The biggest noodle producer in Indonesia PT Indofood Sukses Makmur Tbk and an oil and gas firm PT Medco Energi Internasional have eventually decided to jack-up their rupiah bond as a bigger demand from investor.
Indofood, controlled by Salim family, will lift-up its bond to around Rp1.5 trillion, Rp500 billion higher than its initial plan of Rp1 trillion. An oil and gas company controlled by Panigoro family will elevate its rupiah bond to around Rp1.5 trillion.
"Demand for Indofood's bond is now around Rp1.25 trillion, while investor book Rp1.1 trillion for idr notes issued by Medco," said a source familiar with the matter.
A five-year matured debt of Indofood provides a 13% of annual interest, while three-year and five-year notes of Indofood brings interest rate of 13.375% and 14.25% to investor.
Lead underwriter of Indofood's bond are PT DBS Vickers Securities Indonesia, PT Danareksa Sekuritas, PT ING Securities Indonesia, PT Kim Eng Securities, and PT OSK Nusadana Securities Indonesia.
Indofood will use a cash from bond IV/2009 to refinance its previous debt of Rp976 billion due in July this year. The company's notes has awarded rating of idAA from a local rating agency PT Pemeringkat Efek Indonesia (Pefindo).
Medco is going to utilize its notes to finance its investment and the remaining is for working capital. Pefindo has given rating of AA- for Medco's idr debt. Oil and gas company is helped by joint lead underwriters of PT Bahana Securities, Danareksa Sekuritas, PT Kresna Graha Sekurindo, and PT Andalan Artha Advisindo Sekuritas.
Lead underwriter of Indofood's bond are PT DBS Vickers Securities Indonesia, PT Danareksa Sekuritas, PT ING Securities Indonesia, PT Kim Eng Securities, and PT OSK Nusadana Securities Indonesia.
Indofood will use a cash from bond IV/2009 to refinance its previous debt of Rp976 billion due in July this year. The company's notes has awarded rating of idAA from a local rating agency PT Pemeringkat Efek Indonesia (Pefindo).
Medco is going to utilize its notes to finance its investment and the remaining is for working capital. Pefindo has given rating of AA- for Medco's idr debt. Oil and gas company is helped by joint lead underwriters of PT Bahana Securities, Danareksa Sekuritas, PT Kresna Graha Sekurindo, and PT Andalan Artha Advisindo Sekuritas.
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