www.investor.co.id - JAKARTA-Investor
magazine again awarded best Islamic or Sharia Best Awards 2012 for best
Islamic financial institution 10, 11 Islamic financial products and the
best three Islamic leaders.
At
the awarding ceremony of Sharia Investor Award 2012 in the Ballroom,
Hotel Aryaduta, Jakarta, Wednesday (8/8), PT Bank Syariah Mandiri (BSM)
was crowned the best Islamic bank in 2012. Business unit of sharia (UUS) banking, Bank DKI tops in the category of UUS beraset above Rp 500 billion. For best UUS beraset below Rp 500 billion, won UUS SulSelBar Bank.
Awards are also given for the best life insurance and general insurance islamic sharia best. Sinarmas
MSIG Insurance branches of Sharia and Islamic branches Avrist Assurance
business unit won an award as the best Islamic insurance. While
the Sinar Mas branch of Islamic Insurance and Islamic Insurance as
general manager of Mega branches of general insurance business units
best branch of sharia. National Reinsurance while Indonesia won the award for Best Islamic reinsurance branch. (source)
Showing posts with label corporate sukuk. Show all posts
Showing posts with label corporate sukuk. Show all posts
Thursday, August 09, 2012
Monday, July 09, 2012
INDONESIA - CAPITAL MARKETS - Bondholders Laju Tanker Demand Specificity of Bapepam-LK
www.bisnis.com - JAKARTA: Holders of bonds and sukuk PT Berlian Laju Tanker is still waiting in an atmosphere of uncertainty following the shipping status of issuers that defaulted on a debt instrument in February.
Yusuf, III/2007 Bond investors who represents one of superannuation funds, Bapepam LK asks firmness and the Ministry of Finance to take action against the issuer can not meet its obligations.
"So far, Bapepam LK looks quiet, but who agreed to permit the issuance of bonds is Bapepam LK. They should also take responsibility for their decisions, "he said. (source)
Yusuf, III/2007 Bond investors who represents one of superannuation funds, Bapepam LK asks firmness and the Ministry of Finance to take action against the issuer can not meet its obligations.
"So far, Bapepam LK looks quiet, but who agreed to permit the issuance of bonds is Bapepam LK. They should also take responsibility for their decisions, "he said. (source)
Thursday, July 05, 2012
INDONESIA - CAPITAL MARKETS - Indonesia Company Sukuk Shortage Curbs Returns: Islamic Finance
www.thejakartaglobe.com - Indonesia’s three best-performing Islamic bond funds say a rebound in
corporate sukuk sales is failing to keep up with demand from investors
chasing higher returns as government yields decline.
Insight Investments Management’s top-ranked I-Hajj Syariah Fund wants to boost company holdings from 80 percent if more securities become available, President Director Tony Henri said in an interview in Jakarta last week. Akbar Syarief, fund manager at MNC Asset Management, overseeing the second-best performer, said his confidence in finding buyers is not matched by certainty there will be sufficient supply.
“Right now the concern is that when money comes in, there may not be securities to invest in,” Jakarta-based Syarief, whose MNC Dana Syariah vehicle returned 3.8 percent this year, said in a June 26 interview. “Corporate sukuk will always be in high demand.” (source)
Insight Investments Management’s top-ranked I-Hajj Syariah Fund wants to boost company holdings from 80 percent if more securities become available, President Director Tony Henri said in an interview in Jakarta last week. Akbar Syarief, fund manager at MNC Asset Management, overseeing the second-best performer, said his confidence in finding buyers is not matched by certainty there will be sufficient supply.
“Right now the concern is that when money comes in, there may not be securities to invest in,” Jakarta-based Syarief, whose MNC Dana Syariah vehicle returned 3.8 percent this year, said in a June 26 interview. “Corporate sukuk will always be in high demand.” (source)
Tuesday, July 03, 2012
INDONESIA - RATINGS - Pegadaian
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)
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)
INDONESIA - RATNGS - Fitch rates Bank Mualat A (idn)
www.investor.co.id - JAKARTA
- Rating agency Fitch Ratings assign ratings (rating) Long-term
Indonesia Tbk, PT Bank Muamalat at level A (idn) with a stable outlook,
as well as subordinate debt rating at BBB level (idn).
Fitch assessed, the possibility is supported by the State Bank Muamalat is very small, because the bank already has a symbolic role in the development of Islamic banking in Indonesia. On the other hand, Fitch recognizes Muamalat assets is still relatively small compared to the domestic banking sector.
Until late last year, Bank Muamalat has 25 percent share of the total assets of Islamic banking. However, when compared to the total domestic industry (including conventional bank assets), only 1.1 percent. (source)
Fitch assessed, the possibility is supported by the State Bank Muamalat is very small, because the bank already has a symbolic role in the development of Islamic banking in Indonesia. On the other hand, Fitch recognizes Muamalat assets is still relatively small compared to the domestic banking sector.
Until late last year, Bank Muamalat has 25 percent share of the total assets of Islamic banking. However, when compared to the total domestic industry (including conventional bank assets), only 1.1 percent. (source)
Tuesday, June 26, 2012
INDONESIA - CAPITAL MARKETS - Bank Muamalat Upsizes Sukuk Subdebt to Rp800 Billion
www.theindonesiatoday.com - JAKARTA, Indonesia Today
- Indonesia's largest shariah PT Bank Muamalat Tbk upsizes the issuance
of its syariah (sukuk) subordinated mudharabah to Rp500 billion from
initial plan Rp500 billion, first phase of Rp1.5 trillion syariah
subdebt program.
The syariah subdebt will have tenor of 10 years. The Indonesian rating agency Pefindo has rated idA (sy) for the subdebt.
The offering is scheduled for June 26, 2012 while listing at stock exchange is set for July 2, 2012.
The proceeds of subdebt will be used for strengthening the capital and supporting the bank's syariah financing. (source)
The syariah subdebt will have tenor of 10 years. The Indonesian rating agency Pefindo has rated idA (sy) for the subdebt.
The offering is scheduled for June 26, 2012 while listing at stock exchange is set for July 2, 2012.
The proceeds of subdebt will be used for strengthening the capital and supporting the bank's syariah financing. (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 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)
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)
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 - So Muamalat Rp800 Billion Increase Value of Sukuk
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 investorsHendiarto,
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 billionThe
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, Monday, June 18, 2012. (source)
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)
Friday, June 08, 2012
INDONESIA - CAPITAL MARKETS - Adhi Karya issues Rp 750b bonds
www.thejakartapost.com - JAKARTA: Publicly listed construction company PT Adhi Karya is seeking
Rp 750 billion (US$80 million) from issuing conventional and Islamic
bonds with high coupon rates ranging between 9 and 10.5 percent.
The company is offering Rp 625 billion in conventional bonds, which are divided into two series. The A series, which will account for Rp 375 billion and will mature in five years, will be offered with 9 to 10 percent coupon rates, corporate secretary Kurnadi Gularso said after the company’s public expose on Thursday.
Meanwhile, the B series, which will total Rp 250 billion with a maturity period of seven years, will be offered with 9.5 to 10.5 percent coupon rates. (source)
The company is offering Rp 625 billion in conventional bonds, which are divided into two series. The A series, which will account for Rp 375 billion and will mature in five years, will be offered with 9 to 10 percent coupon rates, corporate secretary Kurnadi Gularso said after the company’s public expose on Thursday.
Meanwhile, the B series, which will total Rp 250 billion with a maturity period of seven years, will be offered with 9.5 to 10.5 percent coupon rates. (source)
INDONESIA - CAPITAL MARKETS - SADHI KARYA Bonds offered at 9-10.5 %
www.bisnis.com - JAKARTA: State-owned construction company PT Adhi Karya Tbk offer coupon bonds and sukuk in the range of 9% - 10.5%.
Director of PT Danareksa Sekuritas Sincere Nababan said the company plans to issue bonds amounting to Rp1 sustainable, 5 trillion. For the first phase of bonds to be issued sebesars Rp750 billion consisting of conventional bonds and sukuk amounting to Rp625 billion worth of 125 stage I mudharabah billion.
The bonds consist of two series of the series A total of Rp375 billion five-year tenure with the indication of a coupon of 9% -10%, and series B as much as 250 billion 7-year tenure with the indicated coupon of 9.5% -10.5%. (source)
Director of PT Danareksa Sekuritas Sincere Nababan said the company plans to issue bonds amounting to Rp1 sustainable, 5 trillion. For the first phase of bonds to be issued sebesars Rp750 billion consisting of conventional bonds and sukuk amounting to Rp625 billion worth of 125 stage I mudharabah billion.
The bonds consist of two series of the series A total of Rp375 billion five-year tenure with the indication of a coupon of 9% -10%, and series B as much as 250 billion 7-year tenure with the indicated coupon of 9.5% -10.5%. (source)
INDONESIA - RATNGS - Adhi Karya (Persero) Tbk.
www.pefindo.com -PEFINDO raised the ratings of PT Adhi Karya (Persero) Tbk. (ADHI or the Company), the Company’s Bonds IV/2007 at “idA” from “idA-” and its Sukuk Mudharabah I/2007 at “idA(sy)” from “idA-(sy)”.
At the same time, PEFINDO also assigned “idA” rating to the proposed
bond “Obligasi Berkelanjutan I Adhi Tahap I tahun 2012” with a maximum
value of IDR1.25 trillion and “idA(sy)”
rating to the proposed “Sukuk Mudharabah Berkelanjutan I Adhi Tahap I
tahun 2012” with a maximum value of IDR250 billion. The outlook for the
rating is “stable”. (source)
Saturday, June 02, 2012
INDONESIA - CAPITAL MARKETS - Bank Muamalat gears up for Islamic debt issue in third week of June
futures.tradingcharts.com - Indonesia-based Islamic Sharia-compliant lender PT Bank Muamalat is set
to place an IDR800bn (USD84.7m/EUR67.5m) sukuk in the third week of
June, The Jakarta Post reported on Tuesday.
The deal falls within the bank's strategy to beef up its financial
resources with IDR1.5trn capital. Bank Muamalat aims to reach the target
by raising the remaining IDR700bn by the first half of next year, the
paper said.
(source)
INDONESIA - CAPITAL MARKETS - Bank Muamalat Readies for Rp 1.5t Islamic Bond Sale
www.thejakartaglobe.com -Bank Muamalat, the country’s top Islamic bank, plans to
sell Islamic bonds worth Rp 1.5 trillion ($159 million) over the next
two years to boost lending.
The Jakarta-based lender aims to sell Rp 500 billion in July this year, it said in a brief prospectus published in Bisnis Indonesia newspaper on Wednesday.
It will offer the notes to investors on June 25-26, with a planned listing on the Indonesia Stock Exchange on July 2. It will sell the final Rp 1 trillion next year. (source)
The Jakarta-based lender aims to sell Rp 500 billion in July this year, it said in a brief prospectus published in Bisnis Indonesia newspaper on Wednesday.
It will offer the notes to investors on June 25-26, with a planned listing on the Indonesia Stock Exchange on July 2. It will sell the final Rp 1 trillion next year. (source)
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