGX) yesterday, April 13th, 2012. OCBC Bank is a Singapore local-based bank and holding company to PT Bank OCBC NISP Tbk.

Harum Energy obtain $270 mio loan

                                               

BI/market

5/1/2012

Irvin Avriano A.

Bisnis Indonesia

Harum Energy obtain $270 mio loan

JAKARTA: PT Harum Energy Tbk pocketed loan facility from several bank syndication worth US$270 million, or equal to IDR2.47 trillion, led by DBS Bank Ltd Singapore and United Overseas Bank (UOB) Ltd Singapore.

"The loan facility tenured 3 years," said Harum Energy Corporate Secretary Alexandra Mira S. in the Indonesia Stock Exchange (IDX) information disclosure today, January 5th 2012.

Mansek's Kartika moved to IIF

BI/market

26/9/2011

Irvin Avriano A.

Bisnis Indonesia

Mansek's Kartika moved to IIF

JAKARTA: One of PT Mandiri Sekuritas (Mansek) director, Kartika Wirjoatmodjo, move to PT Indonesia Infrastructure Fund (IIF) and become the president director of the SOE finance company.

His position will replace by former PT RBS Asia Securities Indonesia president director Laksono Boyke Widodo.

One executives who know the matter said Kartika resignation from Mansek and appointment to become the highest position in IIF already set up on September 5th and will assist the other director in IIF, Bibin Busono, former director of PT Tanah Laut Tbk (formerly PT Indoexchange Tbk).

Danamon change directors

Irvin Avriano A.

Danamon change directors

JAKARTA: PT Bank Danamon Indonesia Tbk, a listed private bank owned by Singapore-based Temasek Holdings, intend to change their board of director.

The matter was concluded from the company's announcement in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website in this weekend. The announcement related to extraordinary general meeting of shareholder (EGM/RUPLB) agenda.

Buana secure IDR100 bio loan from Panin

BI/market

16/9/2011

Irvin Avriano A.

Bisnis Indonesia

Buana secure IDR100 bio loan from Panin

JAKARTA: PT Buana Finance Tbk, multifinance listed company which owned by PT Sari Dasa Karsa (SDK), secure IDR100 bio credit facility from PT Bank Pan Indonesia Tbk (Bank Panin).

"It have 36 month tenure and guaranteed by the company's receivables worth 110% from the credit principal," said Buana Finance President Director Soetadi Limin in his company's information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia).

Buana Finance pocketed IDR600 bio loan facility

BI/financial

Irvin Avriano A.

18/7/2011

Bisnis Indonesia

Buana Finance pocketed IDR600 bio loan facility

JAKARTA: PT Buana Finance Tbk pocketed syndicated loan facility worth IDR600 billion from five banks to covered up IDR2 trillion total financing target this year.

Buana Finance Director Antony Muljanto said the syndicate of the debt facility consist of PT Bank OCBC NISP Tbk, PT Bank Pembangunan Daerah Jabar Banten Tbk (BJB), and PT Bank Nasional Indonesia Tbk (BNI).

SMS Finance issue IDR50 bio MTN

BI/finance

29/6/2011

Irvin Avriano A.

Bisnis Indonesia

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.

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.

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.

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.

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

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.

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.

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.

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.

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.