Search result for: "Bank Mandiri"

Indonesia banking sectors seek to broaden its long-term funding base through the issuance of debt securities those are believed to be cheaper than funding from customer deposits. Total fundraising from bonds market by banks sector year to date has reached IDR5.7trn. That number will increase as some listed banks will get the issuance out soon,.

Indonesia Bank Pembangunan Daerah Sulawesi Selatan and Barat’s (Bank Sulselbar) rating and its outstanding bond I/2011 were upgraded to ‘idA+’ from ‘idA’. The rating on bank’s sukuk mudharabah I/2011 was also upgraded to ‘idA+(sy)’ from ‘idA(sy)’ with a stable outlook. The rating upgrade due to its financial indicators are continuously improved including capitalization and asset.

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.

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.

On the rating front, Pemeringkat Efek Indonesia (Pefindo) has assigned BBB/Stable on PT Hanson International Tbk (MYRX:IJ) driven by elevated financial leverage level, weak cash flow protection and execution project and concentrated risk. However the company has sizeable and strategically located land bank area for future development which could generate decent profitability margin. Elsewhere, Fitch.

Pemeringkat Efek Indonesia (Pefindo) has affirmed PT Bank Pembangunan Daerah Jawa Barat & Banten Tbk or Bank BJB (BJBR:IJ) ratings at ‘idAA-‘ with its outlook was revised to stable from negative. The similar rating also affirmed for its outstanding bond VII/2011. The outlook upgrade is driven by the sustainable recovery in Bank BJB’s asset quality..

Bank Permata’s key strengths are its two main shareholders, Standard Chartered Bank (SCB) and Astra International, Tbk (ASII IJ). Both have a joint ownership of 89.12% in Bank Permata, Tbk (BNLI IJ). SCB is a British multinational bank operating in over 70 countries and has a credit rating of A+ by S&P. Whereas, Astra is.

Issuers engaged in the energy, infrastructure, and technology belonging to the Sinar Mas Group, PT Dian Swastatika Sentosa Tbk (DSSA), has signed a loan facility agreement from PT Bank Mandiri (Persero) Tbk (BMRI) worth US $ 50 million or equivalent to Rp 700 billion (assuming an exchange rate of US $ 1 = Rp. 14,000).

The shares of the issuer owned by entrepreneur TP Rachmat have caught the attention. Over the past week, Triputra Group’s share price in the plantation business has continued to.

Plantation issuer PT Cisadane Sawit Raya Tbk. (CSRA) decided not to distribute dividends for the 2020 financial year and changed the ranks of the company’s commissioners and directors. Director of Cisadane Sawit Raya Seman Sendjaja said, at the Annual General Meeting of Shareholders (AGM), the management decided not to distribute dividends for the 2020 financial.