Indonesia in the capital markets

All eyes are on Indonesia as president Joko Widodo kick-starts a long-mooted tax amnesty programme, which can boost the government’s coffers by as much as Rph165tr ($12.7bn) this year. The rupiah is slowly rising as investors regain their confidence in Indonesia’s economy, while foreigners are continuing their buying spree of the country’s equities. The risk-on sentiment still remains very much intact for Indonesia. 

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GlobalCapital Asia is a leading news, opinion and data service for people and institutions using and working in the Indonesian and international capital markets. Providing you with clearly-voiced, lively coverage based on the comments of those who work in them, together with a wealth of transaction data and archive material. 

Take a look at some of our most recent news and data from the Indonesian markets.

  • Royal Industries skips first instalment on $380m deal

    Agro-industrial company Royal Industries Indonesia has failed to pay the first principal instalment on a $380m loan borrowed in June 2015. Although the incident was driven by circumstances unique to the borrower, market observers reckoned banks would now be more wary of lending to smaller, privately-held firms from the country. Shruti Chaturvedi reports.

    • 18 Aug 2016
  • Royal Industries misses first repayment on $380m loan

    Royal Industries Indonesia is understood to have failed to repay the first principal installment on a $380m loan raised in 2015.

    • 18 Aug 2016
  • Bank Tabungan takes loan into limited syndication

    Indonesian lender Bank Tabungan Pensiunan Nasional, which is backed by Sumitomo Mitsui Banking Corp, is seeking $155m from the syndicated loan market.

    • 17 Aug 2016
  • Indonesia, India firms seek $125m in loans

    A power plant construction firm from Indonesia and an equipment and infrastructure finance company from India are raising debt worth a collective $125m.

    • 15 Aug 2016
  • Asian bond market calms after frantic week

    There was no sign of a summer slowdown in Asia’s bond market last week with five deals pricing in one day. But that momentum has not carried over into this week as a public holiday takes out some of the heat. But any pause is likely to be temporary, say bankers.

    • 08 Aug 2016
  • Indo Exim allocates $725m borrowing

    A $725m loan for Indonesia Eximbank has been allocated, with lenders that committed only to the shorter, three year tranche, experiencing a bigger scaleback than those that opted for the five year.

    • 10 Aug 2016
  • Waskita builds biggest Indo listing since 2011

    Waskita Beton Precast is poised to raise up to Rph5.27tr ($402.63m) in what could be Indonesia’s largest IPO in five years, with the firm launching a two week roadshow on Wednesday.

    • 11 Aug 2016
  • Scepticism surrounds slim pricing on Pertamina

    Pricing on a $1.5bn borrowing for Indonesian state-owned oil company Pertamina has become a talking point among loans bankers. Some believe that the loan will not have an easy time in syndication as the cost of funds at Japanese and Taiwanese lenders creeps up, writes Shruti Chaturvedi.

    • 11 Aug 2016

                                            

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Jan 2017
1 Haitong Securities Ltd 1,383.79 4 25.02%
2 Guotai Junan Securities Co Ltd 675.24 3 12.21%
3 China Securities Co Ltd 572.35 3 10.35%
4 CITIC Securities 476.38 2 8.61%
5 BNP Paribas 316.68 1 5.73%

Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 3,599.18 10 11.11%
2 HSBC 1,925.24 7 5.94%
3 Bank of America Merrill Lynch 1,736.50 8 5.36%
4 Itau BBA 916.67 2 2.83%
5 Bradesco BBI 900.00 2 2.78%

                                             

Panda Bonds Top Arrangers

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 8,500 7 18.01
2 Everbright Securities 8,000 2 16.95
3 Agricultural Bank of China (ABC) 5,000 4 10.59
4 HSBC 3,300 3 6.99
5 Industrial and Commercial Bank of China (ICBC) 3,000 3 6.36

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Jan 2017
1 Haitong Securities Ltd 1,383.79 4 25.02%
2 Guotai Junan Securities Co Ltd 675.24 3 12.21%
3 China Securities Co Ltd 572.35 3 10.35%
4 CITIC Securities 476.38 2 8.61%
5 BNP Paribas 316.68 1 5.73%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 11 Jan 2017
1 Citi 1,872.68 2 18.70%
2 Goldman Sachs 1,493.92 2 14.92%
3 Nomura 998.19 1 9.97%
3 JPMorgan 998.19 1 9.97%
5 Bank of America Merrill Lynch 905.93 2 9.05%

Asian polls & awards

  • China Private Banking Awards 2017

    China’s private banking industry is growing in leaps and bounds. High- and ultra-high-net-worth mainland customers are increasingly mobile, demanding best-in-class service from their financial providers. Banks are adapting to the changing world, rolling out innovative and sophisticated services to their high-end clientele. In recognition of China’s advances in the field, Asiamoney is proud to announce the winners of its awards for best mainland private banks for 2016.

  • Corporate Governance Poll 2016: Time to get serious

    Asia has taken its time in improving corporate governance standards, with experts agreeing on the need for broader action. But Taiwan and Hong Kong firms seem to be moving in the right direction, as shown in the results of this year's Asiamoney Corporate Governance poll. Paolo Danese reports.

  • Best Managed Company Awards 2016: Asia’s finest stand out

    Asiamoney is pleased to present its choices for Asia’s Best Managed Companies in 2016. In a year marked by political and economic upheaval, the region’s best firms and executives impressed on through a combination of factors including financial performance, innovation and strategic execution.

  • Brokers Poll 2016: The right call

    Analysts in Asia are used to dealing with dynamic and unpredictable markets but the events of this year provided a real test of mettle. Against a backdrop of global political upheaval and worsening economic outlook at home, the winners of Asiamoney’s 2016 Brokers Poll have proved they have what it takes to impress their clients.

  • Brokers Poll 2016: HSBC and CLSA take the crown as Asia’s best

    Asia’s brokerages have needed to stay nimble in the face of volatile markets and changing regulation that has tested their industry. HSBC and CLSA are well placed to meet the challenge after coming out top in the Asiamoney Brokers Poll. Peter McGill reports.