PT Semen Gresik Tbk assigned Bank Mandiri and PT Mandiri Sekuritas to help seek IDR6 trillion for the company needs.
Managing Director of Mandiri Sekuritas Kartika Wirjoatmodjo said the company jointly with Bank Mandiri ready to help seek fund for Semen Gresik.
"The fund includes for the company expansion through plant construction in Pati and Sulawesi. It is huge fund worth above IDR5 trillion and it will promptly be signed," he said.
The company plans to continue expansion with new plant construction with 2.5 million tons per year capacity in Pati, Central Java and Pangkep , South Sulawesi, and the construction of two PLTU with total capacity of 70 MW.
Friday, April 24, 2009
Federal International issues IDR500 billion MTN
PT Federal International Finance (FIF) plans to issue medium term notes (MTN) with maximum value of IDR500 billion with 370 days tenure and 14 percent coupon.
PT Mandiri Manajemen Investasi claimed to be ready to absorb all the bonds which will use them all as the underlying assets for the issuance of Dana Mandiri Dana Protected Berkala Seri 7 mutual fund.
Managing Director of PT Mandiri Sekuritas Kartika Wirjoatmodjo said the bond here has wider market absorption potential with more mutual funds bought by the retail investors.
"The medium term notes issuance of FIR is in the pipeline. Mandiri Sekuritas will handle the bond issuance here," he said yesterday.
President Director of FIF Suhartono claimed for not having informed on the MTN issuance. "There is plan to issue MTN and Mandiri Sekuritas help assist the company to meet the regulation on bond issuance here."
PT Mandiri Manajemen Investasi claimed to be ready to absorb all the bonds which will use them all as the underlying assets for the issuance of Dana Mandiri Dana Protected Berkala Seri 7 mutual fund.
Managing Director of PT Mandiri Sekuritas Kartika Wirjoatmodjo said the bond here has wider market absorption potential with more mutual funds bought by the retail investors.
"The medium term notes issuance of FIR is in the pipeline. Mandiri Sekuritas will handle the bond issuance here," he said yesterday.
President Director of FIF Suhartono claimed for not having informed on the MTN issuance. "There is plan to issue MTN and Mandiri Sekuritas help assist the company to meet the regulation on bond issuance here."
Friday, April 17, 2009
Bank Indonesia halts operations of Bank IFI
Indonesia's central bank said today it had withdrawn the operating licence of small lender, Bank IFI, after it failed to increase its capital, but said it was an isolated case and the banking sector remained solid.
It was the second time Indonesian authorities have moved to liquidate a commercial bank since 2004, when some small banks were closed.
Unlisted Bank IFI had total assets of 442 billion rupiah ($41.30 million) as of March 31, the central bank's Makhijani said.
Bank IFI's capital adequacy ratio, a key measure of financial health, was below the minimum requirement of 8 percent, while gross non-performing loans stood at 24 percent as of March, against below 5 percent in most other banks, the official said.
Bank IFI is controlled by the Ramako Gerbang Mas Group, which is owned by businessman Bambang Rachmadi.
Late last year, the state deposit insurance agency rescued middle-sized lender Bank Century Tbk, the first bank rescue since the Asian financial crisis in 1997-1998.
It was the second time Indonesian authorities have moved to liquidate a commercial bank since 2004, when some small banks were closed.
Unlisted Bank IFI had total assets of 442 billion rupiah ($41.30 million) as of March 31, the central bank's Makhijani said.
Bank IFI's capital adequacy ratio, a key measure of financial health, was below the minimum requirement of 8 percent, while gross non-performing loans stood at 24 percent as of March, against below 5 percent in most other banks, the official said.
Bank IFI is controlled by the Ramako Gerbang Mas Group, which is owned by businessman Bambang Rachmadi.
Late last year, the state deposit insurance agency rescued middle-sized lender Bank Century Tbk, the first bank rescue since the Asian financial crisis in 1997-1998.
Serasi Autoraya to issue IDR500 billion bonds
PT Serasi Autoraya plans to issue bonds worth from IDR300-500 billion. My source said the company has appointed Bahana Securities and PT Standard Chartered Securities as the underwriter.
Serasi Auto 99.9995 percent shares are owned by PT Astra International Tbk and the rest by PT Arya Kharisma.
Serasi owns TRAC-Astra Rent A Car as the noted transportation service provider in Indoensia.
Initially with only five cars, now the company have thousands of cars to serve corporate and retail customers.
Serasi serves motor transportation reaching remote areas through TREMO-TRAC Motorental.
The company also offers service focusing on the operating lease for medium and large truck vehicles.
Serasi Auto 99.9995 percent shares are owned by PT Astra International Tbk and the rest by PT Arya Kharisma.
Serasi owns TRAC-Astra Rent A Car as the noted transportation service provider in Indoensia.
Initially with only five cars, now the company have thousands of cars to serve corporate and retail customers.
Serasi serves motor transportation reaching remote areas through TREMO-TRAC Motorental.
The company also offers service focusing on the operating lease for medium and large truck vehicles.
Thursday, April 16, 2009
4 underwriter handle Medco bond
PT Medco Energi Internasional Tbk has appointed four securities firms to underwrite their IDR1 trillion bond. The four companies are PT Bahana Securities, PT Danareksa Sekuritas, PT Kresna Graha Sekurindo, and PT Andalan Artha Advisindo.
The bond issue in the first semester of this year aims to raise funds to finance capital expenditure and refinance the company's matured liability.
My source confided Bahana and Danareksa would be likely to be appointed the lead underwriters.
The bond issue in the first semester of this year aims to raise funds to finance capital expenditure and refinance the company's matured liability.
My source confided Bahana and Danareksa would be likely to be appointed the lead underwriters.
Wednesday, April 15, 2009
Indofood bonds valued at IDR1.5 trillion
PT Indofood Sukses Makmur Tbk opens options by increasing the bond into IDR1.5 trillion upon considering a good demand.
Vice President Director of Indofood Fransiscus Welirang asserted the company will not push too hard to issue bonds if investor still demands for higher yields.
"We could seek US dollar loan when the investor still requests for higher yield. The management will not push too hard to enter the market. The bond issued by Indofood will stand from IDR1-1.5 trillion," he said last week.
Vice President Director of Indofood Fransiscus Welirang asserted the company will not push too hard to issue bonds if investor still demands for higher yields.
"We could seek US dollar loan when the investor still requests for higher yield. The management will not push too hard to enter the market. The bond issued by Indofood will stand from IDR1-1.5 trillion," he said last week.
Tuesday, April 14, 2009
Bank Jabar issues IDR2 trillion bonds
PT Bank Jabar Banten plans to issue IDR2 trillion bonds mid this year. Bisnis resource said the company has appointed three underwriters for bond issuance here, namely PT Mandiri Sekuritas, PT Danareksa Sekuritas, and PT Bahana Securities.
Bank Jabar Banten plans to issue the VI series bonds worth IDR2 trillion in semester I/2009 to prop up the funding structure.
Bond issuance is deemed the secured action to boost up the corporate working capital particularly dealing with the productive credit portion expansion up to few years to come.
Bank Jabar Banten plans to issue the VI series bonds worth IDR2 trillion in semester I/2009 to prop up the funding structure.
Bond issuance is deemed the secured action to boost up the corporate working capital particularly dealing with the productive credit portion expansion up to few years to come.
Monday, April 13, 2009
Bakrieland readies to divest 49% shares Bakrie Toll
PT Bakrieland Development Tbk prepares divestment option of 49 percent of PT Bakrie Toll Road shares to the strategic investors.
President Director of Bakrieland Hiramsyah Sambudhy Thaib said the divestment realization upon the operational Kanci-Pejagan toll roads.
Bakrieland will seek Middle Eastern, European, or Japanese investors for Bakrie Toll.
Bakrieland has 100 percent of Bakrie Toll Road shares and will maintain at least 51 percent shares possession.
Pejagan-Pemalang, Batang-Semarang, Ciawi-Sukabumi and Pasuruan-Probolinggo. Bakrie Toll should accomplish the total of 257 kilometers toll road. "We target the Kanci-Pejagan will be operational before Idul Fitri celebration so that it could tap more income to Bakrieland this year."
President Director of Bakrieland Hiramsyah Sambudhy Thaib said the divestment realization upon the operational Kanci-Pejagan toll roads.
Bakrieland will seek Middle Eastern, European, or Japanese investors for Bakrie Toll.
Bakrieland has 100 percent of Bakrie Toll Road shares and will maintain at least 51 percent shares possession.
Pejagan-Pemalang, Batang-Semarang, Ciawi-Sukabumi and Pasuruan-Probolinggo. Bakrie Toll should accomplish the total of 257 kilometers toll road. "We target the Kanci-Pejagan will be operational before Idul Fitri celebration so that it could tap more income to Bakrieland this year."
Bahana tackles IDR 1,5 Trilion Pawnshop bonds
The State owned Pawnshop appointed PT Bahana Securities to become leading underwriter for the IDR1.5 trillion bond issuances.
Pawnshop finance director Budiyanto said the member of underwriting syndication will be done separately.
Some 11 securities companies both the state owned ones including Bahana Securities, Danareksa Sekuritas, Mandiri Sekuritas and private companies took part in the Pawnshop bond issuance selection.
The pawnshop here requires a securities company having net working capital at least IDR35 billion which is eligible to the selection.
Pawnshop finance director Budiyanto said the member of underwriting syndication will be done separately.
Some 11 securities companies both the state owned ones including Bahana Securities, Danareksa Sekuritas, Mandiri Sekuritas and private companies took part in the Pawnshop bond issuance selection.
The pawnshop here requires a securities company having net working capital at least IDR35 billion which is eligible to the selection.
Sunday, April 12, 2009
SBY lead Indonesia ????
Indonesian President Susilo BambangYudhoyono's party almost tripled its vote tally from 2004 in elections, strengthening his grip on power. The Democrat Party took 20.4 percent of the vote, based on partial returns from about 2,000 polling stations compiled by the Indonesian Survey Institute. Final results will be released May 9.
The party, the fifth largest in parliament, won 7.4 percent of the vote five years ago.The Democrat gains will help Yudhoyono's own re-election bid in July. The 59-year-old president may also have better luck attracting coalition partners, enabling him to enact measures to
revive economic growth that is forecast to expand at the slowest pace in eight years.
Golkar, the party of the Suharto, is set tolose its dominant position in parliament. It received 14 percent of votes, according to data from the institute broadcast on Metro TV, down from 21.6 percent in 2004. The opposition Indonesian Democratic Party for Struggle, or PDI-P, obtained
14.4 percent.
According to Indonesia's election rules, parties that dont win at least 2.5 percent of the national vote won't be eligible for parliament. The votes for such parties will be deemed invalid and hence may boost the percentages of the larger parties.
This is the third election since the fall of Suharto, who was forced from office in 1998 after ruling for three decades. Winning more than 20 percent of the 560 seats in the lower
house of parliament, or 25 percent of the national vote, would enable the Democrat Party to nominate Yudhoyono as its presidential candidate without seeking outside support.
The party, the fifth largest in parliament, won 7.4 percent of the vote five years ago.The Democrat gains will help Yudhoyono's own re-election bid in July. The 59-year-old president may also have better luck attracting coalition partners, enabling him to enact measures to
revive economic growth that is forecast to expand at the slowest pace in eight years.
Golkar, the party of the Suharto, is set tolose its dominant position in parliament. It received 14 percent of votes, according to data from the institute broadcast on Metro TV, down from 21.6 percent in 2004. The opposition Indonesian Democratic Party for Struggle, or PDI-P, obtained
14.4 percent.
According to Indonesia's election rules, parties that dont win at least 2.5 percent of the national vote won't be eligible for parliament. The votes for such parties will be deemed invalid and hence may boost the percentages of the larger parties.
This is the third election since the fall of Suharto, who was forced from office in 1998 after ruling for three decades. Winning more than 20 percent of the 560 seats in the lower
house of parliament, or 25 percent of the national vote, would enable the Democrat Party to nominate Yudhoyono as its presidential candidate without seeking outside support.
Wednesday, April 8, 2009
Gottfried cancel to Danamon
Former CIMB Niaga Director, Gottfried Tampubolon cancel the plan move to PT Bank Danamon Indonesia Tbk.
Gotfried was Treasury & Financial Director of Bank CIMB Niaga since 1 November 2008 but at January he resign from the position. Previously he was Director of Bank Lippo. From 2000 to 2005 he worked in Citibank NA, Jakarta as Country Treasurer and Money Market Head from 1997 to 2000. Holding Master Degree in Economics from University of Indonesia.
Gotfried was Treasury & Financial Director of Bank CIMB Niaga since 1 November 2008 but at January he resign from the position. Previously he was Director of Bank Lippo. From 2000 to 2005 he worked in Citibank NA, Jakarta as Country Treasurer and Money Market Head from 1997 to 2000. Holding Master Degree in Economics from University of Indonesia.
Indonesia to Sell 2 Trillion Rupiah of Bonds
Goverment of Indonesia plans to sell 2 trillionrupiah ($176 million) of bonds, bills on April 14. The government will sell bills maturing 2010 and bonds due in 2016 and 2024.
Tuesday, April 7, 2009
Bank Ekspor prop up bonds into IDR3 trillion
PT Bank Ekspor Indonesia plans to add bond issuance as from the IDR2 trillion plan into IDR3 trillion. Currently Bank Ekspor bond issuance scheme has been approved by the government as the shareholder.
The bond issuance plan goes along with the fixed plan of Bank Eksport to get subordination loan worth US$500 million from Japan.
Bond issuance deals with the function performed by the company as the Indonesian Export Financing Institution (LPEI) entitling the Indonesia Eximbank.
The bond issuance plan goes along with the fixed plan of Bank Eksport to get subordination loan worth US$500 million from Japan.
Bond issuance deals with the function performed by the company as the Indonesian Export Financing Institution (LPEI) entitling the Indonesia Eximbank.
Friday, April 3, 2009
BNBR Posts Annual Loss After Asset Sales
PT Bakrie & Brothers, controlled bythe family of Indonesia's welfare minister, posted a record annual loss for a local public company, missing analyst estimates, after being forced to sell assets to pay off debt.
The investment company posted a net loss of 16.6 trillion rupiah ($1.4 billion) in 2008, almost twice the 8.4 trillion rupiah of sales it booked, Bakrie said in an e-mailed statement today.
The mean estimate in a Bloomberg survey of four analysts was for a profit of 2.3 trillion rupiah. Bakrie posted a 223.4 billion-rupiah profit in 2007 on 5.3 trillion rupiah of sales.
The Jakarta-based company, controlled by the family of Aburizal Bakrie, sold assets last year to help pay about $1.2 billion of debt raised by pledging the shares of PT Bumi Resources, Indonesia's biggest coal miner, and other units. The asset sales led to 17.1 trillion rupiah in losses, according to the Bakrie & Brothers statement.
The global economic meltdown and drop in stock prices in the second half of last year compelled the management to take proactive strategic step to sell its assets and resolve all its debt, Bakrie & Brothers said. This challenging process, under extremely difficult conditions, resulted in unavoidable loss on forced sale of some investments.
Bakrie & Brothers raised 51.3 trillion rupiah from selling shares and borrowing in the first half of 2008 to fund asset purchases. The company spent 48.4 trillion rupiah to buy 35 percent of Bumi and 40 percent each of oil company PT Energi Mega Persada and property Developer PT Bakrieland Development.
The investment company posted a net loss of 16.6 trillion rupiah ($1.4 billion) in 2008, almost twice the 8.4 trillion rupiah of sales it booked, Bakrie said in an e-mailed statement today.
The mean estimate in a Bloomberg survey of four analysts was for a profit of 2.3 trillion rupiah. Bakrie posted a 223.4 billion-rupiah profit in 2007 on 5.3 trillion rupiah of sales.
The Jakarta-based company, controlled by the family of Aburizal Bakrie, sold assets last year to help pay about $1.2 billion of debt raised by pledging the shares of PT Bumi Resources, Indonesia's biggest coal miner, and other units. The asset sales led to 17.1 trillion rupiah in losses, according to the Bakrie & Brothers statement.
The global economic meltdown and drop in stock prices in the second half of last year compelled the management to take proactive strategic step to sell its assets and resolve all its debt, Bakrie & Brothers said. This challenging process, under extremely difficult conditions, resulted in unavoidable loss on forced sale of some investments.
Bakrie & Brothers raised 51.3 trillion rupiah from selling shares and borrowing in the first half of 2008 to fund asset purchases. The company spent 48.4 trillion rupiah to buy 35 percent of Bumi and 40 percent each of oil company PT Energi Mega Persada and property Developer PT Bakrieland Development.
Thursday, April 2, 2009
KPPU vs Carrefour
Indonesia's competition regulatorhas launched a probe into a unit of Carrefour S.A., Europe's
biggest retailer, on suspicion it broke anti-monopoly laws.
Investigators will look into alleged monopolistic and unhealthy business practices related to the acquisition of supermarket operator PT Alfa Retailindo last year, the Business Competition Supervisory Commission, known as KPPU, said in a statement on its Web site today.
Carrefour Indonesia runs 45 hypermarkets and 30 supermarkets, and has a 7 percent share of the market.Hypermarkets sell items usually found in department stores and big discounters as well as supermarkets.
Investigators have until May 12 to conclude a preliminary inquiry and will then decide how to proceed, according to the statement.
biggest retailer, on suspicion it broke anti-monopoly laws.
Investigators will look into alleged monopolistic and unhealthy business practices related to the acquisition of supermarket operator PT Alfa Retailindo last year, the Business Competition Supervisory Commission, known as KPPU, said in a statement on its Web site today.
Carrefour Indonesia runs 45 hypermarkets and 30 supermarkets, and has a 7 percent share of the market.Hypermarkets sell items usually found in department stores and big discounters as well as supermarkets.
Investigators have until May 12 to conclude a preliminary inquiry and will then decide how to proceed, according to the statement.
Wednesday, April 1, 2009
Newmont Must Sell 17% Stake in Mine to Indonesia
Newmont Mining Corp., the largest U.S. gold producer, must sell a 17 percent stake in its Indonesian copper mine within six months to the government, an international arbitration panel ruled.
The Denver-based company said today in a statement it will outline a path forward to sell the holding in PT Newmont Nusa Tenggara to the Indonesian government.
The ruling by the Geneva-based court also said Indonesia can't terminate its mining contract with Newmont. No price or timing was given in the statement. The decision stems from a 2008 dispute between Newmont and Indonesia about cutting foreign shareholdings in the nation's mines.
The two parties signed a mining contract in 1986 that requires Newmont and other overseas investors to cut their combined stake in Newmont Nusa Tenggara to 49 percent by 2010.
Newmont now owns 45 percent of the unit, which operates Batu Hijau, Indonesia's second-largest copper mine.
Japanese investors including Sumitomo Corp. control 35 percent of Newmont Nusa Tenggara, and Indonesian businesses hold the remainder.
Newmont and the Indonesian government asked for arbitration last year after the U.S. company didn't meet divestiture requirements for the mine and was facing risk of losing its operating contract.
Under the 1986 contract, 3 percent of Newmont Nusa Tenggara was to be offered to the Indonesian government or its agencies in 2006, and 7 percent each year in 2007 through 2010. The ruling covers the stake offers from 2006 to 2008. Newmont yesterday offered a 7 percent stake in the Batu Hijau operation to Indonesia for $348 million.
Newmont said in February last year all shares in Newmont Nusa Tenggara had been pledged as collateral against $1 billion in loans to develop the Batu Hijau mine.
The Denver-based company said today in a statement it will outline a path forward to sell the holding in PT Newmont Nusa Tenggara to the Indonesian government.
The ruling by the Geneva-based court also said Indonesia can't terminate its mining contract with Newmont. No price or timing was given in the statement. The decision stems from a 2008 dispute between Newmont and Indonesia about cutting foreign shareholdings in the nation's mines.
The two parties signed a mining contract in 1986 that requires Newmont and other overseas investors to cut their combined stake in Newmont Nusa Tenggara to 49 percent by 2010.
Newmont now owns 45 percent of the unit, which operates Batu Hijau, Indonesia's second-largest copper mine.
Japanese investors including Sumitomo Corp. control 35 percent of Newmont Nusa Tenggara, and Indonesian businesses hold the remainder.
Newmont and the Indonesian government asked for arbitration last year after the U.S. company didn't meet divestiture requirements for the mine and was facing risk of losing its operating contract.
Under the 1986 contract, 3 percent of Newmont Nusa Tenggara was to be offered to the Indonesian government or its agencies in 2006, and 7 percent each year in 2007 through 2010. The ruling covers the stake offers from 2006 to 2008. Newmont yesterday offered a 7 percent stake in the Batu Hijau operation to Indonesia for $348 million.
Newmont said in February last year all shares in Newmont Nusa Tenggara had been pledged as collateral against $1 billion in loans to develop the Batu Hijau mine.
Subscribe to:
Posts (Atom)
