Kategori: Infrastructure Transportation

WIKA Issue MTN worth IDR200Bn. Wijaya Karya (WIKA IJ, Neutral, TP: IDR2,930) has issue IDR200bn medium term note (MTN II) wtih 9.8% interest and 3-years tenor. Furthermore, the company also issued IDR600bn of MTN I with similar tenor & interest in November 2014. These funds will be use to finance expansion plans and capex. In.

Logindo Plan Issue Bond worth USD40Mn. Logindo Samudramakmur (LEAD IJ, BUY, TP: IDR6,300) is planning to issue USD30-40m bond in order to finance vessel purchases. However, management has not finalized the bond issuance and the company is still waiting on the outcome of the tender. JSMR and WIKA wait for Rating on Komodo Bonds Sarana.

Waskita Reduce Bond Issuance to IDR500Bn. Waskita Karya (WSKT IJ) is reducing their bond issuance from IDR1Trn to IDR500Bn that is schedule on November 2014. The fund will be used for working capital and several toll road development such as: Pejagan Pemalang toll road, Medan Tebing Tinggi toll road, and Depok Antasari toll road. Meanwhile,.

Waskita Plan Issue Bond worth IDR1Trn. As well as, Waskita Karya, Tbk (WSKT IJ) is planning to issue IDR1Trn of Phase I Continuous Bond in October 2014. Furthermore, the underwriters for the corporate actions are Mandiri Sekuritas, Danareksa Sekuritas, and Bahana Securities. In fact, the fund will be used to finance toll road projects such.

Waskita Seek External Fund worth IDR3.8Trn. Waskita Karya, Tbk (WSKT IJ) is currently seeking a total of IDR3.8Trn of external funding. The company is in the process to finalize IDR1.8Trn of bank loan with 3-years tenor. While WSKT will issue IDR2Trn of Continuous Bond Issuance where IDR1trn of Phase I will be issue in 3Q14.

Indosat seeking bank loan. As well as, Indosat (ISAT IJ, Neutral, TP: IDR4,300) is seeking bank loans of USD500Mn to refinance loans that will mature in 2014 and 2015. Furthermore, according to management statement, ISAT has USD21.14Mn of loan maturing in 3Q14 and USD13.46Mn of loan maturing in 4Q14. The company also plans to issue.

TAXI Obtain Loan for Expansion. As well as, Express Transindo (TAXI IJ, BUY, TP: IDR1,800) has obtain IDR100bn of credit facility with 5-years tenor to support the company’s expansion plan. Furthermore, for the next two years TAXI allocates IDR1.5trn of capital expenditure (capex). Moreover, IDR700bn will be use for 2,000 additional armadas and 7 new.

Jasa Marga Issue Bond worth IDR1Trn. Jasa Marga (JSMR IJ) will issue IDR1trn of bonds that is scheduled on September 2014. 70% of the fund will be used for bond refinancing that will mature in 2 October 2014. While the rest of the fund will be allocated for expansion purposes. PBS014 Weighted Average Yield Reached.

Indosat seeking external fund this year. Furthermore, Indosat (ISAT IJ, Neutral, TP: IDR4,300) is seeking external fund of IDR9-10trn. Moreover, the fund will be use to refinance USD650mn of obligation in 2015. As well as, Indosat is allocating IDR8-9trn from internal cash and external fund for FY14F capex. In fact, the company will focus on modernizing.