Jababeka and PP Properties work on Riverview Project
Kawasan Industri Jababeka, Tbk (KIJA IJ) and PP Properti, Tbk (PPRO IJ) agreed to build simultaneously market the project apartment Riverview Residences and Commercial Riverwalk Park. It was proved by signing the cooperation agreement conducted by the President Director of Jababeka Liman Budianto, Director Jababeka Suteja Sidarta Darmono, and President Director of PP Properti Taufik.
Read More...Indomobil Finance Priced 3 New Bonds Series at 9.5%-11.25%
Indomobil Finance (idA/Stabil) or IMFI has started a book building for its three new bonds series: 1y priced at a range of 9.5%-10.25%; 3y at 10.4%-11.15% and; 5y at 10.5%-11.25%. The company has 6 bonds series maturing this year worth a total of IDR1,285 bn and IMFI also has issued IDR1.09trn bonds last year to.
Read More...Mandiri Tunas Finance and Pegadaian Prepare Bond Issuances
Mandiri Tunas Finance (idAA/Stable) and Pegadaian (idAA+/Stable) are among other two issuers who have revealed the plan to release bonds this year. Mandiri Tunas Finance or TUFI planned to issue IDR1.4trn bond this year which will be split into two tranches, expected to be issued in the first and second semester this year. TUFI’s funding.
Read More...Good Start To The Year For Media Nusantara
In Jan 2016, Media Nusantara managed to maintain its solid performance – its prime time audience share improved 6% MoM to 46.5%, driven by a strong showing from its three TV stations. Meanwhile, Trans Corp was the top gainer in prime time audience share in Jan 2016 (+26%) due to its recently-aired programme, Improvisasi Selebriti..
Read More...Indonesia’s Baa3 Rating Affirmed: Moody’s Reviews Pertamina and Energi Mega Reviewed for Downgrade
Moody’s Investors Service has affirmed the Government of Indonesia’s Baa3 issuer rating with a stable outlook. The key drivers are 1) Indonesia will maintain its strong balance sheet against the current backdrop of widening fiscal deficits and 2) policymakers will continue to effectively manage the risks from lower commodity prices and weaker growth to ensure.
Read More...Lighter Indonesia Bonds Issuances from Infrastructure and Property SOE’s
Bank Indonesia’s rate cut and debt refinancing would drive some SOE’s to raise capital from bond issuance this year. Waskita Karya Tbk (WSKT:IJ idA/Stable) and Jasa Marga Tbk (JSMR:IJ idAA/Stable) seeks to release bonds worth IDR 2 trn and IDR 1,5 trn respectively. Waskita’s bond will be part of its two years bond program worth.
Read More...Bank BTPN Upgraded to AAA Driven by Higher Holding’s Credit Profile
Fitch Rating Indonesia upgraded national rating on Bank Tabungan Pensiunan Nasional Tbk (BTPN) to AAA(idn) from AA+(idn) with a stable outlook. The upgrade was driven by its parent’s strong credit profile, Sumitomo Mitsui Banking Corporation (SMBC) which its rating also upgraded to ‘A’ from ‘A-‘ last year. The rating upgrade on BTPN indicates strong tendency.
Read More...Bank BRI Priced its New Bonds at 8.5%-9.6%; Eximbank’s Coupon Rate Likely to be Priced Similar to BRI
The newly offered bonds by Bank Rakyat Indonesia, Tbk (BBRI:IJ) are priced at 8.5% for 1y bond while the 3y and 5y bonds priced at 9.25% and 9.6% respectively. They all are higher by 5-10bps than the coupon rate given on its similar bonds last year. Note that the bank has also issued 3 bonds.
Read More...ACE Hardware On Grand Sale
The company is having another up-to-50% sales promotion this month to reduce its excessively high 227 inventory days as of 9M15 – the highest among retailers under our retail coverage. Better Consumer Confidence Index in Dec 2015. Indonesia’s Consumer Confidence Index rose for the second time above 100 in Dec 2015 (Oct 2015: 99.3; Nov.
Read More...Modernland and Two SOE’s Plans for Another Bonds Issuances
On this week trading, there were at least three issuers who stated to get the bond issuance out this year. Modernland Tbk (MDLN:IJ idA/Stable) seeks for the second tranche issuance this year following the first tranche release last year. The issuance will be part of IDR2 trn bond program of which IDR 750bn has been.
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