Pegadaian issue rupiah MTN again

Irvin Avriano A.

Pegadaian issue rupiah MTN again

JAKARTA: The state owned pawnshop, Perum Pegadaian, issue second series of shari'a rupiah denominated medium term notes (MTN).

The fixed income securities issuance showed in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) in September 27th.

The data also disclose the maturity date that set on November 7th 2012 and the first coupon that will received by its investors on December 27th. But there are no detailed information about the arranger or its amount.

Cahaya Buana Kemala issue $20 mio MTN

Irvin Avriano A.

Cahaya Buana Kemala issue $20 mio MTN

JAKARTA: PT Cahaya Buana Kemala issue 3 years medium term notes (MTN) US$20 million that burdened 12% coupon per year.

The announcement made in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website in September 19th.

Such MTN will mature in October 5th 2014. The company hired PT Lautandhana Securindo as their fixed income securities issuance arranger.

KFC Indonesia set 9.5% bond's coupon

Irvin Avriano A.

KFC Indonesia set 9.5% bond's coupon

JAKARTA: PT Fast Food Indonesia Tbk, holder of Kentucky Fried Chicken restaurant franchise brand in Indonesia, set their 5 years I/2011 bond coupon on 9.5% level per annum.

The decision is shows in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today. The IDR200 billion bond issuance is helped by PT OSK Nusadana Securities Indonesia as underwriters.

Sinarmas' Chipdeco issue $15 mio MTN

Irvin Avriano A.

Sinarmas' Chipdeco issue $15 mio MTN

JAKARTA: Another Sinarmas Forestry company, PT Chipdeco Inti Utama, issue US dollar denominated 5 years medium term notes (MTN) worth $15 million.

The issuance published in the Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website in September 8th. Based on the data, the company charged interest coupon 6% per annum.

Altus-Chandra Petrochemical buyback bond US$7.9 mio

BI/market

16/9/2011

Irvin Avriano A.

Bisnis Indonesia

Altus-Chandra Petrochemical buyback bond US$7.9 mio

JAKARTA: Altus Capital Pte Ltd, subsidiary of stock emitters PT Chandra Asri Petrochemical Tbk, buyback some of its existing US dollar denominated bond worth US$7.9 million or equal to IDR69.64 billion.

"The aggregate principal amount of the notes remaining outstanding following the cancellation of the purchased notes would be US$214.78 mio," said the management in the Altus Capital information disclosure to the Singapore Stock Exchange today.

Bumi Resources allocated IDR3.9 trio to buyback

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


Bumi Resources allocated IDR3.9 trio to buyback

JAKARTA: Bakrie Group coal miner giant listed company PT Bumi Resources Tbk allocated IDR3.9 trillion to buy back 780 million shares to lift its earnings per share, return on equity and expand access to finance.

The matter is exposed in the information disclosure yesterday, together with its extraordinary general meeting of shareholders (EGM) on September 26th.

"The funds reserved for shares buy back shares for a maximum period of 18 months since the EGM approval is obtained, is not more than IDR3.9 trillion," said Bumi Resources management led byAri Saptari Hoedaja in its announcement yesterday.

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.

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.

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.

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.

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.

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.

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.

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.

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.