Bahana Handles IPO and Bond Issuances

Bahana Handles IPO and Bond Issuances

Bahana Sekuritas is handling initial public offering (IPO) and bond issuance from seven companies in the second half of 2017 with a total value of more than IDR 10 trillion. Investors’ interest to buy stocks and bonds is predicted to be quite large in line with Indonesia’s bright economic prospects.

Feb Sumandar, President Director of Bahana Sekuritas, said that the company is the underwriter of Garuda Maintenance Facility Aero Asia (GMF) IPO and three other companies. The company also received the mandate to become the underwriter of bond issuance from three companies. “Indonesia’s stock market is still promising, the index is likely to break the level of 6,300 by the end of this year so that foreign and local investors are still interested in collecting IPO shares,” said Feb.

In the first half of 2017, the company handled the IPO of Totalindo Eka Persada Tbk (TOPS), Integra Indocabinet Tbk (WOOD) and Buyung Poetra Sembada Tbk (HOKI) with a value of around IDR 1 trillion. The company also became the underwriter from 11 companies with a total value of IDR 29.5 trillion. The largest bond issuance handled by the company is Bank Mandiri Tbk (BMRI) shelf-registered bonds worth IDR 6 trillion, followed by Indonesian Export Financing Agency (LPEI) worth IDR 5.2 trillion and Bank Rakyat Indonesia Tbk (BBRI) worth IDR 5 trillion.

“Recently, we are also assisting Kimia Farma Tbk (KAEF) to expand its business to Saudi Arabia, this is a big step for Indonesia. There will be a local company seeking strategic partners in the regional market in the future,“ said Feb. (*)

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