Jasa Marga, Tbk (JSMR:IJ) has continued to seek alternative funding to meet the target operating 1,260 km of toll roads. One of the selected funding in the near future was to issue sukuk. Company is still need IDR60Bn to complete 1,260 km, or company will be operating a 200 km each year. On the other.
Read More...Medco Energi International, Tbk (MEDC IJ) planning to release II continuous bonds tranche V worth IDR1.3trn. This bonds will be offered in 3 series, A series 1-year with 8.75% coupon; B series 3-years with 10.8% coupon; and C series 5-years with 11.3% coupon. The company will use 60% of the funds to pay off both.
Read More...XL Axiata, Tbk (EXCL IJ) Indonesia’s second-largest mobile phone operator is planning to raise IDR2.18trn (USD163mn) from selling Islamic bonds this month to refinance its debt and fund its working capital. The company’s Islamic bond sale is the second tranche of the planned IDR5trn issuance. In 2015, XL issued IDR1.5trn. The company will offer the.
Read More...Tower Bersama Infrastruktur, Tbk (TBIG IJ), a tower rent provider, issue bond worth IDR230bn from its indicative target IDR600bn. Investor’s coupon expectation above its target between 8.75% up to 9.5%, made this Tower Bersama Shelf Registration Bond Tranche I tenor 3-years record undersubscribed 38%. For the record, the bond has rating at level AA- (double.
Read More...Investors have been buying an inventory growth story and lower ROE since FY12. As ACE’s inventory growth has always exceeded its sales growth since FY11, there might be inventory write-offs or aggressive discounts given in the future to reduce its excessively high c.200 inventory days (as at end-FY15). Furthermore, due to its high inventory, the.
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