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Indonesias’ Dharma Henwa Seeks Funding to Pay Debts

JAKARTA (TheInsiderStories) - The Bakrie Group' unit, PT Darma Henwa Tbk (IDX: DEWA) seeks fresh funding by offered 5.87 billion of Series B shares through...

Garuda Indonesia’s Lenders Approves the Debt Restructuring

JAKARTA (TheInsiderStories) - The state airlines, PT Garuda Indonesia Tbk (IDX: GIAA) has complete the debt restructuring with some of lenders, PT Angkasa Pura 1 (AP...

Indonesia’s Indosat Pays off Debt US$ 22M in Bonds

JAKARTA (TheInsiderStories) - Telco operator, PT Indosat Tbk (IDX: ISAT) announced that it has paid off part of the debt worth of Rp301 billion (US$21.32...

AirAsia Indonesia Negotiates US$22M’s Debts with Lessor

JAKARTA (TheInsiderStories) - The operator of low cost carrier, PT AirAsia Indonesia Tbk (IDX: CMPP) together with the AirAsia Group are continuing negotiations with the lessor...

Indonesia’s Waskita to Divests Nine Toll Roads Next Year

JAKARTA (TheInsiderStories) - The contractor company, PT Waskita Karya Tbk (IDX: WSKT) announced to divest nine toll roads in 2021 an eyes fresh funds up to...

Indonesia’s Pakuwon Buys Duniatex Assets for US$96M

JAKARTA (TheInsiderStories) - The developer, PT Pakuwon Jati Tbk (IDX: PWON), through its subsidiary, PT Pakuwon Permai, purchased three property assets owned by Duniatex Group with...

Indonesia’s Sritex Proposes Debt Extension Until 2024

JAKARTA (TheInsiderStories) - Textile producer, PT Sri Rejeki Isman Tbk (IDX: SRIL), also known Sritex, proposed to extends the maturity of the syndicated loan...

Indonesia’s Adhi Karya Slices Bond Issuance to US$43M

JAKARTA (TheInsiderStories) - Construction firm, PT Adhi Karya Tbk (IDX: ADHI) cut its local bond issuances from Rp2 trillion to Rp600 billion (US$42.85 million), said the...

Indonesia’s Alam Sutera Reached a Deal with Bondholders

JAKARTA (TheInsiderStories) - Singapore-based Alam Synergy Pte. Ltd., unit of PT Alam Sutera Realty Tbk (IDX: ASRI), completed the issuance of global bonds totaling US$422.4...

Indonesia’s Sritex Releases MTN to Pay Debt US$30M

JAKARTA (TheInsiderStories) - Indonesian textile producer,  PT Sri Rejeki Isman Tbk (IDX: SRIL), also known Sritex, announced has issued Medium Term Notes (MTN) worth of...

Indonesia’s Waskita Only Divests Two Toll Road Assets in 2020

JAKARTA (TheInsiderStories) - The construction firm, PT Waskita Karya Tbk (IDX: WSKT) announced only divest two toll roads in this year caused the impact...

Indonesia’s Wijaya Karya Eyes US$136M from Bond Market

JAKARTA (TheInsiderStories) - Another state-owned firm, PT Wijaya Karya Tbk (IDX: WIKA) seeks funds from bond market up to Rp2 trillion (US$136.05 million) in this year,...

Garuda Indonesia Issues MCB US$578M, Diluted Tanjung’s Shares to 9%

JAKARTA (TheInsiderStories) - The airlines firm owned by the government, PT Garuda Indonesia Tbk (IDX: GIAA) announced to issue Mandatory Convertible Bonds (MCB) amounting to Rp8.5...

Indonesia’s Krakatau Steel Releases MCB US$204M

JAKARTA (TheInsiderStories) - Indonesia' steel producer, PT Krakatau Steel Tbk (KRAS) plans to issue Mandatory Convertible Bond (MCB) with total amount Rp3 trillion (US$204.08 million), said...

Moody’s Assigns Ba3 to Indika Energy’s US Dollar Bond

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3 corporate family rating (CFR) to Indonesian miner, PT Indika Energy Tbk (IDX: INDY), said the agency on...

Indonesia’s Waskita Pay Debt US$169M After Raises Bank Loan

JAKARTA (TheInsiderStories) - The construction firm, PT Waskita Karya Tbk (IDX: WSKT) raised a bank loans Rp2 trillion from state-owned lender, PT Bank Negara...

Indonesia’s PTPP to Divests Two Toll Road Assets for US$28M

JAKARTA (TheInsiderStories) - The state-owned construction firm, PT PP Tbk (IDX: PTPP) to raised Rp421 billion (US$28.44 million) from the divestment of its two toll road...

Four Subdiaries of Krakatau Steel Ready to Go IPO

JAKARTA (TheInsiderStories) - Indonesia' steel-maker, PT Krakatau Steel Tbk (IDX: KRAS) ready to list four of its subsidiaries shares in 2021, said the CEO last week. The...

Singapore’s Wexler Holds 20.82% Bumi Resources Minerals Shares

JAKARTA (TheInsiderStories) - Singapore' investment firm, Wexler Capital Pte. Ltd., officially hold 20.82 percent of PT Bumi Resources Mineral Tbk (IDX: BRMS) shares after...

Singapore’s Agri, FKS Food to Holds 55.62% of TPS Food Shares

JAKARTA (TheInsiderStories) - Singapore’ Agri Pte. Ltd., and FKS Food and Ingredients through its subsidiaries, PT Pangan Sejahtera Investasi, will become the standby buyer the...

Indonesia’s Alam Sutera Ready to Enter Global Market Bond

JAKARTA (TheInsiderStories) - Indonesian developer, PT Alam Sutera Realty Tbk (IDX: ASRI) set the price of global bond issuances with total amount of US$485 million a...

Indonesia’s Sinarmas has Potential to Adds Smartfren Shares

JAKARTA (TheInsiderStories) - Sinar Mas Group has potential to increases telecommunication firm, PT Smartfren Telecom Tbk (IDX: FREN) shares through the bond conversion with...

Fitch Downgrades Agung Podomoro Rating to ‘C’

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesia-based developer, PT Agung Podomoro Land Tbk' (IDX: APLN) Long-Term Issuer Default Rating (IDR) to 'C' from 'CCC-'. At the...

Fitch Downgrades Alam Sutera to ‘CCC-‘ on Heightened Refinancing Risks

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded property developer, PT Alam Sutera Realty Tbk' (IDX: ASRI) Long-Term Issuer Default Rating (IDR) to CCC- from B-. At...

Indonesia’s Waskita Beton Fails to Pay Bond Interest

JAKARTA (TheInsiderStories) - PT Waskita Beton Precast Tbk (IDX: WSBP), a subsidiary of the state-owned construction company, PT Waskita Karya Tbk (IDX: WSKT), postponed...

Indonesia’s AP II Releases Local Bond to Pay Debt

JAKARTA (TheInsiderStories) - The operator of 19 airports in Indonesia, PT Angkasa Pura II or AP II, issued bonds worth Rp2.25 trillion (US$155.17 million)...

Indonesia’s Alam Sutera Seeks Fresh Fund US$485M to Pay Debt

JAKARTA (TheInsidersStories) - PT Alam Sutera Realty Tbk (IDX: ASRI) plans to release senior bonds with worth US$485 million, said the developer company today...

Indonesia’s PTPP Halts Some Important Projects due to the Pandemic

JAKARTA (TheInsiderStories) - The state run developer, PT PP Tbk (IDX: PTPP), intends to stop a number of projects due to the COVID-19 pandemic...

The Government to Absorbs Garuda Indonesia’s MCB US$594M

JAKARTA (TheInsiderStories) - The government is proposing to absorb the mandatory convertible bond (MCB) of state-owned airlines firm, PT Garuda Indonesia Tbk (IDX: GIAA)...

Garuda Indonesia Aborts Airbus Deliveries Amid the Slow Traficts

JAKARTA (TheInsiderStories) - The national flag carrier, PT Garuda Indonesia Tbk (IDX: GIAA) is in talks with Airbus SE (AIR.PA) to delay the deliveries of four...