Jakarta Securities examination going deepened

BI/bursa

16/1/2011

Irvin Avriano A.

Bisnis Indonesia

Jakarta Securities examination going deepened

JAKARTA: PT Jakarta Securities examination by capital market authority became more intensified, after the securities company filed some objection to trading suspension by the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia).

"Jakarta Securities document has been lifted to my bureau," said Examination and Investigation Bureau Chief of Bapepam-LK Sarjito to Bisnis last weekend.

Bakrie Plantations' rating slumped to Caa1

BI/bursa

Irvin Avriano A.

Bisnis Indonesia

Bakrie Plantations' rating slumped to Caa1

JAKARTA: Moody's Investors Service dowgraded PT Bakrie Sumatra Plantations Tbk's corporate and bond rating one step from B3 level to Caa1 level, related to hiked leverage.

The international credit rating company also still assign prospect for those rating in negative level.

BCA Finance to issue IDR1 trio next quarter: Bahana, DBS Vickers, and Transasia picked to become the underwriter

BI/bursa

Irvin Avriano A.

Bisnis Indonesia

BCA Finance to issue IDR1 trio next quarter: Bahana, DBS Vickers, and Transasia picked to become the underwriter

JAKARTA: PT BCA Finance will issue a new bond worth IDR1 trillion in 3rdQ/2011 and have appoint three underwriter.

"The plan is to listing the bond on May. The underwriter that will help us [to issue the bond] are PT Bahana Securities, PT DBS Vickers Securities Indonesia, and PT Transasia Securities," said BCA Finance President Director Roni Haslim yesterday.

Garuda offers shares' price at IDR750--1,000

BI/Bourse

12/1/2011

Irvin Avriano A.

Bisnis Indonesia

JAKARTA: PT Garuda Indonesia Tbk offered price range for their listed shares at IDR750--1,050 level per shares in the initial public offering (IPO) process that has been going.

Analyst said the range will be attractive to the retail investors, especially when the state owned enterprise (SOE/BUMN) commercial air transport company set up the price below IDR1,000 level per share.

Verena will issue IDR500 bio bond

BI/bourse

12/1/2011

Irvin Avriano A.

Bisnis Indonesia

JAKARTA: PT Verena Oto Finance Tbk will issue their first bond worth IDR500 billion on April.

Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) Financial Assessment Director Eddy Sugito said the emitters have appoint three underwriter for the bond issuance.

Infoasia miss its bond payment

BI/bursa

Irvin Avriano A.
Bisnis Indonesia

Infoasia miss again its bond repayment

JAKARTA: PT Infoasia Teknologi Global Tbk haven't been set up for their II/2004 bond principal maturity worth IDR69.49 billion last December. The breach could given the company a second default statement.

"[They] haven't been set up [the bond paid off]," said Indonesian Stock Exchange (IDX) Corporate Finance Director Eddy Sugito yesterday.

Fuad Rahmany rumored to be replaced

BI/bursa

7/1/2011
Arif Gunawan S., Agust Supriyadi, Irvin Avriano A.
Bisnis Indonesia

Fuad Rahmany rumored to be replaced

JAKARTA: Bapepam-LK Chief Ahmad Fuad 'Arjuna' Rahmany rumored to be replaced immediately, related to selection that been held from the end of last year to pick the replacement.

Based on rumors in the capital market players, the Arjuna replacement selection was followed by a several candidate from Bapepam-LK internal officials and in the Ministry of Finance's (MoF) circles.