Below is a list with tagged columns and company profiles.

Today's Headlines Bonds

  • Bond Market of Indonesia: Investors Hunt for Sukuk Again

    The Finance Ministry of Indonesia collected IDR 5.17 trillion (approx. USD $359 million) worth of Islamic bonds (in Indonesian: Surat Berharga Syariah Negara, or SBSN) through an auction on Tuesday (07/08), well above the indicative target of IDR 4 trillion (approx. USD $278 million). Islamic bonds are also known as Sukuk.

    Read more ›

  • Sarana Multi Infrastruktur First Indonesian Company to Sell Green Bonds

    Sarana Multi Infrastruktur (SMI), a fully state-owned infrastructure financing company that plays an active role in facilitating infrastructure development across Indonesia, became the first corporate entity to issue green bonds in Indonesia. The green bonds were listed on the Indonesia Stock Exchange on Tuesday morning (10/07).

    Read more ›

  • Rupiah & Bonds Under Pressure Ahead of Bank Indonesia Meeting

    Indonesian assets remain under pressure as the US 10-year treasury yield rose to 3.095 percent, touching a near seven-year peak. As a result the US dollar is at a five-month high. While the US dollar rally stalled last week after the release of weaker-than-expected US inflation (April data), the greenback's performance was lifted this week on the back of strong US consumer spending figures. It is having a big impact in Asia.

    Read more ›

  • Despite Weak Sentiments Indonesia to Go-Ahead with Samurai Bonds Issuance

    On Friday (27/04) Indonesian stocks and the rupiah were stable, a performance that is in stark contrast to that of the past week. Capital outflows, the direct consequence of US treasury yields climbing beyond 3 percent, are also negative for Indonesian bond yields. Indonesia's 10-year state bond yield (FR0064) rose to 7.130 percent on Thursday (26/04), its highest position since July 2017 and jumping from 6.995 percent on the preceding day.

    Read more ›

  • Several Indonesian Big Caps Feel Impact of Moody's Ratings Upgrade

    The recent decision of Moody's Investors Service to upgrade Indonesia's sovereign credit rating to Baa2 (stable outlook) brought a wave of fresh air to Indonesia's capital markets at a time when concerns over a global trade war rattled global markets. Moody's cited credible and effective fiscal and monetary policies as key reasons for the rating upgrade.

    Read more ›

  • First in Asia; Indonesia Sells $1.25 Billion of Global Green Bonds

    The government of Indonesia raised USD $1.25 billion through the issuance of global "green" bonds, hence becoming the first Asian country to issue this type of bond. With the proceeds from the green bond the Indonesian government will fund projects that have positive environmental and/or climate benefits.

    Read more ›

  • After Jasa Marga's Success, PLN Plans to Issue Global Rupiah Bonds

    Indonesia's state-owned utility company Perusahaan Listrik Negara (PLN) plans to issue rupiah-denominated global bonds (known as 'komodo bonds', 'nasi goreng' bonds or 'rendang' bonds) in the second quarter of 2018. PLN targets to raise up to USD $2 billion through the bond issuance. Proceeds will be used for financing its part in Indonesia's 35,000 MW power development program as well as for debt payments.

    Read more ›

Latest Columns Bonds

  • Indonesian Bonds Added to Bloomberg Barclay's Global Aggregate Index

    Indonesia's global rupiah-denominated government bonds will enter the Bloomberg Barclay's Global Aggregate Index per May 2018. On Wednesday (21/02) Bloomberg announced that Indonesia's global rupiah bonds meet all criteria to become a member of the Global Aggregate Index. This decision shows the degree of rising foreign confidence in Indonesian bonds, hence in the Indonesian rupiah and the Indonesian economy as a whole.

    Read more ›

  • Bond Market Indonesia: Foreign Investors Ditched SBN in February

    In the first two weeks of February 2018 foreign investors aggressively sold rupiah-denominated government bonds (in Indonesian: Surat Berharga Negara, or SBN) in the secondary market. Up to 14 February 2018, foreign investors sold IDR 18.69 trillion (approx. USD $1.4 billion) worth of government bonds in February.

    Read more ›

  • International Bond Market: What Are Indonesia's Komodo Bonds?

    Earlier this week Indonesian state-controlled construction company Wijaya Karya listed its 'komodo bonds' on the London Stock Exchange in the United Kingdom, an event that was witnessed by Indonesian Finance Minister Sri Mulyani Indrawati. But Wijaya Karya was not the first company to issue komodo bonds. On 13 December 2017 toll road company Jasa Marga sold IDR 4 trillion (approx. USD $298 million) in three-year bonds (priced at 7.5 percent).

    Read more ›

  • Soechi Lines Plans to Acquire Tanker & Issue Global Bonds

    Indonesia-based shipping company Soechi Lines set aside between USD $30 million and USD $50 million to acquire a tanker in 2018. Paula Marlina, Corporate Secretary at Soechi Lines, said the exact type of tanker depends on incoming customer orders. Traditionally, the shipping company acquires a certain type of tanker when it receives plenty of demand for certain tanker services.

    Read more ›

  • Rupiah-Denominated Global Bonds: Wijaya Karya Prepares Komodo Bonds

    Construction company Wijaya Karya (Wika) is conducting a roadshow for its rupiah-denominated global bonds (to be listed on the London Stock Exchange). Wika is following the example of state-controlled toll road operator Jasa Marga that listed its rupiah-denominated global bonds (also known as "komodo bonds") in London on 13 December 2017.

    Read more ›

  • 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.

    Read more ›

  • 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.

    Read more ›

  • Bonds Indonesia: Wijaya Karya & Jasa Marga Eye Nasi Goreng Bonds

    Two state-controlled companies are planning to issue global rupiah-denominated bonds (often called nasi goreng bonds). Construction company Wijaya Karya, which is listed on the Indonesia Stock Exchange, plans to issue up to USD $500 million of nasi goreng bonds in the second half of 2017. Besides the nasi goreng bonds, the company also plans to sell up to IDR 5 trillion of rupiah-denominated bonds on the domestic market.

    Read more ›

  • Jasa Marga Posts Good Earnings, Plans Global Rupiah Bonds

    Indonesian state-controlled toll road operator - yet listed on the Indonesia Stock Exchange - Jasa Marga considers to issue rupiah-denominated global bonds as an alternative source to seek funds for investment in toll road infrastructure development. Donny Arsal, Finance Director of Jasa Marga, said the company needs IDR 7 trillion (approx. USD $526 million) for investment in 2017. These funds should be collected through bonds, asset securitization, and bank loans.

    Read more ›

No business profiles with this tag