Issuers Staying on the Sideline
Indonesia recent market volatility has caused some issuers to cancel the bond issuance this year. Las week, Tower Bersama Infrastructure Tbk (TBIG:IJ) has decided to cancel the sale of IDR 3.2 trillion bond from its remaining continuous bond I program due to unfavorable market condition. The company actually has completed the book building period for IDR 1 trillion of bond sale where investors demanded high yield for the bonds due the sharp rise in government bonds yields.
Adira Finance to Issue Another IDR 1.44 Trillion Bond
Mutual Funds’ Net Buy Recorded at IDR21trn
July Issuance Gets Slower to IDR8.1trn
Indonesia ORI012 Mixed Ahead of New Series Offering
The 15 year bond FR0073 Remains Favorite at This Week Auction Despite Weaker Demand
On other hand, Waskita Karya Tbk (WSKT:IJ) continues its bonds sale worth IDR 1.5 trillion where the company is offering 2 series bonds: Series A (3 years) is carrying 10.4% coupon rate with a face value of IDR 350 billion and Series B (5 years) is carrying IDR 1.15 trillion in principal value with 11,1% of coupon rate. 30% of its bond sale proceed will be used for toll road investment in Java and Sumatera, while the remaining 70% for working capital. Public offering will be held on 9 and 12 October 2015 and listed in IDX on 19 October 2015.
Indo Tambangraya Megah Acquisition Nusa Persada Resources worth USD30Mn
Indonesia Kendaraan Terminal Target 38% of Revenue Growth
Bank BCA Credit Growth 13% Support by All Segment
BI Expects Inflation Reach 3.5% YoY in FY18
Central Government Debt Worth IDR3,866.45Trn in September
Apart from that, Mandiri Tunas Finance and Wahana Ottomitra Multiartha Tbk (WOMF:IJ) stated to release bond in the remaining three months of this year. MTF expects to release Shelf Registered Bond I worth IDR 2 trillion with the first tranche worth IDR 600 billion will be issued between November and December. While WOM Finance is waiting to appropriate time to release its Shelf Registered Bond II worth a total of IDR 4-5 trillion. Currently, WOM Finance needs a total of IDR 1.8 trillion to disburse financing in 4Q15 while the company has secured funding from its parent.
