JAKARTA (TheInsiderStories) – The Indonesia Stock Exchange (IDX) reported that 16 companies ready to publish 20 series of local bonds with total amount Rp20.82 trillion (US$1.43 billion), said the official yesterday. Of the total, seven emissions from the six issuers will release in this month with values Rp6.67 trillion.
The director, I Gede Nyoman Yetna, explained, until March, 19 emissions with worth of Rp20.58 trillion has been listed on the stock exchange, increased by 9.23 percent compared to a year ago. One of the issuers has plans to issue the corporate bond was PT Astra Sedaya Finance.
The subsidiary of PT Astra International Tbk (IDX: ASII) seeks Rp2.5 trillion from the bond market to support the financial company’ business activities. Series A with a principal value of Rp891.97 billion have an interest rate of 4.85 percent and 370 days of tenure. Then, Series B amounting to Rp1.6 trillion with an interest rate of 6.35 percent and tenure three years.
Then, telco company, PT Tower Bersama Infrastructure Tbk (IDX: TBIG) to releases domestic bond Rp970 billion to refinance the subsidiary’ debt. The notes offered with an interest rate of 5.50 percent per annum and have a term of 370 days. While, chemical manufacturer, PT Chandra Asri Petrochemical Tbk (IDX: TPIA) announced to releases three series of Rupiah bond with total amount of Rp1 trillion in this month.
Based on the official statement, Series A with worth of Rp50 billion have an interest rate of 7.80 percent and will mature in April 15, 2024. Then, Series B amounting to Rp587.95 billion due in five years with an coupon rate of 8.50 percent. And Series C with values of Rp362.05 billion offered with 9.00 percent of interest and will mature in the next seven years. Chandra Asri set the public offering period on April 9 – 12, allotment date on April 13, and listing date on the Indonesia Stock Exchange on April 16, 2021.
In addition, state financial firm, PT Pegadaian plans to releases two series of local and sharia bond as much as Rp4.04 trillion in April also to support the expansion program. The CEO, Kuswiyoto, said of the pawnshop company have various business expansion plans such as Pawn Care with zero percent interest and carry out the digital transformation.
In detailed, the Series A has a principal amount of Rp2.17 trillion with an interest rate of 4.85 percent and 370 days of tenure. Then, Series B has total amount of Rp1.1 trillion with tenure three years and coupon rate 6.2 percent. The Series A of sharia bond have values of Rp599.2 billion and Series B worth of Rp165.8 million with floating profit sharing and tenures 370 days to three years, respectively.
Pegadaian set the public offering period o on March 29 – 31, the allotment period on April 1, and listing on the Indonesia Stock Exchange on April 7. Acted as joint-lead underwrites are PT BNI Sekuritas, PT BRI Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Indo Premier Sekuritas.
Recently, chairman of the Financial Service Authority (FSA), Wimboh Santoso, optimistic total fundraising in Indonesian capital market penetrates to Rp180 trillion in this year. The amount higher than 2020′ realizations amounted to Rp118.7 trillion with 53 issuers.
Since the beginning of the pandemic, the regulator had issued various policies to boosted the companies seeking funds through the capital market. IDX and other related institutions also gave a various stimulus to the publicly listed companies and securities house. As an example the regulator has cut the initial listing dee up to 50 percent for the new issuer.
Then, Indonesian Clearing and Guarantee Corporation prepared a stimulus in the form of relaxation of the guarantee fund by relief of the guarantee deposit to the clearing member. The amount of relaxation is set at 0.005 percent of the value of each exchange transaction on equity. Previously the amount was 0.01 percent.
While, PT Indonesian Central Securities Depository gave a fee relief in the form of waiver of the e-Proxy usage fee and the initial registration fee for the securities issued through equity crowd-funding. The agency also reduced the annual registration fee by 50 percent on the issuer through equity crowd-funding.
The securities depository office also provided a stimulus to securities house and custodian banks in the form of an alternative connection networks using virtual private networks (VPN) and adjusting safekeeping fees from previously 0.005 percent to 0.0045 percent per year. Other stimuli are for the mutual fund industry in the form of alternative network connections using VPN, adjusting the monthly cost of registered investment products, and waiving the registration fee for investment products.
FSA itself plans to revise the minimum values of public offering in the capital market from Rp1 billion to Rp5 billion and the core capital of the managers from Rp2.5 billion to Rp15 billion. The new regulation is expecting will be able to encourages more fundraising in the stock market.
For retail investor, the agency has set up the Indonesia Securities Investor Protection Fund as an operator to raise a number of funds to protect investor who have loss on their assets caused of fraud. The amount of reimbursement is Rp100 million for investor and Rp10 billion for custodian bank. The violation that compensate with the disgorgement funds includes pseudo and insider trading.
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