Kategori: Finance

We see Indonesia bond market prices have recovered in last week trading with  the yield on medium term bonds (5-7y) and long tenured bond (10y) tighten 7-11bps while short term bond only widen 3 bps. Recovery in corp bonds market was also seen in government bonds given foreign net sell minimized to Rp 1.2 trillion.

On rating front, Pemeringkat Efek Indonesia (Pefindo) has downgraded the outlook on two domestic banks namely Bank DKI and Bank Muamalat to Negative from stable. The downgrades were driven by the probability of further deterioration of their asset quality due to increasing trend of NPL and SML. Bank DKI’s NPL ratio spiked to 7.3% in.

The book building period for Waskita Karya, Tbk (WSKT:IJ) bond has ended on 18 September with an excess order book reached IDR 7.5 trillion, oversubscribed 5 times. As the bond received strong demand, Waskita able to set the coupon rate at a lower limit with Series A (3 years) offered at 10.4% and Series B.

Indonesia corporate bonds yield continued widening on last week trading with the yields short tenor bonds rose faster than longer dated bonds. Short term bonds in AAA space climbed an average of 22 bps WoW while medium term papers only widened by 8 bps WoW. Based on the rating front, we saw AA and A.

The bond market experienced a sharp volatility in the first four days of last week trading with the credit and govvies yield rallied significantly. Credit yield in AAA space jumped by an average of 30 bps in all tenors in four days trading as investors acted cautiously prior to FOMC meeting. However, investors bought back.

Investors become more defensive to respond recent market uncertainty amidst ongoing IDR sharp depreciation. Transaction volume in Indonesia secondary market dropped to IDR 3691 trillion last week, down by 13% WoW. Transaction frequency was also down to 394 times from 424 times in earlier week. Secondary flow skewed to AAA names dominating 70% of the.

Activity in Indonesia primary market was quite during this month. There was no new bond released in the last 5 weeks. The last issuance was on 10 July. Last month, we saw 5 issuers with 14 bonds issued worth IDR 9.3 trillion in total. Meanwhile, this month’s primary market activities were filled up only by.

We saw yields continued moving upward in last week trading with the yields in AAA space widened the most as compared to other lower rated bonds. Yields in AAA space widened by an average of 14 bps WoW whilst AA and A rated bonds only rose by an average of 7bps WoW. However, yields in.

Adira Dinamika Multifinance, TBk (ADMF:IJ) will offer 2nd tranche of its for Shelf Registered Bond III 2015 worth IDR 1.44 trillion. The bond is part of Shelf Registered Bond III program worth IDR 8 trillion, whereas first tranche of the bond worth IDR 979 billion has been issued at end of June. In the second.

Indonesia credit market transaction in last week trading touched IDR3,6 trillion, mostly short tenured (1-3 year) with a volume reaching IDR3,1 trillion or 86% of total market transaction last week. Looking at trading frequency, short tenured bonds (1-3 year) received higher trading frequency of 244x as compared to 35x and 15x in medium (5-7 year).