Government bond price rebounded today

BI/bursa

18/1/2011
Irvin Avriano A.

JAKARTA: Government bond price (surat utang negara/SUN) price rebounded today and supress its yield, after debt management office (DMO/Ditjen Pengelolaan Utang) held an auction that absorb IDR6.05 trillion from bid given by bond-market player.

Data issued by Indonesia Bond Pricing Agency (IBPA/PT Penilai Harga Efek Indonesia) today shows the yield for 5 year bond corrected 10 basis points (bps) to 7.5% from previously 7.6%, while yield 10 year bond corrected 15 bps to 8.5%.

Moody's can not hold SUN correction

BI/bursa

Irvin Avriano A.
Bisnis Indonesia

Moody's can not hold SUN correction

JAKARTA: Moody's upgrade on Indonesia's sovereign rating can not ease the selling pressure on government bond (SUN/surat utang negara) price in the secondary market.

Price index from Inter Dealer Market Association (IDMA/Himdasun) shows the pressure caused price declining and formed a lowest level since May 31th last year. The data showed the index turn down to 99.92 level from 100.8 level on last weekend. The 100.8 price already corrected from 102.9 level on the previous weeks, January 14th.

Review on Monday newspaper

BI/bursa
Irvin Avriano A.

17/1/2011
Review on Monday economic newspaper:

Bisnis Indonesia: As much as four sovereign owned enterprise (SOE/BUMN) net profit reach IDR20 trillion last year.

SOE Minister Mustafa predicts the biggest contributors are PT Bank Mandiri Tbk and PT Bank Rakyat Indonesia Tbk IDR8 trio each, while the rest from PT Bank Tabungan Negara Tbk and PT Bank Negara Indonesia Tbk (BNI). The high net profit caused by high lending. (Bambang Priyo Jatmiko)

Bisnis Indonesia: Perum Pegadaian will issue IDR2 trio XIV/2011 bond on mid year to refinancing its previous bond matured this year. Pegadaian Finance Director Budiyanto said they will pick its underwriter on mid February. The company also intend to seek bank loan to refinance the matured bond. The issuance also can used to fund their working capital. (Ratna Ariyanti)

Mandiri Tunas Finance to issue IDR500 bio--600 bio bond

BI/bursa

Bisnis Indonesia

Mandiri Tunas Finance to issue IDR500 bio--600 bio bond

JAKARTA: PT Mandiri Tunas Finance will issue VI/2011 bond worth IDR500 billion--600 bio on this quarter.

Mandiri Tunas Finance President Director Anton Setiawan said the company already appoint PT Mandiri Sekuritas, its affiliation, to became the issuance plan underwriter.

ABDA plan to increase capital

BI / exchange

17/1/2011
Irvin Avriano A.
Bisnis Indonesia

ABDA plan to increase capital

JAKARTA: PT Asuransi Bina Dana Arta Tbk (ABDA) intends to increase the company's capital and change the composition of their management.

This information was revealed in the agenda of extraordinary general meeting of shareholders (EGM), announced on the website of Indonesian Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) today.

Credit Suisse start to eyes Indonesia consumer sector

BI/bursa

17/1/2011

Irvin Avriano A.

Bisnis Indonesia

Credit Suisse start to eyes Indonesia's consumer sector

JAKARTA: Credit Suisse AG, a global financial service company, start to eyes on Indonesia's consumer related sector.

It is proved by the insertion of Indonesia's consumer related sector to their survey in Asia-Pacific last year while another country began years earlier. The survey's result announced today, through a press teleconference.

Moody's upgraded Indonesia rating to Ba1

BI/bursa

17/1/2011

Irvin Avriano A.

Bisnis Indonesia

Moody's upgraded Indonesia rating to Ba1

JAKARTA: Moody's Investors Service upgraded the rating for Indonesia's sovereign bond and credit rating from Ba2 level to Ba1 level, a very single notch under investment grade. The nation's rating outlook set at stable level.

The other global credit rating company set Indonesia level at BB+ from Fitch Ratings and BB from Standard&Poor's (S&P). Fitch's rating upgraded from BB to BB+ since January last year, while rating from S&P upgraded since last March.

The upgrading action following positive outlook that has been given last December. Aninda Mitra, Moody's VP and lead of sovereign analyst for Indonesia, said there are three factor that support those rating.