Indonesia Primary Market Getting Busier

Indonesia primary market is starting to get busy this week after seeing quiet week last month. The new bonds being offered at the moment coming from diversified sector with indicative prices seen getting lower compared to the last month issuance. Meanwhile, some companies also have announced their plans this week to get the bonds out in the 2H16, among them are; i) Angkasa Pura I is reportedly in preparing of IDR3trn bond issuance to that is targeted to be released on Nov-Dec this year. The company has received a new rating of idAAA/Stable from Pemeringkat Efek Indonesia (Pefindo) in mid June ii) Bank Mandiri Tbk (BMRI:IJ, idAAA/Sta) is also in the preparation to release 3y and 5y bonds in 3Q16 with a total issuance size of IDR5trn. The bond will be part of Shelf Registration Bond which carries a total limit of IDR14trn to be issued gradually up to 2018.

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