Wednesday, May 16, 2012
Peraturan Menteri Energi tentang Alokasi Gas Diminta Direvisi
Total saham Bumi yang telah dibeli perseroan hingga 2 April 2012 tercatat 548,59 juta saham atau 2,64 persen senilai 149,98 juta dollar AS.
Wednesday, May 16, 2012
Ekspor Batu Bara Akan Dikenai Bea Keluar
Pemerintah berencana untuk mengeluarkan regulasi untuk mengerem laju ekspor komoditas itu.
Wednesday, May 16, 2012
September, PPJT Proyek 6 Tol Dalam Kota Diteken
Dengan diterbitkannya SP2LP, maka proses pémbebasan tanah diperkirakan bisa dilakukan pada awal 2013.
Tuesday, May 15, 2012
Arutmin Pemasok Batu Bara Terbesar Proyek 10 Ribu Megawatt
Arutmin akan memasok ke beberapa PLTU di Jawa, seperti PLTU Indramayu, Rembang, Pacitan dan Labuan
| BNBR | 50.00 | 0.00% |
| BUMI.JK | 1,670.00 | -6.18% |
| UNSP | 260.00 | -7.14% |
| ENRG | 161.00 | -4.17% |
| BTEL | 230.00 | +2.22% |
| ELTY | 102.00 | -1.92% |
| BRMS | 540.00 | -3.50% |
| DEWA | 63.00 | -4.55% |
| BUMI.L | 412.20 | -1.62% |
| VIVA | 780.00 | +8.33% |
| BRAU | 420.00 | -1.18% |
| On Wednesday, May 16, 2012 16:37 | ||
Friday, Oct 28, 2011
Bakrie finds commitments at last minute, but still to sign
Indonesian palm oil company Bakrie Sumatera Plantations looked close to signing a dollar loan as EuroWeekAsia went to press on Thursday night, finding demand at the last moment after a prolonged attempt to find enough money to pay back a $185m bond that falls due next week.
The borrower needed to find around $235m to pay back the international bond issue, which falls due on November 1. It also needs to make interest payments, pay fees and set aside $10m for a debt service reserve account.
It already had commitments worth more than $235m by the end of Asian trading hours on Thursday, meaning that if no lenders pull their commitments — something that has happened during syndication — the company could avoid missing the redemption payment on the bond.
Bookrunners Bank International Indonesia, Credit Suisse and RZB needed to find around $25m of commitments for the deal this week, and turned to investors holding debt issued by the company or its subsidiaries; debt that would have plunged if Bakrie was unable to pay back its bond. It had around $27.5m of new commitments by the time EuroWeekAsia went to press, according to a banker.
The company was in a position to raise the entire $245m during syndication, but one of its lenders pulled out and one of the bookrunners scaled back its commitments.
Bakrie originally sold its $110m November 2011 bond in October 2006, but increased the deal by $50m in February 2007, and added another $25m in October 2009.
Moody’s downgraded the company from Caa1 to Ca on Monday, and gave the ratings a "developing" outlook. But that was before the three bookrunners managed to drum up demand for the deal. Alan Greene, senior credit analyst at Moody’s, said in a statement that "the likelihood of [Bakrie] having sufficient funds in place on the due date is now increasingly remote".
Moody’s cut the company from B3 to Caa1 in January, citing high levels of leverage and the problem of paying back the maturing $185m bond. The most recent downgrade came less than a week after Standard & Poor’s cut the company from B- to CC. []
The borrower needed to find around $235m to pay back the international bond issue, which falls due on November 1. It also needs to make interest payments, pay fees and set aside $10m for a debt service reserve account.
It already had commitments worth more than $235m by the end of Asian trading hours on Thursday, meaning that if no lenders pull their commitments — something that has happened during syndication — the company could avoid missing the redemption payment on the bond.
Bookrunners Bank International Indonesia, Credit Suisse and RZB needed to find around $25m of commitments for the deal this week, and turned to investors holding debt issued by the company or its subsidiaries; debt that would have plunged if Bakrie was unable to pay back its bond. It had around $27.5m of new commitments by the time EuroWeekAsia went to press, according to a banker.
The company was in a position to raise the entire $245m during syndication, but one of its lenders pulled out and one of the bookrunners scaled back its commitments.
Bakrie originally sold its $110m November 2011 bond in October 2006, but increased the deal by $50m in February 2007, and added another $25m in October 2009.
Moody’s downgraded the company from Caa1 to Ca on Monday, and gave the ratings a "developing" outlook. But that was before the three bookrunners managed to drum up demand for the deal. Alan Greene, senior credit analyst at Moody’s, said in a statement that "the likelihood of [Bakrie] having sufficient funds in place on the due date is now increasingly remote".
Moody’s cut the company from B3 to Caa1 in January, citing high levels of leverage and the problem of paying back the maturing $185m bond. The most recent downgrade came less than a week after Standard & Poor’s cut the company from B- to CC. []