New Bond Issues From Mayora and Eximbank

Eximbank Indonesia starts this new year with an offering of shelf registered bond III tranche IV worth IDR3trn bonds, the book building has begun yesterday until 30 January.  The bond is divided into 5 series; Series A (370 days) guided at 7.20%-7.70%, Series B (3 year) at 7.90% – 8.50%, Series C (5 year) at 8.20% – 9.00%, Series D (7 year) at 8.35% – 9.25% and Series E (10 year) at 8.60% – 9.50%. They are higher 35-70bps compared to its last issue in November last year. Meanwhile, Mayora Indah, Tbk (MYOR IJ,idAA-/Stable) guided its IDR500bn of 5y and 7y bond at 8.5-9.25% and 8.75-9.5% respectively. According to our data, the indicative coupon is offered at risk premium of 117-210bps above the benchmark yields. The net proceeds will be used for working capital and to pay off its maturing sukuk worth of IDR250bn this year.

Bank Negara Indonesia’s KUR Extra Quota worth IDR3Trn

PP Properti Recorded IDR3Trn Marketing Sales in FY17

Adhi Persada Marketing Sales Target of IDR3Trn

Government Set KUR Interest Rate at 7%

External Sentiment Shadowing Indonesia Bond Market