JAKARTA (TheInsiderStories) - State own pawn Perum Pegadaian plans to sell bonds worth Rp 3 trillion in the second half of 2016, said the director Dijono. The bond is part of a public offering of Rp 7 trillion in two years term.
Dijono stressed, until May, total financing of the company reached Rp33.5 trillion and targeted to reach Rp 34.5 trillion by the end of this year.
Other company, publicly liste PT Medco Energi International Tbk (IDX: MEDC), has commenced a public Offering for its bond with total amount Rp2 trillion. The bonds has offered with fixed coupon rate 10.3 to 10.8 percent for three years term and 10.8 to 11.3 percent for five years tenure.
The company seeks to raise Rp6.6 trillion (US$485.30 million) through rights issue and bond issuance, said the company in a statement. The proceeds will be used for expansion and debt repayment.
While, regional bank PT Bank Pembangunan DKI or Bank DKI offers bond with a total value of Rp 1 trillion on June 3 as part of the Sustainable Public Bond Offering of Bank DKI with a target to generate Rp 2.5 trillion that will be launched in the next few years.
PT Mandiri Sekuritas, PT BCA Sekuritas and PT Bahana Securities acted as the underwriters.
The bonds have a term of five years with indicative coupon rate of 8.5 to 9.4 percent per year. These bonds get a rating of A+ (idn) from PT Fitch Ratings Indonesia.
Funds obtained from the public offering will be used to expand the loan distribution. Bank DKI will be more focused on consumer loans and micro loans. Last year, total assets of Bank DKI was recorded at Rp 38.64 trillion with third party funds amounting to Rp 28.19 trillion and a loan portfolio amounting to Rp 25.69 trillion.
The Company also recorded net interest income of Rp 2.233 trillion, an increase of 14.06 percent from 2014 amounting to Rp 1.949 trillion.
The period of initial offering (bookbuilding) for Bond I Phase I is planned on June 3 to 14, 2016 public offering on 24th & 27th June 2016, the allotment on June 28, 2016, electronic distribution in KSEI on 30 June 2016 as well as the listing on the Indonesian Stock Exchange on July 1, 2016. (*)