• Low Coupon Rate Makes Indonesia's Latest ORI Bonds Unappealing

    Low Coupon Rate Makes Indonesia's Latest ORI Bonds Unappealing

    The offering period of the Indonesian central government's latest series of (conventional) Indonesian Retail Bonds (in Indonesian: Obligasi Ritel Indonesia, or ORI) is almost over (it closes on Thursday, 19 October 2017). Contrary to our earlier report, demand for the ORI014 series seems not as strong as initially expected.

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  • IPOs on Indonesia Stock Exchange: Malacca Trust Wuwungan lnsurance

    IPOs on Indonesia Stock Exchange: Malacca Trust Wuwungan lnsurance

    On Wednesday (11/10) Malacca Trust Wuwungan lnsurance became the 26th company that listed on the Indonesia Stock Exchange in 2017. The company, subsidiary of Singapore-based Malacca Trust Limited and linked to the family of former president Bacharuddin Jusuf Habibie, is one of the oldest insurance companies in Indonesia (established in 1952).

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  • New Indonesian Retail Bonds (ORI014) on Sale in Indonesia

    New Indonesian Retail Bonds (ORI014) on Sale in Indonesia

    Between 29 September and 19 October 2017, the Indonesian government offers its new series of (conventional) Indonesian Retail Bonds (in Indonesian: Obligasi Ritel Indonesia, or ORI) to Indonesian retail investors. Since 2006 the Indonesian government has been issuing ORI bonds, at least once per year, to finance the government's state budget.

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  • First Startup Goes Public in Indonesia: Kioson Komersial Indonesia

    First Startup Goes Public in Indonesia: Kioson Komersial Indonesia

    E-commerce company Kioson Komersial Indonesia became the nation's first e-commerce startup to go public on the Indonesia Stock Exchange on Thursday (05/10). There was plenty of interest for the company during its trading debut as its shares rose 50 percent to IDR 450 a piece. The offering was more than 10 times oversubscribed. Local brokerage Sinarmas Sekuritas was the sole underwriter for the IPO.

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