Bank Nagari Prices Offering 5y Bond and Sukuk at 10.6% – 11.1%

PT Bank Nagari is offering 10.6% – 11.1% for 5y conventional and sukuk bond with the issue size of IDR 500 bn and IDR 100 bn respectively. Bank Nagari and its conventional and sukuk are rated at A by Pefindo. The book building will be on 8 – 17 Dec 2015 while the public offering on 4 – 5 January 2016. Elsewhere, Bank Rakyat Indonesia (BBRI:IJ) has also stated to release another bond worth IDR 3 trn next year. The company has issued IDR 3 trn bond in early July 2015 offering three series with a maturity of 1,3, and 5 year. apart from banking sector, Pelindo III has announced the plan to raise IDR 9 – 10 trn from bond sales during the next five year where the proceed will be used to finance the development of 25 ports project.

The 3y and 5y of Bank BTN Bonds Offer c.172-211bps Risk Premium

Tower Bersama Infrastructure Prices 5y Bond of IDR230Bn at 9.25%

SMRA Prices its 5y Bond at 10.5-11% and 3y at 11-12%

15y IndoGb Moved Flat Before the Reopening

The yield on Indonesia 20y bond closed below 15y bond