Bank Permata Managing Obstacles
Bank Permata Managing Obstacles. We have a marketweight view on Bank Permata’s credit profile, underpinned by its modest financial metrics, well-positioned to withstand economic headwinds, and perceived strong support from its major shareholders; Standard Chartered Bank (SCB) and Indonesia conglomerate Astra International (Astra). We opine that Bank Permata has robust capability to withstand the economic.
Read More...Logindo Plan Issue Bond worth USD40Mn
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.
Read More...Waskita Reduce Bond Issuance to IDR500Bn
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,.
Read More...Waskita Plan Issue Bond worth IDR1Trn
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.
Read More...Waskita Seek External Fund worth IDR3.8Trn
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.
Read More...Indosat Seeking Bank Loan
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.
Read More...TAXI Obtain Loan for Expansion
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.
Read More...Jasa Marga Issue Bond worth IDR1Trn
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.
Read More...Indosat Seeking External Fund This Year
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.
Read More...Verena Multi Finance Bond Issuance 2014
Verena Multi Finance Bond Issuance 2014. Verena Multi Finance, Tbk (previously Verena Oto Finance, Tbk) was established with the name of PT Maxima Perdana Finance on July 21, 1993. The Company obtained a license to operate as financing company from the Minister of Finance of Republic of Indonesia based on its Decision Letter No.994/KMK.017/1993 dated.
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