Kategori: Finance

PT Bank CIMB Niaga, Tbk (BNGA IJ) confiscated the asset of PT Modern International, Tbk (MDRN IJ) and its subsidiary namely PT Modern Sevel Indonesia, which were collateral in the bank worth IDR124bn. Its collateral was confiscated by the bank, is to repay Modern’s loan since shutting down 7 Eleven in last June.

Adira Dinamika Multi Finance, Tbk (ADMF IJ) reported its revenue worth IDR4.38trn in 1H2017, came from consumer financing worth IDR2.32trn, followed by murabahah margin IDR1.16trn, finance leased worth IDR59.40bn, and others IDR833.07bn. While consumer financing as the largest contribution, but its segment decreased compared same period 2016. Total income of the company worth IDR681.48bn. During.

Bank Tabungan Negara (Persero), Tbk (BBTN IJ) and Asuransi Jasa Indonesia establish a life insurance company, namely BTN-Jasindo Life in early December 2017. Insurance company with initial capital worth IDR300bn, had its 70% is contributed by Bank BTN as majority controlling, and the remaining 30% is owned by Jasindo as a minority shareholder. For the.

Bank Negara Indonesia, Tbk (BBNI IJ) will issue IDR3trn bonds in June 2017. This is a 5-years bond with idAAA (triple A) ratings from Pemeringkat Indonesia (Pefindo). This issuance is part of the continuous bonds I with a total target of IDR10trn. Besides for credit expansion, the purpose for this bonds issuance is to increase.

A company specializing in funding micro businesses, Permodalan Nasional Madani (PNM) will issue IDR4trn bonds until 2018 to support the company’s working capital. Currently, the company will issue I stage continuous public offer (PUB) II worth IDR1.5trn. Then, PNM will issue another bond worth IDR1trn on 2H2017 and IDR1.5trn on 2018. The funds will be.

Multifinance company, Chandra Sakti Utama Leasing offers IDR500bn bonds with coupon varies from 9.25% to 10.75% in order to push financing business. The bonds are divided into two series, A series 370-days with coupon range 9.25%-10% and B series 3-years with coupon range 10%-10.75%. This is the first bonds that the company has been issued..

Bank Negara Indonesia, Tbk (BBNI IJ) is looking for IDR10trn fund that comes from bonds’ issuance worth IDR5trn and negotiable certificate of deposit (NCD). The company is utilizing current momentum regarding Indonesia’s investment grade in order to get a low-interest rate. Furthermore, Mayapada Bank also doing the same thing. By this year, Mayapada Bank is.

The company plan to fix its funding structure through bonds and Negotiable Certificate of Deposit (NCD) issues. This strategy is to sustain company’s credit expansion in this year. The company projected to issue bonds on this coming June, worth IDR2trn through 2 series, 3 and 5 years. Fitch’s Rating granted AA on the first issue..

State-owned lender Bank Mandiri, Tbk (BMRI IJ) expects to raise IDR5trn (USD375.6mn) from an upcoming bonds issuance to support its long-term financing on infrastructure projects. The upcoming issuance will take form in two types of securities, namely coupon-bond and zero-coupon bond. The lender will become the first bank in the country to issue such debt.

State-owned company Sarana Multigriya Finansial (SMF) has prepared a new round of self-registration bond s with the intention of securing another IDR12trn (USD897) in fresh funds to support its mortgage refinancing business. The bonds would be issued in several stages starting from the second quarter until 2018, with the ceiling for the bonds is twice.