PT Kresna Graha Sekurindo Tbk nearly failed to settle the obligation to pay PT Bank Danamon Indonesia Tbk. Fortunately, at the last second, Kresna Graha raise money to pay IDR200 billion to PT Bank Danamon Tbk.
Kresna Graha clients, Bank DBS cancel to absorb Danamon bonds. If Kresna failed to get the funding, it would disrupt the bonds settlement.
Bank Danamon was upsizes its bond issuance to Rp2.8 trillion from previous plan Rp2 trillion, with offering scheduled for December 1-3, 2010.
The bond consists of two series, series A bond worth Rp1.88 trillion with three years tenor and coupon of 8.75% and series B bond worth Rp921 billion with five years tenor and 9% coupon. The company was assigned PT Indo Premier Securities, Kresna Graha, and PT Danareksa Sekuritas as underwriters for the bond.
Kresna Graha clients, Bank DBS cancel to absorb Danamon bonds. If Kresna failed to get the funding, it would disrupt the bonds settlement.
Bank Danamon was upsizes its bond issuance to Rp2.8 trillion from previous plan Rp2 trillion, with offering scheduled for December 1-3, 2010.
The bond consists of two series, series A bond worth Rp1.88 trillion with three years tenor and coupon of 8.75% and series B bond worth Rp921 billion with five years tenor and 9% coupon. The company was assigned PT Indo Premier Securities, Kresna Graha, and PT Danareksa Sekuritas as underwriters for the bond.
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