Wednesday, October 28, 2009

Yield bonds Salim Ivomas between 9.345%-11%

PT Salim Ivomas Pratama offer range yield of the 1.25 trillion of five-year bonds between 9.345 percent and 11 percent.
The planned debt, which includes bonds that follow Islamic principles, will give investors a yield of 1.75 percent to 2.25 percent over the Indonesian government' s fixed rate FR0026 bonds.
The 11-percent FR0026 bond due in October 2014 was traded to yield at 9.345 percent on Oct. 27. That would mean Salim Ivomas bonds may be priced to yield between 11.095 percent and 11.595 percent.
Salim Ivomas plans to bolster its bond issuance value to IDR1.5 trillion from IDR1 trillion to refinance Indofood Agri Resources Ltd's (IndoAgri) shoter-term debt.
Salim Ivomas, which last year took control of sugar canegrower PT Lajuperdana Indah, expects Laju perdana's mill to start production in the second quarter with a processing capacity of
8,000 tons of cane a day.

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