Monthly Archives: May 2011
Ups…Kiki Barki to sell Harum Energy
May 27th, 2011
A source close to the matter said Karunia Bara has mandated two famed foreign houses Deutsche Bank and Macquarie Securities as the joint placing agents. “Karunia is proposing to sell 270 million shares, reflecting a 10% stake in Harum ...
Antam seeks US$900 bio for Halmahera
May 20th, 2011
Two sources close to the deal said Antam had invited 26 foreign and local investment banks. “Antam seeks a structured financing to develop Halmahera project with an estimated cost of US$1 billion and US$600 million for the power plant ...
BUMA to refinance US$750 mio loan
May 13th, 2011
Indonesia’s second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), a wholly owned subsidiary of PT Delta Dunia Makmur Tbk (DOID) finally secured a US$800 million syndicated loan facilities from 10 banks acting as mandated lead arrangers. ...
Golden Agri 1Q profit soars 161%
May 13th, 2011
The world’s second largest palm oil company with a total planted area of 443,500 hectares, Golden Agri-Resources Ltd, recorded a 161% jump in net profit for the first quarter of this year on the back of revenue jumped. Golden ...
Multistrada may drop rights issue
May 13th, 2011
One of Indonesia’s producers of radial car tire manufacturer PT Multistrada Arah Sarana Tbk (MASA) surged 33.85% to Rp435 per share in the last 2 weeks, the highest level in the last 6 years. At midday break, Multistrada jumped ...
Medco names Bahana as bond underwriter
May 13th, 2011
An oil and gas company that is controlled by Panigoro family PT Medco Energi Internasional Tbk (MEDC) has mandated PT Bahana Securities as a lead underwriter of proposed US$150 million bond issuance. “Yes, we have officially been appointed as ...
Medco to launch US$150 mio bond
May 13th, 2011
An oil and gas company that is controlled by Panigoro family PT Medco Energi Internasional Tbk (MEDC) intends to refinance its existing debt of US$90 million with the proceed of the proposed US$150 million bond. The US$150 million bond, ...
Bank Nagari eyeing Rp200 bio from IPO
May 13th, 2011
PT Bank Pembangunan Daerah Sumatra Barat (Bank Nagari) has obtained an approval from its shareholder, regional government, to list a 20% stake via initial public offering (IPO) scheduled in September 2011. The bank will use an audited financial report ...
BCA Finance launches Rp1 trio bond
May 13th, 2011
A leasing company PT BCA Finance today announced its plan to raise Rp1 trillion through an issuance of secured rupiah denominated bond scheduled on June 23 2011. The proceed of the bond issuance, consisting of five tranches, will be ...
Stock recommendations today
May 13th, 2011
The RSI indicator signals the Jakarta Composite Index today to see a correction by the end of the trading day. Here are stock recommendations provided by Bisnis.com today: Panin Sekuritas: The brokerage predicts the index to move sideways with ...