PT Bumi Resources Tbk (BUMI, Rp540, Sell TP: IDR500) do not want to bother the steps of Moody's Investors Service who ha recently downgraded the senior secures bond possessed by BUMI couple time ago. BUMI denied Moody's assessment. To date, there are no changes in BUMI's financial statements for the last six months.
Previously, Moody's downgraded the bond rating BUMI's subsidiary businesses, Bumi Capital Pte Ltd and Bumi Investment Pte Ltd, valued at USD 150 million. Bonds that will due in August 2013 was derived from B2 to B3. (Kontan)
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PT Perkebunan Nusantara (PTPN) X set 8-9% interest for Rp 700 billion debt securities (bonds). The five-year tenure bonds with a fixed interest rate. Proceeds from the bond was originally used to increase sugar production.
The interest payable Period determined quarterly. These bonds has idA+ (Single A Plus) from the Rating Agency of Indonesia (Pefindo) with a stable outlook. (Detik Finance)
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PT Sri Rejeki Isman Tbk (SRIL, Rp245) is finalizing bank loans amounting to Rp 1 trillion. The loan is scheduled to meet the capital expenditure requirements for 2013-2014, which is valued at Rp 2,4 trillion. While some of the funds for capital expenditure is met from the IPO for Rp 1,344 trillion. (Bisnis)
for Indonesia Market Summaries 18 June 2013
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