The state-controlled PT Bank Negara Indonesia Tbk (BNI) has obtained nearly US$3 billion demand for its US$500 proposed global bonds. A source familiar with the matter said BNI and the joint lead arranges have priced the bonds at 4.125%. “Demand from investors nearly US$3 billion or close to seven fold oversubscribed,” the source told The [...]
PT Bank Tabungan Pensiunan Nasional Tbk (BTPN), that is controlled by Northstar Pacific Partners, today announced that International Finance Corporation (IFC) intends to convert a Rp139.46 billion loan channeled to BTPN into new shares. In an official statement published today, IFC has sent a conversion notice to the management of BTPN regarding an intention to [...]
Shipping company PT Arpeni Pratama Ocean Line Tbk (APOL), that is controlled by Oentoro Surya, a younger brother of Hadi Surya, owner of tottering PT Berlian Laju Tanker Tbk (BLTA), plans to pay bond interests and installment of fee for ijarah MTN syariah. Arpeni scheduled to pay interest of bond II A series/2008 worth Rp4.86 [...]
PT Kirana Megatara, subsidiary of Triputra Group, owned by Indonesian businessman Theodore Permadi Rachmat, has secured US$600 million loan facilities from 12 banks with option to raise another US$200 million. About 3-year US$500 million of the facilities will be used as working capital and the 5-year US$100 million will be allocated for investment. Bank CIMB, [...]