www.pefindo.com -PEFINDO affirmed its “idAA+”
ratings of PT Pegadaian (Persero) (PPGD or the Company) and the
Company’s outstanding Bonds X, XI, XII and XIII, Shelf Registration Bond
I/2011 Phase I and Phase II/2012, as well as MTN II/2011. PEFINDO also
affirmed its “idAA+(sy)” rating for the Company’s MTN Ijarah I/2011. Outlook for the corporate rating is “stable”.
The ratings reflect strong support from the Government of Indonesia
(GOI), the Company’s superior position in pawn service business, as well
as very strong asset quality and favorable profitability indicators.
The ratings are constrained by tight competition in the non-pawn
brokerage business. (source)
Showing posts with label Ijara. Show all posts
Showing posts with label Ijara. Show all posts
Tuesday, July 03, 2012
Saturday, June 30, 2012
INDONESIA - BANKING - ISLAMIC BANK BUKOPIN upsizes amount Islamic bond
www.bisnis.com - JAKARTA: PT Bank Syariah Bukopin add to holdings of securities to absorb Islamic sukuk issued by PT Bank Muamalat Indonesia Tbk and PT Indosat Tbk.
Riyanto, Managing Director of Bank Syariah Bukopin (BSB), said the company is actually targeting the placement of funds of up to Rp100 billion in the two emissions.
However, it turns out the company only managed to put half of the target investment due to high competition with other investors.
"Because oversubscribed [excess demand] we miss just a little. Target of 100 billion we just be around Rp40 billion to Rp50 billion, "he said today Thursday (28/6). (source)
Riyanto, Managing Director of Bank Syariah Bukopin (BSB), said the company is actually targeting the placement of funds of up to Rp100 billion in the two emissions.
However, it turns out the company only managed to put half of the target investment due to high competition with other investors.
"Because oversubscribed [excess demand] we miss just a little. Target of 100 billion we just be around Rp40 billion to Rp50 billion, "he said today Thursday (28/6). (source)
Wednesday, June 27, 2012
INDONESIA - CAPITAL MARKETS - Bank Muamalat Gets Ball Rolling On Fund-Raising With Bond Sale
www.thejakartaglobe.com - Bank Muamalat, an Islamic lender in Indonesia, is planning to raise Rp
800 billion ($85 million) from the sale of subordinated Islamic debt
this week.
The bank, which is partly controlled by the Islamic Development Bank, is offering the 10-year Islamic notes to investors today and plans to list the debt on the Indonesia Stock Exchange next Monday.
The offering will be the first as part of Bank Muamalat’s long-term plan to raise Rp 1.5 trillion within two years, the lender said in a brief prospectus published in Investor Daily on Monday.
Indonesia is the world’s largest Muslim population country, with Muslims comprising 85 percent of its 240 million population. (source)
The bank, which is partly controlled by the Islamic Development Bank, is offering the 10-year Islamic notes to investors today and plans to list the debt on the Indonesia Stock Exchange next Monday.
The offering will be the first as part of Bank Muamalat’s long-term plan to raise Rp 1.5 trillion within two years, the lender said in a brief prospectus published in Investor Daily on Monday.
Indonesia is the world’s largest Muslim population country, with Muslims comprising 85 percent of its 240 million population. (source)
Sunday, June 24, 2012
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)
Saturday, June 23, 2012
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)
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)
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)
Wednesday, June 20, 2012
INDONESIA - CAPITAL MARKETS - Muamalat: Measures to be Rp800 billion, for the 10.125%
www.bisnis.com - JAKARTA:
Indonesia Tbk, PT Bank Muamalat increase the value of emissions from
the subordinated sukuk plans Rp500 billion to Rp800 beginning billion,
as strong demand from investors.
Hendiarto, Director of Finance and Operations Bank Muamalat, said the incoming requests from investors to the sukuk subordination (subdebt) of Phase I reach Rp1, 13 trillion, much higher than the initial offer Rp500 billion.
The high demand is the reason for the company to increase the value of emissions to Rp800 billion, or 60% higher than the supply.
"It will be decided in the near future, but indications are we will take up to Rp800 billion," he told Business Today Monday (18/6). (source)
Hendiarto, Director of Finance and Operations Bank Muamalat, said the incoming requests from investors to the sukuk subordination (subdebt) of Phase I reach Rp1, 13 trillion, much higher than the initial offer Rp500 billion.
The high demand is the reason for the company to increase the value of emissions to Rp800 billion, or 60% higher than the supply.
"It will be decided in the near future, but indications are we will take up to Rp800 billion," he told Business Today Monday (18/6). (source)
Saturday, June 09, 2012
INDONESIA - CAPITAL MARKETS - Government Issuing Sukuk Haji Rp2, 5 trillion
www.investor.co.id - AKARTA
- The government issued securities sharia state (SBSN) or state sukuk
SDHI 2018 A series of Rp2, 5 trillion to meet part of the 2012 state
budget targets.
Written statement of the Directorate General of Debt Management, Ministry of Finance received Antara here on Thursday, citing a 2018 publication SDHI was done through the placement of Haji Fund administered by the Ministry of Religious Affairs on the sukuk.
Hajj is the placement of funds into the state sukuk using the method of the issuance of private placement securities without going through the initial offering, for buyer and a certain amount. (source)
Written statement of the Directorate General of Debt Management, Ministry of Finance received Antara here on Thursday, citing a 2018 publication SDHI was done through the placement of Haji Fund administered by the Ministry of Religious Affairs on the sukuk.
Hajj is the placement of funds into the state sukuk using the method of the issuance of private placement securities without going through the initial offering, for buyer and a certain amount. (source)
Friday, June 08, 2012
INDONESIA - CAPITAL MARKETS - Government Sukuk Tebitkan Haji Rp2, 5 T
www.neraca.co.id - Jakarta-The government re-issued securities in Islamic countries (SBSN) or state sukuk SDHI series 2018 A senlai Rp2, 5 triliun.Penerbitan Haji Indonesia Sukuk Fund (SDHI) 2018A is done through the placement of Haji Fund administered by the Ministry of Religious Affairs on the sukuk.
According to the Directorate General of Debt Management, Ministry of Finance in Jakarta. The Hajj is the placement of funds into the state sukuk using the method of the issuance of private placement securities without going through the initial offering, for buyer and a certain amount. (source)
According to the Directorate General of Debt Management, Ministry of Finance in Jakarta. The Hajj is the placement of funds into the state sukuk using the method of the issuance of private placement securities without going through the initial offering, for buyer and a certain amount. (source)
Thursday, May 31, 2012
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)
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)
Tuesday, May 29, 2012
INDONESIA - LEASING - Semester II, Al Ijarah Muamalat Acquisition Completed
WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat plans to complete the acquisition of Al Ijarah Indonesia Finance (Alif) in the second half. For the acquisition Muamalat spend about Rp 70 billion.
"Target is completed in the second half and it has been approved in general meeting of shareholders," said Director of Compliance and Risk Management of Bank Muamalat, Andi Buchori, the Office of Bank Muamalat, Monday (28/5). (source)
"Target is completed in the second half and it has been approved in general meeting of shareholders," said Director of Compliance and Risk Management of Bank Muamalat, Andi Buchori, the Office of Bank Muamalat, Monday (28/5). (source)
Sunday, April 29, 2012
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)
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)
Wednesday, April 18, 2012
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)
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)
Saturday, March 03, 2012
INDONESIA - CAPITAL MARKETS - Yuk! Retail Sukuk investments, 6.25% - list retail agentsReturn on results
finance.detik.com - Thus announcement of the Directorate General of Debt Management quoted, Friday (03/02/2012).
Retail sukuk will have a term of 3 years with a maturity date of 21 September 2015. These investment instruments berakad ijara assets to be leased.
Nominal value of retail sukuk per unit is $ 1 million and a minimum order of Rp 5 million, while the maximum ordering is Rp 5 billion.
Retail sukuk yield payments will be made every 21 starting April 2012. (source)
Retail sukuk will have a term of 3 years with a maturity date of 21 September 2015. These investment instruments berakad ijara assets to be leased.
Nominal value of retail sukuk per unit is $ 1 million and a minimum order of Rp 5 million, while the maximum ordering is Rp 5 billion.
Retail sukuk yield payments will be made every 21 starting April 2012. (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)
Saturday, February 25, 2012
INDONESIA - REGULATIONS - Regulations prohibit growth of corporate sukuk
www.pkesinteraktif.com - Jakarta (24/2) - corporate Sukuk are not experiencing significant development. This is because existing regulations do not currently support the development of sukuk itself.
"Sukuk? In the regulation of GAAP and tax incentives that problem. Now look at the movement of corporate sukuk are relatively quiet. It was recognized by friends of the regulator, "said Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh when met at the University of Gunadarma Depok, on Thursday (24/2). (source)
"Sukuk? In the regulation of GAAP and tax incentives that problem. Now look at the movement of corporate sukuk are relatively quiet. It was recognized by friends of the regulator, "said Head of Market Development Indonesia Stock Exchange (BEI) Irwan Abdalloh when met at the University of Gunadarma Depok, on Thursday (24/2). (source)
Sunday, February 19, 2012
INDONESIA - RATINGS - Berlian Laju Tanker Tbk.
www.pefindo.com - PEFINDO lowered PT Berlian Laju Tanker Tbk’s (BLTA or the Company) corporate rating to “idSD” from “idCCC” after confirming that BLTA has not made the repayment on one of its offshore bank loans and its ship-lease obligations on their respective due dates. PEFINDO maintained “idCCC” ratings for the Company’s Bond III/2007 and Bond IV/2009 (including the Bond IV/2009-B Series amounting to IDR150 billion due 28 May 2012), and also maintained the ratings of BLTA’s Sukuk Ijarah I/2007 and Sukuk Ijarah II/2009 at “idCCC(sy)” (including Sukuk Ijarah II/2009-A Series amounting to IDR45 billion due 28 May 2012). The debt instrument ratings will be lowered to “idD” when the next respective dates for interest or principal payments are passed and the payments are not made. (source)
Monday, February 13, 2012
MALAYSIA - REGULATIONS - Syariah-based hire-purchase Act to be introduced
www.thestar.com.my - BERA: A new hire-purchase Act in accordance with Islamic principles will be introduced, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.
He said a study of the draft Act was being discussed with a panel comprising Islamic economists and Muslim consumer associations, and it was being finalised.
The draft would also look into examples of Islamic legislation used in other countries. (source)
Wednesday, February 08, 2012
HONG KONG - HK ready to roll
www.theislamicglobe.com - The Hong Kong government is pressing ahead with legislation to make it become an Islamic finance player.
Financial secretary, John Tsang, used his annual Budget speech to flag up the territory’s plans to amend current legislation and put Sukuk on an equal footing with conventional bonds.
He said: “We are close to finalizing the draft amendments to the relevant kegislation with a view to leveling the playing field for common types of Islamic bonds vis-à-vis their conventional counterparts as far as profits tax, property tax and stamp duty are concerned.” (source)
Financial secretary, John Tsang, used his annual Budget speech to flag up the territory’s plans to amend current legislation and put Sukuk on an equal footing with conventional bonds.
He said: “We are close to finalizing the draft amendments to the relevant kegislation with a view to leveling the playing field for common types of Islamic bonds vis-à-vis their conventional counterparts as far as profits tax, property tax and stamp duty are concerned.” (source)
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