Pegadaian offer IDR1 trilion bond

PT Pegadaian, Indonesian pawnshop, offering IDR1 trilion bond with 1 year-7 year tenor after issuing IDR1 trilion bond last year. Pegadaian Director's of Finance Budiyanto said the bondissuances is parts its self registered bond series 1/2011 worth IDR2 trilion. PT Bahana Securities and PT Danareksa Sekuritas help Pegadaian as a underwriter. The self registered issuance is legal based on the capital market supervisory regulation No.IX.A.15, allwoing issuer to sell bond in several phases with once regulation for 2 years. Pegadaian also preparing for initial public offering after change the status from perusahaan umum (perum/general company) to perseroan terbatas (PT/limited company) based on goverment regulation on 13 December 2011. The company plans to sell the shares in the first half of 2012.