Search result for: "idAA-"

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.

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.

There are two new bonds offering this week they are; i) Medco Energi Internasional, Tbk (MEDC:IJ, idA+/Neg) and Bank Syariah Mandiri (BSM, idAA-(sy)/Stable). Medco sets to issue IDR1trn of Shelf Registration Bond II tranche III in which the public offer sets to be held next week on 15-16 Dec.This is the third bond issuance this.

Pemeringkat Efek Indonesia (Pefindo) has downgraded rating on rating Sinar Mas Agro Resources and Technology Tbk (SMAR IJ) to idA+/Sta from idAA-/Neg, driven by its high leverage which likely to sustain on short to medium term, weak cash flow, and lower production volume which will translate into higher debt to finance its working capital. The.

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.

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..

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.

EXCL Poised Excel Further. XL Axiata, Tbk (EXCL IJ) remains our top pick for exposure to Indonesian telecoms given.  First, its strong management/operational execution. Second, the still-robust prospects within the telecoms sector on a proliferation of cheap and attractive low-priced handsets amid rising take-up of small screen access. Link Net Simply the best Shelf Registration.

Adaro Leader The Pack. Buy initiation; target price Rp2,900. Our Buy recommendation hinges upon ADRO’s, First, strong exposure to the domestic coal market, Second, proven record for production growth, Third, sizeable coal reserves, and Fourth, financing capability for expansion. As well as, our end-2011 DCF target price is Rp2,900, which implies 16.3x 2012F earnings. Furthermore,.