Eximbank and Sarana Multi Infrastruktur (SMI) have started the book building for the new bonds this week. SMI is offering Shelf Registration Bond I tranche of IDR5trn which split into 5 series of several tenors, they are; Series A (3 yr) guided at 7.25%-8.00%, Series B (5yr) at 7.50%-8.25%, Series C (10yr) at 8.15%-8.90% and Series D (5yr) at 8.40%-9.15%. The series D bond will be the first longest tenor bond issued this year. Meanwhile, Eximbank is offering IDR2.5trn of bonds which is the Shelf Registration Bond III trance III which divided into 4 series; Series A (370 days) guided at 6.50%-7.15%, Series B (3 year) at 7.25% – 8.0%, Series C (5 year) at 7.50% – 8.25%, and Series D (7year) at 8.00% – 8.50%. This bond issuance will be the fourth issuance this year whereby the company has released a total IDR 12.4trn worth of bonds this year, issued in February, June, and August 2016. In this week trading, Tiphone Mobile Indonesia (TELE:IJ) has listed its IDR700bn of bonds on 14 Oct 2016, bringing total YTD corporate bonds issuances to increase to IDR81,5trn.