New rule related to the issuance of debt or SUKUK notes without public offering, including medium term note (MTN) rule, will take effect today (06/01) - Photo: Special

JAKARTA (TheInsiderStories) – Indonesia Stock Exchange (IDX) noted that there are still seven companies will issue bonds before the end of 2019. The total amount of the issuance are Rp4.47 trillion or US$319.46 million.

Based on IDX’ pipelines, the seven firms which will release bonds are from varied industries. First is PT Jaya Bersama Indo Tbk (IDX: DUCK), a restaurant company, intends to issue bond of Rp375 billion.

Then, finance company, PT Usaha Pembiayaan Reliance Indonesia plans to release bonds of Rp600 billion. Next is mining company, PT Merdeka Copper Gold Tbk (IDX: MDKA) which will issue bonds of Rp400 billion.

The property company, PT PP Properti Tbk (IDX: PPRO) will issue the biggest value among the seven companies for Rp1.2 trillion. Then, it is followed by PT Bali Towerindo Sentra Tbk (IDX: BALI) which will issue bonds of Rp800 billion.

PT Sampoerna Agro Tbk (IDX: SGRO) intends to issue two types of bonds, sustainable bonds of Rp300 billion and ijarah sukuk of Rp300 billion. Lastly, PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (IDX: BJBR) which will issue bonds of Rp500 billion.

Meanwhile, IDX has listed four bonds on last week. PT Indonesia Infrastructure Finance listed bonds of Rp1.5 trillion on Dec 19. On Dec 20, PT Bank CIMB Niaga Tbk (IDX: BNGA) listed sustainable bonds and subordinate bonds with total value of Rp1.82 trillion.

On the same day, PT Hartadinata Abadi Tbk (IDX:HRTA) also listed bonds of Rp600 billion. Then, PT Barito Pacific Tbk (IDX:BRPT) closed the week with issued bonds of Rp750 billion.

During Jan until Dec 20, 2019, there has been 53 bond issuers with value of Rp119.81 trillion listed the bonds on IDX. While, accumulatively, there are 118 issuer with value Rp448.59 trillion listed on IDX.

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 is Indonesia’ 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 Federal Reserves.

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.

US$1: Rp14,000

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