INDONESIA - CAPITAL MARKETS - Bank Saudara plans 200 billion bonds

JAKARTA - PT Bank Saudara plans to issue bonds worth Rp 200 billion in an effort to increase lending to customers.

Director of Bank Brothers Tbk, Yanto M Purbo told the press after the first exposure to public bond Brothers Bank on Wednesday said the issuance of bonds to meet growing market needs. (source)

MALAYSIA - CAPITAL MARKETS - SC revises Guidelines for corporate bonds, trust deeds and sukuk

The Securities Commission Malaysia (SC) today issued the revised Private Debt Securities (PDS) Guidelines, Sukuk Guidelines and Trust Deed Guidelines to enhance the regulatory framework for fundraising and product regulation in the Private Debt Securities and Sukuk markets.

The revised Sukuk Guidelines streamline the approval process and time-to-market for the issuance of corporate bonds and sukuk. The revisions also facilitate a more informed investment decision-making process with additional provisions to ensure greater disclosure of relevant information to investors.

The revised Sukuk Guidelines provide greater clarity on the application of Shariah rulings and principles endorsed by the SC�s Shariah Advisory Council in relation to Sukuk transactions while the Trust Deed Guidelines improves disclosure standards and protection for corporate bond and sukuk holders.

Malaysia is currently the largest sukuk market in the world, accounting for about 65% of the global issues, while the bond market is the 3rd largest as a percentage to GDP in Asia (ex-Japan). The revised Guidelines will help Malaysia maintain its leading position by continuously attracting both local and international issuers and investors into the corporate bond and sukuk markets.
 

The revised Private Debt Securities Guidelines, Sukuk Guidelines and Trust Deed Guidelines will supersede the Guidelines on the Offering of Private Debt Securities, Guidelines on the Offering of Islamic Securities, Guidelines on the Minimum Contents Requirements for Trust Deeds and all the related Practice Notes respectively. (source -Download Sukuk Guidelines - Trust Deeds - Private Debt Securities)

FINANCIAL MARKETS - Mega Syariah issues IDR300 billion bond

JAKARTA: PT Bank Syariah Mega Indonesia plans to issue IDR300 billion bond to support the expansion of corporate financing this year.

Director of Bank Mega Syariah Beny Witjaksono said the bond issuance to be conducted in quarter II/2011.

Currently, he said, the company’s capital adequacy ratio (CAR) is still within secured area at 12.4%.

“We still have no plan to add the capital in first quarter but it is possible that we will conduct bond issuance in second quarter,” he told Bisnis, yesterday.