Search result for: "Shelf Registered Bond"

PT Semen Indonesia (Persero), Tbk (SMGR IJ) record a rise in liabilities to more than 20% in 3Q17. The increase is due to the issuance of bonds by the middle of this year. Company issue Shelf Registered Bond I Tranche I Year 2017, made the company’s liabilities is increased up to 25.57% until September 2017,.

Astra Sedaya Finance, one of subsidiary Astra International, Tbk (ASII:IJ) is offering its Shelf Registered Bond III Tranche IV Year 2017 coupon bonds up to 7.65% per annum. While the bond value totaling IDR1.8trn, and consist of three series: series A tenor 370-days worth IDR975bn with coupon rate at 6.25%, series B tenor 3-years worth IDR625bn coupon rate7.5%,.

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.

After downgrading Waskita Karya (Persero) Tbk (WSKT:IJ) rating to ‘idA-‘, Pemeringkat Efek Indonesia (Pefindo) now has downgraded another state owned construction company. Rating of Adhi Karya (Persero) Tbk (ADHI:IJ) and its outstanding shelf registered bond as well as shelf registered sukuk mudharabah was downgraded to ‘idA-‘ from ‘idA’ by Pefindo. Though the outlook for Adhi.

Pemeringkat Efek Indonesia (Pefindo) has revised Sinar Mas Agro Resources and Technology Tbk (SMAR:IJ) outlook to negative from stable. The outlook revision reflects SMAR’s weakening capital structure and cash flow protection. SMAR booked lower EBITDA margin during 9M15 due to continued low CPO price, while its debts increase partially because of foreign exchange debt following.

Some Indonesia State Owned Enterprise (SOE)s who have stated to release bond next year were; Jasa Marga, Tbk (JSMR:IJ), Wijaya Karya, Tbk (WIKA:IJ), Semen Indonesia, Tbk (SMGR:IJ) and PP Properti, Tbk (PPRO:IJ). In the purposed state budged 2016, WIKA would receive IDR 3 trn from state capital to work on some infrastructure projects. The company.

On rating front, Pemeringkat Efek Indonesia (Pefindo) lowered PT Medco Energi Internasional, Tbk (MEDC:IJ) to idA+/stable (from idAA-/negative) along with its Shelf Registered Bond I 2012-2013, USD bond I 2011-2012 and Bond III/2012. Downgrade was driven by continued weak crude prices which resulted a weaker revenue and profitability. In 1H2015, the company realized lower revenue.

Indonesia recent market volatility has caused some issuers to cancel the bond issuance this year. Las week, Tower Bersama Infrastructure Tbk (TBIG:IJ) has decided to cancel the sale of IDR 3.2 trillion bond from its remaining continuous bond I program due to unfavorable market condition. The company actually has completed the book building period for IDR.

Maybank Indonesia 3Q20 Performance. Bank Maybank Indonesia Tbk (BNII) announced that the net profit after tax and non-controlling interests (PATAMI) remains the same. Namely Rp. 1.1 trillion as of September 30, 2020 compared to the same period last year. Disciplined cost management, coupled with solid growth in the Sharia.

Domestic Development Activities Decrease. Holding company of State Owned Enterprises (SOE), Semen Indonesia (Persero), Tbk (SMGR), in June only able to sell 1.58 million tonnes or grow thinner 0.58% YoY. This acquisition improved from the May record of 9.71%.