Tag: indonesia

Berlian Laju Tanker replenishes its coffers ahead of an expected convertible put in May and as it pursues the acquisition of a Norwegian liquid tanker company. Cikarang Listrindo prices its high-yield bond at the end of an eventful week in the debt markets. Deals for Exim Bank of India and Vietnam are both expected to price in the ... The Republic of Indonesia starts the year aggressively with the issue of a tightly priced 10-year bond. As part of the deal, the UK group will buy the Singaporean bank's life insurance arm. The $300 million seven-year deal comes with a one-year put and a low coupon, as well as a synthetic stock borrow arrangement that helped to attract hedge funds. Asia accounted for two-thirds of HSBC's global profits in the first six months of this year, and executive director Peter Wong is upbeat about the bank's future plans for the ... Sam Critchlow joins Rothschild in Jakarta from J.P. Morgan Cazenove. Indonesia has become an attractive destination for portfolio investors. Borrowers in the region, particularly Koreans, are tapping into healthier investor appetite and locking in low-cost funding. PT Adaro, Indonesia's second biggest coal miner, raises $800 million through the sale of 10-year notes and pays just 7.75% thanks to strong support from global high-yield funds. The oil palm plantation company will be the first Indonesian issuer of size to complete an IPO for more than a year and the first in 2009 to have marketed its offering to ... Japanese firm Taisho Pharmaceutical pays $310 million for six Asia-Pacific brands and the Indonesian business of Bristol-Myers, as it seeks to build its presence in the OTC ... Martin Hohensee, Deutsche Bank's head of fixed-income research in Asia, thinks Indonesia can today be considered a BB+ credit. The convertible is well-received by both outright investors and hedge funds despite coming on the back of a near 300% gain in First Resources' share price since the March lows. Citi's former head of Pakistan research moves to Indonesia to lead the research effort there, while Kim Kwie Sjamsuddin joins the bank from BNP Paribas as an Indonesia mining ... Bakrie & Brothers president director Nalin Rathod has the strength and flexibility to tackle the complexities of Indonesia's corporate landscape. Rival bankers attack the sovereign GMTN issue as being too cheap. Sour grapes anyone? Credit markets have got off to a good start in 2009, but Indonesia could find that sentiment is changing. A report by Moody's says property and technology firms in Asia suffered more negative ratings actions in the third quarter than any other sector. Malaysia’s central bank tells the country’s biggest lender to cut the offer price or cancel its bid for Bank Internasional Indonesia.