State-Run Pawnshop lists New Bond Issue
Thursday, 02 July, 2009 | 21:41 WIB

TEMPO Interactive, Jakarta: State-run pawnshop, Perum Pegadaian, after listing its bonds at the Indonesia Stock Exchange on Thursday, expects to raise Rp 1.5 trillion. The bond issue was announced by the Indonesia Stock Exchange.

The bonds were classified into four tranches with maturity dates between five to 10 years and coupon rates between 11.675 percent and 12.875 percent.

The first tranche worth Rp350 billion will mature in five years with coupon rate at 11.675 percent. The second tranche is valued at Rp100 billion with the same maturity date and coupon rate.

The third tranche worth Rp650 billion will mature in eight years with coupon rate at 12.65 percent per year while the fourth with coupon rate at 12.875 percent is due to mature in 10 years.

The bond issue was the 19th listed in the Indonesia Stock Exchange since the beginning of the year. The total value of the listed promisory notes was

Rp16.238 trillion, which consisted of 15 bonds worth Rp15.052 trillion, three sharia bonds worth Rp 1.086 trillion and asset backed securities worth Rp100 billion.

BUNGA MANGGIASIH