INDONESIA - CAPITAL MARKETS - Indosat raises bonds and sukuk issuance to Rp 3 trillion

2012 June Indosat

INDONESIA - CAPITAL MARKETS - Indosat raises value bonds to Rp 3 trillion

www.ibpa.co.id - JAKARTA (IFT) - PT Indosat Tbk (ISAT), the issuer's telecommunications, decided to increase the nominal value of bonds and sukuk ijara of Rp 2.5 trillion to Rp 3 trillion. The addition was made, after the book building process of his year, the company accepts reservations up to Rp 3.7 trillion.Indosat in the site on Wednesday, ordering Rp 3.7 trillion mentioned this is the greatest book in the history penerbitanan Indosat bonds. The high interest in this book show strong evidence of confidence in the investment community to the power management company Indosat and financial stability in the long run.  (source)

INDONESIA - CAPITAL MARKETS - Indosat issues Rp 3 trillion bonds and Rp 300 billion Sukuk Ijara

www.bisnis.com - JAKARTA - PT Indosat Tbk, the issuer of telecommunications service providers, increase the value of total debt from Rp2, 5 trillion to Rp3 trillion, following a number of bond orders in the process of book building some time ago.
As announced on its website, ordering bonds surpassed Rp3, 7 trillion. This amount is claimed to be the biggest book publishing is done by Indosat.
That way, VIII Indosat Bonds initially rose only Rp2 trillion to Rp2, 7 trillion. These bonds consist of Series A Bonds Indosat VII with a value of Rp1, 2 trillion, with a tenor of 7 years and the interest rate 8.635% per annum and the Series B Bonds VIII Indosat with a value of Rp1, 5 trillion 10-year relationship with the tenor of 8.875% per year.
Indosat Sukuk Ijarah Addapun V, down from the previous offer Rp500 billion, Rp300 billion with a tenor of 7 years with a down payment in return ijarah Rp6, paid 46 billion per quarter.  (source)

INDONESIA - CAPITAL MARKETS - Indosat lowers expectations Sukuk Ijara down from Rp 500 billion to Rp 300 billion

www.bisnis.com - JAKARTA: PT Indosat Tbk, the issuer of telecommunications service providers, lowering the value of Sukuk Ijarah Indosat V from Rp500 billion to Rp300 billion. Instead, the plan offers Bonds VIII rationed only Rp2 trillion up to Rp2, 7 trillion, because the number of subscribers in the process of book building.
According to the Public Relations Division Head, Adrian Prasanto, it caused quiet the sukuk investor interest in the offer. "Investors want higher interest rates, while we can not Insert," he said.
Indosat in a written announcement on its website, adding to the total value of debt securities of Rp2, 5 trillion to Rp3 trillion. Most bonds in total surpassed Rp3, 7 trillion. This amount is claimed to be the biggest book publishing is done by Indosat.  (source)

INDONESIA - RATNGS - Pefindo rates Indosat Sukuk Ijara

www.indosat.com - Pefindo Publishes Rating 'id AA +' (Double A Plus) for Indosat Bonds VIII 2012 and 'id AA + (sy)' (Double A Plus Sharia) for Indosat Sukuk Ijarah V Year 2012
 
Jakarta, June 18, 2012 - PT Indosat Tbk ("Indosat") announced today that Pefindo has assigned a rating 'id AA +' (Double A Plus) and 'id AA + (sy)' (Double A Plus Sharia) for each - each Indosat Bonds VIII 2012 and Indosat Sukuk Ijarah V Year 2012 to be published.
 
This rating reflects the strong support of the parent company, the stability of the company's market position, operating performance and stability. However, the ratings are also affected by the capital structure of the company's aggressive and tough competition in the telecommunications industry.  (source)

INDONESIA - CAPITAL MARKETS - Indosat Aims to Cash Trillions From Bonds

www.thejakartaglobe.com - Indosat, the country’s second-largest mobile phone operator, plans to raise Rp 2.5 trillion ($267 million) from selling conventional and Islamic bonds next month.

The Jakarta-based mobile operator plans to sell Rp 2 trillion of seven- and 10-year conventional bonds next month and Rp 500 billion of seven-year Islamic bond at the end of June this year.

The company will offer the notes to investors from June 20 to 22 and plans listing the bonds on the Indonesian Stock Exchange on June 28, the company said in a brief prospectus in Bisnis Indonesia on Monday.  (source)

INDONESIA - CAPITAL MARKETS - Interest coupon of 9.1%, INDOSAT Bonds / Sukuk Strengthen Network

WWW.INILAH.COM, Jakarta - PT Indosat Tbk (ISAT) will offer a coupon rate of bonds VIII in 2012 in the range 7.875% -9.125% of the issuance of Rp2 trillion. A total of 65% to pay for a network license.
PT Indosat Tbk (ISAT) will offer bonds VIII of 2012 with a fixed rate of Rp2 trillion. In addition, the company also offers the sukuk Ijarah Indosat V in 2012 with the rest of the rewards as much as possible ijarah Rp500 billion.
These bonds consist of two series of the bonds series A 7-year maturity with a coupon rate in the range 7.875% -8.875% series B bonds and a term of 10 years with a coupon rate in the range 8.125% -9.125%. While the ijara sukuk valued at Rp500 billion seven-year term. "For the ijara sukuk yield equivalent Rp78.750.000-Rp88.750.000 per Rp1 billion pa," said Director of PT Mandiri Securities, Iman Rachman, Tuesday (29/05/2012).  (source)

INDONESIA - CAPITAL MARKETS - Indonesia's Indosat to Boost Bond Sale To Rp 3t, Citing High Demand

www.thejakartaglobe.com - Indosat, the country’s second-largest mobile-phone operator, is considering increasing the size of its planned bond sale by 20 percent next month to cater to growing demand by investors, an executive said.

The Jakarta-based company plans to increase the bond to Rp 3 trillion ($324 million) from the original plan of Rp 2.5 trillion, said Curt Stefan Carlsson, chief financial officer of the company after an annual shareholders meeting on Monday.

“Indosat will sell bonds later this month or early next month,” he said, without saying how it would use the proceeds from the sale.  (source)

INDONESIA - RATNGS - Fitch rates Indosat BBB and the upcoming Indosat Sukuk Ijara AAA (Ind)

www.reuters.com - (The following was released by the rating agency) JAKARTA/SINGAPORE/SYDNEY, April 30 (Fitch) Fitch Ratings has upgraded Indonesia-based P.T. Indosat Tbk's (Indosat) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to 'BBB' from 'BBB-'. The Outlook is Stable.
Its foreign currency senior unsecured rating has also been upgraded to 'BBB' from 'BBB-'. At the same time, the agency has assigned Indosat a National Long-Term Rating of 'AAA(idn)' and 'AAA(idn)' ratings to its proposed bond and sukuk ijarah with maximum issuance of IDR2.5trn and IDR500bn respectively.  (source)

INDONESIA - CAPITAL MARKETS - Indosat Bonds and Sukuk Ijara Issue

www.beritajatim.com - Surabaya (beritajatim.com) - End of May telecommunication operator PT Indosat Indosat Tbk will issue conventional bonds with fixed interest and Sukuk Ijarah. The number of bonds and sukuk to be offered to the market of Rp 2.5 trillion.
This was disclosed by Djarot Handoko, Head of Communication Division of PT Indosat Tbk, in a test network in Jakarta, Tuesday (04/17/2012). Now Indosat has appointed five underwriters, namely PT DBS Vickers Securities Indonesia, PT Danareksa Securities, PT HSBC Securities Indonesia, PT Mandiri Securities, and PT Standard Chartered Securities Indonesia. "This is the first time we issue bonds and sukuk since being in the shade of Qatar Telecom. Where the later period of maximal bond holdings and sukuknya about 10 years," said Djarot.  (source)

INDONESIA - CAPITAL MARKETS - Indosat to Fund Expansion With Rp 2.5t Bond Sale

www.jakartaglobe.com - Indosat, the country’s second-largest mobile phone operator, plans to sell Rp 2.5 trillion ($272 million) in bonds this year to help fund its business expansion plans and refinance debt.

Indosat, which has about 60 million subscribers, plans to sell fixed-rate conventional bonds and Islamic bonds, the company said in a statement on Tuesday.

Specifically, the company will sell Islamic bonds of the Ijarah type, which investors lease back to the issuers to comply with Islamic law and to avoid receiving interest payments. Ijarah bonds represent the undivided beneficial rights or ownership of the assets held by the trustee on behalf of the investors. (source)

INDONESIA - RATINGS - Indosat Tbk.

www.pefindo.com - PEFINDO views that the sale agreement of 2,500 towers owned by PT Indosat Tbk. (ISAT or the Company) has no immediate impact to the ratings of the Company and its Bonds II/2002, Bonds V/2007, Bonds VI/2008, and Bonds VII/2009 as well as its Sukuk Ijarah II/2007, Sukuk Ijarah III/2008, and Sukuk Ijarah IV/2009. Although the cash proceeds from the transaction could improve the Company’s liquidity position and/or potentially reduce its outstanding debt, the transaction will incur new obligation under financing lease. However, PEFINDO will monitor the impact of the new obligation under financing lease to the Company’s capital structure. Currently, the Company’s ratings are maintained at “idAA+” for the Company and its bonds and “idAA+(sy)” for its sukuk with a stable outlook. (source)

INDONESIA - RATINGS - Indosat Tbk.

PEFINDO affirmed its ratings of “_idAA+” for PT Indosat Tbk. (ISAT or the Company) and its Bonds II/2002, Bonds V/2007, Bonds VI/2008, and Bonds VII/2009 and “_idAA+_(sy)” for its Sukuk Ijarah II/2007, Sukuk Ijarah III/2008, and Sukuk Ijarah IV/2009.  The outlook of the rating is “Stable”.  The ratings reflect the strong support from the majority shareholder, the Company’s very strong market position, and improved operating performance.  However, the ratings are offset by the Company’s aggressive capital structure and intense competition within the telecommunication industry. (source)

INDONESIA - FINANCE - Bank Syariah Bukopin enters into cooperation agreement with Indosat

Jakarta (20 / 7). To support an online telecom operations in the BSB branch offices throughout Indonesia PT Bank Syariah Bukopin (BSB) carry out the signing of the Cooperation Agreement (MCC) with PT Indosat Tbk (Indosat). With the signing of the agreement, both companies will equally benefit.

The signing ceremony of cooperation was yesterday Tuesday (19 / 7) in the BSB building, Salemba - South Jakarta, attended by Ruddy Susatyo as Director of Operations and Services representing the BSB and Prima Wuryanjono as Group Head Sales represented Indosat. (source)

RATINGS - Pefindo : Indosat Sukuk Ijarah

PEFINDO affirmed “_idAA+” rating of PT Indosat Tbk’s (ISAT or the Company) Bond IV Year 2005 amounting to IDR815 billion and “_idAA+_(sy)” rating of Sharia Ijarah Year 2005 amounting to IDR285 billion that will mature on June 21, 2011.  ISAT should be able to repay the maturing bonds using its internal funds.  The funds needed to pay the maturing bonds are placed in deposits in Bank Mandiri, Bank BRI, Bank BTN, Bank Syariah Mandiri etc..  (full story)

CAPITAL MARKETS - SUKUK - Pefindo upgrades Indosat rating prospect

JAKARTA : Indonesia stellar rating agency PT Pemeringkat Efek Indonesia (Pefindo) upgrades the prospect rating of PT Indosat Tbk’s bonds and sharia bonds (sukuk) from negative to stable.

In a research today, analysts Niken Indriarsih and Vonny Widjaja at Pefindo said that the upgrade was triggered by growing customers, earnings from cellular phone service and more stable financial leverage.