Kategori: Finance

Bank Rakyat Indonesia, Tbk (BBRI IJ) will issue and offer the Bank BRI II Phase II Year 2017 Self Registration Bonds, with a total amount of IDR5.1trn and such bonds was registered into KSEI’s collective custody by Bank Rakyat Indonesia (Persero) Tbk for Public Offering. The bonds issued in four series: the A series worth.

Adira Dinamika Multi Finance, Tbk (ADMF IJ) is to raise IDR2.01trn from bonds and IDR386bn from sukuk mudharabah or Islamic bonds. For IDR2.01trn bond sale, the company will offer as much as IDR913bn worth of one-year bonds with a coupon rate of 7.50%, IDR860bn worth of three-year bonds with a coupon rate of 8.60%, as.

Indomobil Finance, the subsidiary of Indomobil Multi Jasa, Tbk (IMJS IJ), issue bonds to raise funds. The company issue Continuous Bond II Indomobil Finance Indonesia with fixed interest rate Phase IV Year 2017 with a principal value of IDR410bn. This issuance is part of Bond II Indomobil Finance Indonesia with a maximum ceiling of IDR3trn..

BOND STRUCTURE Bond Name : Shelf Registration II SAN Finance Tranche II Year 2017 Issuance Size : IDR 1,500,000,000,000 (one trillion and five hundred billion rupiah) in principal amount Rating : idAA- (Double A Minus), stable outlook by PT Pemeringkat Efek Indonesia (“Pefindo”), AA(idn) (Double A), stable outlook by Fitch Rating Indonesia Tenures : Series.

Currently, there are three multifinance names offering new bonds in the primary market with one of the issuer i.e. Toyota Astra Financial (TAFS, idAAA/Stable) has completed the book building period. TAFS received decent bids for its new bond  offering as it oversubscribed by 1.3 times, with investors’ appetite skewed to short term bonds. TAFS’ final.

Fitch Ratings Indonesia has placed Wahana Ottomitra Multiartha Tbk’s (WOMF IJ, AA) on Rating Watch Negative (RWN), following its parent Bank Maybank Indonesia Tbk (BNII, AAA(idn)/Stable) that plans to sell its entire shares of 68.55% to investment holding company Reliance Capital Management. The transaction is expected to close in 1Q17.  WOMF’s ratings currently stood at.

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.

Fitch Ratings has revised the outlook on Indonesia Eximbank to Positive from Stable. At the same time, Fitch did not raise outlook on other 3 SOE banks Bank Rakyat Indonesia, Tbk (BBRI:IJ), Bank Mandiri, Tbk (BMRI:IJ), and Bank Negara Indonesia, Tbk (BBNI:IJ) but affirming them at stable outlook in view that the government’s support on.

On the primary front, there are two issuers offering new bonds at the meantime, they are; i) Bank Bukopin, Tbk (BBKP IJ, idA+/Stable) proposing IDR1.6trn of 7y subdebt at 11% and ii) Toyota Astra Finansial (TAFS, idAAA/Stable) offering IDR1.5trn bond. TAFS split its bonds offering into 2 series; series A of 370 days is guided.

Total IDR corporate bonds issuance this year reached a record high of IDR112.8trn, up 80% from last year issuance. Primary issuance though remains less diversified as banking and multifinance sectors dominated the issuance. Banking and multifnance firms accounted for 46% and 32% of total issuance this year. Other sectors like transportation and telecommunication issued only.