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