Indonesia Market Summaries 1 July 2014

PT Pakuwon Jati Tbk (PWON, Rp 346, BUY, TP Rp 430) issued global bonds of $ 168 million. The number was lower than the company's previous targets of USD 175 million. Five-year bond was set 7.125% coupon. Value of the bond issuance is the maximum amount that can be issued by PWON today.


PWON itself now has a long-term bank debt amounted to IDR 1.28 trillion. PWON's total liabilities reached IDR 5.1 trillion and the equity Rp 4.5 trillion. Debt rtio to PWON' equity determined not be more than 50%. (Kontan)


PT Summarecon Agung Tbk (SMRA, Rp 1.115, BUY, TP Rp 1.550) build Summarecon Digital Center (SDC) as the first IT and the gadget center in Gading Serpong with an investment of IDR 200 billion. SDC is a commercial center that provides information technology needs such as computers, gadgets and other mobile technologies.
SDC Serpong has a wise area of ​​32395.21 square meters, consists of three floors and a basement. In addition, there are 101 stores and 240 counters that provide a variety of hardware and software. (Bisnis Indonesia)


for Indonesia Market Summaries 1 July 2014