Banks And Multifinance Dominated Indonesia Primary Issuances in 9M16

Total corporate bonds issuance in the first nine month of this year has reached a staggering IDR79trn, up by 26% than full year issuances in 2015. This year issuances were still dominated by banks and multifinance firms with their combined issuances accounted for 80% of total year to date issuances. The biggest issuer was Eximbank, that had released a total of IDR12.4trn bonds this year and the second one is Bank Rakyat Indonesia (BBRI IJ) with total IDR9trn bonds issuance thus far. Yet Bank BRI has sign up for another bond program worth IDR7trn while its subsidiary BRI syariah will soon offer IDR1trn of sukuk mudharabah in November where we see it might attract decent demand amid current burgeoning liquidity in the market as a result of positive progress from tax amnesty. Recently, there are a total of IDR7trn new offering in the market mainly stemming from multifinance industry as shown from the below table.

Perusahaan Gas Negara Seeks External Funding

Gas Negara Sells CNG Gas 12Kg

Mandiri Tunas Finance and Pegadaian Prepare Bond Issuances

Sukuk Auction Bidding Only Worth IDR13.87Trn

2016 Corporate Issuance to Reach IDR110Trn