Coupon Bonds Expected Danareksa "Single Digit"

JAKARTA - PT Danareksa Persero continuing to issue bonds of Rp 500 billion by the end of this year. Company wants coupon bonds can be single digit so it does not incriminate him.


President Director of PT Danareksa Persero Ekasaputra Edgar explains, the company recently received a bond rating with a stable rating outlook.
"With a rating of A that we just got, coupon bonds are expected to be single digit., But this is uncertain because the ratings are also coming out today," said Edgar in office Danareksa Jakarta, Tuesday (09/10/2012).
According to Edgar, the bonds will be maturing 3-5 years. Guarantor emissions are PT Danareksa Securities. The proceeds from the issuance will be used to repay maturing bonds later this year worth Rp 500 billion.
"This is a continuing bond of Rp 1 trillion. Newly refinanced this year to Rp 500 billion. If it can be published again next year to Rp 500 billion," he said.
Until now, the bond company is still processed in Bapepam-LK. Expected bond issuance process can be completed in December 2012. Previously, PT Danareksa announced plans to issue bonds worth Rp 500 billion.
Bond issuance is done because Danareksa requires medium and long term funding. Bond funds will be used for debt refinancing Danareksa worth Rp 500 billion which matures at the end of this year.
NC Securities bond analyst I Made Adi Saputra explained, the bond market believes will be accepted. "Asset management may be interested in the return of a given, let alone see the tenor of three years," he said.
However, with the global market conditions are less passionate, Made suspect investors will selectively take corporate bonds. Made estimates coupon Danareksa tenor of three years will be in the range of 8.75 per cent-9, 25 percent. While the five-year bonds gave 9.25 percent-10 percent.Editor: Erlangga Djumenasource: KOMPAS.com

please give me comments thanks