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).

Adira issue another bond IDR1.5 trio

BI/market24/8/2011
Irvin Avriano A.
Bisnis Indonesia

Adira issue another bond IDR1.5 trio

JAKARTA: PT Adira Dinamika Multi Finance Tbk, PT Bank Danamon Indonesia Tbk's subsidiary in financing industry, intend to issue another bond this year with minimum amountIDR1.5 trillion.

Based on a source knowing the matter, the company already picks four lead underwriters to handle the bond issuance. Namely PT CIMB Securities Indonesia, PT Mandiri Sekuritas, PT Standard Chartered Securities Indonesia, and PT Indo Premier Securities.

Adira Finance President Director Stanley Setia Atmadja affirms the info when confirmed yesterday. "We are currently exploring the possibility to issue in 4th quarter," said him.

Clipan Finance issue IDR1.08 trio rights and warrants

BI/market
23/8/2011
Irvin Avriano A.
Bisnis Indonesia

Clipan Finance issue IDR1.08 trio rights and warrants

JAKARTA: PT Clipan Finance Indonesia Tbk, one of the Panin Group multi finance company owned by Mu'min Ali Gunawan, intends to held V/2011 rights issue and issuance of V/2011 warrants with total worth IDR1.08 trillion.

In the company announcement yesterday in the newspaper that shows the company's fund that will gathered on the rights issue and the warrants issuance action will be used for financing working capital.

Rights issue means the issue of new shares with pre-emptive rights, with a total of 1.17 billion new shares coded CFIN with IDR250 nominal and IDR500 price and with a target fund IDR585.74 billion.

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.

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.

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.