BSDE, SGRO, and KRAS can be traded margin and in short position

Bursa

Irvin Avriano A.

BSDE, SGRO, and KRAS can be traded margin and in short position

JAKARTA: PT Bumi Serpong Damai Tbk, PT Sampoerna Agro Tbk, and PT Krakatau Steel Tbk shares can be transacted with margin facility start from March 1st.

Based on Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/IDX) information disclosure today, the three emitters are the new occupants of the new long listed securities that can be transacted with margin loan from each securities companies, completing the other 43 companies that already within the list.

Wicaksana Overseas' stock will suspend tomorrow

BI / exchange

28/1/2011
Irvin Avriano A.
BisnisIndonesia

Wicaksana Overseas' stock will be suspended tomorrow

JAKARTA: Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) will suspend PT Wicaksana Overseas International Tbk's stock trading tomorrow because of the increased price of the company in the stock market which considered unnatural.

"Their stocks which coded WICO will suspend starting tomorrow because the movement its not fair," said IDX Surveillance and Compliance Director Uriep Budhi Prasetyo to the press tonight.

Pembangunan Perumahan issue IDR100 bio MTN

Irvin Avriano A.

Bisnis Indonesia

Pembangunan Perumahan issue IDR100 bio MTN

JAKARTA: PT Pembangunan Perumahan Tbk issue another XII/2011 medium term notes (MTN) worth IDR100 billion, after the last time issuance in June 2010.

In the Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today shows the company that commandeered by Mushanif is helped by PT Mandiri Sekuritas as an issuance arranger.

Fitch upgraded 7 bank outlook

Bursa

Irvin Avriano A.

Fitch upgraded 7 bank outlook

JAKARTA: PT Fitch Ratings Indonesia upgraded seven local bank rating outlook from stable level to positive level, following the same upgraded BB+ rating outlook for Indonesia sovereign last week.

The announcement published in a press release today. The banks are PT Bank Mandiri Tbk (Mandiri), PT Bank Rakyat Indonesia Tbk (BRI), PT Bank Negara Indonesia Tbk (BNI), PT Bank Central Asia Tbk (BCA), PT Bank CIMB Niaga Tbk (CIMB Niaga), PT Bank OCBC NISP Tbk (OCBC NISP), and PT Bank Internasional Indonesia Tbk (BII).

Champion Pacific suspended again

BI/ bursa

28/2/2011
Irvin Avriano A.
Bisnis Indonesia

Champion Pacific suspended again

JAKARTA: PT Champion Pacific Indonesia Tbk shares trading suspended again today, despite their shares trading also had been suspended last week by Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) for a day.

In today bourse authority information disclosure authority, Acting of Transaction Control Division Head IDX Irvan Susandy said IGAR coded shares suspension happened because the strengthening of 200.52% or a total of IDR387 since IDR193 on January 28th to IDR580 level on February 25th.

Mega Capital Indonesia eyes 10,000 investors

BI/bursa

27/2/2011
Irvin Avriano A.
Bisnis Indonesiat

Mega Capital Indonesia eyes 10,000 investors

JAKARTA: PT Mega Capital Indonesia seeks as much as 5,000--7,000 new investors from previously only 3,000 to 8,000--10,000 this year, with help from their new online trading facility.

Mega Capital Indonesia Director Kaleb L. Limuel also said the company also target their daily transaction can increase IDR50 billion--70 bio from previously IDR80--billion to be IDR150 bio.

Amstelco rise rights issue from IDR3.6 trio to IDR5.1 trio

BI/bursa

28/2/2011

Irvin Avriano A.

Bisnis Indonesia

Amstelco rise rights issue from IDR3.6 trio to IDR5.1 trio

JAKARTA: PT Amstelco Indonesia Tbk (previously named PT Indocitra Finance Tbk) increase fund targeted on rights issue from IDR3.6 trillion into IDR5.1 trio.

The increasing numbers also make the rights issue execution postponed from previously rights after February 28th into the next days, after the next extraordinary general meeting of shareholders (EGM) held.

BTPN 1:5 stock split approved

27/2/2011

Irvin Avriano A.

BTPN 1:5 stock split approved

JAKARTA: PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) gets approval from its shareholders to split its stock nominal price with 1:5 ratio, or from IDR100 to IDR20.

"We hope the action can make our shares liquidity jacked up in the stock market, and its price reachable for retail investors," said Jerry Ng, BTPN President Director, in an information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia/BEI) last weekend.

Gonthor inauguration and Bapepam-LK transparency

25/2/2011

Irvin Avriano A.

Gonthor inauguration and Bapepam-LK transparency

Similar with the latest Ministry of Finance's officials inauguration, Gonthor Ryantori Azis appointed as a new Services Sector Company Financial Assessment Bureau Head of Bapepam-LK today. He was replacing M. Noor Rachman that has been picked as a new Securities Transaction and Institution Bureau Head.

Previously, Gonthor served in Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) as International Relationship Expert Staff, which stands as echelon II, just a level below the Bapepam chairperson which is stood on echelon I level in the Ministry of Finance circle.

Dian Abdul Hakim pass away

25/2/2011

Dian Abdul Hakim pass away

Innalillaahi wa innailaihi rojiuun.

Rest in peace, our beloved friend Mr Dian Abdul Hakim, PT Kim Eng Securities Fixed Income Analyst, today at RS Pelni Petamburan on around 13:30.

His remains will be taken to mourning house in Jl Patra Tomang III#51, Tanjung Duren, on 17:00.

Known with his patience in every encounter. First knew him when he served as PT Trimegah Securities Tbk fixed income analyst back in 2008. Previously, he worked as Dana Pensiun BNI investment analyst since 2004--2005.

In remembrance of Pak Dian and his love for the capital market, especially for his patience to introduce me to debt capital market, may his soul is in peace on heaven.

Mandiri Investasi will launch new fixed income fund

BI/bursa

24/2/2011

Irvin Avriano A.

Mandiri Investasi launch new fixed income fund

JAKARTA: PT Mandiri Manajemen Investasi will launched their new fixed income opened-end mutual fund, namely Mandiri Investa Berjangka Seri 2013, within the next few days.

The matter was disclosed in Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today, showed that the new product is getting its international serial indentification number (ISIN) code.

3 Garuda underwriters' capital dropped: SOE Ministry asked for help

BI/Hal. Bursa

MKBD

24/2

Irvin Avriano & Wisnu Wijaya

Bisnis Indonesia

3 Garuda underwriters' capital dropped

SOE Ministry asked for help

JAKARTA: Adjusted net working capital (modal kerja bersih disesuaikan/MKBD) from three PT Garuda Indonesia Tbk lead underwriters shrunk after one of the SOE's shares corrected after listed in the stock market.

The declining also indicated there are many of Garuda shares that been kept by the underwriters, namely PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas, because they can not sold at the offering period.

Verena offers 9.59--11.68% I/2011 bond coupon

BI/bursa

22/2/2011

Irvin Avriano A. & M. Tahir Saleh

Bisnis Indonesia

Verena offers 9.59--11.68% I/2011 bond coupon

JAKARTA: PT Verena Multi Finance Tbk, a Panin Group multifinance company, offered coupon indication for their very first time bond issuance around 9.59%--11.68% level, which devided into three tranches totaled IDR500 billion.

Dadang Suryanto, PT Mandiri Sekuritas Director-Investment Banking, said the I/2011 bond coupon indication came from government bonds (surat utang negara/SUN) yield FR0017--FR0018, FR0033, and FR0051 series that will added by premium.

BCA Finance added one new bond underwriter

BI/bursa

24/2/2011

Irvin Avriano A. & M. Tahir Saleh

Bisnis Indonesia

BCA Finance added one new bond underwriter

JAKARTA: PT BCA Finance, a multifinance subsidiary of PT Bank Central Asia Tbk (BCA), added a securities company to be its bond underwriters. The addition makes their IDR1 trillion bond plan underwriters formed by 4 securities companies from previously only 3 company.

“The underwriter whose we already picks are PT Bahana Securities, PT DBS Vickers Securities Indonesia, PT Transasia Securities, and PT Standard Chartered Securities Indonesia,” said BCA Finance President Director Roni Haslim yesterday.

Indomobil added bond issuance plan

BI/bursa

23/2/2011

Irvin Avriano A. & M. Tahir Saleh

Bisnis Indonesia

Indomobil added bond issuance plan

JAKARTA: PT Indomobil Finance Indonesia, an Indomobil Group multifinance company, decided to top up their IV/2011 bond issuance plan worth IDR500 billion, compared with IDR300 bio that previously considered.

Gunawan, Indomobil Finance Director, said previously the company have not decided yet the issuance amount, and still on the range of IDR300 bio--500 bio, but then already decided into IDR500 bio, related to funding needs.

SUN foreign investors returns

BI/bursa

24/2/2011

Irvin Avriano A.

Bisnis Indonesia

SUN foreign investors returns

JAKARTA: Foreign investor start to enter the Indonesia goverment bond (surat utang negara/SUN) market again after their ownership boosted to 30.75%, the highest level since January 11th.

Based on Directorat General Debt Management Office MoF data, the foreign ownership reach IDR198.8 trillion on February 18th compared with SUN outstanding IDR646.37 trio.

BII Finance issue IDR225 bio MTN

bursa

23/2/2011
Irvin Avriano A.

BII Finance issue IDR225 bio MTN

JAKARTA: PT BII Finance Center completed their medium term notes (MTN) issuance totaled IDR225 billion.

The announcement was contained in PT Fitch Ratings Indonesia rating report yesterday due to the completed MTN issuance which divided into two tranches.

Indo Tambangraya booked sales 22.18 mio tonnes

BI/bursa

23/2/2011
Irvin Avriano A.

Indo Tambangraya booked 2010 sales 22.18 mio tonnes

JAKARTA: PT Indo Tambangraya Megah Tbk booked 22.18 million tonnes of coal sales through 2010.

The matter was published in the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia/BEI) information disclosure today.

Champion Pacific suspension revoke

bursa

23/2/2011

Irvin Avriano A.

Champion Pacific suspension revoke

JAKARTA: Indonesia Stock Exchange (IDX/BEI) revoke suspension on PT Champion Pacific Indonesia Tbk shares in the stock market today.

IDX Acting Transaction Monitoring Division Head Irvan Susandy said the bourse authority refers to previous announcement that mentioned the shares trading suspension.

Astra Agro CPO sales grow 4.4%

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

Astra Agro CPO sales grow 4.4%

JAKARTA: PT Astra Agro Lestari Tbk, an Astra Group agribusiness line company, booked 4.4% rise on CPO sales volume in January this year, or 94,991 tonnes from 90,954 tonnes in January 2009.

In the Indonesia Stock Exchange (IDX) information disclosure today, the local client buy 88,423 tonnes CPO from the volume and the rest 6,568 tonnes was exported.

Perumnas issue IDR70 bio MTNs

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

Perumnas issue IDR70 bio MTNs

JAKARTA: Housing developer state owned enterprise (SOE) Perum Perumnas issued IV/2011 medium term notes (MTN) totaled IDR70 billion today.

The matter published on Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website today. The data also showed that the state owned enterprise (SOE) issued the MTN into two tranches.

First municipal bond will issued IDR1.8 trio

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

First municipal bond will issued IDR1.8 trio

JAKARTA: One of a local government in Java island intends to issue nearly IDR1.8 trillion municipal bond.

PT Pemeringkat Efek Indonesia (Pefindo) Director Salyadi Saputra said that the process is already in a rating phase.

Berlian Tanker bond upgraded to CCC

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

Berlian Tanker bond upgraded to CCC

JAKARTA: PT Fitch Ratings Indonesia has upgraded shipping company PT Berlian Laju Tanker Tbk's bond rating from CC to CCC. The outlook rating also upgraded to stable from negative level.

Its long-term foreign and Local currency issuer default ratings (IDR) have been affirmed at B-, respectively. The senior unsecured global notes is issued by Berlian Tanker through its subsidiary, Berlian Tanker Finance BV, worth US$400 million and due to 2014.

AKR Corporindo distribute IDR135 special dividend

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

AKR Corporindo distribute IDR135 special dividend

JAKARTA: Sorbitol producer PT AKR Corporindo Tbk will distribute IDR135 per share dividend, harvesting from shares sale of its subsidiary PT Sorini Agro Asia Corporindo Tbk to PT Cargill Foods Indonesia.

AKR Corporindo President Director Haryanto Adikoesoemo said the company will distribute a total dividend of IDR512 billion, scheduled on March 29th.

Agis rights issue and warrant is not clear

22/2/2011

Irvin Avriano A.

Agis rights issue and warrant is not clear

JAKARTA: Home electronic appliances trader PT Agis Tbk postponed their rights issue and warrant III issuance period from February 25th, but the company haven't assure the time extension.

In the information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia/BEI) yesterday, Agis Corporate Secretary Poernomo Adjie only said that the company void their previous announcement that showed that they committed to finish the process in February 25th.

Mobile-8 fails pay sinking fund on time

BI/bursa

22/2/2011

Irvin Avriano A.

Bisnis Indonesia

Mobile-8 fails pay sinking fund on time

JAKARTA: CDMA-based operator PT Mobile-8 Telecom Tbk still has not fulfilled to provide a sinking fund merely to settle the coupon of bonds I/2007. Yet, the company is optimistic to settle its obligation on schedule or on 15 March.

Such notion was addressed during the information disclosure of PT Bank Permata Tbk as the bond trustee of Mobile-8 to PT Bursa Efek Indonesia (BEI) this week. Based on such report, Mobile-8 must allocated IDR7.58 billion.

Susy Meilina appoint as MNC Securities Corporate Secretary

22/2/2011

Irvin Avriano A.

Susy Meilina appoint as MNC Securities Corporate Secretary

JAKARTA: Susy Meilina, a former PT UOB Kay Hian Securities Director, appointed to become PT MNC Securities (previous name was PT Bhakti Securities) Corporate Secretary, in addition for being one of its director.

The announcement was published in Indonesia Stock Exchange (IDX/Bursa Efek Indonesia/BEI) information disclosure yesterday. The disclosure was written by MNC Securities President Director Wito Mailoa.

MNC Securities it owned by PT Bhakti Capital Indonesia Tbk with 99.99% shares, while the rest is owned by PT Bhakti Investama Tbk employee cooperation 0.001%. The company's supervised by Bambang Hari Iswanto Tanoesoedibjo (Hari Tanoe) as their president commissioner. Its also explain the company's synergy with MNC Group as group's capital market accomplice.

Multistrada open rights issue possibility

BI/bursa

21/2/2011

Irvin Avriano A.

Bisnis Indonesia

Multistrada open rights issue possibility

JAKARTA: PT Multistrada Arah Sarana Tbk, a listed tire producer, open possibilities to held a rights issue as soon as March or April, together with taking bank loan or internal cash to fund its plan to establish a new subsidiary.

Multistrada President Director Pieter Tanuri said the company also intend to pick a new director or division head to taking care of the new subsidiary, that will be proposed on the nesxt extraordinary general meeting of shareholders (EGM).

BCA Finance bond up to IDR1.5 trio

BI/bursa

21/2/2011

Irvin Avriano A.

Bisnis Indonesia

BCA Finance bond up to IDR1.5 trio

JAKARTA: PT BCA Finance IV/2011 series bond issuance can be boosted up to IDR1.5 trillion from its initial target IDR1 trio.

The possibility showed on PT Fitch Ratings Indonesia research that published today. The publication showed the proposed bond issuance granted expected national long term rating on idAA+ level. The outlook is placed on stable level.

Salim Ivomas will IPO $280 mio in IDX

BI/bursa

18/2/2011

Irvin Avriano A.

Bisnis Indonesia

Salim Ivomas will IPO $280 mio in IDX

JAKARTA: PT Salim Ivomas Pratama, one of PT Indofood Sukses Makmur Tbk several agri business subsidiaries, commit to list their shares in Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) through initial public offering (IPO). Rumour said that the IPO worth US$280 million and already picks three underwriters.

Indofood Director & Corporate Secretary Werianty Setiawan said even they will enlisted the stocks, the process is still in open option and could not assure the time and readiness off the IPO.

February SUN transaction predicted same or higher

BI/exchange

10/2/2011

Irvin Avriano A.

Bisnis Indonesia

February SUN transaction predicted same or higher

JAKARTA: The volume of of government bonds (surat utang negara/SUN) transactions which are traded throughout this month predicted will be same or predicted to be larger than IDR144.73 trillion that recorded for January.

The increase is also predicted that the transaction will be coloured by high volatility.

In January, the data of Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) showed the volume of securities transactions increased by 56.69%, or become IDR144.73 trio compared to IDR92.36 trio in January last year.

Bumi Teknokkultura trading suspension revoked

BI/exchange

16/2/2011

Irvin Avriano A.

Bisnis Indonesia

Bumi Teknokkultura trading suspension revoked

JAKARTA: Indonesia Stock Exchange (IDX) revoke the shares suspension of PT Bumi Teknokultura Unggul Tbk today (Wednesday), following the company announcement on January 25th, about the value of the purchase of forest management company PT Bentara Arga Timber.

"The suspension of Bumi Teknokultura stock trading reopened in the regular market and cash market which began in the first session of trading on February 16th," said IDX Acting Transaction Control Division Head Irvan Susandy in today's announcement.

Viva Group appoint Credit Suisse

BI/bursa

16/2/2011

Stefanus Arief Setiaji (09)

Bisnis Indonesia

Viva Group appoint Credit Suisse

JAKARTA: PT Visi Media Asia, a Bakrie Group media company, appoint Credit Suisse AG as international selling agent for initial public offering (IPO) that rumored will be targets US$100 million that been planned in 2nd semester. Previously, the appoint two local underwriters namely PT Ciptadana Securities and PT Danatama Makmur.

Visi Media Asia, lead by the oldest son from Golkar Chairman Aburizal Bakrie, Anindya Novyan Bakrie, is a holding company for television companies namely ANTV, tvOne, and a news portal Vivanews.

ABDA held rights issue in April

BI/exchange

16/2/2011

Irvin Avriano A. & Arief Novianto (04)

Bisnis Indonesia

JAKARTA: PT Asuransi Bina Dana Artha Tbk (ABDA) intends to held rights issue to increase the number of the amount of company's authorized capital to IDR126.63 billion in April.

"It looks like the action plan is rights issue, the time is set as described by pak Candra [ABDA President Director Candra Gunawan], the fastest is in April," said ABDA Marketing Director Freddy Wijaya told the press today (Wednesday).

Aditec postponed IPO

BI/bursa

13/2/2011
Irvin Avriano A.
Bisnis Indonesia

JAKARTA: PT Aditec Cakrawiyasa, producer of Quantum-brand stove and gas regulator, postponed their initial public offering (IPO) plan from initially last year end to maximun next year, even they already pocketed a prelisting contract.

Aditec Cakrawiyasa President Director Rawono Sosrodimulyo said there are two reasons that caused the postpone. First is about intension to boost its performance to be higher and waiting until capital market condition gets better.

Visi Media Asia will IPO $100 mio

Irvin Avriano A.

JAKARTA: PT Visi Media Asia, a Bakrie Group media company, will held an initial public offering (IPO) valued US$100 million, with help from two local underwriters namely PT Ciptadana Securities and PT Danatama Makmur.

Visi Media Asia, lead by the oldest son from Golkar Chairman Aburizal Bakrie, Anindya Novyan Bakrie, is a holding company for television companies namely ANTV, tvOne, and a news portal Vivanews.

Danareksa Investment launch Komoditas-Konsumer 10

BI/bursa

14/2/2011

Irvin Avriano A.

Bisnis Indonesia

Danareksa Investment launch Komoditas-Konsumer 10

JAKARTA: PT Danareksa Investment Management targets IDR500 for each on their new sectoral stock mutual fund that will be offered starting this week. The two new mutual funds are Danareksa Mawar Komoditas 10 and Danareksa Mawar Konsumer 10.

John D. Item, Danareksa Investment President Director, said the two mutual fund have obtained effective statement from Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) last week.

Sierad Produce reverse stock 10 times

BI/exchange

3/2/2011

Irvin Avriano A.

Bisnis Indonesia

Sierad Produce reverse stock 10 times

JAKARTA: Animal feed and broiler producer which listed in the bourse, PT Sierad Produce Tbk, plans to merge the shares' value (reverse stock) with a ratio of 10 times in the near future.

This was revealed in the agenda of extraordinary general meeting of shareholders (EGM) of the company that will be held on March 11th.

Royal Oak and Citra Agri change management

Irvin Avriano A.

Royal Oak and Citra Agri change management

JAKARTA: PT Royal Oak Development Asia Tbk and PT Citra Kebun Raya Agri Tbk, two of related companies, plans to change its board of director and commissioner composition.

Its been told in their information disclosure to Indonesia Sentral Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) last night.

Sumalindo lost in Samarinda Court

BI/exchange

2/2/2011

Irvin Avriano A.

Bisnis Indonesia

Sumalindo lost in Samarinda Court

JAKARTA: PT Sumalindo Lestari Jaya Tbk, a listed forestry company, lost in the District Court of Samarinda, East Kalimantan, related to the ownership of land dispute case covering 49,332 square meters with Johan Lolong.

The information was just published that issuers which shares coded SULI on Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) information disclosure tonight, although the case was already decided on January 5th.

Bapepam-LK revoke 7 brokers license

BI/bursa
2/2/2011
Irvin Avriano A.
Bisnis Indonesia

Bapepam-LK revoke 7 broker dealers license

JAKARTA: Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) revoke seven brokerage (PPE) license or commonly known by the name of a securities dealer permit. The capital market authority also revoke an underwriter permit from a company.

The six broker license was revoked from PT Usaha Bersama Sekuritas, PT Makefin, PT Pandurama Securities, PT United Asia Securities, PT Unisecurindo Abadi, PT Summit Nusantara Capital, PT Jasabanda Garta.

HD Finance will IPO IDR100 bio

BI/exchange

1/2/2011
Irvin Avriano A.
Bisnis Indonesia

HD Finance will IPO IDR100 bio

JAKARTA: PT HD Finance, finance company from the Orang Tua Group, intends to conduct an initial public offering (IPO) worth at least IDR100 billion.

Company Assessment Director of Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) Eddy Sugito said the company plans to issue as much as 30% of its shares to the public in the 2nd quarter of 2011.

Smart claim not directly involved to Karang Mendapo conflict

bourse

Irvin Avriano A.

Smart claim not directly involved to Karang Mendapo conflict

JAKARTA: PT Sinar Mas Agro Resources & Technology Tbk (Smart), an oil palm plantation wings from Sinar Mas Group, declare their subsidiary PT Kresna Duta Agroindo (KDA) has not directly involved in a conflict that have claimed victim between villagers and policemen in Karang Mendapo, Jambi.

The company which commandeered by Jo Daud Dharsono is also explain that the conflict is only happen between the villagers and with Koperasi (Cooperative) Tiga Serumpun that backed up by the police. The conflict that happen in January 15th claimed six shot-down-victims and brings seven villagers to be caged by policemen for investigation.

Bank Jabar Banten bond coupon 9.2%, 10.2%, 10.4%

BI/bursa

31/1/2011

Irvin Avriano A.

Bisnis Indonesia

Bank Jabar Banten bond coupon 9.2%, 10.2%, 10.4%

JAKARTA: PT Bank Jabar Banten Tbk, the biggest regional bank in Indonesia, raise up their shortest tenure VII/2011 A tranche bond coupon to 9.2%, than the indication that previously offered at 7.44%--8.44% level because of the declining of government bond price lately. The bond tranche will mature in 2014.