Trikomsel Pursuing Debt Restructuring

SINGAPORE (Yosefardi) – Trikomsel Pte. Ltd. is now pursuing the restructuring of its SG$215 million debt. The debt consists of SG$115 million senior fixed rate notes (FRN) with annual coupon rate of 5.25% due this year, and SG$100 million senior fixed rate notes...

Citra Marga In Talks to Acquire META

JAKARTA (Yosefardi) – Toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) is now talk or negotiation with Credit Suisse AG Singapore and 5 local institutions, for acquiring 71% shares of PT Nusantara Infrastructure Tbk (META). Now Credit Suisse holds 43%...

IDX Opens Higher 0.37% Ahead of China Data

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.37% at 4498 this morning inline with regional markets ahead of the release of China data for the fourth quarter of 2015. Asian shares slightly gained in midmorning trade...

IDX Closes Lower 0.94%, Rupiah Rp13,931

JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed lower 0.94% at 4481 Monday (Jan. 18) inline with most markets in region. While China shares edged up Monday following a roller-coaster week, reflecting moves by Chinese...