Search result for: "SOE"

Super Holding Company to Replace SOE. PT Angkasa Pura II (Persero) state the company’s plan. After the tourism and aviation BUMN holding was form. President Director of Angkasa Pura II Muhammad Awaluddin said. The company would be under the parent company of PT Penas Air Survey. Holding creates a single.

Soechi Lines Syndicated loan Maturity. Indonesia base shipping company, Soechi Lines Tbk (SOCI IJ) is discussing the possibility of a refinancing scheme. For syndication that will mature in 2021. Based on 1Q20 financial statements, Soechi Lines has a syndicated loan that will mature in.

Edwin Soeryadjaya Buyback Saratoga. An investment company and one of the largest conglomerates in Indonesia. Saratoga Investama Sedaya Tbk (SRTG IJ). President Commissioner of the company, Edwin Soeryadjaya bought 15.83 million shares of the company in the last two weeks. Base on Saratoga’s report on the company’s share.

SOEs Implements Social Distancing Coronavirus. Various State Owned Enterprises (SOEs) that have business related to public service began to implement social distancing in anticipation of the spread of Coronavirus.

Mining SOEs holding allocates IDR17Trn capital expenditure (capex) for FY18 where the largest Bukit Asam, Tbk (PTBA:IJ) will receive the largest allocation. Currently, holding members of state owned enterprise (SOE)s are discussing the capital expenditure’s source of.

On the rating front, Fitch has raised the outlook on 6 Indonesia stated owned companies to positive following its revision on the country’s sovereign rating. The SOEs whose outlook being revised to positive are; i) Perusahaan Listrik Negara (PLN), ii) Perusahaan Gas Negara, Tbk (PGAS IJ), iii) Telekomunikasi Indonesia, Tbk (TLKM IJ), iv) Pertamina, v).

Eximbank and Sarana Multi  Infrastruktur (SMI) have started the book building for the new bonds this week. SMI is offering Shelf Registration Bond I tranche of IDR5trn which split into 5 series of several tenors, they are; Series A (3 yr) guided at 7.25%-8.00%, Series B (5yr) at 7.50%-8.25%, Series C (10yr)  at 8.15%-8.90% and.

Indonesia airport state owned company, Angkasa Pura II, released prospectus for Bond I/2016 this week citing the final coupon which is offered closed to lower end of its guidance prices during book building period. The prices are; 5-year at 8.60% (guidance: 8.5% -8.75%) with face value of IDR1trn, 7-year at 8.8% (guidance: 8.75%-9.0%) with face.

The demand for stated owned bonds continue to rise amid the Otoritas Jasa Keuangan (OJK) plan to include  50% of those bonds into minimum investment of government securities for non-bank financial institution, as stated by OJK draft circulated last week. The increasing appetite for SOE bonds could be seen from the bids received for those.

The planning to include 25% of State Owned infrastructure bonds to the minimum regulation government bonds portfolio for Non Bank Financial Industry (NBFI) will attract related SOE to issue more bonds. Bank Indonesia alone has requested SOE to issue bonds aggressively this year to absorb repatriated funds from the proposed tax amnesty program. This week,.