Monday, April 19, 2010

Bahana underwrites PTPN VII bonds

PT Perkebunan Nusantara (PTPN) VII appointed PT Bahana Securities as the underwriter of medium term notes (MTN) issuance worth IDR400-500 billion.
The MTN will likely be divided into three tranches of which has the tenure of two, three, and four years respectively.
PTPN VII still has the floating I/2004 of B series bonds worth IDR10 billion. The bond here had idAA- rating given by PT Pemeringkat Efek Indonesia (Pefindo).
MTN issuance has been mushrooming since last year. This year some emitters issuing MTN include PT Federal International Finance, PT Medco Energi In-ternasional, PT Perumnas, PT Se-rasi Autoraya, and PT Mandiri Tunas Finance.
PT Kustodian Sentral Efek Indonesia (KSEI) records there are 43 tranches of MTN listed last year. The number here doubled from 26 tranches in previous year MTN listing or 65.38 percent rise.

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