Three Issuers Listed IDR4.15Trn Bonds; Waskita Prices 3y Bond at 9%-10%
Three bonds issuers had their bonds listed in the Indonesia Stock Exchange (IDX) this week they are; OCBC NISP (AAA/Stable), Bima Multifinance (BBB/Stable) issued 3 bonds series each and the regular issuer Astra Sedaya Finance (ASDF rated AAA/stable) released 2 new series. Total issuances size from those three companies reached IDR4.15trn and bringing YTD issuance size to a total of IDR22.8trn.
Primary Activity Boosted by Multifinance Bonds Offer
Primary Market Less Active During The Week
Indonesia Primary Market Getting Busier
Corporate Bonds Sales Shadowed by Rising Govvies Yield
Indonesia Government Sold IDR6.32Trn at Sukuk Auction
Meanwhile, multi-finance industry recorded IDR364.4trn worth of total receivables in 1Q16, down by 1.46% compared to the similar period last year. Consumer financing dominated 68.5% of total financing followed by 28.3% in financial leases receivables while the rest contributed by factoring and credit cards. The slowing receivables growth was due to continued pressure in financial leases which contracted by 9.71% in 1Q16.
