Kategori: Finance

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,.

Indonesia primary market remains light at this week trading with two new issuers from multifinance eyeing to release bond, they are; BFI Finance Indonesia (BFIN IJ, idA+/Pos) and Maybank Indonesia Finance (MIF, idAA+/Sta). BFIN is offering IDR1trn bonds which split into 3 series with tenures of; 370 days priced at 8.00% – 8.75% 3 years.

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.

Bank Tabungan Negara, Tbk (BBTN IJ, idAA+/Sta) prices the 3y bond of IDR1.5trn at 8.2% and 5y bond of IDR1.65% at 8.75%. The price for 3y bond was similar to the bonds issued by Sarana Multigriya Finansial (SMF, also rated idAA+/Sta) on mid-June when SUN benchmark yield still traded above 7%. As such, current bonds.

Indonesia Eximbank is offering shelf registration bond III tranche II worth of IDR4.33trn of a total IDR24trn maximum limit. The company offers three series from this issuance; Series A (370 days) priced at 7.25%, Series B (3 years) priced at 7.95% and series C (5 years) priced at 8.35%. The prices on three series are.

There are 8 bonds issuers in July with total issuance of IDR8.1trillion, it was much lower than IDR22.4trillion booked in June. Less corporate bonds issuance in July was due to Idul Fitri holiday, urging issuers to delay bonds issuance this month. Current ongoing issuance is Bank Tabungan Negara, Tbk (BBTN IJ, idAA+/Sta) offering Shelf Registration.

According to the bond prospectus released this week, Bank Tabungan Pensiunan Nasional, Tbk (BTPN IJ, AAA(idn)/Stable) is offering Shelf Registration Bond III Tranche I that split into 2 series; Series A having 370 days maturity priced at 7.5% and Series B with 3 year maturity priced at 8.0%. The final price for 3 year bond.

Wahana Ottomitra Multiartha, Tbk (WOMF IJ), a company of 70% focus on new motorcycle financing, has been finance up to IDR2.2trn as of May 2016. This financing reached 37% of its target totally worth IDR6trn at the end of this year. The Company utilizes a 10% increase in May’s sales from the previous month, as.

We see primary activity was busy this month as new deals keep flowing. The ongoing offering are Indonesia Infrastructure Finance (IIF rated idAAA/stable) offering 3y (coupon: 8.0-8.25%), 5y (coupon: 8.45-8.70%) and 7y (coupon: 8.65-9.0%). We think the bonds will attract strong interest amid Otoritas Jasa Keuangan (OJK) planning to include certain percentage of state owned.

Indonesia banking sectors seek to broaden its long-term funding base through the issuance of debt securities those are believed to be cheaper than funding from customer deposits. Total fundraising from bonds market by banks sector year to date has reached IDR5.7trn. That number will increase as some listed banks will get the issuance out soon,.