JAKARTA (TheInsiderStories) – Indonesia Stock Exchange (IDX) noted there are still 13 companies that will issue bonds until the end of 2019, it wrote in the latest report on Wednesday (11/06). The potential funds from 13 companies’ bonds reached Rp18.22 trillion (US$1.29 billion).
Of the 13 companies that will issue bonds, as many as seven companies are financial services institutions. Four of the seven financial service institutions are banks, namely PT Bank Rakyat Indonesia Tbk (IDX: BBRI) which will issue bonds of Rp5 trillion, PT Bank Mandiri Taspen with a bond value of Rp1 trillion, PT Bank BTPN Tbk (IDX: BTPN) with a bond value of Rp1 trillion and PT Bank CIMB Niaga Tbk (IDX: BNGA), which will issue bonds worth Rp2 trillion and subordinated bonds with a value of Rp1 trillion.
Then, there are three finance companies that will also issue bonds, namely PT Bussan Auto Finance with a bond value of Rp1.5 trillion. Then, there is PT Indonesia Infrastructure Finance with a bond value of Rp1.5 trillion, and PT Usaha Indonesia Reliance Financing with a value of Rp600 billion.
In addition, there are other companies from various sectors that will issue bonds. PT Kereta Api Indonesia will issue bonds of Rp2 trillion, PT Voksel Electric Tbk (IDX: VOKS) which will issue Rp500 billion bonds and PT Hartadinata Abadi Tbk (IDX: HRTA) which will issue bonds of Rp600 billion.
Next, there are PT Barito Pacific Tbk (IDX: BRPT) with a bond value of Rp750 billion and PT Jaya Bersama Indo Tbk (IDX: DUCK) with a bond value of Rp375 billion. Finally, there is PT Merdeka Copper Gold Tbk (IDX: MDKA) with a bond value of Rp400 billion.
The IDX noted, the total issuance of bonds and sukuk until 2019 reached 86 emissions from 45 issuers with a value of Rp101.04 trillion. While the total outstanding sukuk and bond emissions listed on the IDX reached Rp442.01 trillion and $47.5 million from 118 issuers.
Previously, PT BCA Finance registered Phase III Sustainable Bonds with a value of Rp1.5 trillion. The bonds consist of three series with an interest rate of 6.75-7.8 percent.
Meanwhile, until the end of this year, PT Indonesia Bond Price Appraisal (IBPA) predicted that the bond issuance will reach Rp130 trillion. The factor that influences the increase of corporate bond issuance is Indonesia’s economic growth that shows stable in around 5 percent. Another factor is the increase in Indonesia’s Sovereign Credit Rating from S&P to BBB/Outlook Stable. Not to mention the cutting of the benchmark interest rate by the Fed.
While next year, IBPA Director Wahyu Trenggono projected corporate bond issuance to reach Rp175 trillion. He said, historically, the condition of the bond market next year is not much different from the past five years or after the general election. Hence, the global market will still affect the corporate bond market next year.
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