Indonesia Market Summaries 27 August 2014

The dispute between the PT Newmont Nusa Tenggara with the Indonesian government in the International Arbitration Court officially ended. Newmont through its parent company - Newmont Mining Corporation - has revoked the lawsuit. This revocation was announced through the official website of Newmont Mining Corporation on Wednesday, August 27th 2014 (Kontan)

PT Bakrieland Development Tbk (ELTY, USD 50) claimed to have received interest on convertible bonds issued by PT Madison Global. The interest should be paid on August 7, 2014, PT Madison Global as an affiliated parties has not received payment to date. (Kontan)

The potential rise in interest rates of Federal Reserve (The Fed) in coming year believed would trigger an increase in the BI Rate by 50 bps to a level of 8%. However, a number of the optimistic performance of national banks in 2015 will be better than this year. (Bisnis Indonesia)

Once exposed to the suspension over a significant increase, the authority Indonesia Stock Exchange (IDX) opened padlock stock trading PT ICTSI Jasa Prima Tbk (KARW, Rp 215) Wednesday, 27 August 2014. According to official information from IDX, transactions for KARW stock re-opened as of the first trading session today. Shares of the company closed down -9.66% today. (Kontan)

PT Smartfren Telecom Tbk (FREN, RP70) prepared to pay interest on bonds worth IDR 12.06 billion. The bonds worth IDR 675 billion. FREN provide 12.375% fixed interest per year. The bond matures on March 15, 2012. (Kontan)


for Indonesia Market Summaries 27 August 2014

Indonesia Market Summaries 27 June 2013

• PT Elang Mahkota Teknologi Tbk (EMTK, Rp6.600) opened two corporate acquisition opportunities in the field of IT and media with a total valuation of more than Rp1 trillion. This two company engaged in the business of media content and media portals.
  
  The acquisition of this two companies expected could be completed this year, preceded by transaction of media content company acquisition whose transaction value is smaller. Acquisition funds will come from internal cash. Based on the financial statements, internal cash EMTK have reached Rp3, 7 trillion. (Bisnis Indonesia)

• Otoritas Jasa Keuangan (OJK / Financial Services Authority) is currently reviewing the use of bond index as a parameter to the development of trade bonds and sukuk.
  
  The plan, bond index will be issued by the Indonesia Bond Pricing Agency (IBPA), although the OJK to consider if there are other parties than the IBPA can provide bond index.

• PT Bakrieland Development Tbk (ELTY, Rp50) sell two assets in Bali and Bukit Jonggol. The total transaction reaches Rp2, 9 trillion. ELTY assets that are sold in Bali is Bali Nirwana Resort and the transaction reportedly has entered the final stage.
  
  In fact, the asset of Nirwana Bali area of ​​103 hectares (ha) in Tanah Lot, Bali, has also been sold entirely to the MNC Group. The sale of assets was done in two phases, the first phase of 49% in May 2013 and the remaining 51% in June. (Kontan)
• PT Nusa Raya Cipta Tbk (NRCA, Rp1.000) up 17.64% to Rp 1,000 per share from the set price Rp 850 per share, on its trading debut June 27, 2013.
  
  The Company offers a stock as much as 306,1 million shares with a nominal value of Rp100. Initial implementation of the company's stock price set Rp850 per share. The funds will be gained from the stock offering around Rp 260,17 billion. The funding will be used by the company, for a variety expansion this year. (Inilah.com)

for Indonesia Market Summaries 27 June 2013

Indonesia Market summaries 17 June 2013

PT Berau Coal Energy Tbk (BRAU, Rp186) plans to refinance bonds that financed by its subsidiary. This plan is one of the general meeting of shareholders (EGM) Agenda of the company that will be held on June 29.

BRAU financial statements show that the company's debt securities was issued by Berau Capital Resources Pte Ltd for U.S. $ 450 million with 12.5% ​​interest per year due 2015. BRAU also publishes its own senior debt securities, worth U.S. $ 500 million with 7.25% interest due 2017. (BRAU Disclosure)

●

Property company of Bakrie Group, PT Bakrieland Development Tbk (ELTY, Rp50) sells its land assets to PT Sinar Mas Teladan, a subsidiary of PT Bumi Serpong Damai Tbk. The sale of 2.4 hectares of land area was made by PT Superwish Perkasa, an ELTY subsidiary for Rp 747,63 billion. ELTY was reported loss in 2012 amounting to Rp 1,1 billion. (Bisnis Indonesia)

●

Lippo Group will publish real estate investment fund products (DIRE / real estate investment trusts / REITs) again. Derivative products valued at USD 638 million will be listed on the Singapore Exchange through Union Enterprise Ltd.

Two previous Riady family REITs products such as health and mall properties, ie FIRST REITs and Lippo Malls Indonesia Retail Trust (LMIRT). (Kontan)

●

PT Sri Rejeki Isman Tbk (SRIL, Rp255) Shares up on its first day on the stock exchange. Once registered and rise up to 6.23% from Rp240 listing price, the stock traded Rp626,6 billion in market at the issue price (Rp240) and boost the value of the transaction.

●

PT Intiland Development Tbk (DILD, Rp550) will offer bonds I/2013. The bond valued (Rated A) at Rp500 billion will be a 3-year and 5-year tenure. (Investor Daily)

●

PT Bank Mayapada International Tbk (MAYA, Rp1.150) immediately offered subordinated bonds III/2013. Bonds worth Rp700 billion was rated BBB+ and 7-year tenure. (Bisnis Indonesia)

for Indonesia Market summaries 17 June 2013