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INDONESIA

BOND
MARKET
DIRECTORY

2010

Indonesia Stock Exchange


Research Division

INDONESIA BOND MARKET DIRECTORY 2010

ISBN : 978-979-95474-4-6

Sanksi Pelanggaran Pasal 44 Undang-undang No. 12 Tahun 1997 tentang Perubahan Atas Undangundang Nomor 6 Tahun 1982 Tentang Hak Cipta sebagaimana telah diubah dengan Undang-undang
Nomor 7 Tahun 1987.
1.

Barang siapa dengan sengaja dan tanpa hak mengumumkan atau memperbanyak suatu ciptaan
atau memberi izin untuk itu, dipidana dengan pidana penjara paling lama 7 (tujuh) tahun
dan/atau denda paling banyak Rp 100.000.000 (seratus juta rupiah)

2.

Barang siapa dengan sengaja menyiarkan, memamerkan, mengedarkan atau menjual kepada
umum suatu ciptaan atau barang hasil pelanggaran Hak Cipta sebagaimana yang dimaksud
dalam ayat (1), dipidana dengan pidana penjara paling lama 5 (lima) tahun dan/atau denda
paling banyak Rp 50.000.000 (lima puluh juta rupiah)

PREFACE
This book is released to publish information about the condition of the Indonesian bond market in 2009 and 1st
Semester of 2010. Bond Book contents statistical data of listed bonds transaction and information of the bond
issuing companies.
We really hope that this book can give a useful information to the public about bond market condition in
Indonesia in 2009 and 1st Semester of 2010. At last, we thanks to all parties that gives support to the completion
of this book.

Jakarta, August 2010

CONTENTS
Page
FOREWARDS
GOVERNMENT SECURITIES .............................................................................................................................................................................................................................................

CORPORARE BONDS
No. CODE COMPANY NAME

Page

1.

ADHI

ADHI KARYA (PERSERO) TBK

2.

ADMF

ADIRA DINAMIKA MULTIFINANCE TBK

3.

AGII

ANEKA GAS INDUSTRI

4.

AIRJ

THAMES PAM JAYA

5.
6.

............................................................................................................................................................................................................

30

.......................................................................................................................................................................................

34

.............................................................................................................................................................................................................................

38

.....................................................................................................................................................................................................................................

40

APEX

APEXINDO PRATAMA DUTA TBK ......................................................................................................................................................................................................

44

APOL

ARPENI PRATAMA OCEAN LINE TBK

..........................................................................................................................................................................................

48

7.

ASDF

ASTRA SEDAYA FINANCE

.....................................................................................................................................................................................................................

52

8.

BASS

BAHTERA ADIMINA SAMUDRA TBK

9.

BBMI

BANK SYARIAH MUAMALAT INDONESIA TBK

10.

BBNI

11.

BBRI

12.

BBTN

BANK TABUNGAN NEGARA (PERSERO)

13.

BCAF

BCA FINANCE

14.

BDKI

BANK DKI (BPD DKI)

15.

BDMN

BANK DANAMON INDONESIA TBK

.................................................................................................................................................................................................

84

16.

BEXI

LEMBAGA PEMBIAYAAN EKSPOR INDONESIA ....................................................................................................................................................................

86

17.

BFIN

BFI FINANCE INDONESIA TBK

...........................................................................................................................................................................................................

90

18.

BFNC

BHAKTI FINANCE

...........................................................................................................................................................................................................................................

92

19.

BJBR

BANK JABAR BANTEN

20.

BLAM

BANK LAMPUNG (BPD LAMPUNG)

21.

BLTA

BERLIAN LAJU TANKER TBK

22.

BMRI

BANK MANDIRI (PERSERO) TBK ....................................................................................................................................................................................................... 106

23.

BNIS

BNI SECURITIES

24.

BNLI

BANK PERMATA TBK

25.

BSDE

BUMI SERPONG DAMAI TBK

26.

BSEC

BHAKTI SECURITIES

27.

BSLT

BANK SULUT (BPD SULAWESI UTARA)

28.

BTEL

BAKRIE TELECOM TBK

29.

BTPN

BANK TABUNGAN PENSIUNAN NASIONAL TBK .................................................................................................................................................................. 120

30.

BVIC

BANK VICTORIA INTERNATIONAL TBK

31.

CLPK

CILIANDRA PERKASA

32.

DNRK

DANAREKSA (PERSERO)

33.

DUTI

DUTA PERTIWI TBK

34.

ELTY

BAKRIELAND DEVELOPMENT TBK

35.

EXCL

EXCELCOMINDO PRATAMA TBK

36.

FIFA

FEDERAL INTERNATIONAL FINANCE

37.

FREN

MOBILE-8 TELECOM TBK

38.

IATG

INFOASIA TEKNOLOGI GLOBAL TBK

39.

IMFI

INDOMOBIL FINANCE INDONESIA

40.

INDF

INDOFOOD SUKSES MAKMUR TBK

41.

INKP

INDAH KIAT PULP & PAPER TBK

..............................................................................................................................................................................................

62

......................................................................................................................................................................

64

BANK NEGARA INDONESIA (PERSERO) TBK

......................................................................................................................................................................

66

BANK RAKYAT INDONESIA (PERSERO) TBK

........................................................................................................................................................................

68

..................................................................................................................................................................................

70

...................................................................................................................................................................................................................................................

76

....................................................................................................................................................................................................................................

...............................................................................................................................................................................................................................

82

94

.................................................................................................................................................................................................

98

...............................................................................................................................................................................................................

100

.............................................................................................................................................................................................................................................
.................................................................................................................................................................................................................................

108
110

...............................................................................................................................................................................................................

112

..................................................................................................................................................................................................................................

114

.....................................................................................................................................................................................

116

............................................................................................................................................................................................................................

118

......................................................................................................................................................................................

124

................................................................................................................................................................................................................................

126

.......................................................................................................................................................................................................................

128

.....................................................................................................................................................................................................................................

132

...............................................................................................................................................................................................

134

....................................................................................................................................................................................................

138

.........................................................................................................................................................................................

140

.......................................................................................................................................................................................................................

146

...........................................................................................................................................................................................

148

.................................................................................................................................................................................................

150

..............................................................................................................................................................................................

152

.....................................................................................................................................................................................................

156

42.

ISAT

INDOSAT TBK

43.

JPFA

JAPFA COMFEED IDONESIA TBK

44.

JPRO

JAKARTA PROPERTINDO

45.

JSMR

JASA MARGA (PERSERO) TBK

46.

LPPI

LONTAR PAPYRUS PULP & PAPER INDUSTRY

47.

LTLS

LAUTAN LUAS TBK

48.

MAIN

MALINDO FEEDMILL TBK

.......................................................................................................................................................................................................................

178

49.

MAPI

MITRA ADIPERKASA TBK

.......................................................................................................................................................................................................................

180

...................................................................................................................................................................................................................................................

158

...................................................................................................................................................................................................

166

......................................................................................................................................................................................................................

168

..........................................................................................................................................................................................................

170

.................................................................................................................................................................

174

.......................................................................................................................................................................................................................................

176

50.

MAYA

BANK MAYAPADA INTERNASIONAL TBK

51.

MEDC

MEDCO ENERGI INTERNASIONAL TBK

52.

MEGA

BANK MEGA TBK

53.

MLSS

MULIAGLASS

54.

MPPA

MATAHARI PUTRA PRIMA TBK

55.

MTDL

METRODATA ELECTRONIC TBK

56.

MYOR MAYORA INDAH TBK

57.

NISP

BANK OCBC NISP TBK

58.

OTMA

OTO MULTIARTHA

59.

PANS

PANIN SEKURITAS TBK

60.

PIDL

PINDO DELI PULP AND PAPER MILLS

61.

PJAA

PEMBANGUNAN JAYA ANCOL TBK

62.

PLJA

PAM LYONNAISE JAYA

63.

PNBN

BANK PAN INDONESIA TBK

64.

PPGD

PERUM PEGADAIAN

65.

PPKT

PUPUK KALIMANTAN TIMUR

66.

PPLN

PERUSAHAAN LISTRIK NEGARA (PERSERO)

67.

PTPN

68.

PTPV

69.

PVII

PERKEBUNAN NUSANTARA VII (PERSERO)

70.

PWON PAKUWON JATI TBK

71.

RICY

RICKY PUTRA GLOBALINDO TBK

72.

RMBA

BENTOEL INTERNATIONAL INVESTAMA TBK

73.

RUIS

RADIANT UTAMA INTERINSCO TBK

74.

SCTV

SURYA CITRA TELEVISI

75.

SIMP

SALIM IVOMAS PRATAMA ....................................................................................................................................................................................................................... 262

76.

SMFP

SARANA MULTIGRIYA FINANSIAL (PERSERO)

77.

SMRA

SUMMARECON AGUNG TBK

78.

SMSF

SINAR MITRA SEPADAN FINANCE

79.

SOFN

SUMMIT OTO FINANCE

80.

TKIM

PABRIK KERTAS TJIWI KIMIA TBK

.................................................................................................................................................................................................

276

.................................................................................................................................................................................

184

.....................................................................................................................................................................................

188

...........................................................................................................................................................................................................................................

192

.....................................................................................................................................................................................................................................................

194

..........................................................................................................................................................................................................

196

....................................................................................................................................................................................................

200

..................................................................................................................................................................................................................................

202

..............................................................................................................................................................................................................................

204

........................................................................................................................................................................................................................................

206

...........................................................................................................................................................................................................................

212

........................................................................................................................................................................................

214

...............................................................................................................................................................................................

216

.............................................................................................................................................................................................................................

218

.................................................................................................................................................................................................................

220

...................................................................................................................................................................................................................................

224

...............................................................................................................................................................................................................

232

.....................................................................................................................................................................

234

PERKEBUNAN NUSANTARA III (PERSERO)

...........................................................................................................................................................................

244

PERKEBUNAN NUSANTARA V (PERSERO)

............................................................................................................................................................................

248

.........................................................................................................................................................................

250

...................................................................................................................................................................................................................................

256

...................................................................................................................................................................................................

254

......................................................................................................................................................................

256

.............................................................................................................................................................................................

258

..........................................................................................................................................................................................................................

260

....................................................................................................................................................................

264

...............................................................................................................................................................................................................

268

..................................................................................................................................................................................................

270

............................................................................................................................................................................................................................

272

81.

TPNI

TITAN PETROKIMIA NUSANTARA

...................................................................................................................................................................................................

278

82.

TRIM

TRIMEGAH SECURITIES TBK

.............................................................................................................................................................................................................

280

83.

TRJE

TRUBA JAYA ENGINEERING

...............................................................................................................................................................................................................

282

84.

TUFI

TUNAS FINANCINDO SARANA

85.

WOMF WAHANA OTTOMITRA MULTIARTHA TBK

...........................................................................................................................................................................................................
...............................................................................................................................................................................

284
288

FOREWORDS
This publication is designated as a service to domestic investors and other capital market participants, as part of the
nation-wide efforts in educating and improving the dissemination of capital market information. These efforts are
important in carrying out the task of expanding the domestic investor base.
To improve the future editions of this publication, the readers comments and feedback would be highly appreciated.
Jakarta, August 2010
Research Division
Indonesia Stock Exchange

2010 Indonesia Stock Exchange. All rights reserved.

Disclaimer :
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or
of the institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be
by any person relied upon as the basis for taking any action or making any decision. The Indonesia Stock Exchange cannot be held liable or otherwise responsible in anyway for any
advice action taken or decision made on the basis of the facts and opinions stated or expressed or stated within this publication.

GOVERNMENT BONDS

MINISTRY OF FINANCE, REPUBLIC OF INDONESIA


GOVERNMENT BOND
Issuer

: Ministry of Finance, Republic of Indonesia

Phone

: (62-021) 381-0175

Direktorat Pengelolaan Surat Utang Negara (DPSUN)


Website : http://www.dmo.or.id
Profile : Fundamental Duty of Directorat Management of Government Securities Management is executing formula of policy,
development, and implementing in bond management area. Bond management including issuing, sale, redemption
obligation accountancy and administration, and operation of risk of portofolio obligation, and also development of
obligation market, pursuant to technical policy which specified by Minister for Finance and current law and regulation.
Directorat Management of Government Securities Management have a purpose to realize bond institution which reliable
State, transparent, and accountable in interest expenses minimization effort on a long term at risk storey level able to be
controlled
As of June 2010

FIXED RATE
Listing
Date

Maturity
Date

Coupon

Obligasi Pemerintah Tahun 2002 Seri FR0013

03-Dec-02

15-Sep-10

15.43%

FR0014

Obligasi Pemerintah Tahun 2002 Seri FR0014

03-Dec-02

15-Nov-10

FR0015

Obligasi Pemerintah Tahun 2002 Seri FR0015

03-Dec-02

15-Feb-11

FR0016

Obligasi Pemerintah Tahun 2002 Seri FR0016

03-Dec-02

5.

FR0017

Obligasi Pemerintah Tahun 2002 Seri FR0017

6.

FR0018

7.

No.

CODE

1.

FR0013

2.
3.
4.

NAME

Coupon
Period

Nominal Value (Rp)

4 months

4,630,601,000,000

15.58%

4 months

1,180,947,000,000

13.40%

4 months

5,478,938,000,000

15-Aug-11

13.45%

4 months

4,108,937,000,000

03-Dec-02

15-Jan-12

13.15%

4 months

7,983,063,000,000

Obligasi Pemerintah Tahun 2002 Seri FR0018

03-Dec-02

15-Jul-12

13.18%

4 months

5,556,062,000,000

FR0019

Obligasi Pemerintah Tahun 2002 Seri FR0019

03-Dec-02

15-Jun-13

14.25%

4 months

11,673,341,000,000

8.

FR0020

Obligasi Pemerintah Tahun 2002 Seri FR0020

03-Dec-02

15-Dec-13

14.28%

4 months

10,863,341,000,000

9.

FR0021

Obligasi Negara RI Seri FR0021

27-Dec-02

15-Dec-10

14.50%

4 months

2,226,000,000,000

10.

FR0022

Obligasi Negara RI Seri FR0022

10-Apr-03

15-Sep-11

12.00%

4 months

6,802,000,000,000
14,970,500,000,000

11.

FR0023

Obligasi Negara RI Seri FR0023

11-Sep-03

15-Dec-12

11.00%

4 months

12.

FR0024

Obligasi Negara RI Seri FR0024

06-Nov-03

15-Oct-10

12.00%

6 months

4,305,000,000,000

13.

FR0025

Obligasi Negara RI Seri FR0025

29-Apr-04

15-Oct-11

10.00%

6 months

6,528,000,000,000

14.

FR0026

Obligasi Negara RI Seri FR0026

27-Aug-04

15-Oct-14

11.00%

6 months

13,632,000,000,000

15.

FR0027

Obligasi Negara RI Seri FR0027

28-Jan-05

15-Jun-15

9.50%

6 months

18,339,000,000,000

16.

FR0028

Obligasi Negara RI Seri FR0028

24-Feb-05

15-Jul-17

10.00%

6 months

14,325,000,000,000

17.

FR0030

Obligasi Negara RI Seri FR0030

20-May-05

15-May-16

10.75%

6 months

11,560,000,000,000

18.

FR0031

Obligasi Negara RI Seri FR0031

17-Jun-05

15-Nov-20

11.00%

6 months

17,899,000,000,000

19.

FR0032

Obligasi Negara RI Seri FR0032

06-Sep-05

15-Jul-18

15.00%

6 months

1,560,000,000,000

20.

FR0033

Obligasi Negara RI Seri FR0033

27-Jan-06

15-Mar-13

12.50%

6 months

9,764,000,000,000

21.

FR0034

Obligasi Negara RI Seri FR0034

27-Jan-06

15-Jun-21

12.80%

6 months

16,759,000,000,000

22.

FR0035

Obligasi Negara RI Seri FR0035

17-Feb-06

15-Jun-22

12.90%

6 months

11,025,000,000,000

23.

FR0036

Obligasi Negara RI Seri FR0036

20-Apr-06

15-Sep-19

11.50%

6 months

10,860,000,000,000

24.

FR0037

Obligasi Negara RI Seri FR0037

19-May-06

15-Sep-26

12.00%

6 months

2,450,000,000,000

25.

FR0038

Obligasi Negara RI Seri FR0038

25-Aug-06

15-Aug-18

11.60%

6 months

3,083,000,000,000

26.

FR0039

Obligasi Negara RI Seri FR0039

25-Aug-06

15-Aug-23

11.75%

6 months

4,175,000,000,000

27.

FR0040

Obligasi Negara RI Seri FR0040

22-Sep-06

15-Sep-25

11.00%

6 months

26,474,000,000,000

28.

FR0042

Obligasi Negara RI Seri FR0042

26-Jan-07

15-Jul-27

10.25%

6 months

14,876,000,000,000

29.

FR0043

Obligasi Negara RI Seri FR0043

23-Feb-07

15-Jul-22

10.25%

6 months

14,417,000,000,000

30.

FR0044

Obligasi Negara RI Seri FR0044

20-Apr-07

15-Sep-24

10.00%

6 months

18,054,000,000,000

31.

FR0045

Obligasi Negara RI Seri FR0045

25-May-07

15-May-37

9.75%

6 months

6,400,000,000,000

32.

FR0046

Obligasi Negara RI Seri FR0046

20-Jul-07

15-Jul-23

9.50%

6 months

16,855,000,000,000

33.

FR0047

Obligasi Negara RI Seri FR0047

31-Aug-07

15-Feb-28

10.00%

6 months

20,840,000,000,000

34.

FR0048

Obligasi Negara RI Seri FR0048

28-Sep-07

15-Sep-18

9.00%

6 months

5,691,000,000,000

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Listing
Date

Maturity
Date

Coupon
Period

No.

CODE

35.

FR0049

Obligasi Negara RI Seri FR0049

15-Feb-08

15-Sep-13

9.00%

6 months

5,108,000,000,000

36.

FR0050

Obligasi Negara RI Seri FR0050

25-Jan-08

15-Jul-38

10.50%

6 months

12,686,000,000,000

37.

FR0051

Obligasi Negara RI Seri FR0051

16-Jan-09

15-May-14

11.25%

6 months

2,525,000,000,000

38.

FR0052

Obligasi Negara RI Seri FR0052

21-Aug-09

15-Aug-30

10.50%

6 months

NAME

Coupon

Nominal Value (Rp)

23,500,000,000,000

TOTAL FIXED RATE

389,163,730,000,000

VARIABEL RATE
Listing
Date

Maturity
Date

Obligasi Pemerintah Tahun 1999 Seri VR0017

25-Nov-02

25-Jun-11

SBI 3

6 months

Obligasi Pemerintah Tahun 1999 Seri VR0018

25-Nov-02

25-Oct-12

SBI 3

6 months

4,376,483,000,000

VR0019

Obligasi Pemerintah Tahun 2002 Seri VR0019

03-Dec-02

25-Dec-14

SBI 3

6 months

13,856,226,000,000

4.

VR0020

Obligasi Pemerintah Tahun 2002 Seri VR0020

03-Dec-02

25-Apr-15

SBI 3

6 months

9,899,007,000,000

5.

VR0021

Obligasi Pemerintah Tahun 2002 Seri VR0021

03-Dec-02

25-Nov-15

SBI 3

6 months

7,546,328,000,000

6.

VR0022

Obligasi Pemerintah Tahun 2002 Seri VR0022

03-Dec-02

25-Mar-16

SBI 3

6 months

9,666,749,000,000

7.

VR0023

Obligasi Pemerintah Tahun 2002 Seri VR0023

03-Dec-02

25-Oct-16

SBI 3

6 months

8,652,056,000,000

8.

VR0024

Obligasi Pemerintah Tahun 2002 Seri VR0024

03-Dec-02

25-Feb-17

SBI 3

6 months

9,909,300,000,000

9.

VR0025

Obligasi Pemerintah Tahun 2002 Seri VR0025

03-Dec-02

25-Sep-17

SBI 3

6 months

6,909,300,000,000

10.

VR0026

Obligasi Pemerintah Tahun 2002 Seri VR0026

03-Dec-02

25-Jan-18

SBI 3

6 months

5,442,142,000,000

11.

VR0027

Obligasi Pemerintah Tahun 2002 Seri VR0027

03-Dec-02

25-Jul-18

SBI 3

6 months

5,442,142,000,000

12.

VR0028

Obligasi Pemerintah Tahun 2002 Seri VR0028

03-Dec-02

25-Aug-18

SBI 3

6 months

7,033,994,000,000

13.

VR0029

Obligasi Pemerintah Tahun 2002 Seri VR0029

03-Dec-02

25-Aug-19

SBI 3

6 months

12,212,320,000,000

No.

CODE

1.

VR0017

2.

VR0018

3.

NAME

Coupon
Period

Coupon

Nominal Value (Rp)


1,123,666,000,000

14.

VR0030

Obligasi Pemerintah Tahun 2002 Seri VR0030

03-Dec-02

25-Dec-19

SBI 3

6 months

10,503,015,000,000

15.

VR0031

Obligasi Pemerintah Tahun 2002 Seri VR0031

03-Dec-02

25-Jul-20

SBI 3

6 months

25,322,354,000,000

16.

VR0032

Obligasi Negara RI Seri VR0032

18-Apr-08

25-Apr-11

SBI 3

6 months

5,000,000,000,000

TOTAL VARIABEL RATE

142,895,082,000,000

ZERO COUPON
No.

CODE

1.

ZC0003

2.

ZC0005

Listing
Date

Maturity
Date

Obligasi Negara RI Seri ZC0003

23-Nov-07

20-Nov-12

1,417,000,000,000

Obligasi Negara RI Seri ZC0005

01-Feb-08

20-Feb-13

1,263,000,000,000

NAME

Coupon
Period

Coupon

TOTAL ZERO COUPON

Nominal Value (Rp)

2,680,000,000,000

RETAIL

NAME

Listing
Date

Maturity
Date

Coupon

Coupon
Period

No.

CODE

Nominal Value (Rp)

1.

ORI003

Obligasi Negara RI Seri ORI003

13-Sep-07

12-Sep-11

9.40%

monthly

9,023,695,000,000

2.

ORI004

Obligasi Negara RI Seri ORI004

13-Mar-08

12-Mar-12

9.50%

monthly

13,265,765,000,000

3.

ORI005

Obligasi Negara RI Seri ORI005

04-Sep-08

15-Sep-13

11.45%

monthly

2,708,875,000,000

4.

ORI006

Obligasi Negara RI Seri ORI006

13-Aug-09

15-Aug-12

9.35%

monthly

8,408,730,000,000

TOTAL RETAIL

33,407,065,000,000

TOTAL

568,145,877,000,000

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

GOVERNMENT SHARIA BONDS


FIXED RATE
No.

CODE

NAME

Listing
Date

Maturity
Date

Coupon

15-Aug-15

11.80%

6 months

2,714,700,000,000

Coupon
Period

Nominal Value (Rp)

1.

IFR0001

Surat Berharga Syariah Negara RI Seri IFR-0001

27-Aug-08

2.

IFR0002

Surat Berharga Syariah Negara RI Seri IFR-0002

27-Aug-08

15-Aug-18

11.95%

6 months

1,985,000,000,000

3.

IFR0003

Surat Berharga Syariah Negara RI Seri IFR-0003

30-Oct-09

15-Sep-15

9.25%

6 months

2,352,000,000,000

4.

IFR0004

Surat Berharga Syariah Negara RI Seri IFR-0004

13-Nov-09

15-Oct-13

9.00%

6 months

550,000,000,000

5.

IFR0005

Surat Berharga Syariah Negara RI Seri IFR-0005

22-Jan-10

15-Jan-17

9.00%

6 months

431,000,000,000

6.

IFR0006

Surat Berharga Syariah Negara RI Seri IFR-0006

05-Apr-10

15-Apr-30

10.25%

6 months

1,412,000,000,000

7.

IFR0007

Surat Berharga Syariah Negara RI Seri IFR-0007

22-Jan-10

15-Jan-25

10.25%

6 months

1,250,000,000,000

8.

IFR0008

Surat Berharga Syariah Negara RI Seri IFR-0008

16-Apr-10

15-Mar-20

8.80%

6 months

200,000,000,000
10,894,700,000,000

TOTAL FIXED RATE

RETAIL
No.

CODE

1.

SR001

2.

SR002

Listing
Date

Maturity
Date

Coupon

Coupon
Period

Sukuk Negara Ritel Seri SR-001

26-Feb-09

25-Feb-12

12.00%

monthly

Sukuk Negara Ritel Seri SR-002

11-Feb-10

10-Feb-13

8.70%

NAME

Nominal Value (Rp)


5,556,290,000,000

monthly

8,033,860,000,000

TOTAL RETAIL

13,590,150,000,000

TOTAL

24,484,850,000,000

T-BILLS
No.

CODE

NAME

Listing

Maturity
Date
15-Jul-10

Coupon

Coupon
Period

2,000,000,000,000
1,450,000,000,000

Nominal Value (Rp)

1.

SPN100715

Surat Perbendaharaan Negara Seri SPN20100715

Date
17-Jul-09

2.

SPN100902

Surat Perbendaharaan Negara Seri SPN20100902

04-Sep-09

02-Sep-10

3.

SPN101007

Surat Perbendaharaan Negara Seri SPN20101007

09-Oct-09

07-Oct-10

1,200,000,000,000

4.

SPN110113

Surat Perbendaharaan Negara Seri SPN20110113

15
15-Jan-10
Jan 10

13
13-Jan-11
Jan 11

2,150,000,000,000

5.

SPN110210

Surat Perbendaharaan Negara Seri SPN20110210

12-Feb-10

10-Feb-11

3,600,000,000,000

6.

SPN110303

Surat Perbendaharaan Negara Seri SPN20110303

05-Mar-10

03-Mar-11

4,800,000,000,000

7.

SPN110407

Surat Perbendaharaan Negara Seri SPN20110407

09-Apr-10

07-Apr-11

5,470,000,000,000

8.

SPN110505

Surat Perbendaharaan Negara Seri SPN20110505

07-May-10

05-May-11

4,625,000,000,000

9.

SPN110609

Surat Perbendaharaan Negara Seri SPN20110609

11-Jun-10

09-Jun-11

3,300,000,000,000

TOTAL

28,595,000,000,000

GRAND TOTAL

621,225,727,000,000

TRADING HIGHLIGHT
FR0013
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

700

12.5

560

10.0

420

7.5

280

5.0

140

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

6.295 10.357
10.322
31-Mar 29-Jun 30-Sep
6.365 10.396
10.491
10.272
6.261 10.269
10.329
6.281 10.350
WA1
348
141
627
Volume2
12.2% 54.1% 30.0%
Turnover3
Modified Duration (Yrs): 8.495
Last
Date
High
Low

Q4
5.987
23-Dec
5.987
5.948
5.959
281
24.2%

Q1
8.833
31-Mar
8.866
8.721
8.791
309
26.7%

Q2
2.791
30-Jun
2.791
2.751
2.763
211
18.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0014
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

500

12.5

400

10.0

300

7.5

200

5.0

100

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)*

2010

2009
Q1

Q3

Q2

6.923
7.527
6.768
20-Mar 12-Jun 30-Sep
6.829
6.924
7.568
6.923
7.527
6.737
6.753
6.923
7.531
WA1
2
21
11
351
Volume
7.1%
3.7% 118.8%
Turnover3
Modified Duration (Yrs): 10.060
Last
Date
High
Low

Q4
7.369
29-Dec
7.421
7.313
7.348
125
42.3%

Q1

Q2

6.448
31-Mar
6.448
6.400
6.426
110
37.3%

5.185
30-Jun
5.185
5.136
5.157
118
39.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0015
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

500

12.5

400

10.0

300

7.5

200

5.0

100

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)*

2010

2009
Q1

Q2

Q3

7.557
6.489
7.092
30-Mar 25-Jun 30-Sep
7.557
6.866
7.632
7.126
6.470
7.061
7.196
6.510
7.080
WA1
515
575
730
Volume2
37.6% 42.0% 53.3%
Turnover3
Modified Duration (Yrs): 6.406
Last
Date
High
Low

Q4
6.443
29-Dec
6.459
6.408
6.437
628
45.9%

Q1

Q2

6.926
31-Mar
7.080
6.884
6.906
606
44.3%

6.116
29-Jun
6.116
6.038
6.059
624
45.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0016
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

2,500

12.5

2,000

10.0

1,500

7.5

1,000

5.0

500

2.5

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

7.110
6.493
7.068
25-Mar 25-Jun 28-Sep
7.418
6.702
7.255
7.095
6.464
7.038
7.203
6.511
7.100
WA1
2
1,038
2,333
805
Volume
101%
227%
78%
Turnover3
Modified Duration (Yrs): 7.723
Last
Date
High
Low

Q4
6.476
17-Dec
6.530
6.471
6.482
593
58%

Q1
7.021
29-Mar
7.344
7.002
7.060
218
21%

Q2
6.419
30-Jun
6.448
6.382
6.396
395
38%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 6 Months Payment Period

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0017
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

3,500

12.5

2,800

10.0

2,100

7.5

1,400

5.0

700

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

8.372
6.124
8.281
6.258
8.311
6.145
31-Mar 25-Jun 30-Sep 29-Dec 31-Mar 30-Jun
6.344
8.722
6.187
8.465
6.403
8.658
6.216
8.251
6.136
8.361
6.091
8.240
6.270
8.361
6.154
8.400
6.119
8.276
WA1
1,589
2,721
1,735
2,851
3,220
2,995
Volume2
79.6% 136.3% 86.9% 142.9% 161.3% 150.1%
Turnover3
Modified Duration (Yrs): 3.239
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0018
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

2,000

12.5

1,600

10.0

1,200

7.5

800

5.0

400

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

6.245
8.278
6.135
17-Mar 30-Jun 18-Sep
6.380
8.732
6.402
6.139
8.180
6.030
1
6.280
8.385
6.133
WA
488
610
1,055
Volume2
35.1% 43.9% 75.9%
Turnover3
Modified Duration (Yrs): 3.149
Last
Date
High
Low

Q4

Q1

Q2

8.220
6.101
8.316
30-Dec 31-Mar 30-Jun
8.375
6.230
8.249
8.316
6.066
8.146
8.339
6.098
8.191
1,117
1,609
1,594
80.4% 115.8% 114.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0019
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

7,000

12.5

5,600

10.0

4,200

7.5

2,800

5.0

1,400

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

Q4

6.186
9.464
6.025
9.197
31-Mar 30-Jun 30-Sep 24-Dec
6.283 10.241
6.370 10.389
5.976
9.349
5.985
9.188
6.165
9.444
6.079
9.728
WA1
381
908
2,626
5,272
Volume2
13.1% 31.1% 90.0% 180.7%
Turnover3
Modified Duration (Yrs): 8.952
Last
Date
High
Low

Q1

Q2

9.229
6.004
29-Mar 23-Jun
6.014 10.203
5.964
9.193
5.993
9.308
1,827
6,653
62.6% 228.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 6 Months Payment Period

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0020
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

6.162
9.425
5.995
31-Mar 25-Jun 30-Sep
6.339 10.515
6.200
6.113
9.260
5.975
6.192
9.431
6.068
WA1
431
1,333
4,914
Volume2
16%
49%
181%
Turnover3
Modified Duration (Yrs): 9.643
Last
Date
High
Low

Q4
9.153
28-Dec
10.501
9.142
9.226
3,153
116%

Q1

Q2

5.967
31-Mar
6.319
5.935
5.968
2,895
107%

9.180
30-Jun
10.558
9.072
9.211
3,301
122%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0021
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1,200

12.5

960

10.0

720

7.5

480

5.0

240

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

6.238
9.974
6.158
20-Mar 16-Jun 28-Sep
6.391 10.349
6.158
6.233
9.948
6.119
1
6.301
9.988
6.128
WA
860
999
474
Volume2
154.6% 179.6% 85.2%
Turnover3
Modified Duration (Yrs): 8.053
Last
Date
High
Low

Q4
9.828
21-Dec
9.828
9.754
9.800
526
94.5%

Q1

Q2

5.867
25-Mar
5.904
5.830
5.841
494
88.7%

8.785
25-Jun
9.050
8.667
8.748
218
39.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0022
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

8.926
5.833
5.743
8.699
8.793
5.854
31-Mar 29-Jun 29-Sep 28-Dec 31-Mar 30-Jun
9.199
5.971
9.235
5.964
9.101
5.790
8.835
5.798
8.717
5.719
8.379
5.722
9.014
5.851
8.798
5.789
8.681
5.750
WA1
8,025
7,397
2,442
4,052
4,648
7,058
Volume2
471.9% 435.0% 143.6% 238.3% 273.3% 415.0%
Turnover3
Modified Duration (Yrs): 9.666
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 6 Months Payment Period

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0023
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

5.801
8.397
5.617
31-Mar 30-Jun 30-Sep
5.920
8.835
5.853
5.699
8.262
5.501
5.821
8.485
5.645
WA1
9,260
4,545
7,171
Volume2
247.4% 121.4% 191.6%
Turnover3
Modified Duration (Yrs): 10.988
Last
Date
High
Low

Q4

Q1

Q2

8.110
5.584
31-Dec 31-Mar
8.566
5.610
8.099
5.555
8.209
5.586
2,472
4,457
66.0% 119.1%

8.189
30-Jun
8.717
8.002
8.185
3,265
87.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0024
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1,000

12.5

800

10.0

600

7.5

400

5.0

200

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

8.280
5.970
7.958
31-Mar 24-Jun 28-Sep
8.519
6.015
7.981
8.206
5.970
7.935
1
8.313
5.997
7.953
WA
254
323
517
Volume2
24%
30%
48%
Turnover3
Modified Duration (Yrs): 10.538
Last
Date
High
Low

Q4
5.740
29-Dec
5.821
5.716
5.740
349
32%

Q1

Q2

7.801
31-Mar
7.900
7.746
7.827
700
65%

3.396
29-Jun
3.400
3.374
3.386
872
81%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0025
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

4,500

12.5

3,600

10.0

2,700

7.5

1,800

5.0

900

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

7.571
5.638
7.297
7.224
5.539
31-Mar 25-Jun 30-Sep 30-Dec 31-Mar
7.815
5.718
7.395
5.600
7.354
7.352
5.586
7.199
5.535
7.251
7.601
5.638
7.255
5.563
7.290
WA1
2,328
3,583
2,083
1,655
3,941
Volume2
142.6% 219.6% 127.6% 101.4% 241.5%
Turnover3
Modified Duration (Yrs): 12.141
Last
Date
High
Low

Q2
5.514
28-Jun
5.692
5.354
5.508
1,002
61.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

* Coupon Payment Period every 4 months (see page 1), but Executed Yield calculated based on 6 Months Payment Period
** Coupon Payment Period every 6 months (see page 1)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0026
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

8,000

12.5

6,400

10.0

4,800

7.5

3,200

5.0

1,600

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

8.187
5.805
5.652
7.463
5.716
7.479
31-Mar 30-Jun 30-Sep 30-Dec 31-Mar 30-Jun
8.818
6.074
7.903
5.902
8.052
6.008
7.957
5.749
7.463
5.694
7.415
5.590
8.282
5.895
7.582
5.732
7.516
5.674
WA1
3,920
4,516
4,180
5,243
7,591
4,451
Volume2
115.0% 132.5% 122.7% 153.8% 222.7% 130.6%
Turnover3
Modified Duration (Yrs): 11.746
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0027
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

35,000

12.5

28,000

10.0

21,000

7.5

14,000

5.0

7,000

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

5.680
7.946
5.370
31-Mar 30-Jun 30-Sep
5.925
8.405
5.496
5.410
7.717
5.351
1
5.696
8.063
5.417
WA
4,361
9,292
8,144
Volume2
95%
203%
178%
Turnover3
Modified Duration (Yrs): 11.736
Last
Date
High
Low

Q4
7.627
30-Dec
7.803
7.105
7.622
7,504
164%

Q1

Q2

5.288
31-Mar
5.410
5.264
5.297
22,048
481%

7.398
30-Jun
8.578
7.260
7.474
29,876
652%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0028
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

20,000

12.5

16,000

10.0

12,000

7.5

8,000

5.0

4,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

5.961
7.419
6.948
5.490
5.609
7.357
31-Mar 30-Jun 30-Sep 30-Dec 31-Mar 30-Jun
6.510
8.124
5.960
7.750
5.670
7.258
5.670
7.304
5.600
7.242
5.464
6.832
5.990
7.606
5.687
7.416
5.510
7.018
WA1
9,415 10,576
4,590
7,372 17,937 12,713
Volume2
262.9% 295.3% 128.2% 205.9% 500.9% 355.0%
Turnover3
Modified Duration (Yrs): 3.598
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 1)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0030
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

35,000

12.5

28,000

10.0

21,000

7.5

14,000

5.0

7,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

6.277
6.537
6.341
5.902
5.830
6.203
31-Mar 30-Jun 30-Sep 31-Dec 31-Mar 30-Jun
6.504
7.130
6.264
6.569
6.169
6.678
5.990
6.378
5.695
6.207
5.807
6.120
6.327
6.626
6.043
6.363
5.865
6.256
WA1
5,547 29,279 22,001 12,471
5,788
6,593
Volume2
191.9% 1,013.1% 761.3% 431.5% 200.3% 228.1%
Turnover3
Modified Duration (Yrs): 12.304
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0031
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

40,000

12.5

32,000

10.0

24,000

7.5

16,000

5.0

8,000

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

6.453
6.702
6.045
6.480
5.841
6.131
31-Mar 30-Jun 30-Sep 30-Dec 31-Mar 30-Jun
6.882
7.043
6.192
6.651
6.191
6.984
6.094
6.439
6.014
6.137
5.837
5.977
1
6.444
6.799
6.091
6.505
5.932
6.179
WA
5,192
3,643
2,278
8,541 34,721 28,317
Volume2
116.0% 81.4% 50.9% 190.9% 775.9% 632.8%
Turnover3
Modified Duration (Yrs): 12.027
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0032
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

3,000

12.5

2,400

10.0

1,800

7.5

1,200

5.0

600

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

6.263
8.199
6.180
25-Mar 03-Jun 30-Sep
8.331
6.184
6.263
8.199
6.088
6.555
8.228
6.153
WA1
382
91
264
Volume2
98%
23%
68%
Turnover3
Modified Duration (Yrs): 6.140
Last
Date
High
Low

Q4
8.488
30-Nov
10.850
8.197
9.295
2,819
723%

Q1
5.941
25-Mar
5.941
6.203
1,582
406%

Q2
8.030
02-Jun
8.200
7.780
7.979
1,200
308%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 1)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0033
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

9.147
5.863
8.820
31-Mar 30-Jun 30-Sep
10.247
6.072
9.510
8.988
5.830
8.765
9.222
5.907
8.880
WA1
4,558
4,775
3,968
Volume2
187%
196%
163%
Turnover3
Modified Duration (Yrs): 9.633
Last
Date
High
Low

Q4
5.819
29-Dec
6.075
5.806
5.847
5,000
205%

Q1

Q2

8.649
30-Mar
10.008
8.538
8.651
3,203
131%

5.785
30-Jun
6.000
5.766
5.795
4,117
169%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0034
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

14,000

12.5

11,200

10.0

8,400

7.5

5,600

5.0

2,800

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

6.095
9.071
5.783
8.538
5.596
7.913
31-Mar 30-Jun 30-Sep 30-Dec 31-Mar 29-Jun
6.450 10.067
6.244
9.861
6.130
9.670
5.856
8.703
5.747
8.454
5.582
7.811
1
6.131
9.174
5.828
8.592
5.690
8.117
WA
10,529
7,613
8,121 13,500
7,638
7,999
Volume2
251.3% 181.7% 193.8% 322.2% 182.3% 190.9%
Turnover3
Modified Duration (Yrs): 10.285
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0035
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

6.136
9.146
5.799
31-Mar 26-Jun 30-Sep
6.399
9.622
6.022
5.925
8.798
5.779
6.211
9.205
5.858
WA1
5,727
2,899
3,255
Volume2
207.8% 105.2% 118.1%
Turnover3
Modified Duration (Yrs): 9.363
Last
Date
High
Low

Q4

Q1

Q2

8.560
5.606
7.983
24-Dec 31-Mar 30-Jun
8.784
6.148
9.722
8.536
5.588
7.811
8.592
5.672
8.052
1,677
2,998
4,008
60.8% 108.8% 145.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 1)

10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0036
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

18,000

12.5

14,400

10.0

10,800

7.5

7,200

5.0

3,600

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

9.308
5.803
8.407
5.665
7.926
5.421
31-Mar 30-Jun 30-Sep 30-Dec 31-Mar 30-Jun
9.900
6.307
8.959
5.878
8.844
5.758
8.504
5.680
8.337
5.605
7.707
5.345
9.340
5.800
8.560
5.682
8.114
5.466
WA1
12,107 15,379 13,921 12,963 11,054
6,725
Volume2
445.9% 566.4% 512.8% 477.4% 407.1% 247.7%
Turnover3
Modified Duration (Yrs): 9.749
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0037
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

600

12.5

480

10.0

360

7.5

240

5.0

120

2.5
-

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

9.859
5.991
13-Feb 30-Jun
9.859
6.035
8.769
5.817
1
9.238
5.888
WA
174
99
Volume2
28%
16%
Turnover3
Modified Duration (Yrs): 11.004

Q4
5.751
- 09-Dec
5.795
5.718
5.761
340
56%

Last
Date
High
Low

Q1

Q2

8.103
22-Mar
8.431
8.103
8.250
110
18%

5.479
22-Jun
5.592
5.454
5.525
463
76%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0038
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

3,000

12.5

2,400

10.0

1,800

7.5

1,200

5.0

600

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

6.988
6.196
6.531
31-Mar 30-Jun 24-Sep
7.247
6.595
6.871
6.742
6.143
6.514
7.058
6.305
6.621
WA1
1,750
2,469
320
Volume2
227%
320%
42%
Turnover3
Modified Duration (Yrs): 8.434
Last
Date
High
Low

Q4
6.066
14-Dec
6.137
6.046
6.097
1,386
180%

Q1
6.323
25-Mar
6.510
6.320
6.392
1,148
149%

Q2
5.813
30-Jun
6.485
5.724
5.847
1,955
254%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 1)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

11

TRADING HIGHLIGHT
FR0039
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

3,500

12.5

2,800

10.0

2,100

7.5

1,400

5.0

700

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

7.104
6.264
6.629
6.168
6.364
27-Mar 01-Jun 30-Sep 30-Dec 30-Mar
7.549
6.527
6.805
6.199
6.570
6.926
6.264
6.479
6.089
6.326
7.042
6.434
6.656
6.144
6.411
WA1
236
172
952
2,872
1,837
Volume2
22.6% 16.5% 91.2% 275.2% 176.0%
Turnover3
Modified Duration (Yrs): 7.059
Last
Date
High
Low

5.781
23-Jun
6.404
5.779
5.931
469
44.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0040
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

45,000

12.5

36,000

10.0

27,000

7.5

18,000

5.0

9,000

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

2010
Q3

Q2

Q4

Q1

Q2

9.349
6.000
8.516
5.686
7.976
5.433
27-Mar 22-Jun 30-Sep 29-Dec 31-Mar 30-Jun
10.355
6.098
9.142
6.742 11.441
6.719
8.660
5.708
8.105
5.512
7.789
5.353
1
9.288
5.936
8.787
5.717
8.229
5.461
WA
1,102
541
2,123
7,364 19,089 42,184
Volume2
16.7%
8.2% 32.1% 111.3% 288.4% 637.4%
Turnover3
Modified Duration (Yrs): 9.893
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0042
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

20,000

12.5

16,000

10.0

12,000

7.5

8,000

5.0

4,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

6.228
8.261
5.838
27-Mar 30-Jun 30-Sep
6.588
6.570
8.917
5.870
7.479
5.803
6.224
8.081
5.967
WA1
613
928
903
Volume2
16%
25%
24%
Turnover3
Modified Duration (Yrs): 3.548
Last
Date
High
Low

Q4
7.759
29-Dec
8.271
7.386
7.769
2,529
68%

Q1
5.693
31-Mar
6.187
5.677
5.741
7,504
202%

Q2
7.329
30-Jun
8.753
7.109
7.371
17,845
480%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 1)

12

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0043
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

15,000

12.5

12,000

10.0

9,000

7.5

6,000

5.0

3,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

6.142
8.124
5.823
27-Mar 23-Jun 30-Sep
9.144
5.976
6.637
7.201
5.787
5.655
6.149
7.840
5.877
WA1
1,222
1,286
5,958
Volume2
34%
36%
165%
Turnover3
Modified Duration (Yrs): 3.626
Last
Date
High
Low

Q4
7.693
29-Dec
10.111
7.294
7.713
4,261
118%

Q1

Q2

5.574
31-Mar
6.960
5.559
5.705
13,730
381%

7.085
30-Jun
7.488
6.936
7.159
4,199
117%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0044
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

35,000

12.5

28,000

10.0

21,000

7.5

14,000

5.0

7,000

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

9.477
5.872
8.219
5.667
7.798
31-Mar 30-Jun 30-Sep 30-Dec 31-Mar
10.424
6.130
8.955
7.471
8.296
8.925
5.201
7.670
5.414
7.798
1
9.477
5.855
8.617
5.665
8.066
WA
1,152 29,523 14,578 10,620
8,537
Volume2
25.5% 654.1% 323.0% 235.3% 189.1%
Turnover3
Modified Duration (Yrs): 9.774
Last
Date
High
Low

5.378
30-Jun
5.929
5.308
5.428
3,527
78.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0045
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1,800

12.5

1,440

10.0

1,080

7.5

720

5.0

360

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

6.516
7.010
6.127
31-Mar 30-Jun 30-Sep
7.024
7.130
6.496
6.265
6.789
5.847
6.651
6.988
6.304
WA1
122
88
543
Volume2
8%
6%
34%
Turnover3
Modified Duration (Yrs): 11.732
Last
Date
High
Low

Q4
6.233
17-Dec
6.810
5.870
6.441
649
41%

Q1
6.039
31-Mar
6.474
5.849
6.057
968
61%

Q2
6.336
30-Jun
7.043
6.146
6.370
1,491
93%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 1)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

13

TRADING HIGHLIGHT
FR0046
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

6.215
8.012
5.600
7.639
5.533
7.046
31-Mar 18-Jun 30-Sep 29-Dec 31-Mar 30-Jun
6.560
8.702
5.974
8.441
5.730
7.525
5.527
7.130
5.431
7.024
5.390
6.463
6.180
7.770
5.822
7.554
5.631
7.049
WA1
5,981
3,107
2,956
4,392
9,086
7,795
Volume2
141.9% 73.7% 70.2% 104.2% 215.6% 185.0%
Turnover3
Modified Duration (Yrs): 3.558
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0047
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

35,000

12.5

28,000

10.0

21,000

7.5

14,000

5.0

7,000

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

7.129
6.326
6.542
31-Mar 30-Jun 30-Sep
7.585
6.513
6.999
6.301
5.791
5.841
1
7.070
6.268
6.689
WA
4,580
5,006 11,383
Volume2
88%
96%
218%
Turnover3
Modified Duration (Yrs): 7.086
Last
Date
High
Low

Q4
6.082
29-Dec
7.413
5.815
6.100
9,412
181%

Q1

Q2

6.354
31-Mar
8.209
6.320
6.452
12,452
239%

5.858
30-Jun
6.161
5.117
5.863
31,812
611%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0048
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

8.515
5.611
7.869
31-Mar 24-Jun 16-Sep
9.206
6.137
9.500
8.020
5.427
7.450
8.758
5.594
7.866
WA1
654
1,186
1,174
Volume2
46%
83%
83%
Turnover3
Modified Duration (Yrs): 10.741
Last
Date
High
Low

Q4
5.208
24-Dec
5.460
5.208
5.398
634
45%

Q1
7.319
31-Mar
7.731
7.313
7.470
5,172
364%

Q2
5.161
30-Jun
5.401
5.106
5.218
3,734
262%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 1)

14

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0049
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

8,000

12.5

6,400

10.0

4,800

7.5

3,200

5.0

1,600

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

7.889
5.297
7.444
31-Mar 29-Jun 30-Sep
8.296
5.554
7.628
7.623
5.272
7.364
7.896
5.384
7.491
WA1
4,419
7,209
2,760
Volume2
346%
565%
216%
Turnover3
Modified Duration (Yrs): 10.691
Last
Date
High
Low

Q4
5.253
30-Dec
5.319
5.206
5.278
3,304
259%

Q1

Q2

7.209
31-Mar
8.997
7.155
7.257
949
74%

5.184
30-Jun
5.246
5.132
5.180
1,125
88%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0050
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

8,000

12.5

6,400

10.0

4,800

7.5

3,200

5.0

1,600

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

6.271
8.358
5.942
23-Mar 29-Jun 30-Sep
6.513
8.569
6.141
6.233
7.631
5.811
1
6.266
8.367
6.036
WA
53
472
1,178
Volume2
1%
12%
31%
Turnover3
Modified Duration (Yrs): 4.242
Last
Date
High
Low

Q4
7.871
23-Dec
8.167
7.738
7.883
1,246
33%

Q1

Q2

5.785
31-Mar
6.008
5.785
5.850
3,246
85%

7.489
30-Jun
8.344
7.353
7.440
6,909
181%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FR0051
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

6.295
6.601
6.000
6.416
31-Mar 30-Jun 30-Sep 24-Dec
6.473
6.842
6.287
6.725
6.219
6.496
5.987
6.413
6.325
6.642
6.028
6.457
WA1
5,057
4,184
2,900
1,415
Volume2
801.1% 662.8% 459.4% 224.1%
Turnover3
Modified Duration (Yrs): 11.997
Last
Date
High
Low

Q1
5.972
29-Mar
6.005
5.947
5.970
507
80.3%

Q2
6.393
30-Jun
6.480
6.331
6.391
441
69.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 2)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

15

TRADING HIGHLIGHT
FR0052
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

70,000

12.5

56,000

10.0

42,000

7.5

28,000

5.0

14,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

N/A
N/A
6.612
N/A
N/A 30-Sep
N/A
N/A
6.880
N/A
N/A
6.494
N/A
N/A
6.773
WA1
N/A
N/A
4,663
Volume2
N/A
N/A 79.4%
Turnover3
Modified Duration (Yrs): 7.160
Last
Date
High
Low

Q4

Q1

Q2

5.857
6.096
6.420
29-Dec 31-Mar 30-Jun
6.216
6.614
6.062
6.019
6.406
5.750
6.110
6.492
5.913
5,230 31,153 61,429
89.0% 530.3% 1,045.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

VR0017
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2,500

12.5

2,000

10.0

1,500

7.5

1,000

5.0

500

2.5
-

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

4.518
6.289
4.479
31-Mar 19-May 16-Sep
4.804
6.467
4.521
4.477
5.886
4.205
1
4.575
6.270
4.475
WA
2,024
438
324
Volume2
720%
156%
115%
Turnover3
Modified Duration (Yrs): 3.530
Last
Date
High
Low

Q4
6.334
24-Dec
6.344
5.686
6.199
1,455
518%

Q1

Q2

4.472
24-Mar
4.472
4.401
4.401
218
78%

6.330
30-Apr
6.427
5.717
6.292
249
89%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

VR0018
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

140

12.5

112

10.0

84

7.5

56

5.0

28

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)**

2009
Q1

Q2

4.687
- 17-Jun
4.687
4.591
4.644
WA1
122
Volume2
11%
Turnover3
Modified Duration (Yrs): 16.833
Last
Date
High
Low

2010
Q3

Q4

4.745
4.615
13-Jul 07-Dec
4.745
4.615
4.745
4.323
4.745
4.610
20
122
2%
11%

Q1
5.146
25-Feb
5.146
5.145
5.145
20
1.8%

Q2
4.637
21-Jun
4.639
4.637
4.638
2
0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 2)

16

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
VR0019
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

4.504
6.375
4.474
31-Mar 30-Jun 18-Sep
4.599
6.973
4.514
4.470
5.446
4.083
4.478
6.367
4.506
WA1
4,646
5,287
3,631
Volume2
134.1% 152.6% 104.8%
Turnover3
Modified Duration (Yrs): 15.272
Last
Date
High
Low

Q4
6.303
28-Dec
6.322
6.230
6.315
1,296
37.4%

Q1

Q2

6.391
4.473
23-Mar 25-Jun
4.512
7.081
4.473
6.286
4.509
6.409
2,748
7,697
79.3% 222.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

VR0020
No Transaction in the Year of 2009 and Q1-Q2 2010
VR0021
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000
2
000

2.5
25

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

4.552
5.113
- 11-Jun 18-Sep
5.165
4.552
5.113
4.552
5.139
4.552
WA1
16
33
Volume2
0 8%
1 7%
0.8%
1.7%
Turnover3
Modified Duration (Yrs): 6.947
Last
Date
High
Low

Q4
5.150
03-Nov
5.150
5.150
5.150
146
7 7%
7.7%

Q1

Q2
5.107
- 03-Jun
5.122
5.103
5.112
9,200
487 7%
- 487.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 2)


VR0022
No Transaction in the Year of 2009 and Q1-Q2 2010
VR0023
No Transaction in the Year of 2009 and Q1-Q2 2010
VR0024
No Transaction in the Year of 2009 and Q1-Q2 2010
VR0025
No Transaction in the Year of 2009 and Q1-Q2 2010
VR0026
No Transaction in the Year of 2009 and Q1-Q2 2010

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

17

TRADING HIGHLIGHT
VR0027
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12.5

12.5

10.0

10.0

7.5

7.5

5.0

5.0

2.5

2.5

0.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)**

2009
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0

2010
Q3
-

Last
Date
High
Low

Q4

Q1
-

Q2

4.486
03-Feb
4.486
4.486
4.486
10
0.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

VR0028
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12.5

12.5

10.0

10.0

7.5

7.5

5.0

5.0

2.5

2.5

0.0

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0

2010
Q3

Last
Date
High
Low

Q4
-

Q1
-

Q2

4.887
03-Feb
4.887
4.887
4.887
10
0.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

VR0029
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12.5

12.5

10.0

10.0

7.5

7.5

5.0

5.0

2.5

2.5

0.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)**

2009
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

2010
Q3

Q4

Q1
-

5.263
17-Feb
5.263
5.263
5.263
10
0.3%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 2)

18

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
VR0030
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12.5

12.5

10.0

10.0

7.5

7.5

5.0

5.0

2.5

2.5

0.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4
-

6.499
- 13-Apr
6.499
6.499
1
6.499
WA
10
Volume2
0.4%
Turnover3
Modified Duration (Yrs): 12.726
Last
Date
High
Low

Q1
-

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

VR0031
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

2,000

12.5

1,600

10.0

1,200

7.5

800

5.0

400

2.5

Q1 09 Q2-09
Q1-09
Q2 09 Q3-09
Q3 09 Q4-09
Q4 09 Q1-10
Q1 10 Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

5.296
4.773
- 06-May 02-Sep
5.296
4.773
5.296
4.773
5.296
4.773
WA1
614
717
Volume2
9.7% 11.3%
Turnover3
Modified Duration (Yrs): 8.092
Last
Date
High
Low

Q4
5.282
23-Dec
5.321
5.282
5.288
1,749
27.6%

Q1
4.725
04-Feb
4.727
4.721
4.725
1,182
18.7%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 2)


VR0032
No Transaction in the Year of 2009 and Q1-Q2 2010

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

19

TRADING HIGHLIGHT
ZC0003
Trading Volume
(Rp Billion)

Price
(end of
Period)

Price (end of
Period)

TRADING MOVEMENT

100

1,000
800

80

600

60

400

40

200

20
0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Last
Date
High
Low

2009
Q1

Q2

68.400
31-Mar
70.800
65.000

2010
Q3

73.800 74.700
24-Jun 09-Sep
95.650 76.250
67.000 74.100

102
126
Volume2
28.8% 35.6%
Turnover3
Modified Duration (Yrs): .0

Q4
78.150
31-Dec
78.150
63.299

Q1

Q2

81.250
31-Mar
81.700
78.500

83.500
29-Jun
84.500
80.000

63
725
685
762
17.7% 204.6% 193.3% 215.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ZC0005
Trading Volume
(Rp Billion)

1,500

100

1,200

80

900

60

600

40

300

20

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Price
(end of
Period)

Price (end of
Period)

TRADING MOVEMENT

Q2-10
Q2 10

2009
Q1

Q2

2010
Q3

65.500 71.150 70.750


06-Mar 17-Jun 31-Aug
66.800 71.900 73.750
62.750 64.300 70.100
1
64.356
70.105 71.815
WA
2
1,237
455
181
Volume
3
391.6%
144.2%
57.2%
Turnover
Modified Duration (Yrs): .0
Last
Date
High
Low

Q4

Q1

Q2

76.950 80.000
29-Dec 31-Mar
77.100 100.000
74.550 77.250
76.476 90.046
51
706
16.2% 223.5%

81.800
30-Jun
82.500
79.500
80.467
263
83.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ORI003
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

5,000

12.5

4,000

10.0

3,000

7.5

2,000

5.0

1,000

2.5

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

7.972
7.899
7.789
31-Mar 30-Jun 30-Sep
9.606
9.097
8.336
7.960
7.825
7.783
8.154
7.943
7.839
WA1
3,770
1,580
4,120
Volume2
167.1% 70.0% 182.6%
Turnover3
Modified Duration (Yrs): 10.873
Last
Date
High
Low

Q4

Q1

7.821
7.832
30-Dec 31-Mar
9.107
8.034
7.271
7.611
7.754
7.752
1,892
4,388
83.9% 194.5%

Q2
7.740
30-Jun
8.018
7.740
7.788
2,029
89.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every months (see page 2)

20

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
ORI004
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

7,000

12.5

5,600

10.0

4,200

7.5

2,800

5.0

1,400

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

8.364
8.090
7.965
7.930
7.824
31-Mar 30-Jun 30-Sep 31-Dec 31-Mar
9.778
8.970 10.340
8.288
8.069
7.938
7.861
7.832
7.794
7.735
8.307
8.032
7.958
7.910
7.814
WA1
1,920
2,835
5,494
5,914
3,513
Volume2
57.9% 85.5% 165.6% 178.3% 105.9%
Turnover3
Modified Duration (Yrs): 10.786
Last
Date
High
Low

7.830
30-Jun
8.473
7.753
7.848
2,164
65.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ORI005
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

700

12.5

560

10.0

420

7.5

280

5.0

140

2.5
-

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

9.934
9.350
9.122
31-Mar 30-Jun 30-Sep
10.388 10.279
9.641
8.205
8.863
8.879
1
9.541
9.234
9.029
WA
606
148
267
Volume2
89.5% 21.9% 39.4%
Turnover3
Modified Duration (Yrs): 9.550
Last
Date
High
Low

Q4
9.016
30-Dec
10.101
8.795
8.921
592
87.4%

Q1

Q2

8.829
31-Mar
9.481
8.638
8.785
536
79.1%

8.853
30-Jun
9.493
8.691
8.845
253
37.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ORI006
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

5,000

12.5

4,000

10.0

3,000

7.5

2,000

5.0

1,000

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)**

2009
Q1

Q2

2010
Q3

Q4

N/A
N/A
7.187
7.098
N/A
N/A 30-Sep 31-Dec
N/A
N/A
8.589
7.315
N/A
N/A
7.053
7.072
N/A
N/A
7.210
7.185
WA1
N/A
N/A
2,169
4,432
Volume2
N/A
N/A 103.2% 210.8%
Turnover3
Modified Duration (Yrs): 9.337
Last
Date
High
Low

Q1
7.057
31-Mar
7.328
7.034
7.082
1,671
79.5%

Q2
7.097
30-Jun
7.250
6.994
7.075
831
39.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every months (see page 2), but Executed Yield calculated based on 3 Months Payment Period

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

21

TRADING HIGHLIGHT
IFR0001
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

700

12.5

560

10.0

420

7.5

280

5.0

140

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)#

2009
Q1

Q2

2010
Q3

6.889
6.223
6.733
27-Mar 16-Jun 09-Sep
7.945
6.841
6.937
6.811
6.119
6.693
6.898
6.318
6.831
WA1
244
226
181
Volume2
35.9% 33.4% 26.7%
Turnover3
Modified Duration (Yrs): 7.686
Last
Date
High
Low

Q4
6.107
22-Dec
6.408
6.090
6.208
276
40.6%

Q1

Q2

6.496
22-Mar
6.895
6.445
6.635
181
26.7%

5.926
29-Jun
6.372
5.926
6.231
409
60.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

IFR0002
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

90

12.5

72

10.0

54

7.5

36

5.0

18

2.5
-

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Executed
Yield (%)#

2009
Q1

Q2

2010
Q3

6.899
6.279
7.027
24-Mar 08-Jun 17-Sep
6.899
6.391
7.027
6.874
6.238
6.726
1
6.897
6.309
6.817
WA
67
38
49
Volume2
13.5%
7.7%
9.9%
Turnover3
Modified Duration (Yrs): 6.911
Last
Date
High
Low

Q4
6.478
29-Dec
6.479
6.470
6.474
4
0.8%

Q1

Q2

6.432
5.959
29-Mar 18-May
6.949
6.391
6.432
5.959
6.224
6.619
83
18
16.7%
3.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

IFR0003
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

900

12.5

720

10.0

540

7.5

360

5.0

180

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)#

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 11.639
Last
Date
High
Low

2010

2009
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

7.359
5.224
5.388
16-Dec 30-Mar 28-Jun
5.459
7.618
5.280
5.371
7.346
5.224
5.411
7.362
5.257
163
784
753
27.7% 133.3% 128.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

** Coupon Payment Period every 6 months (see page 3)

22

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
IFR0004
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250

12.5

200

10.0

150

7.5

100

5.0

50

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)#

2009
Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 13.019
Last
Date
High
Low

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
5.419
10-Nov
5.419
5.416
5.417
50
36.4%

Q1

Q2

5.345
6.914
26-Mar 24-Jun
6.962
5.372
6.914
5.299
6.934
5.315
135
203
97.9% 148.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

IFR0005
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

400

12.5

320

10.0

240

7.5

160

5.0

80

2.5
-

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Executed
Yield (%)#

2009
Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2
6.831
- 15-Jun
6.874
6.812
6.837
367
- 341.0%

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

IFR0006
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

2,000

12.5

1,600

10.0

1,200

7.5

800

5.0

400

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)#

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
5.520
N/A 29-Jun
N/A
5.679
N/A
5.498
N/A
5.585
N/A
1,903
N/A 539.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

# Coupon Payment Period every 6 months (see page 3)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

23

TRADING HIGHLIGHT
IFR0007
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

120

12.5

96

10.0

72

7.5

48

5.0

24

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)#

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

7.216
26-Mar 04-May
7.336
7.216
7.273
100
20
32.0%
6.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

IFR0008
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

450

12.5

360

10.0

270

7.5

180

5.0

90

2.5
-

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Executed
Yield (%)#

2009
Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
5.223
N/A 21-May
N/A
5.242
N/A
5.206
N/A
5.226
N/A
369
N/A 738.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SR001
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

3,000

12.5

2,400

10.0

1,800

7.5

1,200

5.0

600

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)*

2009
Q1

Q2

2010
Q3

8.536
8.321
8.407
31-Mar 30-Jun 30-Sep
8.698
9.118
8.673
8.432
8.278
8.256
8.626
8.578
8.417
WA1
2,345
2,402
608
Volume2
168.8% 172.9% 43.7%
Turnover3
Modified Duration (Yrs): 8.686
Last
Date
High
Low

Q4
8.643
28-Dec
8.643
8.225
8.367
884
63.7%

Q1
8.355
31-Mar
8.643
8.217
8.425
426
30.6%

Q2
8.302
30-Jun
8.801
8.229
8.323
327
23.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

* Coupon Payment Period every month (see page 3), but Executed Yield calculated based on 3 Months Payment Period
# Coupon Payment Period every 6 months (see page 3)

24

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SR002
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12,000

12.5

9,600

10.0

7,200

7.5

4,800

5.0

2,400

2.5
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)#

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

N/A
6.801
6.808
N/A 31-Mar 30-Jun
N/A
7.012
7.007
N/A
6.633
6.676
N/A
6.868
6.842
N/A 10,896
3,833
N/A 542.5% 190.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SPN100715
Trading Volume
(Rp Billion)

TRADING MOVEMENT

2,500

100

2,000

80

1,500

60

1,000

40

500

20
0

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Price
(end of
Period)

Price (end of
Period)

Q2-10
Q2 10

2009
Q1

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

Q2

2010
Q3

Q4

Q1

Q2

N/A 94.209 96.151 98.139 99.530


N/A 01-Sep 10-Dec 26-Mar 16-Jun
N/A 95.491 96.717 98.139 99.530
N/A 93.609 94.750 94.411 98.298
N/A 94.008 95.744 97.445 98.715
N/A
538
1,851
2,189
1,370
N/A 107.5% 370.3% 437.7% 273.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SPN100902
Trading Volume
(Rp Billion)

TRADING MOVEMENT

800

100

640

80

480

60

320

40

160

20
0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Price
(end of
Period)

Price (end of
Period)

Q2-10

2009
Q1

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

Q4

Q1

Q2

N/A 95.160 97.294 98.821


N/A 09-Dec 30-Mar 18-Jun
N/A 95.160 100.000 98.821
N/A 94.082 95.966 97.710
N/A 94.341 96.901 98.076
N/A
566
744
582
N/A 156.0% 205.2% 160.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

# Coupon Payment Period every month (see page 3), but Executed Yield calculated based on 3 Months Payment Period

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

25

TRADING HIGHLIGHT
SPN101007
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

400

100

320

80

240

60

160

40

80

20

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0

Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Last
Date
High
Low

2010
Q4

N/A 93.950
N/A 05-Nov
N/A 93.950
N/A 93.611
N/A 93.802
N/A
313
N/A 104.3%

Q1

Q2

95.574 97.714
02-Feb 03-Jun
95.584 97.714
95.574 97.086
95.579 97.403
186
304
61.9% 101.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SPN100902
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

800

100

640

80

480

60

320

40

160

20

2009
Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0

Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Last
Date
High
Low

2010
Q4

Q1

Q2

N/A 95.160 97.294 98.821


N/A 09-Dec 30-Mar 18-Jun
N/A 95.160 100.000 98.821
N/A 94.082 95.966 97.710
N/A 94.341 96.901 98.076
N/A
566
744
582
N/A 156.0% 205.2% 160.6%

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SPN110113
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

3,000

125

2,400

100

1,800

75

1,200

50

600

25

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

N/A 95.132
N/A 30-Mar
N/A 101.050
N/A 93.643
N/A 94.785
N/A
2,553
N/A 475.1%

Q2
96.156
21-Jun
96.703
95.128
96.157
476
88.6%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

# Coupon Payment Period every month (see page 1), but Executed Yield calculated based on 3 Months Payment Period

26

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SPN110210
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

4,000

100

3,200

80

2,400

60

1,600

40

800

20

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

N/A 100.000 96.211


N/A 09-Mar 30-Jun
N/A 100.000 96.240
N/A 93.557 94.590
N/A 94.363 95.591
N/A
2,929
3,366
N/A 325.4% 374.0%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SPN110303
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

5,000

100

4,000

80

3,000

60

2,000

40

1,000

20

2009
Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

N/A 94.011 95.550


N/A 31-Mar 29-Jun
N/A 94.133 95.943
N/A 93.557 94.307
N/A 93.893 95.173
N/A
2,634
4,540
N/A 219.5% 378.4%

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SPN110407
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

8,000

100

6,400

80

4,800

60

3,200

40

1,600

20

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A 95.269
N/A 28-Jun
N/A 95.308
N/A 93.584
N/A 94.127
N/A
7,202
N/A 526.7%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

# Coupon Payment Period every month (see page 1), but Executed Yield calculated based on 3 Months Payment Period

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

27

TRADING HIGHLIGHT
SPN110505
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

3,000

100

2,400

80

1,800

60

1,200

40

600

20

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A 94.936
N/A 23-Jun
N/A 94.936
N/A 93.700
N/A 94.445
N/A
2,654
N/A 229.5%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SPN110609
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Price
(end of
Period)

Price (end of
Period)

5,000

100

4,000

80

3,000

60

2,000

40

1,000

20

Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010

2009

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A 94.369
N/A 22-Jun
N/A 94.372
N/A 93.666
N/A 94.315
N/A
4,198
N/A 508.8%

Q1 09
Q1-09

Q2-09
Q2 09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

# Coupon Payment Period every month (see page 2), but Executed Yield calculated based on 3 Months Payment Period

28

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

C O R P O R AT E B O N D S

ADHI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

ADHI KARYA (PERSERO) TBK


:
:
:
:
:

PROFILE
The name Adhi Karya mentioned for the first time in the Decree of the
Minister of Public Works and Labor dated 11th of March 1960. Later on,
based on the Government Regulation No. 65 year 1961, the name was
changed to become Perusahaan Negara Adhi Karya. In the same year
and based on the same regulation, the formerly Dutch owned company
but then nationalized, Associatie NV merged with the Company. In 1974,
based on Act No. 1 dated June 1, 1974 juncto Amendment Act No. 2
dated December 3, 1974 both by Kartini Muljadi, SH, Notaries in Jakarta,
PT Adhi Karya (Persero) was established.
The Companys Statutes has been undergone for several amendments.
The last one was based on the Deed of Minutes of Meeting of
Extraordinary General Meeting of Shareholders of Limited Liability
Company PT Adhi Karya (Persero) Tbk. dated 19-6-2008 (nineteen day
of June two thousand and eight) number 39, which made before Dr. A.
Partomuan Pohan, S.H., LL.M, Notary Public in Jakarta.
Currently, ADHI has three lines of business which are:
1. Construction Service
Undertaking projects divided mainly into:
a. Infrastructure
Major public works and infrastructure projects i.e. roads and
bridges, irrigations, power plants, ports, etc.
b. Buildings
High-rise buildings; public facility buildings; commercial buildings;
residential buildings; industrial and manufacturing buildings;
mechanical and electrical works, power transmission and main
stations, building automation, air system and sound system, radio,
telecommunication and instrumentation, etc.
2. Engineering Procurement Construction (EPC)
ADHI undertakes designing, planning and procurement prior to actual
construction of the project. Since by its nature EPC projects offer a
higher profit margin than simple construction projects, ADHI aims to
develop and secure more EPC projects in the future.
3. Investment
Investment constitutes a new line of business that is altogether
different from the construction business. ADHI will undertake
selectively and focus more on infrastructure-related investments.
Now, ADHI has extended its projects to several Middle Eastern
countries. This has strengthen its position to become a true champion
in the construction service business and a choice in the EPC as well as
investment in the field of infrastructure in Indonesia and several selected
countries.

30

ADDRESS
Jln. Raya Pasar Minggu KM 18
Jakarta - 12510
Phone : (021) 797-5312
Fax : (021) 797-5311

idABuilding Construction
www.adhi.co.id
Kurnadi Gularso
Bank Mega Tbk.
FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

364,904
1,476,694
580,234
143,708
166,810
1,987
5,125,369
2,355,605
4,525,469
15,620
544,000
180,132
1,801
100
384,320
584,279

306,902
1,789,279
510,174
180,132
80,870
1,951
5,629,454
2,849,719
4,888,581
9,673
544,000
180,132
1,801
100
528,868
731,200

-15.90
21.17
-12.07
25.35
-51.52
-1.85
9.84
20.98
8.02
-38.07
37.61
25.15

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

6,639,942
6,095,669
572,521
204,613
204 613
367,908
-245,369
122,539
39,545
-1,512
81,482

7,714,614
7,059,135
751,880
215,061
215
061
536,819
-205,046
331,773
168,850
2,606
165,530

16.18
15.81
31.33
5.11
5 11
45.91
16.43
170.75
326.98
N/A
103.15

7.75
1.59
1.23
5.54

6.69
2.94
2.15
6.96

-13.68
84.96
74.85
25.59

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

2.

Outstanding
(Rp Million)

Series Name

ADHI04

IV Tahun 2007

SMKADHI01

Sukuk Mudharabah I
Tahun 2007

375,000

125,000

Listing
Date

09-Jul-07

09-Jul-07

Maturity
Date

06-Jul-12

06-Jul-12

Issue
Term

5 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 11.00%

06-Jul-10
06-Oct-10
06-Jan-11
06-Apr-11

idAstable

Nisbah of Revenue
Sharing: 76.39%

06-Jul-10
06-Oct-10
06-Jan-11
06-Apr-11

idA-(sy)
stable

TRADING HIGHLIGHT
ADHI04
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50.0

12.5

40.0

10.0

30.0

7.5

20.0

5.0

10.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

10.483
9.931
16-Mar 30-Jun
10.708 10.215
9.588
9.320
9.810
9.510
WA1
14.00
35.70
Volume2
3
14.9%
38.1%
Turnover
Modified Duration (Yrs): 4.617
Last
Date
High
Low

Q3

Q4

9.787
13-Aug
9.898
9.771
9.871
12.00
12.8%

9.948
23-Dec
10.178
9.733
10.020
17.00
18.1%

Q1

Q2

9.844
9.959
26-Mar 21-May
10.094
9.960
9.844
9.678
10.016
9.750
14.00
26.00
27.7% 14.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SMKADHI01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30.00

20.0

24.00

16.0

18.00

12.0

12.00

8.0

6.00

4.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

15.615 15.083
13-Mar 10-Jun
16.223 15.088
15.615 15.083
15.922 15.085
WA1
4.50
0.30
Volume2
14.4%
1.0%
Turnover3
Modified Duration (Yrs): 3.545
Last
Date
High
Low

2010
Q3

Q4

14.541
30-Sep
14.894
14.522
14.698
2.20
7.0%

15.292
16-Dec
15.414
15.093
15.293
7.70
24.6%

Q1

Q2
-

14.947
24-Jun
14.954
14.791
14.934
29.85
95.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

31

TRADING STATISTICS 2009

No.

Code

% of Total

Turnover
Ratio
(%)

1.

ADHI04

9.320

10.708

10.020

79

0.28

20.99%

4.617

2.

SMKADHI01

14.522

16.223

15.293

15

0.05

11.76%

3.545

93

0.33

Executed Yield (%)


Low

High

Weighted Avg.
Executed
Yield (%)

TOTAL

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
ADHI04

14

36

Q2-2009

Q3-2009

Outstanding

12 17

Outstanding

375

SMKADHI01

Outstanding

125
-

32

Q4-2009

40

80

120

160

200

240

280

320

360

400

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

33

ADMF ADIRA DINAMIKA MULTIFINANCE TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

PROFILE
PT Adira Dinamika Multi Finance Tbk (Adira Finance or the Company)
was established in 1990 and has emerged to be the largest multi-brands
automotive financing company in Indonesia in terms of total managed
assets, new financing and earnings.
In March 2004, Adira Finance conducted an initial public offering,
followed by private placement of 75% share ownership held by former
shareholders to Bank Danamon, one of the largest national private banks,
owned by Temasek Group of Singapore. In July 2009, Bank Danamon
exercised its call option to purchase additional 20% share of Adira
Finance from Mega Value Profits Limited and hence its ownership in
Adira Finance increased to 95%. With full support from Bank Danamon,
the Company continues to expand its business and to create competitive
advantages to bring superior value to all of its stakeholders.
In line with the Companys core competence in managing retail financing
business risk, Adira Finance focuses more on financing high-yielding
assets. With high professionalism and dedication from Management
and all employees, the Company was able to record new financing of
Rp14.5 trillion in 2009, despite global economic crisis still impacted the
Indonesian economic for the year.
The recovering economy condition enabled Adira Finance to capitalize
opportunities very well to deliver better performance. The Company has
established strong foundations to support its future growth, including a
vast business networks, strong organization capabilities, funding support
from Bank Danamon and highly competent and dedicated employees.
All these efforts have brought a sense of pride and affection to the
Company.
Meanwhile, learning from past experiences in going through challenging
and difficult conditions, Adira Finance continues to develop proper
strategies and strengthen its position as a multi-brands automotive
financing company. These strategies are proven to be effective as
the automotive industry is growing, particularly motorcycle and car
industries. Supported by almost 16,000 staff and 319 networks at the
end of 2009 throughout the country, Adira Finance has solidified its
position as a leading consumer financing in Indonesia and is ready to
capitalize opportunities in the growing market.

34

ADDRESS
Graha Adira, 10th - 12th Fl.
Jln. Menteng Raya No. 21, Jakarta 10340
Phone : (021) 391-8686, 392-1000
Fax : (021) 392-4826, 392-4827, 392-4780

idAAFinancial Institution
www.adira.co.id
Hafid Hadeli
Bank Permata Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2008

Dec-2009

474,195
15,540

26,295
17,199

-94.45
10.68

1,816,195

2,561,914

41.06

81,684
201,006
41,575
3,592,024
224,863
1,642,021
4,000
400,000
100,000
1,000
100
1,850,003
1,950,003

976,006 1,094.86
188,514
-6.21
-58.32
17,330
20.53
4,329,549
N/A
-77.32
51,004
1,677,146
2.14
4,000
400,000
100,000
1,000
100
2,552,403
37.97
2,652,403
36.02

INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax

3 378 703
3,378,703
1,959,381
1,419,322

33,941,162
941 162
2,282,815
1,658,347

16
65
16.65
16.51
N/A
16.84

Net Tax
Net Income

399,089
1,020,233

445,947
1,212,400

11.74
18.84

0.84
28.40
30.20
42.01

0.63
28.00
30.76
42.08

-24.91
-1.41
1.88
0.17

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

ADMF02C

2.

II Thn 2006 Seri C

90,000

III Tahun 2009 Seri B

ADMF03B

3.

Outstanding
(Rp Million)

ADMF03C

51,000

III Tahun 2009 Seri C

403,000

Listing
Date

09-Jun-06

14-May-09

14-May-09

Maturity
Date

08-Jun-11

13-May-11

13-May-12

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 14.600%

08-Mar-08
08-Jun-08
08-Sep-08
08-Dec-08

idAAstable

Fixed 13.55%

13-Aug-09
13-Nov-09
13-Feb-10
13-May-10

idAAstable

Fixed 14.60%

13-Aug-09
13-Nov-09
13-Feb-10
13-May-10

idAAstable

2 Years

3 Years

TRADING HIGHLIGHT
ADMF02C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.00

12.5

16.00

10.0

12.00

7.5

8.00

5.0

4.00

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

- 10.408
- 18-May
- 10.465
- 10.408
- 10.447
WA1
19.00
Volume2
84.4%
Turnover3
M difi d Duration
Modified
D ti (Yrs):
(Y ) 44.414
414

Q4
-

Last
Date
High
Low

Q1

Q2
-

10.566
26-May
10.566
10.566
10.566
5.00
22.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ADMF03B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.00

10.0

16.00

8.0

12.00

6.0

8.00

4.0

4.00

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
M difi d Duration
Modified
D ti (Yrs):
(Y ) 88.130
130
Last
Date
High
Low

2010
Q3

Q4
-

8.902
14-Dec
8.927
8.902
8.910
15.00
117.6%

Q1

Q2
-

8.783
14-May
8.866
8.783
8.838
16.00
125.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

35

ADMF03C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

75.00

12.5

60.00

10.0

45.00

7.5

30.00

5.0

15.00

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

9.421
N/A
N/A 16-Jun
N/A
9.421
N/A
9.330
1
N/A
9.414
WA
N/A
27.00
Volume2
N/A 26.8%
Turnover3
Modified Duration (Yrs): 7.565

Last
Date
High
Low

Q2

Q1

Q4
-

9.167
18-Mar
9.467
9.167
9.415
36.00
35.7%

9.196
30-Jun
9.208
9.092
9.144
68.00
67.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.
2.
3.

ADMF03C

Turnover
Ratio
(%)

TRADING VOLUME

Modified
Duration (Yrs)
End of Year

Low

High

ADMF02C

10.408

10.465

10.447

19

0.07

21.11%

4.414

ADMF03B

8.902

8.927

8.910

15

0.05

29.41%

8.130

9.330

9.421

9.414

27

0.10

6.70%

7.565

61

0.21

(Billion Rp)

TOTAL

% of Total

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
ADMF02C

Q2-2009

Q4-2009

Outstanding

- 19

Outstanding

90

ADMF03B

- 15

Outstanding

51

ADMF03C

- 27

Outstanding

403
-

36

Q3-2009

50

100

150

200

250

300

350

400

450

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

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INDONESIA BOND MARKET DIRECTORY 2010


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37

AGII
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

ANEKA GAS INDUSTRI


:
:
:
:
:

ADDRESS
A3.id
Menara Anugrah 6th Floor, Kantor Taman E.3.3
Crude, Petroleum & Natural Gas Production
Jln. Mega Kuningan Lot 8.6 - 8.7, Kawasan Mega Kuningan, Jakarta
www.anekagas.com
Phone : (021) 5794-8880
Rachmat Harsono
Fax : (021) 5794-8881
Bank Mega Tbk.
FINANCIAL HIGHLIGHT

PROFILE
PT Aneka Gas Industri (the Company) is the first industrial gas company
in Indonesia. The core business of PT Aneka Gas Industri is to supply
industrial gases such as Oxygen, Nitrogen, and many other gases and
related services to almost any industry such as metal works, metallurgy,
chemical processes and petrochemical industry, electronic and electrical
industry, medical and pharmaceutical industry, food and beverage
industry, drinking water treatment, waste water treatment, agribusiness,
etc.
PT Aneka Gas Industri is the first industrial gas company in Indonesia.
The core business of PT Aneka Gas Industri is to supply industrial gases
such as Oxygen, Nitrogen, and many other gases and related services to
almost any industry such as metal works, metallurgy, chemical processes
and petrochemical industry, electronic and electrical industry, medical
and pharmaceutical industry, food and beverage industry, drinking water
treatment, waste water treatment, agribusiness, etc.
The Company is headed at Jln. Mega Kuningan lot 8.6-8.7, Jakarta
Selatan and has several branches in Medan, Lhoksumawe, Pekanbaru,
Jakarta, Lampung, Bandung, Semarang, Sidoarjo, Makassar, Kendari,
Soroako, Palu, Bitung, and Gorotalo.
The Company has direct and indirect ownership in subsidiaries: PT
Samator Gas Industry and PT Raja Prima Syngas.

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

79,776
128,983
34,525
191,078
458,657
11,195
661,944
145,793
297,524
443,318
20,772
500,000
125,000
0.1
1
51,874
197,855

67,535
69,999
45,824
228,143
530,226
8,145
769,143
176,476
347,838
524,314
28,028
500,000
125,000
0.1
1
70,820
216,801

-15.34
-45.73
32.73
19.40
15.60
-27.24
16.19
21.05
16.91
18.27
34.93
36.52
9.58

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

366,729
204,560
162,169
110 685
110,685
51,484
-27,750
23,734
7,952
-1,167
14,615

451,064
246,204
204,860
126
496
126,496
78,363
-46,291
32,073
9,600
-3,527
18,946

23.00
20.36
26.33
14.29
14
29
52.21
-66.81
35.14
20.72
-202.18
29.64

2.24
2.21
3.99
14.04

2.42
2.46
4.20
17.37

7.93
11.57
5.40
23.75

BALANCE SHEET

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

2.

38

Bond Code

Issue Name

AGII01

I Tahun 2008

SIKAGII01

Sukuk Ijarah I Tahun


2008

Outstanding
(Rp Million)

80,000

160,000

Listing
Date

09-Jul-08

09-Jul-08

Maturity
Date

08-Jul-13

08-Jul-13

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

5 Years

Rating
Result

Fixed 14,5%

08-Oct-08
08-Jan-09
08-Apr-09
08-Jul-09

Fitch :
BBB
(Idn)

Nisbah 14.50%

08-Oct-08
08-Jan-09
08
Jan 09
08-Apr-09
08-Jul-09

Fitch :
BBB
(Idn)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
AGII01
Trading Volume
(Rp Billion)

20.0

15.0

16.0

12.0

12.0

9.0

8.0

6.0

4.0

3.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2

Q1

2010
Q3

Q4

- 11.741
Ma
- 27
27-May
- 11.741
- 11.741
- 11.741
WA1
1.00
Volume2
5.0%
Turnover3
At the end of Year, Modified Duration (Yrs): 6.552
Last
D t
Date
High
Low

Q1
-

Q2
-

11.673
06
Ma
06-May
11.827
11.250
11.616
16.00
80.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Trading Volume)
3
Turnover Ratio (Annualized) =
Out Standing end of period

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10
Q2 10

SIKAGII01
Trading Volume
(Rp Billion)

50.0

15.0

40.0

12.0

30.0

9.0

20.0

6.0

10.0

3.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q1

Q2

2010
Q3

Q4

Q1

11.931 11.581 11.097 11.290


30-Mar
30
Mar 15-Jun
15 Jun 28-Aug
28 Aug 22-Dec
22 Dec
12.129 11.827 11.703 11.741
11.556 11.154 11.097 11.132
1
11.954 11.579 11.604 11.274
WA
35.00
18.40
15.60
7.20
Volume2
87.5% 46.0% 39.0% 18.0%
Turnover3
At the end of Year, Modified Duration (Yrs): 3.905
Last
D t
Date
High
Low

Q2

11.238
04-Mar
04
Mar
11.812
11.136
11.490
8.00
20.0%

11.615
15 Jun
15-Jun
11.741
11.311
11.590
14.00
35.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Trading Volume)
3
Turnover Ratio (Annualized) =
Out Standing end of period

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10
Q2 10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Bond Code

Low

High

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

% of Total

Modified
Duration (Yrs)
End of Year

1
1.

AGII01

11 741
11.741

11 741
11.741

11 741
11.741

0 004
0.004

1 25%
1.25%

6 552
6.552

2.

SIKAGII01

11.097

12.129

11.274

76

0.27

47.63%

3.905

77

0.27

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
AGII01

Q2-2009

Q3-2009

Q4-2009

Outstanding

Outstanding

80

SIKAGII01

35

18

16

Outstanding

7
160

20

40

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

60

80

100

120

140

160

180

39

AIRJ
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

THAMES PAM JAYA (QQ. PT AETRA AIR JAKARTA)


:
:
:
:
:

PROFILE
PT Aetra Air Jakarta was awarded a concession contact to do business
for 25 years based on a Cooperation Agreement with the Regional Water
Company of Jakarta (PAM Jaya). This cooperation is effective from
February 1, 1998 until January 31, 2023. Company is responsible for the
management, operation, maintenance and the investment to optimize,
to develop as well as to improve clean water services in Companys
operational areas, namely eastern area of Ciliwung River that covers
part of North Jakarta, part of Central Jakarta and the entire area of East
Jakarta.
Aetras share holders are Acuatico Pte.Ltd with 95% ownership and PT
Alberta Utilities with 5% ownership. Formerly, the company was known
as PT Thames PAM JAYA (TPJ), a company under RWE Thames Water,
based in the United Kingdom. On January 17, 2007, Acuatico Pte .Ltd.
officially took over the Thames Waters ownership to continue the
concession, and on April 15, 2008 the business was renamed PT Aetra
Air Jakarta. In 2009, Aetra implemented a series of changes following
the transition.
The Companys performance during 2009 is very satisfying. Targets can
be achieved entirely and the Companys financial position is getting better
still. Companys customers have increased by 43% from 268,000 at the
beginning of the cooperation to 382,693 customers at the end of 2009.
In 2009 Companys service coverage ratio reached 59.67% from all of
its service areas. Thus approximately 2.7 million people in Companys
service area have access to clean water supply network. Currently Aetra
is preparing to upgrade the standard to achieve ISO 9001:2008 version
As a public service company Aetra develops its social mission through
Water and Environment Conservation programs, Community Water
Access, and program of Social and Natural Disasters Support. The
Social and Natural Disasters Support programs are not only developed
through incidental aid, but also by mobilizing clean water tank, logistics,
portable water treatment plant, leak detection team and others. Since
2005 until now, Aetra has been developed an Education Module for Water
Education at Schools Program through partnership with community
development organizations, which involve students to become Water
and Sanitation Ambassador.

40

ADDRESS
Sampoerna Strategic Square, South Tower 28th Fl.
Jln. Jend. Sudirman Kav. 45-46, Jakarta 12930
Phone : (021) 577-2030
Fax : (021) 577-2041

A-(idn)
Water utilities
Yosua Lusopatia Tobing
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

119,617
120,784
22,779
309,798
543,739
1,007,774
135,102
643,135
778,237
176,500
100,756
27
3,530
-39,290
229,537

141,064
132,184
28,884
316,175
598,594
1,093,145
106,961
614,251
721,213
176,500
100,756
29
3,530
103,105
371,932

17.93
9.44
26.80
2.06
10.09
N/A
8.47
-20.83
-4.49
-7.33
N/A
5.94
N/A
62.04

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

703,632
301,458
402,174
220 067
220,067
182,107
12,037
194,144
58,477
135,667

745,538
310,344
435,194
219
219,225
225
215,969
-85,105
130,864
-11,531
142,395

5.96
2.95
8.21
0 38
-0.38
18.59
N/A
-32.59
N/A
N/A
4.96

3.39
13.46
19.28
25.88

1.94
13.03
19.10
28.97

-42.81
-3.24
-0.94
11.93

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

AIRJ01A

1.

I Tahun 2008 Seri A

AIRJ01B

2.

97,000

I Tahun 2008 Seri B

AIRJ01C

3.

Outstanding
(Rp Million)

149,500

I Tahun 2008 Seri C

368,000

Listing
Date

14-Mar-08

14-Mar-08

14-Mar-08

Maturity
Date

13-Mar-11

13-Mar-13

13-Mar-15

Issue
Term

3 Years

5 Years

7 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 11.30%

13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09

Fitch :
A(idn)

Fixed 12.50%

13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09

Fitch :
A(idn)

Fixed 13.25%

13-Jun-08
13-Sep-08
13-Dec-08
13-Mar-09

Fitch :
A(idn)

TRADING HIGHLIGHT
AIRJ01A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

80.0

12.5

64.0

10.0

48.0

7.5

32.0

5.0

16.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

Q4

9.449
9.236
9.303
- 30-Jun 30-Sep 09-Dec
- 11.864
9.904
9.698
9.449
9.209
9.156
- 10.142
9.336
9.404
WA1
2
3.00
33.00
76.10
Volume
12.4% 136.1% 313.8%
Turnover3
Modified Duration (Yrs): 2.863
Last
Date
High
Low

Q1

Q2

9.145
9.008
23-Mar 30-Jun
9.401
9.145
8.988
9.145
9.145
9.195
4.00
58.00
16.5% 239.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

AIRJ01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

160.0

12.5

128.0

10.0

96.0

7.5

64.0

5.0

32.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

9.863 10.248
9.952
11-Mar 24-Jun 30-Sep
9.863 10.248 10.250
9.628
9.946
9.863
9.863
9.910 10.011
WA1
7.90
14.35 151.87
Volume2
21.1% 38.4% 406.3%
Turnover3
Modified Duration (Yrs): 6.932
Last
Date
High
Low

Q4
10.345
05-Nov
10.345
10.345
10.345
3.00
8.0%

Q1
10.345
26-Mar
13.746
9.528
10.517
4.25
11.4%

Q2
12.688
01-Jun
12.688
9.340
10.126
10.40
27.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

41

AIRJ01C
Trading Volume
(Rp Billion)

250

12.5

200

10.0

150

7.5

100

5.0

50

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

- 10.889
- 26-Jun
- 11.388
- 10.861
1
- 11.033
WA
2
33.00
Volume
35.9%
Turnover3
Modified Duration (Yrs): 7.686
Last
Date
High
Low

2010
Q4

Q3
10.378
30-Sep
11.004
10.378
10.771
29.00
31.5%

Q1

Q2

10.584 10.501
22-Dec 26-Mar
11.308 11.137
10.130 10.501
10.740 10.778
26.00 244.00
28.3% 265.2%

10.688
07-Jun
10.741
10.161
10.453
13.00
14.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

% of Total

Modified
Duration (Yrs)
End of Year

1.

AIRJ01A

9.156

11.864

9.404

112

0.39

115.57%

2.863

2.

AIRJ01B

9.628

10.345

10.345

177

0.62

118.47%

6.932

3.

AIRJ01C

10.130

11.388

10.740

88

0.31

23.91%

7.686

377

1.33

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
AIRJ01A

33

Q2-2009

Q3-2009

Outstanding

76

Outstanding

97

AIRJ01B

8 14

152

Outstanding

150

AIRJ01C

33

29

26

Outstanding

368
-

42

Q4-2009

40

80

120

160

200

240

280

320

360

400

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

This page is intentionally right blank

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

43

APEX
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

APEXINDO PRATAMA DUTA TBK


:
:
:
:
:

PROFILE
PT Apexindo Pratama Duta Tbk (Apexindo/the Company) is
Indonesias largest national onshore & offshore drilling contractor that has
been serving both prominent local and international clients domestically
as well as abroad for the last two decades.
In the beginning of its establishment, Apexindo was specializing only
in offshore drilling services with two swampbarge rigs, Maera and
Raisis, as well as a jack up rig, Raniworo. With its intention to create
an integrated oil and gas drilling services contractor, in 2001 Apexindo
merged with PT Medco Antareja, an affiliated company in onshore
drilling services. Following the merger, Apexindo began to establish its
presence to deliver drilling projects in Indonesia and other countries
such as Brunei Darussalam, Myanmar, Australia, the Middle East, and
the United States. The Company continues expanding its business with
the addition of Raissa and Yani in 2003.
Throughout our services, we have consistently put health and safety of
our employees and other stakeholders, in addition to protection of the
surrounding environment, as our number one priority.
In 2005, Apexindo successfully obtained ISO9001:2000 certification
in Quality Management System which being upgraded to the newest
ISO9001:2008 version in 2008, as part of its commitment to continuously
improving the Companys competitive advantage and providing
international standard drilling services. Going forward, in order to
support the Companys position in offshore drilling industry, in 2007, the
Company strengthened its drilling fleet with the addition of 1 (one) super
premium jack-up rig, Soehanah.
On 20 September 2008, PT Mitra International Resources Tbk (MIRA)
through its subsidiary - Mira International Holdings Pte. Ltd (MIH) - had
successfully acquired majority stake at Apexindo to become the new
majority shareholders. Thus, since then Mira International Holdings
become the controlling shareholders of Apexindo with 98.11% of shares
stake. At present, with a drilling fleet comprising 8 onshore and 6 offshore
rigs, Apexindo has grown to become a leading drilling contractor with
domestic and overseas operations, driven by its vision to be a worldclass drilling contractor with performance without compromise services.

44

ADDRESS
Medco Building, 2nd - 3rd
Jln. Ampera Raya No. 20 Jakarta 12560
Phone : (021) 780-4766, 780-0840
Fax : (021) 788-0815, 780-4666

idA+
Crude Petroleum & Natural Gas Production
www.apexindo.com
Ade R. Satari
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

545,558
496,318
205,650
1,438,956
3,619,910
1,492
5,140,603
1,077,330
1,251,777
2,329,107
3,000,000
1,329,465
2,659
500
1,364,989
2,811,496

585,993
383,021
184,794
1,557,896
3,145,866
567
5,095,650
1,010,244
1,529,822
2,540,066
3,000,000
1,329,925
2,660
500
1,313,633
2,555,584

7.41
-22.83
-10.14
8.27
-13.10
-62.02
-0.87
-6.23
22.21
9.06
N/A
0.03
0.03
-3.76
-9.10

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

2,709,020
1,683,552
1,025,467
142
332
142,332
883,135
-411,880
471,255
44,800
426,456

2,133,096
1,127,113
1,005,983
134
066
134,066
871,917
-623,034
248,883
107,020
141,863

-21.26
-33.05
-1.90
-5.81
5 81
-1.27
-51.27
-47.19
138.89
N/A
-66.73

0.83
8.30
15.74
32.60

0.99
2.78
6.65
40.88

19.98
-66.44
-57.75
25.39

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

Code

No.

Series Name

APEX02A

1.

300,000

II Tahun 2009 Seri A

APEX02B

2.

Outstanding
(Rp Million)

300,000

II Tahun 2009 Seri B

Listing
Date

22-Jun-09

22-Jun-09

Maturity
Date

19-Jun-12

19-Jun-14

Issue
Term

3 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 13.9%

19-Sep-10
19-Dec-10
19-Mar-11
19-Jun-11

idA+(sy)
stable

Fixed 15%

19-Sep-10
19-Dec-10
19-Mar-11
19-Jun-11

idA+(sy)
stable

5 Years

TRADING HIGHLIGHT
APEX02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

Q4

Q2

Q1

N/A 11.514 11.514 11.064 11.039


N/A 22-Jun 12-Aug 23-Dec 25-Mar
N/A 11.514 11.514 11.113 11.113
N/A 11.514 11.343 11.064 11.039
N/A 11.514 11.492 11.071 11.060
WA1
N/A
7.72 284.31 131.73 128.26
Volume2
N/A 10.3% 379.1% 175.6% 171.0%
Turnover3
Modified Duration (Yrs): 7.613
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

APEX02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125.0

15.0

100.0

12.0

75.0

9.0

50.0

6.0

25.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

N/A 12.058 12.204


N/A 25-Jun 29-Sep
N/A 12.154 12.204
N/A 12.058 11.982
N/A 12.130 12.098
WA1
N/A
5.00 110.25
Volume2
N/A
6.7% 147.0%
Turnover3
Modified Duration (Yrs): 3.649
Last
Date
High
Low

Q4
11.021
04-Dec
11.021
11.021
11.021
2.00
2.7%

Q1

Q2

11.616
12-Mar
11.645
11.456
11.610
34.00
45.3%

11.952
22-Jun
12.204
11.952
12.069
12.85
17.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

45

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

No.

Code

Low

High

% of Total

Turnover
Ratio
(%)

1.

APEX02A

11.064

11.514

11.071

424

1.49

141.25%

7.613

2.

APEX02B

11.021

12.204

11.021

117

0.41

39.08%

3.649

541

1.91

Executed Yield (%)

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
APEX02A

Q2-2009

-8

Q4-2009

Outstanding

284

Outstanding

132

300

APEX02B

110

Outstanding

300
-

46

Q3-2009

50

100

150

200

250

300

350

400

450

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

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47

APOL ARPENI PRATAMA OCEAN LINE TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

PROFILE
PT Arpeni Pratama Ocean Line Tbk (the Company) was established
based on Notarial Deed No. 6 dated October 4, 1975 of Alfian Jahja,
S.H., substitute of Notary Eliza Pondaag.
The Company is one of the biggest cargo shipping Services Company
in Indonesia, especially for domestic coal transportation. The company
has grown and expanded its business activities with a diversified marine
transportation. Ranging from wood products transportation services
using a single log-carrying ships, other marine transportation services
through a variety of dry bulk, general cargo and liquid transportation
for commodities such as coal, pulp, and oil, as well as other related
services, such as agents, stevedoring, chartering and services ship
management.
Dry bulk carriers transport companies equipped Capesize, Panamax and
Handysize with a capacity of 27,547 DWT to 147,000 DWT. Supported
by a floating crane vessel with capacity of 10,000 MT/day up to 30,000
MT/day, barge with capacity of 500 DWT up to 8,000 DWT and tugs with
capacity of 600 HP up to 3,400 HP capacity. Overall dry bulk fleet will
allow the Company as a provider of end to end solutions and logistics
services that provide efficiency to the customers in terms of a whole
maritime transport.
The Company operates the general cargo vessel to transport bulk
products such as pulp, cement, iron and some agricultural products.
For liquid transportation services, the Company leased three tankers
in the long-term contract to Pertamina, and an LPG carrier for foreign
companies.
The Company began operations in 1983 as one of the largest private
shipping agencies in Indonesia engaged in agency services and service
providers.
With the implementation of the sabotage through Law No.17 in 2008 and
10,000 MW power plant construction program has created opportunities
that a large domestic market for national shipping companies, including
companies with a business focus on transporting dry bulk cargoes.
The Company has successfully obtained a contract of carriage and
management of coal jetty at Tanjung Jati B Power Plant, Jepara, Central
Java with a 15-year contract worth Rp 3.08 trillion in January 2008.
With the companys competitive advantage as a provider of end to end
logistics solutions services, the Company is committed to continuously
develop and provide the best service to all customers. With over 30 years
experience in the shipping area of Indonesia, the Company continues to
build long term relationships with customers and be involved in enhancing
the development of national sea transport.

48

ADDRESS
Wisma BSG, 7th Fl.
Jln. Abdul Muis No. 40, Jakarta 10160
Phone : (021) 350-5350, 350-5355
Fax : (021) 350 5440

idA
Transportation
www.apol.co.id
Ronald Nangoi
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained
R t i d Earnings
E i
Total Equity

590,370
1,598,953
38,757
2,695,443
3,302,656
231,606
7,294,276
2,112,965
3,543,455
5,656,420
30,187
1,000,000
749,651
2,999
250
533 558
533,558
1,607,669

123,164
1,109,111
24,732
1,510,020
3,798,874
179,074
6,771,973
2,446,461
3,513,882
5,960,343
38,023
1,000,000
749,651
2,999
250
137 047
-137,047
773,606

-79.14
-30.64
-36.19
-43.98
15.02
-22.68
-7.16
15.78
-0.83
5.37
25.96
N/A
-51.88

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating
p
g Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

2,570,052
1,726,737
843,315
147,854
695,461
-645,877
59,061
36,196
-12,949
9,916

1,717,602
1,421,879
295,724
152,496
143,228
-742,180
-627,731
34,279
-8,595
-670,605

-33.17
-17.66
-64.93
3.14
-79.41
-14.91
N/A
-5.30
33.62
N/A

3.52
0.14
0.39
27.06

7.70
-9.90
9.90
-39.04
8.34

118.98
N/A
N/A
-69.18

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Series Name

Code

II Tahun 2008 Seri A

APOL02A

1.

APOL02B

2.

Listing
Date

Outstanding
(Rp Million)
276,000

II Tahun 2008 Seri B

324,000

19-Mar-08

19-Mar-08

Maturity
Date
18-Mar-13

18-Mar-15

Issue
Term
5 Years

7 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 12.0%

18-Sep-10
18-Dec-10
18-Mar-11
18-Jun-11

idCCC

Fixed 12.5%

18-Sep-10
18-Dec-10
18-Mar-11
18-Jun-11

idCCC

TRADING HIGHLIGHT
APOL02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

9.883 10.151
14-Jan 30-Jun
10.037 13.124
9.883 10.050
9.888 10.356
WA1
7.80
25.70
Volume2
11.3% 37.2%
Turnover3
Modified Duration (Yrs): 8.775
Last
Date
High
Low

Q4

10.647
29-Sep
10.647
10.076
10.167
34.69
50.3%

Q1

10.274
30-Dec
10.908
9.913
10.295
55.00
79.7%

Q2

11.873 10.407
31-Mar 29-Jun
15.321 11.708
8.679 10.200
10.818 10.474
62.10 112.57
90.0% 163.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

APOL02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

Q1-09

Q2-09

Q3-09

Q4-09

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

- 10.552
- 10-Jun
- 10.556
- 10.552
- 10.552
WA1
99.25
Volume2
- 122.5%
Turnover3
Modified Duration (Yrs): 3.199
Last
Date
High
Low

2010
Q3

Q4
-

Q1
-

10.359
30-Mar
10.359
10.359
10.359
3.00
3.7%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

49

TRADING STATISTICS 2009


Executed Yield (%)
Low

High

Weighted Avg.
Executed
Yield (%)

No.

Code

1.

APOL02A

9.883

13.124

10.295

2.

APOL02B

10.552

10.556

10.552

TOTAL

Modified
Duration (Yrs)
End of Year

% of Total

Turnover
Ratio
(%)

123

0.43

44.63%

8.775

99

0.35

30.63%

3.199

222

0.78

TRADING VOLUME
(Billion Rp)

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
APOL02A

26

35

Q2-2009

Q3-2009

Outstanding

55

Outstanding

276

APOL02B

99

Outstanding

324
-

50

Q4-2009

50

100

150

200

250

300

350

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

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51

ASDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

ASTRA SEDAYA FINANCE


:
:
:
:
:

PROFILE
Incorporated in Jakarta on July 15, 1982 under the name of PT Raharja
Sedaya, based on the Deed of the Notary Rukmasanti Hardjasatya SH,
No. 50, the Company started operations in mid of 1983. In the year of
1989 the name was changed into PT Raharja Sedaya Finance. Then,
under the Deed of Statements of Meeting Resolutions No. 161 dated
December 20, 1990, the name was changed from PT Raharja Sedaya
Finance to PT Astra Sedaya Finance (ASF).
With the establishment of ASF, Astra started consumer financing
services through ASF and associated companies (known as the Astra
Credit Companies or ACC). Following the government regulation under
the Decree of the Minister of Finance No. 84 of 2006, ASF is only allowed
to have a stake of maximum 25 % of the associated companies. To date
the associated companies in the ACC include the following:
1.
2.
3.

4.

ADDRESS
Jln. T.B Simatupang No. 90, Tanjung Barat
Jagakarsa, Jakarta - 12530
Phone : (021) 788-51185
Fax : (021) 7885-1182

idAAFinancial Institution
www.AutoCybercenter.com
Lucie Helena Rotinsulu
Bank Rakyat Indonesia (Persero) Tbk.

PT Swadharma Bhakti Sedaya Finance, an associated company


between ASF, PT Sedaya Multi Investama, PT Sedaya Pratama
and Dana Pensiun Bank Negara Indonesia
PT Pratama Sedaya Finance (formerly known as PT Estika Sedaya
Finance), an associated company between ASF and PT Sedaya
Pratama.
PT Staco Estika Sedaya Finance (formerly known as Stacomitra
Sedaya Finance), an associated company between ASF, PT
Sedaya Pratama, Dana Pensiun Bank Mandiri Dua and Yayasan
Kesejahteraan Bumi Daya.
PT Astra Auto Finance, an associated company between ASF, PT
Astra International Tbk, PT Astra Daihatsu Motor, Toyota Tsusho
Corporation and PT Tjahja Sakti Motor Corporation.

FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Sh)
Authorized Capital
Government Share
Placement

Million Rp except Par Value

Change %

Dec-2008

Dec-2009

330,270
95,315

281,687
104,048

-14.71
9.16

6,178,345

7,978,221

29.13

101,070
126,131
317
8,438,606
344,703
57,586
6,855,887
200
200,000

93,911
-7.08
122,754
-2.68
317
9,894,309
17.25
3,950,285 1,046.00
17,080
-70.34
8,140,007
18.73
200
200,000
-

113

113

Retained Earnings
Total Equity

1,439,507
1,582,719

1,611,090
1,754,302

11.92
10.84

INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax

11,591,931
591 931
1,082,501
509,430

11,932,980
932 980
1,356,232
576,748

21
42
21.42
25.29
N/A
13.21

155,455
353,975

163,041
413,707

4.88
16.87

4.33
4.19
22.24
32.00

4.64
4.18
21.40
29.84

7.12
-0.32
-3.75
-6.76

Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

52

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

Code

Series Name

ASDF08F

ASDF08G

ASDF09D

ASDF09E

ASDF09F

ASDF10B

ASDF10C

ASDF10D

ASDF10E

VIII Tahun 2007 Seri F

VIII Tahun 2007 Seri G

IX Tahun 2008 Seri D

IX Tahun 2008 Seri E

IX Tahun 2008 Seri F

X Tahun 2009 Seri B

X Tahun 2009 Seri C

X Tahun 2009 Seri D

X Tahun 2009 Seri E

Outstanding
(Rp Million)

200,000

200,000

68,000

145,000

221,000

134,000

50,000

84,000

260,000

Listing
Date

29-Jun-07

29-Jun-07

10-Mar-08

10-Mar-08

10-Mar-08

03-Apr-09

03-Apr-09

03-Apr-09

03-Apr-09

Maturity
Date

28-Dec-10

28-Jun-11

06-Sep-10

06-Mar-11

06-Sep-11

02-Oct-10

02-Apr-11

02-Oct-11

02-Apr-12

Issue
Term

42 Months

48 Months

30 Months

36 Months

42 Months

18 Months

24 Months

30 Months

36 Months

Coupon
Structure

Coupon
Payment
Date

Rating

Fixed 10.3%

28-Dec-10
28-Mar-11
28-Jun-11
28-Sep-11

idAAstable

Fixed 10.35%

28-Sep-10
28-Dec-10
28-Mar-11
28-Jun-11

idAAstable

Fixed 9.875%

06-Sep-10
06-Dec-10
06-Mar-11
06-Jun-11

idAAstable

Fixed 10.125%

06-Sep-10
06-Dec-10
06-Mar-11
06-Jun-11

idAAstable

Fixed 10.3%

06-Sep-10
06-Dec-10
06-Mar-11
06-Jun-11

idAAstable

Fixed 13.83%

02-Oct-10
02-Jan-11
02-Apr-11
02-Jul-11

idAAstable

Fixed 14.56%

02-Jul-10
02-Oct-10
02-Jan-11
02-Apr-11

idAAstable

Fixed 14.90%

02-Oct-10
02-Jan-11
02-Apr-11
02-Jul-11

idAAstable

Fixed 14.90%

02-Jul-10
02-Oct-10
02-Jan-11
02-Apr-11

idAAstable

23-Sep-10
10.

ASDF11A

XI Tahun 2010 Seri A

430,000

19-Mar-10

23-Mar-11

370 Days

Fixed 8.47%

23-Dec-10
23-Mar-11

idAAstable

23-Jun-11
18-Sep-10
11.

ASDF11B

XI Tahun 2010 Seri B

275,000

19-Mar-10

18-Mar-12

24 Months

Fixed 9%

18-Dec-10
18-Mar-11

idAAstable

18-Jun-11
18-Sep-10
12.

ASDF11C

XI Tahun 2010 Seri C

250,000

19-Mar-10

18-Sep-12

30 Months

Fixed 10%

18-Dec-10
18-Mar-11

idAAstable

18-Jun-11

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

53

No.

Code

Outstanding
(Rp Million)

Series Name

Listing
Date

Maturity
Date

Issue
Term

Coupon
Payment
Date

Coupon
Structure

Rating

18-Sep-10
13.

ASDF11D

XI Tahun 2010 Seri D

106,000

19-Mar-10

18-Mar-13

36 Months

18-Dec-10

Fixed 10.4%

18-Mar-11

idAAstable

18-Jun-11

14.

ASDF11E

15.

XI Tahun 2010 Seri E

ASDF11F

XI Tahun 2010 Seri F

69,000

370,000

19-Mar-10

19-Mar-10

18-Sep-13

18-Mar-14

42 Months

48 Months

Fixed 10.75%

18-Sep-10
18
S 10
18-Dec-10
18-Mar-11
18-Jun-11

idAAstable

Fixed 10.9%

18-Sep-10
18-Dec-10
18-Mar-11
18-Jun-11

idAAstable

TRADING HIGHLIGHT
ASDF08F
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

10.624 10.240
19-Mar 28-May
10.624 10.787
10.481 10.240
10.523 10.518
WA1
48.66
40.66
Volume2
97.3% 81.3%
Turnover3
Modified Duration (Yrs): 9.275
Last
Date
High
Low

Q4

10.051
31-Jul
10.088
10.051
10.057
49.00
98.0%

Q1
-

Q2
-

9.736
22-Feb
9.806
9.727
9.767
36.00
72.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ASDF08G
Trading Volume
(Rp Billion)

TRADING MOVEMENT

120.00

Average
Yield (%)

12.5

100.00

10.0

80.00

7.5

60.00
5.0

40.00

2.5

20.00
-

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

54

Executed
Yield (%)

2009
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 9.670
Last
Date
High
Low

2010
Q3

Q4

10.036
28-Sep
10.036
10.036
10.055
3.00
6.0%

Q1
-

9.821
18-Feb
9.839
9.780
9.797
100.00
200.0%

Q2
9.919
30-Jun
9.921
9.919
9.920
6.00
12.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

ASDF09D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.00

10.0

16.00

8.0

12.00

6.0

8.00

4.0

4.00

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

8.209
8.089
18-Mar 19-May
8.321
8.250
8.209
8.089
1
8.279
8.209
WA
16.00
4.00
Volume2
94.1% 23.5%
Turnover3
Modified Duration (Yrs): 9.799
Last
Date
High
Low

2010
Q3

Q4

Q1

7.954
15-Sep
7.954
7.954
7.954
6.00
35.3%

7.815
21-Dec
7.991
7.815
7.883
2.90
17.0%

Q2

7.652
01-Mar
7.652
7.652
7.652
1.58
9.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ASDF09E
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.00

10.0

16.00

8.0

12.00

6.0

8.00

4.0

4.00

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0

2010
Q3

Last
Date
g
High
Low

Q4
-

Q1
-

Q2

7.995
08-Mar
8.016
7.995
8.002
15.00
41.4%

8.020
23-Jun
8.020
7.948
7.973
15.00
41.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ASDF09F
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30.0

10.0

24.0

8.0

18.0

6.0

12.0

4.0

6.0

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

1
WA
Volume2
Turnover3
Modified Duration (Yrs): 6.701
Last
Date
g
High
Low

2010
Q3

8.205
11-Aug
8.205
8.205
8.205
12.00
21.7%

Q4
8.160
10-Nov
8.160
8.160
8.160
24.00
43.4%

Q1
8.179
31-Mar
8.179
8.179
8.179
2.00
3.6%

Q2
8.219
06-Apr
8.219
8.219
8.219
11.00
19.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

55

ASDF10B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10.0

15.0

8.0

12.0

6.0

9.0

4.0

6.0

2.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

N/A 12.971
N/A 16-Jun
N/A 12.971
N/A 12.971
N/A 12.971
WA1
2
N/A
1.00
Volume
N/A
3.0%
Turnover3
Modified Duration (Yrs): 4.283

Q4
-

Last
Date
High
Low

12.872
14-Dec
13.366
12.866
13.031
6.00
17.9%

Q1

Q2

12.857
19-Jan
13.348
12.857
13.276
7.00
20.9%

12.497
25-Jun
12.525
12.497
12.511
4.00
11.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ASDF10C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.0

15.0

16.0

12.0

12.0

9.0

8.0

6.0

4.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 3.851
Last
Date
g
High
Low

2010
Q3

Q4
-

Q1

Q2

13.429 13.378 13.061


17-Dec 13-Jan 18-May
13.465 14.037 13.061
13.429 13.378 13.048
13.447 13.679 13.055
14.00
10.00
18.00
80.0% 144.0% 112.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ASDF10D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10.0

15.0

8.0

12.0

6.0

9.0

4.0

6.0

2.0

3.0

Q1-09

56

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 5.311
Last
Date
g
High
Low

2010
Q3

Q4
-

14.347
03-Dec
14.347
14.347
14.347
2.00
9.5%

Q1

Q2
-

13.870
26-May
13.870
13.870
13.870
5.00
23.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

ASDF10E
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50.0

15.0

40.0

12.0

30.0

9.0

20.0

6.0

10.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

N/A 13.526
N/A 19-May
N/A 13.567
N/A 13.526
N/A 13.546
WA1
2
N/A
2.00
Volume
N/A
3.1%
Turnover3
Modified Duration (Yrs): 6.707

Q4
-

Last
Date
High
Low

Q1
-

Q2

13.953
19-Feb
13.953
13.953
13.953
2.00
3.1%

13.870
13-Apr
13.870
13.870
13.870
48.00
73.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ASDF11A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250.0

15.0

200.0

12.0

150.0

9.0

100.0

6.0

50.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)
Last
Date
g
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

N/A
7.843
N/A 25-Mar
N/A
7.843
N/A
7.841
N/A
7.843
N/A 236.00
N/A 219.5%

7.887
30-Jun
7.895
7.788
7.836
37.50
34.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

ASDF11B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25.0

15.0

20.0

12.0

15.0

9.0

10.0

6.0

5.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)
Last
Date
g
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

7.956
8.016
24-Mar 18-May
7.956
8.016
7.956
8.016
7.956
8.016
4.00
24.00
5.8% 34.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

57

ASDF11C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250.0

15.0

200.0

12.0

150.0

9.0

100.0

6.0

50.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

N/A
8.679
8.754
N/A 15-Mar 25-May
N/A
8.679
8.754
N/A
8.679
8.752
N/A
8.679
8.754
N/A 100.00 208.00
N/A 160.0% 332.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

ASDF11D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.0

15.0

16.0

12.0

12.0

9.0

8.0

6.0

4.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

8.960
18-Mar
8.960
8.960
8.960
2.00
7.5%

8.967
02-Jun
8.971
8.895
8.945
18.00
67.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

ASDF11E
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

60.0

15.0

48.0

12.0

36.0

9.0

24.0

6.0

12.0

3.0

Q1-09

58

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

9.202
9.288
19-Mar 14-Jun
9.202
9.288
9.202
9.121
9.202
9.252
4.00
48.50
23.2% 281.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

ASDF11F
Trading Volume
(Rp Billion)

500.0

15.0

400.0

12.0

300.0

9.0

200.0

6.0

100.0

3.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Last
Date
High
Low
WA1
Volume2
Turnover3

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

9.304
9.391
18-Mar 17-Jun
9.304
9.393
9.304
9.243
9.304
9.383
9.00 437.00
9.7% 472.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

1.

ASDF08F

10.051

10.787

10.057

% of Total

Turnover
Ratio
(%)

0.49

69.16%

9.275

TRADING VOLUME
(Billion Rp)
138

Modified
Duration (Yrs)
End of Year

2.

ASDF08G

10.036

10.036

10.055

0.01

1.50%

9.670

3.

ASDF09D

7.815

8.321

7.883

29

0.10

42.50%

9.799

4.

ASDF09E

5.

ASDF09F

8.160

8.205

8.160

36

0.13

16.29%

6.701

6.

ASDF10B

12.866

13.366

13.031

0.02

5.22%

4.283

7.

ASDF10C

13.429

13.465

13.447

10

0.04

20.00%

3.851

8.

ASDF10D

14.347

14.347

14.347

0.01

2.38%

5.311

9.

ASDF10E

13.526

13.567

13.546

0.01

0.77%

6.707

227

0.80

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

59

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
ASDF08F

Q2-2009
41

49

Outstanding

Q3-2009
49

Q4-2009

Outstanding

200

ASDF08G
Outstanding

200

ASDF09D

16

Outstanding

68

ASDF09E
Outstanding

145

ASDF09F

12

24

Outstanding

221

ASDF10B
Outstanding

134

ASDF10C

10

Outstanding

50

ASDF10D

Outstanding

84

ASDF10E
Outstanding

260
-

60

50

100

150

200

250

300

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

61

BASS BAHTERA ADIMINA SAMUDRA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Total Building 8th - 9th Fl.
Jln. Letjen. S. Parman Kav. 106A, Jakarta 11440
Phone : (021) 568-0481
Fax : (021) 568-0487/88

N.A
Fishery
Panudju Adjie Ibrahim
Bank Mandiri (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bahtera Adimina Samudra Tbk (hereinafter called the Company)
founded on August 5, 1989. The Company is meant to engage in fishery
business mainly in fish-catching. The Company is a subsidiary of Kompak
Group-Fishery Division.
In line with the growth of fishery industry in Indonesia, the Companys
business activities grows rigorously. The Companys is aware of the
need to gain sufficient experience with limited risks prior to investing its
capital to establish a strong basis into fishery business.
In 1997, with a five-year experience on hand, the Company was
committed to make a significant investment by acquiring fishing vessels
in its effort to accomplish its goals.

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

100
637
172,540
3,298
178,531
282,622
8,303
290,925
650,000
175,653
1,757
100
-304,632
-112,394

118
569
99,640
108,860
273,609
10,721
284,330
650,000
175,653
1,757
100
-367,708
-175,470

17.44
N/A
N/A
-10.64
-42.25
-100.00
-39.02
-3.19
29.12
-2.27
N/A
-20.71
-56.12

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

3 400
3,400
-3,400
-97,919
-101,319
6,269
-113,374

11,719
719
-1,719
-64,647
-66,367
-6,589
-63,076

N/A
N/A
N/A
-49.43
49 43
49.43
33.98
34.50
N/A
N/A
44.37

-2.59
-63.50

-1.62
-57.94

37.40
8.76

BALANCE SHEETS

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.
1.

62

Code
BASS01XXBFTW

Series Name
I Tahun 2000

Outstanding
O
di
(Rp Million)
75,000

Listing
Li i
Date
12-Jun-00

Maturity
M i
Date
05-Jun-10

IIssue
Term
5 Years

Coupon
Payment
P
Date

Coupon
C
Structure
Year 1: 15%;
Year 2-5: 16%

05-Mar-08
05-Jun-08
05-Sep-08
05-Dec-08

Rating
N.A.

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BASS01XXBFTW
Trading Volume
(Rp Billion)

15

12.5

12

10.0

7.5

5.0

2.5

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 30.256
Last
D t
Date
High
Low

2010
Q3

Q4

10.840
0.75
4.0%

23 No
23-Nov
14.25
76.0%

Q1

Q2

7.308
19 Jan
19-Jan
7.308
7.308
7.308
4.00
21.3%

21-Jun
21 J n
1.50
8.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

BASS01XXBFTW

Low

High

100 000
100.000

% of Total

Turnover
Ratio
(%)

15

0 05
0.05

20 00%
20.00%

15

0.05

TRADING VOLUME
(Billion Rp)

10 840
10.840

TOTAL

Modified
Duration (Yrs)
End of Year
30 256
30.256

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BASS01XX
BFTW

-1
-1

Q2-2009

Q3-2009

Q4-2009

Outstanding

14

Outstandin
g

75
-

10

20

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

30

40

50

60

70

80

63

BBMI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK SYARIAH MUAMALAT INDONESIA TBK


:
:
:
:
:

idBBB(sy)
Bank
www.muamalatbank.com
Delyuzar Syamsi
Bank Negara Indonesia (Persero) Tbk.

PROFILE
Bank Muamalat Indonesia (BMI) was established on 24 Rabius Tsani
1412 H or November 1,1991, endorsed by the Indonesian Council of
Ulemas (MUI), several Muslim who later congregate into the Indonesian
Muslim Intellectuals Association (ICMI) and the Indonesia Government.
Muamalat commenced operations on 27 Syawwal 1412 H or May 1,1992.
Supported by prominent Indonesian Moslem Scholars, Leaders and
a group of Moslem entrepreneurs, and won the support of the general
public.
BMIs activities are based on Sharia principle. BMI establishment as the
pioneer of Sharia Bank in Indonesia and its experience in surviving the
economic crisis in 1997-1998, made its existance bring a strong influence
to inspire the Islamic banking and financial industry in Indonesia. BMI
also play its role to develop industry by establishing Takaful Insurance,
Muamalat Pension Fund, Muamalat Institute, BaituMaal Muamalat, AlIjarah Indonesia Finance.
BMI offers several sharia products ranging from wadiah (demand deposits
and saving), mudharabah (time deposit and saving), as well as financing
with varieties of products including murabahah, istishna, salam, Ijarah,
mudharabah,and musyarakah. BMI provides other financial services
such as wakalah, kafalah, hiwalah,etc.
In 2004, BMI launched its flagship product, called Shar-E, which is the
instant saving account card product that can be used as ATM card and
Debit Card. Shar-E is sold through BMI office network, SOPP Pos on line
and agents. As of March 31,2009, Shar-E reached more than 2 million
account and make Shar-E the fastest percentage growth rate in the
number of customers for a bank product in Indonesia.
As of March 31,2009, BMIs shareholders consist of Islamic Development
Bank (28.01%), Boubyan Bank of Kuwait (21.28%), Atwill Holding Ltd
(15.32%), and others (35.39%). To support operation, BMI has 1 main
operational office, 75 branches offices, 51 sub branches, 115 Cash
Offices, 43 Gerai Muamalat outlet and connected realtime online with
4,000 SOPP Pos outlets. BMIs networks are supported by various
delivery channel: ATM network at almost all ATMs in Indonesia through
its own ATM and shared ATM (ATM PRIMA/BCA/Bersama, MEPS in
Maybank, Hong Leong Bank, Affin Bank and Southern Bank); Debit
PRIMA/BCA; Phone Banking (SalaMuamalat); Mobile Banking (M-Bank),
PC Banking,etc.

64

ADDRESS
Arthaloka Building, 5th Fl.
Jln. Jend. Sudirman No. 2, Jakarta 10220
Phone : (021) 251-1414, 251-1470, 251-1451
Fax : (021) 251-1465, 251-1453
FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2008 Dec-2009
Change %
BALANCE SHEETS
Cash on Hand
16.56
227,098
264,713
Placements with Other Banks
50,293 2,358,271 4,589.08
29,850
154,046
Marketable Securities
416.07
5,136,750 10,704,767
Loans
108.40
Investments
41,144
-100.00
89,423
179,376
Fixed Assets
100.59
Other Assets
438,164
542,118
23.73
Total Assets
12,596,715 16,027,179
27.23
805,783 1,245,299
Deposits
54.55
32,040
12,482
Taxes Payables
-61.04
100,244
70,197
-29.97
Fund Borrowings
113,442
55,068
Other Liabilities
-51.46
1,336,335 1,707,126
Total Liabilities
27.75
10,294,201
Minority Interests
-100.00
1,950,000
1,950,000
Authorized Capital
p
, ,
, ,
Paid up Capital
492,791
492,791
820
820
Paid up Capital (Shares)
1,000 & 500 1.000 & 500
Par Value
Retained Earnings
340,901
272,746
-19.99
966,180
898,035
-7.1
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

1,320,905
515,423
147,129
643,512
309,098
3,917
301,169
93,958
207,211

1,517,146
821,542
231,150
739,142
78,708
-13,947
64,761
14,569
50,192

14.86
59.39
57.11
14.86
-74.54
N/A
-78.50
-84.49
N/A
-75.78

1.38
1.64
15.69
23.40

1.90
0.31
3.31
5.19

37.44
-80.96
-78.91
-77.83

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

1.

Outstanding
(Rp Million)

Code

Series Name

SMKBBMI01

Sukuk Subordinasi
Mudharabah Tahun 2008

Listing
Date

314,000

11-Jul-08

Maturity
Date

10-Jul-18

Coupon
Payment
Date

Issue
Term

Coupon
Structure

10 Years

Year 1-5 : 17,17 %


Year 6-10 : 28,73%

Rating

10-Jul-10
10-Oct-10
10-Jan-11
10-Apr-11

Fitch :
A-(idn)

TRADING HIGHLIGHT
SMKBBMI01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25

15.0

20

12.0

15

9.0

10

6.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

2009

Executed
Yield (%)

Q1

Q2

12.696 12.515
13-Mar 10-Jun
13.069 12.620
12.696 12.306
12.941 12.484
WA1
3.00
11.40
Volume2
3.8% 14.5%
Turnover3
Modified Duration (Yrs): 2.599
Last
Date
High
Low

2010
Q3

Q4
12.947
30-Dec
13.061
12.530
12.821
22.70
28.9%

12.364
15-Sep
12.622
12.310
12.377
7.20
9.2%

Q1

Q2

12.947
18-Mar
12.947
12.566
12.844
14.00
17.8%

12.637
22-Jun
12.701
12.344
12.404
22.85
29.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1.

SMKBBMI01

Low

High

12.306

13.069

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

45

0.16

14.43%

45

0.16

TRADING VOLUME
(Billion Rp)

12.821

TOTAL

Modified
Duration (Yrs)
End of Year
2.599

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
SMKBBMI01

3 11 7

Q2-2009

Q3-2009

Q4-2009

Outstanding

23

Outstanding

314
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

100

150

200

250

300

350

65

BBNI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK NEGARA INDONESIA (PERSERO) TBK


:
:
:
:
:

ADDRESS
BNI Building, 24th Fl.
Jln.Jend.Sudirman Kav. 1, Jakarta 10220
Phone : (021) 572-8387, 572-8037
Fax : (021) 572-8295, 572-8053

idA+
Bank
www.bni.co.id
Intan Abdams Katoppo
Bank Mandiri (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bank Negara Indonesia (Persero) Tbk (the Bank) was established
on July 5, 1946 as Central Bank, located in Jakarta owned by Indonesia
Government. In 1955, the Bank changed to be general bank to support
the development of Indonesia economy. In 1992, the Banks name
was changed to PT Bank Negara Indonesia (Persero). On November
25, 1996, the Bank became the first state-owned bank to undertake an
Initial Public Offering by listing 25% of its shares at the Jakarta Stock
Exchange (the present Indonesia Stock Exchange) and changed its
name to PT Bank Negara Indonesia (Persero) Tbk.
Following the process of a Government recapitalization in 2000, and a
rights issue in 2007, public share ownership at BNI stood at approximately
23,64%.
The banks head office is located at Jl. Jend. Sudirman Kav. 1, Jakarta.
As of March 31 2010, the bank has 166 domestics brances, 848 subbrances, 26 sharia brances, 31 sharia sub-brances and 700 sharia
channeling outlet. In addition, BNIs network also includes 4 overseas
brances located in Singapore, Hong Kong, Tokyo, London and 1 agency
in New York.
BNI has direct ownership in these following subsidiaries : PT BNI
Multi Finance, PT BNI Securities, and PT BNI Life Insurance and BNI
Remittance Ltd.

Million Rp except Par Value

Dec-2008 Dec-2009
BALANCE SHEETS
Cash on Hand
4,428,192 4,903,316
Placements with Other Banks 22,641,940 29,622,162
Marketable Securities
9,874,051 19,197,927
Loans
106,342,351 113,922,685
Investments
104,653
51,267
Fixed Assets
201,741,069 3,707,940
Other Assets
2,479,605 2,898,406
Total Assets
201,741,069 227,496,967
167,264,390 192,288,136
Deposits
Taxes Payables
599,246
94,036
8,616,869 5,569,805
Fund Borrowings
4,663,795 5,133,675
Other Liabilities
Total Liabilities
186,279,343 208,322,445
Minority Interests
30,578
30,940
15,000,000
15,000,000
Authorized Capital
p
, ,
, ,
Paid up Capital
7,789,288 7,789,288
Paid up Capital (Shares)
15,274
15,274
Par Value
& 7,500 & 375& 7,500 & 375
Retained Earnings
2,597,420 4,662,449
15,431,148 19,143,582
Total Equity

Change %
10.73
30.83
94.43
7.13
-51.01
-98.16
16.89
12.77
14.96
-84.31
-35.36
10.08
11.83
1.18
79.50
24.06

INCOME STATEMENTS
Total Interest Income
16,628,139 19,446,766
Interest Expenses
6,716,256 8,313,998
Other Operating Income
3,548,889 4,295,385
Other Operating Expenses 7,227,642 7,991,230
1,874,523 3,386,114
Income from Operations
57,862
57,835
Non-Operating Income
Income Before Tax
1,932,385 3,443,949
706,480
957,230
Provision for Income Tax
-3,420
-2,724
Minority Interests
1,222,485 2,483,995
Net Income

16.95
23.79
21.03
10.56
80.64
-0.05
78.22
35.49
20.35
103.19

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

12.07
0.61
7.35
11.27

10.88
1.09
12.77
17.41

-9.85
80.19
73.74
54.46

AS OF JUNE 2010

No.

1.

66

Code

BBNI01XXBFTW

Series Name

I Tahun 2003

Outstanding
(Rp Million)

1,000,000

Listing
Date

14-Jul-03

Maturity
Date

10-Jul-11

Issue
Term

8 Years

C
Coupon
Payment
Date

Coupon
Structure

Fixed 13.125 %

10-Jan-08
10-Apr-08
10-Jul-08
10-Oct-08

Rating
idAAstable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BBNI01XXBFTW
Trading Volume
(Rp Billion)

400

12.5

320

10.0

240

7.5

160

5.0

80

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

10.138 10.579
24-Feb
23-Jun
24
Feb 23
J n
10.736 10.579
10.138 10.001
10.245 10.304
WA1
88.50 184.43
Volume2
35.4% 73.8%
Turnover3
Modified Duration (Yrs): 4.639
Last
D t
Date
High
Low

2010
Q3

Q4

10.468
25-Aug
25
A g
10.468
10.052
10.346
81.00
32.4%

Q1

Q2

10.428 10.367
22-Dec
22
Dec 31-Mar
31 Mar
10.552 10.742
10.336 10.356
10.501 10.398
38.00 362.50
15.2% 145.0%

10.196
30-Jun
30
J n
10.570
10.175
10.234
191.50
76.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

BBNI01XXBFTW

Low

High

10 001
10.001

10 736
10.736

% of Total

Turnover
Ratio
(%)

392

1 38
1.38

39 19%
39.19%

392

1.38

TRADING VOLUME
(Billion Rp)

10 501
10.501

TOTAL

Modified
Duration (Yrs)
End of Year
4 639
4.639

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BBNI01XXBFTW

89

Q2-2009

184

81

Q3-2009

Outstanding

38

Outstanding

1,000
-

100

200

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

Q4-2009

S T O C K

E X C H A N G E

300

400

500

600

700

800

900

1,000

67

BBRI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK RAKYAT INDONESIA (PERSERO) TBK


:
:
:
:
:

idAA+
Bank
www.bri.co.id
Muhamad Ali
Bank Mandiri (Persero) Tbk.

PROFILE
PT Bank Rakyat Indonesia (Persero) Tbk (BRI) is one of the largest and
oldest bank in Indonesia, founded on 16 December 1895, with the title
De Poerwokertosche Hulp En Spaarbank der Inlandsche Hoofden was
formed on that date in Purwokerto, Central Java. Over the course of its
existence, the name of the firm had been changed several times. Finally,
BRI was established based on Law No. 21 year 1968.
Previously wholly owned by the government of Indonesia, BRI went
public in November 2003. Currently, the Government owns 56.8% and
public own the rest. By the end of year 2009 BRI market capitalization
was Rp 94,37 trillion, contributed 4,82% of the total market capitalization
of the Indonesia Stock Exchange. BRI share is categorized as a blue
chip and is included in LQ 45.
BRI focuses to finance micro, small and medium enterprises (MSEMs).
At least 80% of its loan portfolios goes to MSMEs. BRI micro business
is one of the biggest micro businesses in the world. Given its business
nature BRI, it has the largest networks, with more than 6,300 outlets
spreading all over Indonesia, from rural areas to the cities. BRI also has
an enormous customer base with more than 32 million customers giving
a competitive advantage to develop its businesses including fee based
businesses.
To serve its customers, BRI has a wide range of banking products and
services. Kupedes, a loan product for micro borrower, is widely known
to micro entrepreneurs. In small and medium segment BRI provides
loans for working capital, fixed asset, consumer, export/import, etc. For
deposits, Simpedes is a prominent saving products in rural and small
towns, whereas Britama is designed for urban people. BRI also has time
deposit and demand deposit products.
Supported by a solid business model and infrastructure, BRI has become
the most profitable bank in Indonesia since 2005. BRI will expand its
business continuously to give a better value for all shareholders and
stakeholders.

68

ADDRESS
BRI I Building, Jln. Jend. Sudirman No. 44 - 46
Jakarta 10210
Phone : (021) 251-0244; 251-0254; 251-0264
Fax : (021) 250-0065, 250-0077, 570-1865
FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Million Rp except Par Value

Dec-2008
6,750,145
22,235,561
23,766,171
152,217,543
89,792
1,350,483
6,062,816
246,076,896
204,965,682
300,295
3,356,495
6,778,922
223,720,199
15,000,000
, ,
6,162,650
12,325
500
12,874,726
22,356,697

Dec-2009
8,139,304
40,495,057
24,478,132
194,242,503
111,461
1,366,212
5,235,421
316,947,029
260,378,168
343,492
13,611,399
7,068,716
289,689,648
15,000,000
, ,
6,164,926
12,330
500
17,834,694
27,257,381

INCOME STATEMENTS
Total Interest Income
28,096,633 35,334,131
Interest Expenses
8,445,579 12,284,636
Other Operating Income
2,535,236 3,269,594
Other Operating Expenses 10,996,546 11,959,515
Income from Operations
8,346,113 8,560,659
Non-Operating Income
475,899 1,330,569
8,822,012 9,891,228
Income Before Tax
Provision for Income Tax
2,863,644 2,582,936
Minority Interests
Net Income
- 7,308,292
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

10.01
29.71

10.63
2.31
20.68
24.23

Change %
20.58
82.12
3.00
27.61
24.13
1.16
-13.65
28.80
27.04
14.38
305.52
4.27
29.49
N/A
0.04
0.04
38.52
21.9
25.76
45.46
28.97
8.76
2.57
179.59
12.12
-9.80
N/A
N/A
6.21

-18.44

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

Code

Series Name

BBRI02

Subordinasi II Tahun
2009

No.

1.

Outstanding
(Rp Million)

2,000,000

Maturity
Date

Listing
Date

23-Dec-09

22-Dec-14

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

Rating

22-Dec-10
22-Mar-11
22-Jun-11
22-Sep-11

Fixed 10.95%

Fitch :
AA+
(idn)

TRADING HIGHLIGHT
BBRI02
Trading Volume
(Rp Billion)

300

15.0

250

9.0
6.0
3.0

50
-

Q2-09

Q3-09

Q4-09

Q1-10

2010
Q3

Q4
9.722
28-Dec
9.725
9.722
9.724
22.00
4.4%

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

9.603
31-Mar
9.725
9.603
9.701
80.00
16.0%

9.595
22-Jun
9.750
9.587
9.668
249.00
49.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 9.458

150
100

Q1

Last
Date
High
Low

12.0

200

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1.

BBRI02

Low
9.722

High

Weighted Avg.
Executed
Yield (%)

9.725

9.724

TOTAL

% of Total

Turnover
Ratio
(%)

22

0.08

1.10%

22

0.08

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
9.458

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BBRI02

Q2-2009

Q3-2009

Q4-2009

Outstanding

Outstanding

2,000
-

200

400

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

600

800

1,000

1,200

1,400

1,600

1,800

2,000

69

BBTN BANK TABUNGAN NEGARA (PERSERO)


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara BTN
Jln. Gajah Mada No. 1, Jakarta 10130
Phone : (021) 633-6733 ; 633-6789
Fax : (021) 633-6737

idAABank
www.btn.co.id
Rakhmat Nugroho
Bank Mega Tbk.

PROFILE
PT Bank Tabungan Negara (the Bank) was founded on February 9, 1950
under the name of Bank Tabungan Pos. Along with the governments
program in housing development; especially housing for low-income
segment, in 1974 The Bank was appointed as the housing loan financing
institution. Furthermore, in 1989, the banks status was changed into
a commercial bank and became Persero in 1992. In 1994, Bank BTN
began its operation as a Foreign Exchange Bank.
Based on the study conducted by an independent consultant, Price
Waterhouse Coopers, the government through the minister of State
Owned Company decided that the main function of Bank BTN was to
become public bank focused in non subsidy housing loan.
The Bank started its activities based on sharia principles on February 14,
2005 with the operation of the first Sharia branch in Jakarta - Harmony.
In 2008, the Bank became the first Bank in Indonesia in filling and listing
of Collective Investment Contract Asset Backed Securities (KIK-EBA).
To support its operation, as of March 31, 2010, The Bank has 81
branches (including 20 sharia branches), 205 sub-branches (including 1
sharia sub-branch), 2.045 cash offices, 12 SOPP Cash offices and 119
sharia services offices all over Indonesia. The Bank is domiciled at Jalan
Gajah Mada No. 1, Jakarta Pusat

FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
229,843
125,213
1,826,254
31,468,636
1,072,645
358,718
44,992,171
31,448,744
3,281,294
1,513,339
41,913,701
10,239,217
, ,
2,559,804
15
169,596
633,413
3,078,470

INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income

4,567,026
2,606,694
217,071
1,502,590
669,825
-4,292
665,533
235,059
430,474

5,729,941
3,427,732
264,857
1,763,409
739,438
6,379
745,817
239,574
490,453

25.46
31.50
22.01
17.36
10.39
N/A
12.06
1.92
N/A
13.93

13.62
0.96
9.43
14.67

9.71
0.84
8.56
12.90

-28.65
-12.40
-9.19
-12.01

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

70

Million Rp except Par Value

Dec-2009
Change %
294,357
28.07
132,925
6.16
200.26
5,483,561
27.20
40,029,401
N/A
1,236,672
15.29
477,303
33.06
58,516,058
30.06
40,214,954
27.87
N/A
-9.06
2,983,997
1,698,318
12.22
53,054,542
26.58
N/A
10,239,216
, ,
-0.00
4,357,029
70.21
8,714 57,633.69
500
-99.71
450,709
-28.84
5,461,516
77.41

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2009

No.

Code

Series Name

BBTN11

1.

XI Tahun 2005

BBTN12

2.

BBTN13B

4.

BBTN13C

5.

1,000,000

XIII Tahun 2009 Sei A

20-Sep-06

300,000

XIII Tahun 2009 Sei C

XIV Tahun 2010

07-Jul-05

300,000

XIII Tahun 2009 Sei B

BBTN14

6.

Listing
Date

750,000

XII Tahun 2006

BBTN13A

3.

Outstanding
(Rp Million)

900,000

1,650,000

01-Jun-09

01-Jun-09

01-Jun-09

14-Jun-10

Maturity
Date

06-Jul-10

19-Sep-16

29-May-12

29-May-13

29-May-14

11-Jun-20

Issue
Term

3 Years

4 Years

5 Years

10 Years

Rating

Fixed 12%

06-Jul-10
06-Oct-10
06-Jan-11
06-Apr-11

idAASO

Fixed 12.75%

19-Sep-10
19-Dec-10
19-Mar-11
19-Jun-11

idAASO

Fixed 11.75%

29-Aug-10
29-Nov-10
01-Mar-11
01-Jun-11

idAASO

Fixed 12.00%

29-Aug-10
29-Nov-10
01-Mar-11
01-Jun-11

idAASO

Fixed 12.25%

29-Aug-10
29-Nov-10
01-Mar-11
01-Jun-11

idAASO

Fixed 10.25%

11-Sep-10
11-Dec-10
11-Mar-11
11-Jun-11

idAA-

5 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

TRADING HIGHLIGHT
BBTN11
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

180

15.0

144

12.0

108

9.0

72

6.0

36

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

10.391 10.511
26-Feb 23-Jun
10.863 10.511
10.391 10.358
10.536 10.385
WA1
6.00 104.00
Volume2
3.2% 55.5%
Turnover3
Modified Duration (Yrs): 2.942
Last
Date
g
High
Low

2010
Q3

Q4

10.393
10-Sep
10.397
10.196
10.336
133.00
70.9%

10.500
30-Dec
10.722
10.429
10.494
44.00
23.5%

Q1
10.077
25-Mar
10.261
10.077
10.200
160.00
85.3%

Q2
3.141
22-Jun
3.158
2.762
3.138
96.45
51.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

71

BBTN12
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

200.0

12.5

160.0

10.0

120.0

7.5

80.0

5.0

40.0

2.5

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

9.926 10.637
31-Mar 23-Jun
11.435 10.787
9.926 10.596
1
10.593
10.749
WA
2
40.78
21.07
Volume
8.4%
16.3%
Turnover3
Modified Duration (Yrs): 8.627
Last
Date
High
Low

Q4

10.171
29-Sep
10.763
10.088
10.341
63.90
25.6%

Q1
-

Q2

10.239
24-Mar
10.637
9.662
10.435
187.00
74.8%

10.275
24-Jun
10.763
9.930
10.179
60.00
24.0%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BBTN13A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

450

10.0

360

8.0

270

6.0

180

4.0

90

2.0

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0

2010
Q3

Last
Date
High
Low

Q4
-

Q1
-

Q2

8.513
30-Mar
8.694
8.456
8.544
399.50
532.7%

8.498
22-Jun
8.527
8.498
8.524
17.56
23.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BBTN13B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100.0

10.0

80.0

8.0

60.0

6.0

40.0

4.0

20.0

2.0

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

N/A
8.813
N/A 09-Jun
N/A
8.813
N/A
8.813
1
N/A
8.813
WA
N/A
1.00
Volume2
N/A
1.3%
Turnover3
Modified Duration (Yrs): 8.767
Last
Date
High
Low

Q4
-

Q1

8.649
8.626
04-Dec 17-Feb
8.718
8.813
8.647
8.626
8.682
8.722
4.00
86.00
5.3% 114.7%

Q2
-

Q1-09

72

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

BBTN13C
Trading Volume
(Rp Billion)

35.0

10.0

28.0

8.0

21.0

6.0

14.0

4.0

7.0

2.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

N/A
8.902
N/A 26-Jun
N/A
8.902
N/A
8.882
1
N/A
8.891
WA
N/A
3.00
Volume2
N/A
1.3%
Turnover3
Modified Duration (Yrs): 8.812
Last
Date
High
Low

2010
Q3

Q4

8.930
29-Sep
8.930
8.688
8.909
33.00
14.7%

8.890
21-Dec
8.890
8.890
8.890
28.00
12.4%

Q1

Q2

8.679
10-Mar
8.795
8.679
8.712
20.00
8.9%

8.783
22-Apr
8.800
8.783
8.791
8.00
3.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

BBTN14
Trading Volume
(Rp Billion)

180.0

10.0

144.0

8.0

108.0

6.0

72.0

4.0

36.0

2.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

8.451
29-Jun
8.454
8.422
8.444
170.00
41.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

1.
2.

BBTN11

10.196

10.863

10.494

BBTN12

9.926

11.435

10.341

3.

BBTN13A

% of Total

Turnover
Ratio
(%)

287

1.01

38.27%

2.942

126

0.44

12.57%

8.627

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

4
4.

BBTN13B

8 647
8.647

8 813
8.813

8 682
8.682

0 02
0.02

1 67%
1.67%

8 767
8.767

5.

BBTN13C

8.688

8.930

8.890

64

0.23

7.11%

8.812

482

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

73

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BBTN11

104

133

Q2-2009

Q3-2009

Outstanding

44

Outstanding

750

BBTN12

41

64

Outstanding

1,000

BBTN13A

Outstanding

300

BBTN13B

Outstanding

300

BBTN13C

Outstanding

900
-

74

Q4-2009

100

200

300

400

500

600

700

800

900

1,000

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

75

BCAF BCA FINANCE


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Wisma BCA Pondok Indah 2nd Fl.
Jln. Metro Pondo Indah No. 10, Jakarta 12310
Phone : (021) 2997-3100
Fax : (021) 2997-3200

idA+ & Aa3.id


Financial Institution
www.bcafinance.co.id
Amirdin Halim
Bank Mega Tbk.

PROFILE
PT BCA Finance is a fast-growing automotive financing company of BCA
group and one of the main leader in financing industries in Indonesia.
The Company has 35 branch offices (incl. 1 marketing representative) in
32 big cities all over Indonesia, more than 160,000 customers, and fully
supported by PT Bank Central Asia Tbk, as well as its largest network in
branches and ATMs in Indonesia.
Currently, the Companys activities include:
1. Consumer finance (automotive), including new cars, used cars,
high class cars to medium-low class cars.
2. Leasing, and
3. Factoring.
On March 23, 2010, the Company issued BCA Finance Bonds III Year
2010 (Bond III) and BCA Finance Subordinated Bonds I Year 2010
(Sub Bond I). Bond III consists of 4 (four) tranches, with different time
of maturity and interest rate for each tranch. The Bonds III ratings were
idAA- from Pefindo and AA(idn) from Fitch Ratings. The Sub Bond I
ratings were idA+ from Pefindo and AA-(idn) from Fitch Ratings.
In 2009, the Company earned several numbers of Awards, namely:
1. InfoBank Multifinance Award 2009 with excellence predicate in
2008 Financial Performance, from InfoBank Magazine;
2. InfoBank Multifinance Golden Trophy for achieved excellence
predicate in Financial Performance in 5 (five) consecutive years,
from InfoBank Magazine;
3. Best Multifinance 2009 for asset category IDR 1-2 trillion, from
Investor Magazine;
4. Best Bond Issuer 2009 for Bond Issuer Asset category above IDR
1 trillion, from Investor Magazine.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

Change %

Dec-2008

Dec-2009

1,471
21,686

990
7,475

-32.68
-65.53

1,435,143

1,902,262

32.55

15,760
14,812
1,496,886
498,088
30,126
967,402
20
200,000
58,952
6
10,000
474,959
529,484

8,110
15,893
2,013,507
500,889
57,579
1,192,693
20
200,000
58,952
6
10,000
766,289
820,814

-48.54
7.29
N/A
34.51
0.56
91.13
23.29
61.34
55.02

INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax

513,270
513 270
235,633
277,637

801,612
801 612
259,563
542,048

56.18
56 18
10.16
N/A
95.24

Net Tax
Net Income

84,693
192,944

154,246
387,802

82.12
100.99

1.83
12.89
37.59
54.09

1.45
19.26
48.38
67.62

-20.47
49.42
28.69
25.01

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

76

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

BCAF02C

1.

BCAF02D

2.

BCAF03A

3.

Outstanding
(Rp Million)

II Tahun 2007 Seri C

125,000

II Tahun 2007 Seri D

125,000

II Tahun 2010 Seri A

211,500

Listing
Date

28-Feb-07

28-Feb-07

24-Mar-10

Maturity
Date

27-Aug-10

27-Feb-11

23-Jun-11

Issue
Term

42 Months

48 Months

15 Months

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 11.00%

27-Aug-10
27-Nov-10
27-Feb-11
27-May-11

idAAstable

Fixed 11.375%

27-Aug-10
27-Nov-10
27-Feb-11
27-May-11

idAAstable

Fixed 8.65%

23-Sep-10
23-Dec-10
23-Mar-11
23-Jun-11

idAA-

23-Sep-10
BCAF03B

4.

II Tahun 2010 Seri B

88,500

24-Mar-10

23-Mar-12

24 Months

23-Dec-10

Fixed 9.05%

23-Mar-11

idAA-

23-Jun-11
23-Sep-10
BCAF03C

5.

II Tahun 2010 Seri C

100,000

24-Mar-10

23-Mar-13

36 Months

23-Dec-10

Fixed 10.45%

23-Mar-11

idAA-

23-Jun-11
23-Sep-10
BCAF03D

6.

II Tahun 2010 Seri D

100,000

24-Mar-10

23-Mar-14

48 Months

23-Dec-10

Fixed 10.95%

23-Mar-11

idAA-

23-Jun-11
23-Sep-10
Subordinasi I Tahun
2010

BCAF01SB

7
7.

100 000
100,000

24-Mar-10

23-Mar-15

60 Months

23-Dec-10

Fixed 11.2%
11 2%

23-Mar-11

idA+

23-Jun-11

TRADING HIGHLIGHT
BCAF02C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

170

12.5

136

10.0

102

7.5

68

5.0

34

2.5

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

8.196
8.237
8.220
05-Mar 25-Jun 30-Sep
8.226
8.309
8.283
8.185
8.183
8.117
8.198
8.280
8.181
WA1
101.82
62.18 141.50
Volume2
325.8% 199.0% 452.8%
Turnover3
Modified Duration (Yrs): 5.686
Last
Date
High
Low

Q4

Q1

Q2

8.069
5.419
7.804
05-Nov 18-Mar 10-May
7.839
8.116
5.426
8.012
7.775
5.419
8.069
7.796
5.424
19.00
76.50
4.00
60.8% 244.8% 12.8%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

77

BCAF02D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

60

12.5

48

10.0

36

7.5

24

5.0

12

2.5

Executed
Yield (%)

2009
Q2

Q1

2010
Q3

8.611
8.644
29-Jan 07-May
8.660
8.644
8.600
8.644
1
8.618
8.644
WA
2
53.00
22.00
Volume
169.6% 70.4%
Turnover3
Modified Duration (Yrs): 8.645
Last
Date
High
Low

8.373
30-Sep
8.642
8.352
8.434
31.00
99.2%

Q4
8.338
02-Oct
8.401
8.338
8.379
27.00
86.4%

Q1

Q2

8.223
30-Mar
8.583
8.223
8.312
19.50
62.4%

8.197
09-Jun
8.553
8.186
8.213
10.30
33.0%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BCAF03A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

500.0

12.5

400.0

10.0

300.0

7.5

200.0

5.0

100.0

2.5

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

7.997
8.098
23-Mar 24-Jun
7.997
8.148
7.995
7.835
7.997
8.024
29.00 470.50
54.8% 889.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

BCAF03B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15.0

12.5

12.0

10.0

9.0

7.5

6.0

5.0

3.0

2.5

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1
8.327
23-Mar
8.327
8.325
8.326
6.00
27.1%

Q2
8.392
29-Jun
8.561
8.359
8.471
10.00
45.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

78

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

BCAF03C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

120.0

12.5

96.0

10.0

72.0

7.5

48.0

5.0

24.0

2.5

Executed
Yield (%)
Last
Date
High
o
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
-

9.525
02-Jun
9.533
9.401
9.439
96.00
384.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

BCAF03D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

120.0

12.5

96.0

10.0

72.0

7.5

48.0

5.0

24.0

2.5

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
-

9.766
14-Jun
9.850
9.753
9.804
112.00
448.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

BCAF01SB
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

5.0

12.5

4.0

10.0

3.0

7.5

2.0

5.0

1.0

2.5

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2
-

10.147
28-Apr
10.147
10.147
10.147
2.50
10.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

79

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BCAF02C

2.

BCAF02D

Low

High

8.012

8.309

8.069

8.338

8.660

8.379

TOTAL

% of Total

Turnover
Ratio
(%)

325

1.14

259.60%

5.686

133

0.47

106.40%

8.645

458

1.61

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BCAF02C

102

Outstanding

Q3-2009

Q4-2009

62

Outstanding
142

19

125

BCAF02D

53

22

Outstanding

31

27

125
-

80

Q2-2009

50

100

150

200

250

300

350

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

This page is intentionally right blank

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

81

BDKI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK DKI (BPD DKI)


:
:
:
:
:

ADDRESS
Jln. Ir. H Juanda III/7-9
Jakarta Pusat
Phone : (021) 231-2623, 231-3102, 231-4567
Fax : (021) 231-2893, 351-7660

idABank
Moch. Syahroni
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bank DKI (the Bank) was established under the name of PT Bank
Pembangunan Daerah Djakarta Raya as stated in the Notarial Deed No.
30 dated 11 April 1961.
The Bank focuses on four main segments that provide opportunities for
long-term sustainable growth, namely consumer banking, commercial
banking and mortgage banking segment and SMEs, as well as Syaria
banking.
As of 2010, The Bank has won several awards from Indonesia Contact
Center Association also infoBank magazine.

Million Rp except Par Value

Dec-2008 Dec-2009
BALANCE SHEETS
Cash on Hand
397,591
529,315
Placements with Other Banks
661,167 2,113,769
Marketable Securities
5,005,406 4,469,838
Loans
6,247,475 6,769,819
917
Investments
171,454
180,665
Fixed Assets
Other Assets
25,429
16,838
Total Assets
13,547,165 15,341,085
Deposits
9,678,901 12,234,171
Taxes Payables
34,046
27,487
Fund Borrowings
286,535
210,308
Other Liabilities
158,415
Total Liabilities
12,734,839 14,434,324
Minority Interests
1,500,000
1,500,000
Authorized Capital
p
, ,
, ,
Paid up Capital
600,325
600,325
1
1
Paid up Capital (Shares)
Par Value
1,000,000 1,000,000
Retained Earnings
212,000
295,601
812,326
906,761
Total Equity

Change %
33.13
219.70
-10.70
8.36
-100.00
5.37
-33.78
13.24
26.40
-19.27
-26.60
-100.00
13.35
N/A
39.43
11.63

INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

672,412
752,624
92,587
553,686
156,221
15,727
171,948
55,539
116,408

1,661,211
858,942
108,215
672,228
204,176
-2,991
201,185
60,493
140,692

147.05
14.13
16.88
21.41
30.70
N/A
17.00
8.92
N/A
20.86

15.68
0.86
17.31
23.23

15.92
0.92
8.47
12.29

1.54
6.73
-51.08
-47.10

AS OF JUNE 2010

No.

1.

2.

82

Code

Series Name

BDKI05A

V Tahun 2008

BDKI05B

S b di i I TTahun
h
Subordinasi
2008

Outstanding
(Rp Million)

425,000

325,000

Listing
Date

05-Mar-08

05-Mar-08

Maturity
Date

04-Mar-13

04-Mar-18

Issue
Term

C
Coupon
Payment
Date

Coupon
Structure

5 Years

10 Years

Rating

Fixed 11.25%

04-Jun-08
04-Sep-08
04-Dec-08
04-Mar-09

idA
stable

Y 11-5:
5 Fi
25%
Year
Fixedd 12
12.25%
Year 6-10: 22.25%

04-Jun-08
04-Sep-08
04
S 08
04-Dec-08
04-Mar-09

idA
idAstable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BDKI05A
Trading Volume
(Rp Billion)

250.0

10.0

200.0

8.0

150.0

6.0

100.0

4.0

50.0

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

Q3

8.678
8.778
31-Mar
22-May
31
Mar 22
Ma
9.724
8.778
8.609
8.778
8.828
8.778
WA1
37.80
5.00
Volume2
35.6%
4.7%
Turnover3
Modified Duration (Yrs): 9.091
Last
D t
Date
High
Low

Q4

Q1

Q2

8.559
8.628
8.777
14-Dec
26-May
24-Mar
14
Dec 24
Mar 26
Ma
9.515
9.446
9.423
8.538
8.636
8.628
8.713
8.978
8.975
85.00
31.50 245.50
29.6% 231.1% 80.0%

8.612
29-Sep
29
Sep
9.223
8.612
8.806
35.00
32.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

BDKI05B
Trading Volume
(Rp Billion)

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q1

Q2

9.170
12.292
03-Mar
03
Mar 26-Jun
26 Jun
12.292 11.418
9.111
9.170
1
10.019
9.573
WA
55.00
50.00
Volume2
61.5% 67.7%
Turnover3
Modified Duration (Yrs): 7.916
Last
D t
Date
High
Low

2010
Q3

Q4

11.414
27-Aug
27
Aug
11.436
9.098
10.509
23.00
28.3%

9.072
30-Dec
30
Dec
11.347
8.969
10.278
31.00
38.2%

Q2

Q1
9.117
30-Mar
30
Mar
10.927
9.072
9.481
43.00
52.9%

9.074
23-Jun
23
Jun
10.996
8.185
9.335
51.00
62.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10
Q2 10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Low

High

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

No.

Code

1
1.

BDKI05A

8 609
8.609

9 724
9.724

8 975
8.975

109

0 39
0.39

25 72%
25.72%

9 091
9.091

2.

BDKI05B

8.969

12.292

10.278

159

0.56

48.92%

7.916

268

0.95

TOTAL

% of Total

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BDKI05A

38

35

Q2-2009

Q3-2009

Q4-2009

Outstanding

32

Outstanding

425

BDKI05B

55

50

23

31

Outstanding

325
-

50

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

150

200

250

300

350

400

450

83

BDMN BANK DANAMON INDONESIA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Bank Danamon 7th Fl., Jln. Prof. DR. Satrio Kav. E4/6
Mega Kuningan, Jakarta - 12950
Phone : (021) 5799-1001 - 03 (H)
Fax : (021) 5799-1160/61

idAA+
Bank
www.danamon.co.id
Dini Herdini
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
Established in 1956, PT Bank Danamon Indonesia Tbk (Danamon) is
the second largest private national bank and the fifth largest commercial
bank in Indonesia, with a 5% share of the domestic system loans and
deposits. Danamon has the widest geographic distribution network of
all Indonesian banks. Danamon is recognized as Indonesias leading
SME and consumer bank and also serves corporate and institutional
customers across Indonesia.
Presently, Asia Financial Indonesia Pte. Ltd (AFI) owns 67.59% of
Danamon shares. The holders of the AFI shares are Temasek Holdings
(Pte) Ltd. and Deutsche Bank AG. Temasek Holdings is The Singapore
investment holding company with many renowned companies in
Singapore as its subsidiary companies. Some of them are Singapore
Airlines and DBS Bank, one of the biggest financial services assembling
in Asia. Another 32.26% of Danamons shares are owned by the public
owned.
The Bank has direct ownership in the following subsidiaries: PT Adira
Dinamika Multi Finance Tbk (95%), PT Asuransi Adira Dinamika (90%)
and PT Adira Quantum Multifinance (99%). The Bank entitled to 75%
of PT Adira Dinamika Multi Finances net income starting from January
2004.
The Banks head office is located at Menara Bank Danamon building,
Jalan Prof. Satrio Kav. E4, No. 6 Mega Kuningan, Jakarta. And As
of March 2010 the Bank has 81 domestic branches, 1197 domestic
supporting branches and danamon simpan pinjam, 11 sharia branches
and 1 overseas branch.

BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Million Rp except Par Value

Dec-2008
4,161,520
3,508,786
4,137,089
63,410,474
12,053
1,905,024
5,035,898
107,268,363
75,439,859
213,278
2,543,620
2,484,704
96,159,098
530,197
10,000,000
, ,
3,631,865
5,046

Change %
-49.12
19.40
7.12
-7.95
434.46
-5.39
-10.45
-8.08
-9.00
-9.96
-5.90
4.96
-14.00
-81.85
46.04
66.27
10.76
49.41

Dec-2009
2,117,368
4,189,435
4,431,548
58,367,570
64,419
1,802,274
4,509,726
98,597,953
68,654,042
192,041
2,393,561
2,607,984
82,695,967
96,235
10,000,000
, ,
5,303,992
8,390

50,000 & 500 50,000 & 500

6,989,413 7,741,634
10,579,068 15,805,751

INCOME STATEMENTS
Total Interest Income
16,118,989 17,666,110
Interest Expenses
6,841,478 7,469,309
822,896
901,103
Other Operating Income
Other Operating Expenses 7,674,346 8,611,794
Income from Operations
2,671,141 2,782,112
Non-Operating Income
6,696
-411,552
Income Before Tax
2,677,837 2,370,560
Provision for Income Tax
875,833
756,838
-271,982
-81,189
Minority Interests
1,530,022 1,532,533
Net Income

9.60
9.18
9.50
12.22
4.15
N/A
-11.47
-13.59
70.15
0.16

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

-42.44
8.97
-8.61
-4.97

9.09
1.43
9.49
16.57

5.23
1.55
8.67
15.75

AS OF JUNE 2010

No.

1.

84

Code

BDMN01B

Series Name

I Tahun 2007 Seri B

Outstanding
(Rp Million)

1,250,000

Listing
Date

20-Apr-07

Maturity
Date

19-Apr-12

Issue
Term

5 Years

Coupon
Structure

Fixed 10.60%

C
Coupon
Payment
Date
19-Jan-08
19-Apr-08
19-Jul-08
19-Oct-08

Rating
idAA+
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BDMN01B
Trading Volume
(Rp Billion)

700

10.0

560

8.0

420

6.0

280

4.0

140

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

8.530
8.814
27
Mar 30
J n
27-Mar
30-Jun
10.022
9.027
8.300
8.257
8.634
8.638
WA1
118.46 159.40
Volume2
37.9% 51.0%
Turnover3
Modified Duration (Yrs): 5.744
Last
D t
Date
High
Low

2010
Q3

Q4

8.354
30
Sep
30-Sep
8.603
8.257
8.392
67.24
21.5%

8.443
28
Dec
28-Dec
8.537
8.360
8.420
246.69
78.9%

Q1

Q2

8.389
8.254
31
Mar 21
J n
31-Mar
21-Jun
8.661
8.320
8.340
8.200
8.411
8.282
218.90 597.60
70.0% 191.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
Low

No.

Code

1
1.

BDMN01B

High

8 257
8.257

Weighted Avg.
Executed
Yield (%)

10 022
10.022

8 420
8.420

TOTAL

% of Total

Turnover
Ratio
(%)

592

2 09
2.09

47 34%
47.34%

592

2.09

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
5 744
5.744

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BDMN01B

118

159

Q2-2009
67

Q3-2009

Q4-2009

Outstanding

247

Outstanding

1,250
-

250

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

500

750

1,000

1,250

85

BEXI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

LEMBAGA PEMBIAYAAN EKSPOR INDONESIA


:
:
:
:
:

idABank
www.bexi.co.id
Enny Listyorini
Bank Mandiri (Persero) Tbk.

PROFILE
Indonesia Eximbank formerly Bank Ekspor Indonesia is a special
financial institution was established by the Act of Republic of Indonesia
Number 2 of 2009 concerning Lembaga Pembiayaan Ekspor
Indonesia (LPEI) and signed by the President of Republic of Indonesia
on January 12, 2009. The Ministry of Finance of the Republic of
Indonesia officially launches the institution on September 1st, 2009.
It is the basis for national export development through a National
Export Financing scheme by providing export financing, guarantee
and insurance, in both conventional and sharia-based principles.
In order to serve its role and function effectively, it operates independently,
on the basis of special legislation (lex specialis) with sovereign status.
Indonesia Eximbank is a special institution, that is not adhere to
the laws and regulations on banking, State Owned Enterprise,
financing institution or financing company, and insurance business.
However, its business performance shall adhere to the
material provisions on the financing, guarantee and insurance.
Indonesia Eximbank can carry out special Governments assignment
to provide financing, guarantee and insurance for any transactions or
projects that are commercially not viable, yet it is deemed necessary
by the Government to support its policy or the national Export program.
To carry out such duties, Indonesia Eximbank shall be supported by
an agile organization that is responsive in the company management.
Therefore, it applies One Board System that is considered the most
appropriate form for Indonesia Eximbank. One member of the Board of
Directors is decided by the Minister as the Chairman of the Board of
Directors that concurrently appointed as the Executive Director (CEO).
The guidance and supervision of Indonesia Eximbank shall be
conducted by the Minister of Finance of the Republic of Indonesia.
The initial capital of Indonesia Eximbank amounts to at least Rp 4.0
trillion that is derived from the equity of BEI, and has been set aside from
state asset management.
In the event the Indonesia Eximbanks capital become less than IDR.
4,000,000,000,000.00 (four trillion rupiah), the Government shall
cover such deficiency from the State Budget based on the applicable
mechanism.

86

ADDRESS
Indonesia Stock Exchange Building, Tower II 8th Fl.
Jln. Jend. Sudirman Kav. 52-53, Jakarta 12190
Phone : (021) 515-4638
Fax : (021) 515-4639
FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2008 Dec-2009
Change %
BALANCE SHEET
Cash on Hand
-54.72
464
210
Placements with Other Banks
286.95
634,141 2,453,803
969,227 1,318,840
Marketable Securities
36.07
9,216,530 8,731,225
Loans
-5.27
Investment
N/A
5,217
6,810
Fixed Assets
30.53
Other Assets
68,640
114,960
67.48
Total Assets
11,191,257 12,972,436
15.92
942,831
Deposits
-100.00
Taxes Payable
-95.49
942,831
42,516
Fund Borrowings
12,315 4,948,707 40,085.28
Other Liabilities
-95.92
3,952,480
161,076
Total Liabilities
164,854 8,615,690 5,126.26
Minority Interest
-100.00
6,906,020
Authorized Capital
p
3,000,000
, ,
3,000,000
, ,
Paid up Capital
3,000,000 3,000,000
Paid up Capital (Shares)
3
3
Par Value
1,000,000 1,000,000
1,285,237
35,160
-97.26
Retained Earnings
1.67
Total Equity
4,285,237 4,356,746
INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

992,792
447,707
28,078
125,986
349,834
1,308
351,142
109,494
241,648
0.04
2.16
24.34
35.24

1,114,379
502,536
75,875
150,094
192,158
1,778
193,936
66,433
127,503

12.25
12.25
170.23
19.14
-45.07
35.97
-44.77
-39.33
N/A
-47.24

1.98 5,040.48
0.98
-54.48
11.44
-52.99
17.24
-51.06

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

BEXI03B

III Tahun 2006 Seri B

BEXI03C

2.

3.

150,000

IV Tahun 2009 Seri B

BEXI04C

5.

200,000

III Tahun 2006 Seri C

BEXI04B

4.

Outstanding
(Rp Million)

157,000

IV Tahun 2009 Seri C

BEXI04D

607,000

IV Tahun 2009 Seri D

1,427,000

Listing
Date

29-Sep-06

29-Sep-06

19-Jun-09

19-Jun-09

19-Jun-09

Maturity
Date

28-Sep-10

28-Sep-11

18-Jun-12

18-Jun-14

18-Jun-16

Issue
Term

4 Years

5 Years

3 Years

Rating

Fixed 12.700%

28-Sep-10
28-Dec-10
28-Mar-11
28-Jun-11

idAAA

Fixed 12.800%

28-Sep-10
28-Dec-10
28-Mar-11
28-Jun-11

idAAA

Fixed 11.625%

18-Sep-10
18-Dec-10
18-Mar-11
18-Jun-11

idAAA

Fixed 12%

18-Sep-10
18-Dec-10
18-Mar-11
18-Jun-11

idAAA

Fixed 12.75%

18-Sep-10
18-Dec-10
18-Mar-11
18-Jun-11

idAAA

5 Years

7 Years

Coupon
Payment
Date

Coupon
Structure

TRADING HIGHLIGHT
BEXI03B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100.0

12.5

80.0

10.0

60.0

7.5

40.0

5.0

20.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

12.051 11.725
27-Mar 05-Jun
12.492 12.320
11.942 11.725
1
11.988
12.085
WA
43.88
18.10
Volume2
87.8% 36.2%
Turnover3
Modified Duration (Yrs): 7.975
Last
Date
High
Low

Q4

12.198 11.773
28-Aug 29-Dec
12.198 12.313
11.863 11.633
12.086 11.706
27.00
87.00
54.0% 174.0%

Q1

Q2

11.914
09-Mar
11.914
11.574
11.671
13.50
27.0%

11.542
13-Apr
11.542
11.542
11.542
1.00
2.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BEXI03C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15

15.0

12

12.0

9.0

6.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

12.167 12.324
15-Jan 20-May
12.247 12.330
12.167 12.324
12.203 12.327
WA1
6.00
8.00
Volume2
16.0% 21.3%
Turnover3
Modified Duration (Yrs): 5.805
Last
Date
High
Low

2010
Q3

12.324
17-Jul
12.324
12.324
12.324
1.00
2.7%

Q4
12.116
30-Nov
12.116
12.116
12.116
3.00
8.0%

Q1
12.116
31-Mar
12.116
12.116
12.116
5.00
13.3%

Q2
12.213
29-Jun
12.326
11.743
11.971
10.00
26.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

87

BEXI04B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

180

12.5

144

10.0

108

7.5

72

5.0

36

2.5

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

N/A 10.021
N/A 30-Jun
N/A 10.021
N/A 10.021
1
N/A 10.021
WA
2
N/A
2.00
Volume
N/A
5.1%
Turnover3
Modified Duration (Yrs): 4.962
Last
Date
High
Low

Q4

Q1

Q2

9.767
9.543
9.554
9.773
27-Aug 01-Dec 30-Mar 25-May
10.021
9.602
9.677
9.773
9.767
9.536
9.554
9.589
9.828
9.579
9.630
9.664
13.00
44.00 168.00
19.00
33.1% 112.1% 428.0% 48.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BEXI04C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 3.458
Last
Date
High
Low

2010
Q3

Q4

9.859
10-Sep
10.104
9.859
10.019
93.00
61.3%

Q1
-

Q2

9.689
22-Feb
9.733
9.686
9.719
22.00
14.5%

9.702
22-Jun
10.021
9.684
9.914
45.00
29.7%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BEXI04D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

180

12.5

144

10.0

108

7.5

72

5.0

36

2.5

Executed
Yield (%)

Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): 5.441
Last
Date
High
Low

2010

2009

Q3

Q4

10.110
01-Sep
10.355
10.091
10.248
39.00
10.9%

10.111
25-Nov
10.289
10.111
10.170
35.00
9.8%

Q1

Q2

9.733 10.637
25-Mar 26-May
10.517 10.637
9.730
9.773
10.181
9.992
157.00
28.00
44.0%
7.8%

Q1-09

88

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING STATISTICS 2009


Executed Yield (%)

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

0.62

87.99%

7.975

0.06

12.00%

5.805

0.21

37.58%

4.962

TRADING VOLUME

No.

Code

Low

High

1.

BEXI03B

11.633

12.492

11.706

(Billion Rp)

2.

BEXI03C

12.116

12.330

12.116

18

3.

BEXI04B

9.536

10.021

9.579

59

176

Modified
Duration (Yrs)
End of Year

4
4.

BEXI04C

9 859
9.859

10 104
10.104

10 019
10.019

93

0 33
0.33

15 32%
15.32%

3 458
3.458

5.

BEXI04D

10.091

10.355

10.170

74

0.26

5.19%

5.441

420

1.48

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BEXI03B

44

Q2-2009

Q3-2009

Q4-2009

Outstanding

87

Outstanding

200

BEXI03C
Outstanding

150

BEXI04B

44

Outstanding

157

BEXI04C

93

Outstanding

607

BEXI04D

3935

Outstanding

1,427
-

200

400

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

600

800

1,000

1,200

1,400

1,600

89

BFIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BFI FINANCE INDONESIA TBK


:
:
:
:
:

ADDRESS
MNC Tower, 25th Fl. Jln. Kebon Sirih No. 17 - 19
Jakarta - 10340
Phone : (021) 391-0110, 392-0061, 392-0091
Fax : (021) 391-2005, 392-0607

Baa1.id
Financial Institution
www.bfi.co.id
Cornellius Henry
Bank Mega Tbk.

PROFILE
Founded in 1982, as a joint venture with Manufacturer Hanover of the
USA, BFI Finance Indonesia is one of the oldest finance companies in
Indonesia. Since 1990, BFI is listed on the Indonesia Stock Exchange.

FINANCIAL HIGHLIGHT

BALANCE SHEETS

Million Rp except Par Value

Change %

Dec-2008

Dec-2009

315,083
-

165,759
-

-47.39
N/A

2,429,818

1,916,165

-21.14

366,610
366,610
3,530,672
50,294
2,173,176
1,000
500,000
380,170
760
500
619,421
1,357,496

13,009
54,864
61,831
2,392,980
25,357
858,810
1,000
500,000
380,170
760
500
796,094
1,534,170

N/A
-85.03
-83.13
-32.22
N/A
-49.58
-60.48
28.52
13.01

BFI is a major player in the heavy equipment leasing and automotive


financing industry in Indonesia. Its receivable portfolio is well diversified
across geography, brands and vehicles type. Almost 72% of BFI
business is in used cars, 12% in new cars, 8% in used motorcycle and
8% in heavy equipment.

Cash & Cash Equivalents


Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

BFI was awarded the Best Multi-Finance Company since 2006 to


2009 by Infobank Magazine and Investor Magazine which assigned to
these companies based on criteria including net profit, equity, assets
and liabilities. BFI also awarded the 2009 Anugerah Business Review
from Business Review Magazine in four categories: 1st rank for the Best
GCG, 3rd rank for the Best Marketing, 3rd rank for the Best CEO, 4th
rank for the Best Corporation 2009.

INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax

889,940
889 940
559,701
330,240

909,590
909 590
517,524
392,066

2.21
2 21
-7.54
N/A
18.72

Net Tax
Net Income

98,479
231,761

90,698
301,368

-7.90
30.03

1.60
6.56
26.04
37.11

0.56
12.59
33.13
43.10

-65.03
91.86
27.22
16.16

Following the Asian financial crisis in 1998, BFI became one of a small
number of companies that successfully managed to restructure its debts
early and without governments assistance in 2001.
Currently BFI is majority owned by foreign shareholders that are leading
institutional funds.
After the debt restructuring, BFI shifted its concentration to car financing
and leasing. At the same time it shifted its focus to resources-rich
Sumatera and Borneo. .As of December 2009 BFI has 76 branches
spread out across Indonesia.
BFI is licensed to operate as a finance company from the Ministry of
Finance, and currently engages in leasing and consumer financing
activities.

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

90

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

BFIN03A

1.

II Tahun 2009 Seri A

BFIN03B

2.

II Tahun 2009 Seri B

BFIN03C

3.

Outstanding
(Rp Million)

II Tahun 2009 Seri C

65,000

30,000

65,000

Listing
Date

18-Jan-10

18-Jan-10

18-Jan-10

Maturity
Date

20-Jan-11

15-Jul-11

15-Jan-12

Issue
Term

Coupon
Payment
Date

Coupon
Structure

370 Days

18 Month

24 Month

Rating

Fixed 12.00%

20-Jan-08
20-Apr-08
20-Jul-08
20-Oct-08

idAstable

Fixed 12.75%

15-Jan-08
15-Apr-08
15-Jul-08
15-Oct-08

idAstable

Fixed 13.25%

15-Jan-08
15-Apr-08
15-Jul-08
15-Oct-08

idAstable

TRADING HIGHLIGHT
BFIN03A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15

10.0

12

8.0

6.0

4.0

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

8.943
15-Mar
9.027
8.943
8.996
10.30
63.4%

8.656
11-Jun
8.656
8.656
8.656
1.50
9.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BFIN03B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

35

12.5

28

10.0

21

7.5

14

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

N/A
9.781
N/A 16-Feb
N/A
9.866
N/A
9.766
9.860
N/A
N/A
33.00
N/A 440.0%

Q2
9.757
23-Jun
9.757
9.757
9.757
3.00
40.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BFIN03C
No Transaction in Year 2010

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

91

BFNC BHAKTI FINANCE


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Bhakti Finance Building
Jln. Abdul Muis No. 36, Jakarta - 10160
Phone : (021) 385-8080
Fax : (021) 384-8431

Baa2.id
Financial Institution
Purnadi Harjono
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bhakti Finance (the Company) was established under the name PT
Citra International Finance and Investment Corporation based on Act no.
64, November 14, 1989 made by Maria Lidwina Indriani Soepojo, SH.
Notary in Jakarta.
The name of PT Citra International Finance and Investment Corporation
was changed into PT Bhakti Finance based on act no. 48, November
10, 2003. Made by Aulia Taufani, SH. Subtitute Notary of Sutjipto, SH.,
Notary in Jakarta.
The Company is a subsidiary of PT Bhakti Capital Indonesia Tbk with
its headquarter in Jakarta and has branch offices spread throughout
potential areas for business in Indonesia, engaged in areas such as
leasing, factoring, and consumer financing with a focus for vehicles,
electronics, computers, home appliances and others while keeping its
sight open to new product opportunities with good prospects.
The Company has an integrated brand communication program under
the Bang Kredit as mascot.

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income

Million Rp except Par Value

Dec-2008
17,989
160

Dec-2009

Change %

5,679
-68.43
2,213 1,285.44

363,741

205,002

-43.64

5,139
22,354
5,073
464,915
200,719
2,776
364,932
0.3
280,000
70,000
0.1
1,000,000
29,984
99,984

3,748
20,716
6,921
360,228
95,190
962
255,542
0.3
280,000
70,000
0.1
1,000,000
34,686
104,686

-27.07
-7.33
36.41
-22.52
-52.58
-65.34
-29.98
15.68
4.70

156 942
156,942
141,340
15,602

134,914
134 914
128,471
6,442

-14.04
14 04
-9.10
N/A
-58.71

4,590
11,013

1,740
4,702

-62.09
-57.30

3.65
2.37
7.02
9.94

2.44
1.31
3.49
4.77

-33.12
-44.89
-50.33
-51.97

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

92

Code

BFNC02

Series Name

II Tahun 2007

Outstanding
(Rp Million)

150,000

Listing
Date

04-Dec-07

Maturity
Date

03-Dec-10

Issue
Term

3 Years

Coupon
Structure

Fixed 12.75%

Coupon
p
Payment
Date

Rating

03-Mar-08
Fitch :
03-Jun-08
BBB(idn)
03-Sep-08
Stable
03-Dec-08

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BFNC02
Trading Volume
(Rp Billion)

40.0

12.5

32.0

10.0

24.0

7.5

16.0

5.0

8.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2

Q1

8.784
- 28-Apr
28 Apr
8.784
8.784
8.784
WA1
5.00
Volume2
13.3%
Turnover3
Modified Duration (Yrs): 8.408
Last
D t
Date
High
Low

2010
Q3

Q4
9.277
30-Dec
30 Dec
9.295
9.277
9.279
33.50
89.3%

Q1

Q2

9.213
31 Mar
31-Mar
9.213
9.213
9.213
11.70
31.2%

9.035
29
J n
29-Jun
9.750
9.035
9.087
29.40
78.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10
Q2 10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

BFNC02

Low
8 784
8.784

High
9 295
9.295

% of Total

Turnover
Ratio
(%)

39

0 14
0.14

25 67%
25.67%

39

0.14

TRADING VOLUME
(Billion Rp)

9 279
9.279

TOTAL

Modified
Duration (Yrs)
End of Year
8 408
8.408

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BFNC02

- 5 -

Q2-2009

Q3-2009

Q4-2009

Outstanding

34

Outstanding

150
-

25

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

50

75

100

125

150

93

BJBR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK JABAR BANTEN (BPD JABAR BANTEN)


:
:
:
:
:

PROFILE
The Company was founded in Bandung under the name of PT Bank
Karja Pembangunan Daerah Djawa Barat. This establishment was
based on the Decree of Governor of Regional Government of West
Java Province No. 7/GKDH/BPD/61 dated 20 May 1961 regarding The
Regional Company Establishment of PT Bank Karya Pembangunan
Daerah Djawa Barat as a result of the nationalization of Dutch company
N.V. Denis (De Eerste Nederlandsch Indische Shareholding). In 1978,
the legal form of the Company has been changed from the Limited
Liability Company Bank Karya Pembangunan Daerah Djawa Barat to
Djawa Barat Regional Development Bank.
In 1992, based on the Decree of Bank of Indonesia No. 25/84/KEP/
DIR dated 2 November 1992 status of the Company has been promoted
to become Commercial Foreign Exchange Bank and according to the
permit of Bank of Indonesia No. 2/18/DpG/DPIP dated 12 April 2000,
commencing 15 April 2000, the Company became the first of Regional
Development Bank in Indonesia to use the dual banking system, both
Conventional and Sharia Systems.
In 1998, legal form of the Company has been changed to the Limited
Liability Company based on the Provincial Regulation of West Java
Province No. 22 Year 1998 dated 14 December 1998 regarding the
Change of Legal Form of Bank Pembangunan Daerah Jawa Barat
from Regional Company to the Limited Liability Company (PT) Bank
Pembangunan Daerah Jawa Barat. This transformation was further
regulated in Article of Association of the Company as stated in the Deed
of Establishment of PT Bank Pembangunan Daerah Jawa Barat No. 4
dated 8 April 1999 jo. Deed of Revision No. 8 dated 15 April 1999, both
executed before Ny. Popy Kuntari Sutresna, SH., notary in Bandung.
The articles of association of the Company has been amended as
stated in the Deed of the Extraordinary General Shareholders Meeting
PT Bank Jabar No. 2 dated 3 July 2007 jo. Deed of Amendment No. 9
dated 27 August 2007, both executed before Ny. Popy Kuntari Sutresna,
SH., MH., notary in Bandung, which amending name of the Company
became PT Bank Pembangunan Daerah Jawa Barat and Banten or
Bank Jabar Banten.

94

ADDRESS
Jln. Naripan No. 12-14
Bandung 40111
Phone : (022) 423-4868
Fax : (022) 421-4838, 420-2995

idA
Bank
www.bankjabar.co.id
Endang Ruchiyat
Bank Negara Indonesia (Persero) Tbk.
FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
1,303,688
3,847,527
2,887,668
16,103,322
29,791
499,147
346,404
26,113,653
18,347,050
128,816
35,886
696,141
23,558,999
4,000,000
, ,
1,495,598
5,982
250
1,013,553
2,554,654

Dec-2009
1,386,775
6,734,048
2,626,865
19,195,272
527,855
324,961
32,410,329
23,718,912
51,704
11,101
775,454
29,318,786
4,000,000
, ,
1,583,896
6,336
250
1,279,389
3,091,543

INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income

3,079,494
1,253,624
174,708
1,187,995
812,583
18,811
831,394
275,666
555,728

3,944,548
1,841,510
262,083
1,410,138
954,983
30,394
985,377
276,271
709,106

28.09
46.89
50.01
18.70
17.52
61.58
18.52
0.22
N/A
27.60

9.22
2.13
18.05
26.39

9.48
2.19
17.98
24.21

2.84
2.81
-0.38
-8.25

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Change %
6.37
75.02
-9.03
19.20
-100.00
5.75
-6.19
24.11
29.28
-59.86
-69.07
11.39
24.45
N/A
5.90
5.90
26.23
21.02

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

BJBR05

V Tahun 2006

BJBR06A

2.

3.

Outstanding
(Rp Million)

1,000,000

VI Tahun 2009 Seri A

BJBR06B

Listing
Date

11-Dec-06

350,000

VI Tahun 2009 Seri B

400,000

13-Jul-09

13-Jul-09

Maturity
Date

08-Dec-11

10-Jul-12

10-Jul-14

Issue
Term

5 Years

Rating

Fixed 11.25%

08-Dec-10
08-Mar-11
08-Jun-11
08-Sep-11

idA+
stable

Fixed 12%

10-Jul-10
10-Oct-10
10-Jan-11
10-Apr-11

idA+

Fixed 12.5%

10-Jul-10
10-Oct-10
10-Jan-11
10-Apr-11

idA+

3 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

TRADING HIGHLIGHT
BJBR05
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125.0

10.0

100.0

8.0

75.0

6.0

50.0

4.0

25.0

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

8.776
8.967
25-Feb 20-May
9.202
9.084
8.721
8.743
1
8.908
8.867
WA
2
24.00
114.00
Volume
9.6% 45.6%
Turnover3
Modified Duration (Yrs): 9.415
Last
Date
High
Low

2010
Q3

Q4

Q1

8.838
03-Sep
8.840
8.814
8.828
33.00
13.2%

8.972
21-Dec
8.972
8.770
8.801
41.90
16.8%

Q2

8.813
31-Mar
8.964
8.669
8.757
71.00
28.4%

8.872
22-Jun
8.874
8.756
8.809
119.55
47.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BJBR06A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250

12.5

200

10.0

150

7.5

100

5.0

50

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

Q4

N/A
N/A
9.755
N/A
N/A 27-Jul
N/A
9.856
N/A
N/A
N/A
9.730
N/A
N/A
9.797
WA1
N/A
N/A 111.00
Volume2
N/A
N/A 126.9%
Turnover3
Modified Duration (Yrs): 9.075
Last
Date
High
Low

Q1
-

9.853
12-Mar
10.041
9.774
9.885
229.00
261.7%

Q2
9.635
24-Jun
9.684
9.635
9.654
37.00
42.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

95

BJBR06B
Trading Volume
(Rp Billion)

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 4.816

Q4
-

Last
Date
High
Low

Q1

10.355
21-Dec
10.355
10.035
10.344
77.00
77.0%

Q2
-

9.712
23-Jun
9.962
9.708
9.790
37.00
37.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

BJBR05

8.721

9.202

8.801

213

0.75

21.29%

9.415

2.

BJBR06A

9.730

9.856

9.797

111

0.39

31.71%

9.075

3.

BJBR06B

10.035

10.355

10.344

77

0.27

19.25%

4.816

401

1.41

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BJBR05

24

114

Q2-2009

Q3-2009

Outstanding

33 42

Outstanding

1,000

BJBR06A

111

Outstanding

350

BJBR06B

77

Outstanding

400
-

96

Q4-2009

100

200

300

400

500

600

700

800

900

1,000

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

97

BLAM BANK LAMPUNG (BPD LAMPUNG)


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jln. Wolter Monginsidi No. 182
Bandar Lampung
Phone : (0721) 487-175, 489-127
Fax : (0721) 483-739, 483-219, 482-703, 486-601

idBBB
Bank
www.banklampung.co.id
Anton Parjiyo
Bank Mandiri (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bank Lampung (the bank) was established under the Bank
Pembangunan Daerah Lampung on August 1, 1964. The Bank legally
operated on January 31, 1966.
In April 1999, the Banks name and status were changed to Perseroan
Terbatas Bank Pembangunan Daerah Lampung (PT. Bank Lampung).
As of March 2010, the Provincial Government of Lampung has
47.69% ownership, while the remaining is owned by several Municipal
Governments in Lampung (49.32%) and Koperasi Karyawan (1.63%).
As developing economy and bank to improve capital and competition,
product expansion as well as giving a chance to the people to join as
shareholder by remain concerning on its function as general bank and
district cash holder.
The Banks focus on relatively secure consumer loans, expansion to
Civil Servants (Pegawai Negeri Sipil) through Kredit Pantas (Pinjaman
Angsuran Terbatas) and Small Medium Enterprise, which provides
promising growths with relatively small risks.

Million Rp except Par Value

BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
114,500
637,000
44,890
1,227,761
550
16,752
4,090
2,186,025
647,223
19,693
26,833
1,984,284
250,000
,
130,083
13
10,000
4,081
201,742

INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income

280,557
129,136
6,221
1,860
55,896
4,362
60,257
19,492
40,765

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

9.84
1.86
14.53
19.92

Dec-2009
Change %
144,887
26.54
11.62
711,041
44,800
-0.20
1,250,322
1.84
-100.00
18,329
9.41
6,326
54.69
2,287,867
4.66
1,637,119
152.95
N/A
18,543
-5.84
-100.00
3.91
2,061,817
N/A
250,000
,
130,083
13
10,000
95,967 2,251.31
226,050
12.05
1.22
283,972
0.88
130,276
22,492
261.55
97,359 5,135.66
31.51
73,508
5,074
16.34
78,582
30.41
22,684
16.38
N/A
55,898
37.12
-7.27
31.02
35.47
29.93

9.12
2.44
19.68
25.89

AS OF JUNE 2010

No.

1.

2.

98

Code

BLAM01B

BLAM02

Series Name

I Tahun 2005 Seri B

II Tahun 2007

Outstanding
(Rp Million)

59,000

300,000

Listing
Date

14-Jul-05

12-Nov-07

Maturity
Date

13-Jul-10

09-Nov-12

Issue
Term

Coupon
Structure

5 Years

5 Years

C
Coupon
Payment
Date

Rating

Fixed 12.9%

13-Jul-10
13-Oct-10
13-Jan-11
13-Apr-11

idBBB+
stable

Fixed 11.85%

09-Nov-10
09 F b 11
09-Feb-11
09-May-11
09-Aug-11

idBBB
idBBB+
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BLAM01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10.00

12.5

8.00

10.0

6.00

7.5

4.00

5.0

2.00

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

2010
Q3

9.992
12 J n
- 12-Jun
9.992
9.992
9.992
WA1
5.00
Volume2
33.9%
Turnover3
Modified Duration (Yrs): 6.106

Q4
-

Last
D t
Date
High
Low

Q1
-

Q2

9.505
09 Feb
09-Feb
9.557
9.505
9.522
6.00
40.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2
Q2-10
10

BLAM02
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250

10.0

200

8.0

150

6.0

100

4.0

50

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

8.236
8.476
31-Mar
31
Mar 30-Jun
30 Jun
8.476
8.398
8.236
8.403
1
8.311
8.475
WA
17.30
4.40
Volume2
23.1%
5.9%
Turnover3
Modified Duration (Yrs): 7.874
Last
D t
Date
High
Low

2010
Q3

Q4

Q1

Q2

8.265
8.348
8.454
8.475
29-Sep
29
Sep 22-Dec
22 Dec 31-Mar
31 Mar 02-Jun
02 Jun
9.019
8.471
9.081
9.174
8.348
8.348
8.020
8.265
8.591
8.526
8.376
8.648
31.40 113.00 190.60 145.40
41.9% 150.7% 254.1% 193.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)

TRADING VOLUME
% of Total

Modified
Duration (Yrs)
End of Year

Code

1
1.

BLAM01B

9 992
9.992

9 992
9.992

9 992
9.992

0 02
0.02

8 47%
8.47%

6 106
6.106

2.

BLAM02

8.236

9.019

8.591

166

0.59

55.37%

7.874

171

0.60

TOTAL

(Billion Rp)

Turnover
Ratio
(%)

No.

Low

High

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BLAM01B

Q2-2009

Q3-2009

Q4-2009

Outstanding

-5-

Outstanding

59

BLAM02

17 4

31

113

Outstanding

300
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

100

150

200

250

300

350

99

BLTA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BERLIAN LAJU TANKER TBK


:
:
:
:
:

idA+
Transportation
www.blt.co.id
Kevin Wong
Bank Niaga Tbk.

PROFILE
PT. Berlian Laju Tanker Tbk. (the Company) was established under the
name of PT. Bhaita Laju Tanker in 1981 and begin its transshipment
operation with tow oil tankers of a total capacity of 12,050 DWT. In 1988,
the Company officially changed its name to PT Berlian Laju Tanker.
The Companys business of providing marine transportation services,
with a particular focus on the transportation of liquid cargoes, has
expanded vigorously. This also relates to the much-increased demand
for petrochemical and vegetable oil products worldwide over the last
few years, which opened a number of opportunities for the Company
to expand the extent and range of its businesses. To better respond the
market demand, in 1986, the Company expanded its services to include
transportation of a wide range of chemicals, liquefied petroleum gas
(LPG) and vegetable oils.
In 1990, the Company became the first Indonesian shipping company
to be listed on the Indonesia Stock Exchange. Due to its extensive
international operational, sales and marketing network, the Company
maintains an expanding network overseas, while maintaining
commitment to keep secure control of its business operations and
to ensure that clients in these markets are fully integrated into the
Companys operational network. Thus, in addition to its offices in Jakarta,
Singapore, Hong Kong, Bangkok, Taiwan, Shanghai and Beijing, the
Company has also established marketing offices in Dubai to better serve
customers in the Middle East, an office in Mumbai for customers in South
Asia, Glasgow and Rotterdam offices for customers in Europe, and the
Westport, Connecticut and Sao Paolo, Brazil offices to serve customers
in the North and South America.
As an internationally established shipping company with extensive
operations abroad, the Company became the first Indonesian company
to be listed on the Singapore Exchange Securities Trading Ltd on 30
October 2006. Considering Singapores position as the largest regional
economic and transshipment center, this move is expected to put the
Companys growth in a strategic place for the future.
Delivers with safety, Competitiveness, and Timeliness is the Companys
motto to describe its commitment to provide excellent service equally to
all customers. This commitment is further substantiated by a number of
certifications issued by the International Safety Management Code (ISM
Code), the ISO 9001:2000 standard, the ISO 14001:2004 standard, and
with the OHSAS 18001:1999 standard, to the Company. The Companys
commitment to provide excellent transshipment service and its adherence
to the highest possible standards will ensure the constant success of its
business into the future.

100

ADDRESS
Wisma BSG 5th Fl., Jln. Abdul Muis No. 40
Jakarta - 10160
Phone : (021) 3006-0300
Fax : (021) 3006-0389, 3006-0391
FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
P
Par Value
V l
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Million Rp except Par Value

Dec-2008

Dec-2009

714,446
1,109,634
139,627
3,541,168
20,657,220
24 976 324
24,976,324
4,958,871
14,119,965
19,078,836
917,280
286,830
4,589
63
4,479,216
5,897,488

1,119,999
1,295,396
147,193
3,183,732
18,360,287
23 562 898
23,562,898
4,197,345
13,533,204
17,730,550
917,280
373,849
5,982
63
2,806,827
5,832,348

Change %
56.76
16.74
5.42
-10.09
-11.12
N/A
-5.66
5 66
-15.36
-4.16
-7.07
N/A
30.34
30.34
-37.34
-1.10

7,005,851 5,832,858
-16.74
4,762,118 4,579,835
-3.83
2,243,733 1,253,023
-44.15
351,819
310,600
-11.72
1,891,914
942,423
-50.19
-324,103 -3,630,026 -1,020.02
1,567,811 -2,687,603
N/A
9,849
9,065
-7.96
N/A
N/A
1,557,962 -2,696,668
3.24
6.24
22.24
27.00

3.04
-11.44
-46.23
16.16

-6.03
N/A
N/A
-40.17

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

Outstanding
(Rp Million)

1.

BLTA03

III Tahun 2007

700,000

SIKBLTA01

2.

BLTA04B

3.

6.

IV Tahun 2009 Seri B

BLTA04C

IV Tahun 2009 Seri C

SIKBLTA02A

Sukuk Ijarah II Tahun


2009 Seri A

SIKBLTA02B

Sukuk Ijarah II Tahun


2009 Seri B

4.

5.

Sukuk Ijarah Tahun 2007

200,000

150,000

190,000

45,000

55,000

Coupon
Payment
Date

Listing
Date

Maturity
Date

Issue
Term

Coupon
Structure

06-Jul-07

05-Jul-12

5 Years

Fixed 10.35%

05-Jul-10
05-Oct-10
05-Jan-11
05-Apr-11

idA
Stable

Ijarah Fee Rp 20.60


billion Quarterly

05-Jul-10
05-Oct-10
05-Jan-11
05-Apr-11

idA- (sy)
Stable

Fixed 15.50%

28-Aug-10
28-Nov-10
28-Feb-11
28-May-11

idA
stable

5 Years

Fixed 16.25%

28-Aug-10
28-Nov-10
28-Feb-11
28-May-11

idA
stable

3 Years

Ijarah Fee Rp150 million


per Rp1 billion pa

28-Aug-10
28-Nov-10
28-Feb-11
28-May-11

idA (sy)
Stable

5 Years

Ijarah Fee Rp162 million


per Rp1 billion pa

28-Aug-10
28-Nov-10
28-Feb-11
28-May-11

idA (sy)
Stable

06-Jul-07

29-May-09

29-May-09

29-May-09

29-May-09

05-Jul-12

28-May-12

28-May-14

28-May-12

28-May-14

5 Years

3 Years

Rating

TRADING HIGHLIGHT
BLTA03
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

9.326
11.515
30-Mar 30-Jun
13.779 11.754
9.482
9.220
9.939 10.377
WA1
2
19.05
74.25
Volume
10.9% 42.4%
Turnover3
Modified Duration (Yrs): 3.234
Last
Date
High
Low

2010
Q3

Q4

10.665
01-Sep
10.665
9.165
10.195
13.00
7.4%

9.454
29-Dec
12.018
9.454
10.399
82.50
47.1%

Q1
9.457
25-Mar
10.827
9.457
9.616
35.00
20.0%

Q2
9.393
21-Jun
9.621
8.549
9.372
52.26
29.9%

Weighted Average; Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

101

SIKBLTA01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50

12.5

40

10.0

30

7.5

20

5.0

10

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q3

Q4

9.406
28-Aug
9.410
9.322
9.346
1.40
2.8%

9.568
29-Dec
9.636
9.374
9.581
4.90
9.8%

Q2

9.636
9.477
19-Mar 24-Jun
10.629
9.770
9.551
9.477
9.700
9.627
WA1
2
1.50
2.30
Volume
3
3.0%
4.6%
Turnover
Modified Duration (Yrs): 3.710
Last
Date
High
Low

Q1

Q2

9.843
9.505
22-Mar 14-May
10.123
9.551
9.467
9.505
9.911
9.511
35.50
2.30
71.0%
4.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BLTA04B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

400.0

12.5

320.0

10.0

240.0

7.5

160.0

5.0

80.0

2.5

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

Executed
Yield (%)

2010

2009
Q1

Q3

Q2

Q4

Q1

Q2

N/A 10.238 10.872 10.300 10.150 10.238


N/A 29-May 31-Aug 30-Dec 30-Mar 29-Jun
N/A 10.848 10.872 10.812 10.845 10.285
N/A 10.238 10.067 10.005 10.136 10.072
N/A 10.795 10.164 10.361 10.320 10.249
WA1
51.50 121.30
N/A
12.00
52.30 341.50
Volume2
3
N/A 32.0% 137.3% 323.5% 139.5% 910.7%
Turnover
Modified Duration (Yrs): 7.172
Last
Date
High
Low

Weighted Average; Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BLTA04C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

300.0

12.5

240.0

10.0

180.0

7.5

120.0

5.0

60.0

2.5

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10

102

Executed
Yield (%)

Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 7.092
Last
Date
High
Low

2010

2009
Q3
-

Q4

10.368 10.455
30-Sep 30-Dec
10.511 11.085
10.201 10.217
10 381 10.448
10.381
10 448
56.00 163.00
117.9% 343.2%

Q1

Q2

10.572 10.506
08-Mar 31-May
10.572 10.561
10.350
9.436
10 496
10.496
9 841
9.841
25.00 264.00
52.6% 555.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

SIKBLTA02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

80

12.5

64

10.0

48

7.5

32

5.0

16

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

N/A 10.034
N/A 04-Jun
N/A 10.034
N/A 10.034
N/A 10.034
WA1
2
N/A
3.00
Volume
3
N/A 26.7%
Turnover
Modified Duration (Yrs): 6.664
Last
Date
High
Low

Q4

Q1

Q2

10.048
9.824
9.801
22-Jul 15-Oct 11-Mar
10.048
9.824
9.944
10.005
9.785
9.801
10.027
9.800
9.878
6.00
15.00
70.00
53.3% 133.3% 622.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

SIKBLTA02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

60

12.5

48

10.0

36

7.5

24

5.0

12

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

Q3

Q4

N/A 10.465 10.359


N/A 18-Jun 11-Sep
N/A 10.479 10.494
N/A 10.465 10.334
N/A 10.470 10.403
WA1
N/A
5.00
45.00
Volume2
3
N/A 36.4% 327.3%
Turnover
Modified Duration (Yrs): 7.102
Last
Date
High
Low

Q1

Q2

10.419 10.163
09-Dec 23-Feb
10.419 10.536
10.185 10.163
10.290 10.270
9.00
57.00
65.5% 414.5%

10.255
22-Jun
10.255
10.255
10.255
2.00
14.5%

Weighted Average; Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2010

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1.

BLTA03

Low

High

9.165

13.779

Weighted Avg.
Executed
Yield (%)
10.399

% of Total

Turnover
Ratio
(%)

0.75

30.40%

TRADING VOLUME
(Billion Rp)
213

Modified
Duration (Yrs)
End of Year
3.234

2.

SIKBLTA01

9.322

10.629

9.581

10

0.04

5.05%

3.710

3.

BLTA04B

10.005

10.872

10.361

185

0.65

123.20%

7.172

4.

BLTA04C

10.201

11.085

10.448

219

0.77

115.26%

7.092

5.

SIKBLTA02A

9.785

10.048

9.800

24

0.08

53.33%

6.664

6.

SIKBLTA02B

10.185

10.494

10.290

59

0.21

107.27%

7.102

710

2.50

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

103

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BLTA03

74

19

13

Q2-2009

Q3-2009

Outstanding

82

Outstanding

700

SIKBLTA01

Outstanding

200

BLTA04B

52

119

Outstanding

150

BLTA04C

163

56

Outstanding

190

SIKBLTA02A

- 15

Outstanding

45

SIKBLTA02B

Outstanding

45

55
-

104

Q4-2009

100

200

300

400

500

600

700

800

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

This page is intentionally right blank

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

105

BMRI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK MANDIRI (PERSERO) TBK


:
:
:
:
:

ADDRESS
Plaza Mandiri
Jln. Jend. Gatot Subroto Kav. 36-38 Jakarta 12190
Phone : (021) 526-5045, 526-5095
Fax : (021) 527-4477, 527-5577

(id)AA+
Bank
www.bankmandiri.co.id
Sukoriyanto Saputro
Bank Permata Tbk

FINANCIAL HIGHLIGHT

PROFILE
Bank Mandiri was formed on 2 October 1998, as part of the government of
Indonesias bank restructuring program. Bank Mandiri is the largest bank
in Indonesia. Bank Mandiri offers a comprehensive range of financial
solutions to private and state-owned large and medium corporations,
small and micro businesses as well as retail consumers.
In the highly competitive industry, Bank Mandiri continue to improve its
financial performance. As of December 31, 2009, Bank Mandiri total loan
is Rp198.50 trillion. Total deposits as of December 31, 2009, reached Rp
319.5 trillion, increasing 10.5% from the previous year.
Bank Mandiri has committed to delivering excellence in banking services
and to provide wide-ranging financial solutions in investment and sharia
products as well as bancassurance for our private and state-owned
corporate, commercial, small business and micro customers in addition
to our consumer clients.
This commitment had been recognized through the top ranking in
The Best Bank Service Excellence 2009/2010. AsiaMoney magazine
had recognized our commitment toward GCG principles by awarding
Corporate Governance Award for category Best Overall for Corporate
Governance in Indonesia and Best for Disclosure and Transparency.
Bank Mandiri, a listed state owned entreprises is majority owned by
Government of Republic Indonesia, with assets that have grown to
more than Rp 394.6 trillion as of December 31, 2009 and owns five
subsidiaries: Bank Syariah Mandiri, Mandiri Sekuritas, Axa Mandiri,
Bank Sinar Harapan Bali and Tunas Finance.

BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Million Rp except Par Value

Dec-2008
8,388,974
29,404,818
24,624,847
162,637,788
158,173
4,603,560
5,394,134
358,438,678
296,830,166
3,174,500
9,371,508
7,993,368
327,896,740
28,069
16,000,000
, ,
10,452,824
20,906
500
13,179,144
30,513,869

Dec-2009
8,867,881
41,402,410
18,153,392
184,690,704
186,848
4,963,306
3,812,265
394,616,604
330,336,908
1,855,829
3,944,356
9,132,586
359,318,341
189,494
16,000,000
, ,
10,485,058
20,970
500
17,858,633
35,108,769

Change %
5.71
40.80
-26.28
13.56
18.13
7.81
-29.33
10.09
11.29
-41.54
-57.91
14.25
9.58
575.10
0.31
0.31
35.51
15.06

INCOME STATEMENTS
Total Interest Income
27,336,237 32,598,964
19.25
Interest Expenses
12,051,637 15,821,849
31.28
Other Operating Income
4,653,007 5,484,363
17.87
6.72
Other Operating Expenses 9,379,761 10,009,867
31.91
Income from Operations
7,910,442 10,434,478
146.40
Non-Operating Income
158,118
389,596
Income Before Tax
8,068,560 10,824,074
34.15
Provision for Income Tax
2,753,244 3,625,586
31.68
-2,495
-43,024 -1,624.41
Minority Interests
Net Income
5,312,821 7,155,464
34.68
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

10.75
1.48
19.44
28.94

10.23
1.81
21.95
32.01

-4.76
22.34
12.94
10.61

AS OF JUNE 2010

No.

1.

106

Code

Series Name

BMRI01

Subordinasi Rupiah I
Tahun 2009

Outstanding
(Rp Million)

3,500,000

Listing
Date

14-Dec-09

Maturity
Date

11-Dec-12

Issue
Term

7 Years

Coupon
Structure

Fixed 11.85%

C
Coupon
Payment
Date
11-Dec-10
11-Mar-11
11-Jun-11
11-Sep-11

Rating

idAA+

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BMRI01
Trading Volume
(Rp Billion)

700

12.5

560

10.0

420

7.5

280

5.0

140

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.092
Last
D t
Date
High
Low

2010
Q3

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

9.339
29-Dec
29 Dec
9.339
9.256
9.304
143.80
16.4%

Q1

Q2

8.923
29-Mar
29 Mar
9.583
8.920
9.134
647.20
74.0%

9.005
24-Jun
24
J n
9.412
8.923
9.092
443.90
50.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1.

BMRI01

Low
9.256

High
9.339

Weighted Avg.
Executed
Yield (%)
9.304

TOTAL

% of Total

Turnover
Ratio
(%)

144

0.51

4.11%

144

0.51

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
9.092

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BMRI01

Q2-2009

Q3-2009

Q4-2009

Outstanding

- 144

Outstanding

3,500
-

500

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

1,000

1,500

2,000

2,500

3,000

3,500

107

BNIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BNI SECURITIES
:
:
:
:
:

ADDRESS
Sudirman Plaza, Indofood Tower 16th Fl.
Jln. Jend. Sudirman Kav. 76-78, Jakarta
Phone : (021) 570-1205, 2554-3946
Fax : (021) 5793-5831

idBBB+
Securities Company
www.bnisecurities.co.id
Selly Adriatika
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT BNI Securities (the Cpmpany) was established based on Notarial
Deed no. 22 dated April 12, 1995 which was lastly amended by Notarial
Deed No. 30 dated August 8, 2008.
According to article of the Companys Article of Association, the scope
of activities compromises underwriting, securities trading, investment
management, advisory management and other related activities allowed
by the Capital Market and Financial Institution Supervisory Agency
(Bapepam-LK) and other regulation.
The Company is domiciled at Sudirman Plaza Indofood Tower, 16th Fl.,
Jln. Jend. Sudirman Kav. 76-78 Jakarta 12910.
The company is a subsidiary of PT Bank Negara Indonesia (Persero)
Tbk with share composition ownership of 99.85% by December 2008,
while the remaining of 0.15% were owned by Employee Cooperation PT
BNI Securities.

Million Rp except Par Value

Dec-2008

Dec-2009

104,052
9,000
48,629

294,212
215,379

182.75
-100.00
342.90

Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

77,034
44,959
45,979
3,402
792,775
87,511

186,127
106,605
41,038
15,900
985,442
123,165

141.62
N/A
-100.00
-10.75
367.31
24.30
40.74

81,986
536,336
200,000
100,000
100
1,000
156,439
256,439

281,232
728,080
200,000
100,000
100
1,000
157,362
257,362

N/A
243.03
35.75
N/A
0.59
0.36

INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

38,317
96,798
-58,480
-39,240
-97,720
22,530
-75,191

150,136
140,063
10,073
-26,263
-16,190
-17,113
923

291.83
44.70
N/A
33.07
83.43
N/A
N/A
N/A

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

2.09
-9.48
-196.23
-152.62

2.83
0.09
0.61
6.71

35.26
N/A
N/A
N/A

BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers

Change %

AS OF JUNE 2010

No.

1.

108

Code

BNIS01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

300,000

Listing
Date

11-May-07

Maturity
Date

10-May-12

Issue
Term

5 Years

Coupon
Structure

Fixed 12.00%

Coupon
Payment
Date
10-Aug-10
10-Nov-10
10-Feb-11
10-May-11

Rating
idBBB
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BNIS01
Trading Volume
(Rp Billion)

70

10.0

56

8.0

42

6.0

28

4.0

14

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2

Q1

8.460
J n
- 11
11-Jun
9.523
8.460
8.952
WA1
15.00
Volume2
20.0%
Turnover3
Modified Duration (Yrs): 8.526
Last
D t
Date
High
Low

2010
Q3

Q4

8.615
03
J l
03-Jul
8.615
8.615
8.615
3.00
4.0%

8.565
03
Dec
03-Dec
8.565
8.565
8.565
10.00
13.3%

Q1

Q2

8.332
8.424
17
Mar 14
Ma
17-Mar
14-May
8.488
8.459
8.332
8.199
8.461
8.367
59.00
30.01
78.7% 40.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

BNIS01

Low
8 460
8.460

High
9 523
9.523

% of Total

Turnover
Ratio
(%)

28

0 10
0.10

9 33%
9.33%

28

0.10

TRADING VOLUME
(Billion Rp)

8 565
8.565

TOTAL

Modified
Duration (Yrs)
End of Year
8 526
8.526

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BNIS01

Q2-2009

Q3-2009

Q4-2009

Outstanding

- 15 3 10

Outstanding

300
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

100

150

200

250

300

109

BNLI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK PERMATA TBK


:
:
:
:
:

ADDRESS
Permata Bank Tower I, 17th floor
Jln. Jend Sudirman Kav. 27, Jakarta 12920
Phone : (021) 523-7899, 523-7999
Fax : (021) 252 4492

idA
Bank
www.permatabank.com
Katharine Grace
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bank Permata Tbk (the Bank) was formed in 2002 through a
merger of five banks under the oversight of IBRA (Indonesian Banking
Restructuring Agency), namely PT Bank Bali Tbk, PT Bank Universal
Tbk, PT Bank Prima Express, PT Bank Artamedia and PT Bank Patriot.
The Bank was established in Indonesia on December 17, 1954 based
on Notarial Deed No. 228 of Eliza Pondaag, substitute of Raden Mas
Soerojo, notary in Jakarta.
The deed of establishment was approved by the Minister of Justice of the
Republic of Indonesia (currently Minister of Justice and Human Rights)
in its Decision letter No. J.A.5/2/2 dated January 4, 1955, registered
in Jakarta District Court under No. 123 dated January 15, 1955 and
published in Supplement No. 292 to State Gazette of the Republic of
Indonesia No. 22 dated March 18, 1955.
The Banks Articles of Association have been amended several times,
with the latest amendment, effected by notarial deed No.41 dated May
22, 2009 of Benny Kristianto, S.H., notary in Jakarta. The deed has been
reported to the Minister of Justice and Human Rights of the Republic
of Indonesia based on the letter No. AHU-AH.01.10-07950 dated June
15, 2009, and published in Supplement No. 676 to State Gazette of the
Republic of Indonesia No. 66 dated August 18, 2009.
The Bank started its commercial operations on January 5, 1955.
According to article 3 of its Articles of Association, the Bank operates as
a commercial Bank. The Bank obtained the license a commercial Bank
under the Decision Letter of the Minister of Finance No. 19371/U.M.II
dated February 19, 1957, The Bank also obtained a license to engage
in foreign exchange activities and as a bank which engaged in activities
based on sharia principles based on the Decision Letter of the Monetary
Council of Bank Indonesia No. Sekr/D.M./97 dated May 8, 1956 and the
letter of Directorate of Sharia Banking No. 6/1082/DPbS dated October
5, 2004.

BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Million Rp except Par Value

Dec-2008
1,226,225
2,032,071
6,552,954
33,519,929
407
1,296,182
2,583,051
54,059,522
43,048,617
179,905
487,640
1,571,585
49,706,027
64,833
2,600,000
, ,
1,300,534
7,743

Dec-2009
1,145,742
2,720,134
4,767,298
39,585,076
396
1,195,437
1,751,517
56,009,953
66,348,444
131,252
319,184
1,926,065
51,107,365
67,076
2,600,000
, ,
1,300,534
7,743

-2,772,181 -2,292,026
4,288,662 4,835,512

Change %
-6.56
33.86
-27.25
18.09
-2.70
-7.77
-32.19
3.61
54.12
-27.04
-34.55
22.56
2.82
3.46
17.32
12.75

4,841,508
2,336,141
595,610
2,127,122
620,847
133,890
754,737
293,478
-8,850
452,409

6,069,599
3,198,109
785,280
2,393,585
739,562
27,060
766,622
280,545
-5,922
480,155

25.37
36.90
31.84
12.53
19.12
-79.79
1.57
-4.41
33.08
6.13

11.59
0.84
9.34
12.82

10.57
0.86
7.91
12.18

-8.81
2.44
-15.34
-4.98

12,500 & 125 12,500 & 125

AS OF JUNE 2010

No.

1.

110

Code

Series Name

BNLI01

Subordinasi I Tahun
2006

Outstanding
(Rp Million)

500,000

Listing
Date

15-Dec-06

Maturity
Date

14-Dec-16

Issue
Term

Coupon
Structure

10 Years

C
Coupon
Payment
Date

14-Dec-10
Year 1-5: 12.25%, Year 6- 14-Mar-11
10: 22.25%
14-Jun-11
14-Sep-11

Rating
idA
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BNLI01
Trading Volume
(Rp Billion)

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

9.736 10.027
30-Mar
18-Jun
30
Mar 18
J n
11.000 10.573
9.682
9.453
9.835 10.029
WA1
259.48
83.48
Volume2
207.6% 66.8%
Turnover3
Modified Duration (Yrs): 8.611
Last
D t
Date
High
Low

2010
Q3

Q4
9.746
22-Dec
22 Dec
9.809
9.732
9.762
58.00
46.4%

9.868
04-Sep
04 Sep
10.001
9.864
9.901
83.00
66.4%

Q1

Q2

9.606
29
Mar
29-Mar
9.934
9.574
9.685
39.50
31.6%

9.979
18-Jun
18
J n
10.001
9.535
9.770
46.00
36.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1
1.

BNLI01

Low

High

9 453
9.453

Weighted Avg.
Executed
Yield (%)

11 000
11.000

% of Total

Turnover
Ratio
(%)

484

1 71
1.71

96 79%
96.79%

484

1.71

TRADING VOLUME
(Billion Rp)

9 762
9.762

TOTAL

Modified
Duration (Yrs)
End of Year
8 611
8.611

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BNLI01

Q2-2009

Q3-2009

259

Outstanding

Q4-2009

Outstanding

83

83

58

500
-

50

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

150

200

250

300

350

400

450

500

111

BSDE BUMI SERPONG DAMAI TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Taman Perkantoran I BSD
Jln. Pahlawan Seribu, Tangerang - 15322
Phone : (021) 537-0161
Fax : (021) 537-0002, 537-0003

idBBB
Property And Real Estate
www.bsdcity.com
Feniyati Tenggara
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bumi Serpong Damai Tbk (the Company) was establish in 1984
by a consortium of shareholders with a vision to build the largest selfsustaining city in Indonesia namely BSD City. BSD City is located in
Serpong, 25 km south-west of Jakarta, with an approximate land area of
5,950 hectares. The Company incorporated with PT Paraga Artamida.
Since 2003, BSD City was solely managed by Sinarmas Developer and
Real Estate, property business unit of Sinarmas. Known for its master
plan developed by first class consultant and architects, BSD City is
operated by professional who are committed fully, to the residents and
the shareholders of the company.
BSD City has various access choices to Jakarta and other areas of
Jabodetabek. BSD City is strategically located within 20 km from the
Soekarno Hatta International airport and 40 km from Tanjung Priok
international harbor. There is two toll accesses to BSD City i.e. toll
Serpong Jakarta and toll Jakarta Merak. BSD City has direct toll
access through Serpong - Jakarta which is connected with the Jakarta
Outer Ring Road (JORR). BSD City is approximately 18 km from JORR
and 7 km from Jakarta-Merak toll road. Direct train access from BSD City
to Jakarta is also provided by PT Kereta Api Indonesia using a double
track railway. The company is also providing bus feeder service for BSD
City residents to various parts of Jakarta since 2002.
BSD City is focus to supply a good quality residential to its residents,
create commercial community and supply facility for industrial and trading
within the city. BSD City is completed by social facility and recreation as
well as technology to support the commercial and community activities
living in the city.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

9,510,494
17,433
1,689,566
109,154
102,324
4,381,085
40,736
2,305,956
2,000,000
1,093,562
10,936
100
496,901
2,075,130

1,049,739
11,020
1,734,152
38,360
113,330
4,592,836
22,130
2,252,711
2,000,000
1,093,562
10,936
100
761,897
2,340,125

-88.96
-36.79
2.64
-64.86
10.76
N/A
4.83
-45.67
-2.31
N/A
53.33
12.77

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

1,386,111
744,459
641,651
229 636
229,636
412,015
-107,888
304,127
80,665
223,462

1,270,592
637,957
632,635
176
177
176,177
456,458
-80,289
376,169
67,430
308,738

-8.33
-14.31
-1.41
-23.28
23 28
10.79
25.58
23.69
-16.41
N/A
38.16

1.11
5.10
16.12
29.72

0.96
6.72
24.30
35.92

-13.37
31.79
50.72
20.86

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

112

Code

BSDE02

Series Name

II Tahun 2006

Outstanding
(Rp Million)

600,000

Listing
Date

30-Oct-06

Maturity
Date

20-Oct-11

Issue
Term

5 Years

Coupon
Structure

Fixed 15%

Coupon
p
Payment
Date
20-Oct-10
20-Jan-11
20-Apr-11
20-Jul-11

Rating
idBBB
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BSDE02
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

140

12.5

112

10.0

84

7.5

56

5.0

28

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

10.471 10.211
31
Mar 30
J n
31-Mar
30-Jun
11.930 10.670
9.902
9.765
10.495 10.240
WA1
128.05 126.25
Volume2
85.4% 84.2%
Turnover3
Modified Duration (Yrs): 5.294
Last
D t
Date
High
Low

2010
Q3

Q4

10.217
12
A g
12-Aug
10.336
10.043
10.188
59.51
39.7%

10.244
21 Dec
21-Dec
10.934
10.182
10.485
108.15
72.1%

Q1

Q2

10.106
18
Mar
18-Mar
13.186
10.037
10.394
113.00
75.3%

10.569
22
J n
22-Jun
10.641
9.867
10.164
28.50
19.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

BSDE02

Low

High

9 765
9.765

11 930
11.930

% of Total

Turnover
Ratio
(%)

422

1 49
1.49

70 33%
70.33%

422

1.49

TRADING VOLUME
(Billion Rp)

10 485
10.485

TOTAL

Modified
Duration (Yrs)
End of Year
5 294
5.294

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BSDE02

128

Q2-2009

Q3-2009

126

60

Outstanding

Q4-2009

Outstanding

108
600

60

120

180

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

240

300

360

420

480

540

600

660

113

BSEC BHAKTI SECURITIES


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Kebon Sirih 4th Fl.
Jln. Kebon Sirih No. 17-19, Jakarta 10340
Phone : (021) 392-2000
Fax : (021) 3983-6857

Baa1.id
Securities Company
www.bhaktisecurities.com
Fransiska L. Therik
Bank Mega Tbk.

PROFILE

FINANCIAL HIGHLIGHT

PT Bhakti Securities (the Company) is a securities company, established


in Jakarta in 2004 based on Deed No. 99. The company is affiliated
with Bhakti investama Group and has conducting its business in capital
market in Indonesia since 1989.

BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers

Based on Article of Association No. 2, the Company is conducting the


activities as brokerage and Underwriters Company.
The Company is headed at MNC Tower 1st & 4th Fl., Jalan Kebon Sirih
No. 17-19 and has several representative offices in Jakarta, Surabaya,
Semarang, Solo, Magelang, Malang, Batam, Tegal, Bogor, Denpasar,
Makassar and Yogyakarta. The Company started its commercial activities
in on June 1st, 2004.
PT Bhakti Securities is an affiliated company of Bhakti Investama
Group.
The basis of PT Bhakti Securities in this business field is committed
to maintaining the trust of investors, regulators and the Capital Market
Supporting Institutions of business will be conducted by the Company
with the principles of Good Corporate Governance.

Million Rp except Par Value

Dec-2008

Dec-2009

34,944
3,779
269,325

309,793
4,103
190,198

786.55
8.57
-29.38

Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

388,686
208,290
7,555
335
921,847
426,379

30,429
128,141
8,757
243
681,991
19,129

-92.17
N/A
-100.00
15.91
-27.34
-26.02
-95.51

35,906
660,592
400,000
100,000
100
1,000
161,256
261,256

241,951
418,720
400,000
100,000
100
1,000
163,271
263,271

N/A
573.84
-36.61
N/A
1.25
0.77

INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

57,540
32,894
24,645
-9,863
14,782
4,642
10,140

50,989
27,177
23,812
-23,432
380
-1,635
2,015

-11.39
-17.38
-3.38
-137.57
-97.43
N/A
N/A
-80.13

2.53
1.10
17.62
42.83

1.59
0.30
3.95
46.70

-37.10
-73.14
-77.58
9.03

Recievables from Customers

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Change %

AS OF JUNE 2010

No.

1.

114

Code

BSEC01

Series Name

I Tahun 2008

Outstanding
(Rp Million)

150,000

Listing
Date

30-May-08

Maturity
Date

30-May-11

Issue
Term

3 Years

Coupon
Structure

Fixed 14%

Coupon
Payment
Date
30-Aug-10
30-Nov-10
02-Mar-11
02-Jun-11

Rating

idBBB

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BSEC01
Trading Volume
(Rp Billion)

100.0

12.5

80.0

10.0

60.0

7.5

40.0

5.0

20.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2

Q1

9.699
31-Mar
31
Mar
9.699
9.699
9.699
WA1
1.00
Volume2
2.7%
Turnover3
Modified Duration (Yrs): 7.821

2010
Q3

Last
D t
Date
High
Low

Q4
-

9.750
30-Dec
30 Dec
9.750
9.604
9.749
51.30
136.8%

Q1

Q2

9.692
9.724
25-Mar
29-Jun
25 Mar 29
J n
9.692
9.724
9.689
9.621
9.691
9.696
95.20
4.00
10.7% 253.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

BSEC01

Low
9 604
9.604

High
9 750
9.750

% of Total

Turnover
Ratio
(%)

52

0 18
0.18

34 87%
34.87%

52

0.18

TRADING VOLUME
(Billion Rp)

9 749
9.749

TOTAL

Modified
Duration (Yrs)
End of Year
7 821
7.821

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BSEC01

1-

Q2-2009

Q3-2009

Q4-2009

Outstanding

51

Outstanding

150
-

25

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

50

75

100

125

150

115

BSLT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK SULUT (BPD SULAWESI UTARA)


:
:
:
:
:

ADDRESS
Jln. Sam Ratulangi No. 9
Manado 95111
Phone : (0431) 851-451, 861-761
Fax : (0431) 854-522, 846-515

idBBB
Bank
Novi V.B. Kaligis
Bank Mandiri (Persero) Tbk.
FINANCIAL HIGHLIGHT

PROFILE
PT Bank Pembangunan Daerah Sulawesi Utara (the Bank) was
established under the name Bank Pembangunan Daerah Sulawesi
Utara Tengah based on the Act no. 88 Mach 17, 1961, made by Raden
Hadiwidodo, renewed by Raden Kadiman.
According to the article 3 of Banks Article of Association, the Bank
objective is to engange in banking business and others financial
services.
The Bank changed into limited liability (Perseroan Terbatas) named PT
Bank Pembangunan Daerah Sulawesi Utara based on Rule of Local
Government No. 1 dated 1999.

Million Rp except Par Value

BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
61,644
843,846
177,671
1,585,936
968
41,037
38,273
2,976,364
1,830,081
15,610
2,569
7,458
2,772,827
300,000
,
126,522
1.27
100,000
76,839
203,538

INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income

354,432
136,659
17,497
168,252
67,018
4,301
71,319
23,533
47,786

438,864
191,062
19,359
220,626
46,535
13,684
60,219
20,582
39,637

23.82
39.81
10.64
31.13
-30.56
218.15
-15.56
-12.54
N/A
-17.05

13.62
1.61
13.48
18.91

13.91
1.19
9.03
10.60

2.11
-26.01
-33.01
-43.92

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Dec-2009
Change %
-15.42
52,137
-40.63
500,976
237,476
33.66
2,206,810
39.15
-100.00
56,377
37.38
43,881
14.65
3,336,846
12.11
2,232,363
21.98
9,882
-36.69
106,916 4,061.01
-100.00
3,113,046
12.27
N/A
500,000
,
66.67
150,719
19.12
1.51
19.12
100,000
72,905
-5.12
223,800
9.96

AS OF JUNE 2010

No.

1.

2.

116

Code

Series Name

BSLT04

IV Tahun 2010

BSLT01SB

Subordinasi I Tahun
2010

Outstanding
(Rp Million)

390,000

10,000

Listing
Date

12-Apr-10

12-Apr-10

Maturity
Date

09-Apr-15

09-Apr-15

Issue
Term

5 Years

5 Years

Coupon
Structure

Coupon
C
Payment
Date

Rating

Fixed 12.00%

09-Jul-10
09-Oct-10
09-Jan-11
09-Apr-11

idA-

Fixed 12.20%

09-Jul-10
09-Oct-10
09-Jan-11
09-Apr-11

idBBB+

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BSLT04
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

80

12.5

64

10.0

48

7.5

32

5.0

16

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

10.041
28-Jun
11.533
9.955
10.224
67.00
68.7%

2
W
Weighted
i h d Average;
A
T
Trading
di V
Volume
l
in
i Billion
Billi R
Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BSLT01SB

Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25

12.5

20

10.0

15

7.5

10

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A 10.152
N/A 16-Apr
N/A 10.565
N/A 10.152
N/A 10.355
N/A
20.00
N/A 800.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

117

BTEL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BAKRIE TELECOM TBK


:
:
:
:
:

ADDRESS
Wisma Bakrie, 3rd Fl.
Jln. H.R. Rasuna Said Kav. B-1, Jakarta 12920
Phone : (021) 9110-1112
Fax : (021) 9110-0080

idATelecommunication
www.bakrietelecom.com
Harry Prabowo
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bakrie Telecom Tbk (The Company) was founded in 1993 as PT
Radio Telepon Indonesia. Ratelindo, the Companys first product, was
an E-TDMA fixed wireless network, and was launched in 1996. The
Company was renamed PT Bakrie Telecom in 2003, and launched a
new fixed wireless access with limited mobility (FWA - LM) using CDMA
2000 1x technology under the Esia brand name.
The Company has been one of the pioneers in Indonesias
telecommunication industry. It has certainly been the leader in providing
affordable fixed wireless services to customers, particularly those in
the under serviced areas. Having adopted the more spectrum efficient
Code Division Multiple Access (CDMA) technology, The Company is now
poised to become a nationwide operator with its Esia brand.
Based on the Extraordinary General Shareholders Meeting held on
August 11, 2008, the scope of activities of the Company was modified to
comprise as follows; provide telecommunication services, plan, develop
and lease of telecommunication equipment/facilities, perform marketing
and sales activities of telecommunication network and/or services,
perform research and development of telecommunication equipment/
facilities, and also sell telecommunication product/utilities.
The Companys operational areas are located in Jakarta, some regions
in West Java, Banten, Central Java, East Java, Bali, Sumatra, Sulawesi
and Kalimantan. The Company is domiciled in Jakarta with its head
office located at Wisma Bakrie, 3rd Floor, Jln. H.R. Rasuna Said Kav.
B-1, Jakarta Selatan.
The Company exists not only to serve the telecom users by introducing
disruptive innovations, but more importantly, to help redefine the industry
to ensure that telecommunication will bring the maximum benefits to the
people of Indonesia.
The Company has ownership in subsidiaries: PT Bakrie Connectivity and
PT Bakrie Network, both Company are engaged in telecommunication
services and trading.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

501,640
715,673
120,971
94,469
35,758
27,663
2,308,318 1,731,809
5,303,281 9,314,678
8,545,973 11,436,275
1,067,478 2,061,972
2,396,443 4,337,372
3,463,921 6,399,344
5,211,165 5,211,165
3,423,392 3,423,392
28,482
28,482
200 & 100 200 & 100
-611,615
-710,057
5,082,052 5,036,931

Dec-2009

Change %
42.67
-21.91
-22.64
-24.98
75.64
N/A
33.82
93.16
80.99
84.74
N/A
13.86
-0.89

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

2,202,292
1,823,659
378,633
11,823,659
823 659
378,633
-200,576
178,056
41,244
136,813

2,742,577
2,454,160
288,418
22,454,160
454 160
288,418
-142,703
145,714
47,272
98,442

24.53
34.57
-23.83
34 57
34.57
-23.83
28.85
-18.16
14.62
N/A
-28.05

0.68
1.60
6.21
17.19

1.27
0.86
3.59
10.52

86.40
-46.23
-42.22
-38.83

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

118

Code

BTEL01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

650,000

Listing
Date

05-Sep-07

Maturity
Date

04-Sep-12

Issue
Term

5 Years

Coupon
Structure

Fixed 11.90%

Coupon
p
Payment
Date
04-Sep-10
04-Dec-10
04-Mar-11
04-Jun-11

Rating
idAstable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BTEL01
Trading Volume
(Rp Billion)

600

10.0

480

8.0

360

6.0

240

4.0

120

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

8.837
8.831
12
Mar 24-Jun
24 J n
12-Mar
8.944
8.831
8.817
8.802
8.822
8.823
WA1
56.10
8.00
Volume2
34.5%
4.9%
Turnover3
Modified Duration (Yrs): 8.853
Last
D t
Date
High
Low

2010
Q3

Q4

9.243
30-Sep
30 Sep
9.640
8.995
9.061
112.25
69.1%

9.182
30-Dec
30
Dec
9.648
8.734
9.135
51.00
31.4%

Q1

Q2

8.942
8.997
29-Mar
29 Mar 29
J n
29-Jun
10.920 11.228
8.768
8.938
9.309
9.060
121.11 529.23
74.5% 325.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1
1.

BTEL01

Low
8 734
8.734

High

Weighted Avg.
Executed
Yield (%)

9 648
9.648

% of Total

Turnover
Ratio
(%)

227

0 80
0.80

34 98%
34.98%

227

0.80

TRADING VOLUME
(Billion Rp)

9 135
9.135

TOTAL

Modified
Duration (Yrs)
End of Year
8 853
8.853

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BTEL01

56

112

Q2-2009

Q3-2009

Q4-2009

Outstanding

51

Outstanding

650
-

70

140

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

210

280

350

420

490

560

630

700

119

BTPN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK TABUNGAN PENSIUNAN NASIONAL TBK


:
:
:
:
:

AA-(idn)
Bank
www.bankbtpn.co.id
Anika Faisal
Bank Permata Tbk.

PROFILE
MISSION : Together with our stakeholders, we create opportunities for
growth and a more meaningful life
VISION : To be the best mass market* bank, making a difference in lives
of millions
*Low income segment and small & micro businesses
For more than 50 years, BTPN has focused its banking services to
serve pensioners, also with the State Pensiun Insurance Company, PT
TASPEN and the state postal company, PT Pos Indonesia.
In March 2008, BTPN became a public company and was listed in the
Indonesia Stock Exchange. The banks majority shareholder is TPG
Nusantara S.a.r.l, an investment company owned by TPG (Texas Pacific
Group a US global private equity firm), with 71,6% of the banks
share.
BTPN has possession of superior financial performance, compares
favorably with the top ten largest commercial banks in the country. As
of 31 December 2010, banks financial performance has shown Capital
Adequacy Ratio (CAR) level of 18,5% and Non- Performing Loan (NPL)
netto level of 0,07%.
BTPN believes that there are opportunities to change the lives of millions
of people by serving mass market segment in Indonesia. Its unique value
proposition, BTPN has served the bottom segment of the market pyramid
that integrating the banks business and social mission of Do Good Do
Well. By Doing good, BTPN has made a difference in lives of millions
conscientiously, Doing well perceived as BTPN business performance
as being among the industrys best. Emphasizes the principles of Good
Corporate Governance in any business activities conducted. BTPN
is non foreign exchange bank, whereas no activity in the foreign
exchange fluctuation risk.
BTPN manages its branches network to cater the different needs of its
Pension, Micro Lending, Sharia and Funding customers. In Pension
Business branches, we provide our Pensioner Health and Wellness
programs. Micro Lending branches do not function only as conventional
bank branches, its also serve as a resource center where micro business
owners are able to develop their knowledge and network in order to grow
their business. BTPN has expanded branches network significantly by
opening more than 500 new branches in Indonesia. By year end of
2009, BTPN branches covers 1,030 Pension, Micro Lending, Sharia and
Funding outlets, spanning from Banda Aceh, in the northen.

120

ADDRESS
Menara Cyber 2, 24th -25th Fl.
Jln. H.R. Rasuna Said Blok X-5 No. 13, Jakarta 12950
Phone : (021) 3002-6200
Fax : (021) 3002-6308
FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investments
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payables
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interests
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
237,443
665,278
1,343,939
10,136,195
22
332,720
294,324
13,697,461
11,654,214
43,421
12,080,239
12,080,239
150,000
,
94,394
944
100
1,522,828
1,617,222

Dec-2009
443,429
773,898
3,139,573
15,453,805
22
361,002
1,067,834
22,272,246
18,560,391
66,742
762,604
20,233,933
150,000
,
94,394
944
100
1,924,373
2,038,313

INCOME STATEMENTS
Total Interest Income
Interest Expenses
Other Operating Income
Other Operating Expenses
Income from Operations
Non-Operating Income
Income Before Tax
Provision for Income Tax
Minority Interests
Net Income

2,387,998
1,080,597
250,288
919,015
592,722
-17,563
575,159
196,273
378,886

3,607,548
1,644,604
378,721
1,706,312
635,353
-13,135
622,218
201,795
420,423

51.07
52.19
51.31
85.67
7.19
25.21
8.18
2.81
N/A
10.96

7.47
2.77
15.87
24.82

9.93
1.89
11.65
17.61

32.89
-31.76
-26.55
-29.04

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Change %
86.75
16.33
133.61
52.46
8.50
262.81
62.60
59.26
53.71
N/A
-93.69
67.50
N/A
26.37
26.04

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2009

No.

Code

Series Name

BTPN01A

1.

I Tahun 2009 Seri A

BTPN01B

2.

08-Oct-09

400,000

II Tahun 2010 Seri A

BTPN02B

4.

Listing
Date

350,000

I Tahun 2009 Seri B

BTPN02A

3.

Outstanding
(Rp Million)

715,000

II Tahun 2010 Seri B

585,000

08-Oct-09

19-May-10

19-May-10

Maturity
Date

07-Oct-12

07-Oct-14

18-May-13

18-May-15

3 Years

Rating

Fixed 11.25%

07-Oct-10
07-Jan-11
07-Apr-11
07 Jul 11
07-Jul-11

Fitch :
AA-(idn)
SO

Fixed 12%

07-Oct-10
07-Jan-11
07-Apr-11
07-Jul-11

Fitch :
AA-(idn)
SO

Fixed 9.9%

18-Aug-10
18-Nov-10
18-Feb-11
18 May 11
18-May-11

Fitch :
AA-(idn)
SO

Fixed 10.6%

18-Aug-10
18-Nov-10
18-Feb-11
18-May-11

Fitch :
AA-(idn)
SO

5 Years

3 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Issue
Term

TRADING HIGHLIGHT
BTPN01A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

350

15.0

280

12.0

210

9.0

140

6.0

70

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
2
N/A
N/A
Volume
3
N/A
N/A
Turnover
Modified Duration (Yrs): 4.873
Last
Date
Hi h
High
Low

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
9.975
21-Dec
9.975
9 975
9.946
9.974
40.00
45.7%

Q1

Q2

9.813
9.621
26-Jan 24-May
9.975
9 975
9 668
9.668
9.813
9.607
9.951
9.640
50.00 297.80
57.1% 340.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

BTPN01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250.0

12.5

200.0

10.0

150.0

7.5

100.0

5.0

50.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 3.265
Last
Date
Hi h
High
Low

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

10.517 10.181
30-Dec 31-Mar
10.517
10.517
10
517 10
517
10.399 10.181
10.459 10.382
24.85 223.00
24.9% 223.0%

Q2
9.934
17-Jun
10
304
10.304
9.851
10.023
84.00
84.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized)
(
)=
Outstanding

121

BTPN02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2000

10.0

1600

8.0

1200

6.0

800

4.0

400

2.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
2
N/A
Volume
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
7.511
N/A 24-Jun
N/A
7.531
N/A
7.478
N/A
7.517
N/A 1809.00
N/A 1012.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

BTPN02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50.0

10.0

40.0

8.0

30.0

6.0

20.0

4.0

10.0

2.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

7.824
25-Jun
7.901
7.824
7.868
46.00
31.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

BTPN01A

9.946

9.975

9.974

40

11.43%

4.873

2.

BTPN01B

10.399

10.517

10.459

25

6.21%

3.265

65

TOTAL

122

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BTPN01A

Q2-2009

Q3-2009

Q4-2009

Outstanding

40

Outstanding

350

BTPN01B

- 25

Outstanding

400
-

50

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

150

200

250

300

350

400

123

BVIC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK VICTORIA INTERNATIONAL TBK.


:
:
:
:
:

ADDRESS
Bank Panin Building, Senayan Ground Floor
Jln. Jend. Sudirman No. 1, Jakarta 10270
Phone : (021) 573-5425
Fax : (021) 573-5429

A1.id
Bank
www.victoriabank.co.id
Tamunan Kiting
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bank Victoria International Tbk (Bank) was established on October
28, 1992 in Deed No. 71 of A. Partomuan Pohan, SH, LLM.
In accordance with Article 3 of Association of Banks, the scope of
activities of the Bank is doing business as a commercial bank in the
widest sense in accordance with the provisions and regulations in force.
Banks are not non-bank foreign exchange.
The Bank head office is at Panin Bank Senayan Building Ground Floor.
Jend. Sudirman St No. 1 Jakarta 10270. As of March 31, 2010 the Bank
has 1 main branch office, 64 supporting offices and 11 cash offices.
Based on notarial deed No. 15 dated 7 September 2007, Veronica Lily
Dharma, SH, notary in Jakarta, the Bank acquired 99.80% stake in PT
Bank Swaguna. In mid-September 2007 in accordance with the Deed
No. 26, the Bank made additional capital in PT Bank Swaguna thus
becomes 99.98%.

Million Rp except Par Value

BALANCE SHEET
Cash on Hand
Placements with Other Ban
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
23,431
384,205
2,618,920
2,122,976
61
162,089
9,037
5,625,108
1,093,968
9,274
25,704
5,097,183
10
1,400,000
, ,
350,250
3,502
100
184,247
527,915

Dec-2009
23,241
916,800
3,059,755
2,713,514
29
162,745
6,648
7,359,018
6,255,725
15,185
30,288
6,729,657
11
1,400,000
, ,
384,674
3,847
100
193,496
629,350

INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income

523,426
406,685
17,443
90,082
44,102
684
44,786
9,524
-1
35,262

623,129
501,977
159,508
217,573
63,087
-483
62,604
16,364
-0.8
46,240

19.05
23.43
814.43
141.53
43.05
N/A
39.78
71.82
23.17
31.13

9.66
0.63
6.74
8.43

10.69
0.63
7.42
10.12

10.75
0.24
10.15
20.16

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Change %
-0.81
138.62
16.83
27.82
-52.17
0.41
-26.43
30.82
471.84
63.75
N/A
17.84
32.03
7.89
9.83
9.83
5.02
19.21

AS OF JUNE 2010

No.

1.

2.

124

Code

Series Name

BVIC02A

II Tahun 2007

BVIC02B

Subordinasi
S
b di i I TTahun
h
2007

Outstanding
(Rp Million)

200,000

200,000

Listing
Date

22-Mar-07

22-Mar-07

Maturity
Date

Issue
Term

C
Coupon
Payment
Date

Coupon
Structure

Fixed 12.00%

21-Mar-12

5 Years

21-Mar-17

Y 11-5:
Year
5 12
12.50%;
50% Year
Y 6610 Years
10: 21.50%

Rating

21-Sep-10
21-Dec-10
21-Mar-11
21-Jun-11

Fitch :
BBB+
(idn)

21-Sep-10
21-Dec-10
21
D 10
21-Mar-11
21-Jun-11

Fitch :
BBB
(idn)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BVIC02A
Trading Volume
(Rp Billion)

100.0

12.5

80.0

10.0

60.0

7.5

40.0

5.0

20.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2

Q1

2010
Q3

Q4

10.815 10.499 10.485


05 Mar 24-Jun
24 J n 29-Sep
29 Sep
05-Mar
10.815 11.264 11.452
10.047
9.590
9.756
10.391 10.610 11.107
WA1
62.25
91.58
57.55
Volume2
115.1% 124.5% 183.2%
Turnover3
Modified Duration (Yrs): 8.072

10.274
21 Dec
21-Dec
11.237
10.274
10.506
36.40
72.8%

Last
D t
Date
High
Low

Q1

Q2

10.345 10.499
30 Mar 26-May
26 Ma
30-Mar
11.133 10.499
10.345 10.025
10.572 10.277
23.60
35.00
47.2% 70.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

BVIC02B
Trading Volume
(Rp Billion)

120.0

12.5

96.0

10.0

72.0

7.5

48.0

5.0

24.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

10.724 10.859
08 Jan 24-Jun
08-Jan
24 Jun
10.724 11.422
10.724 10.859
1
10.724 10.877
WA
17.00
56.50
Volume2
34.0% 113.0%
Turnover3
Modified Duration (Yrs): 2.406
Last
D t
Date
High
Low

2010
Q3

Q4

Q1

Q2

10.859 12.758 10.724 10.904


07 Jul 17-Dec
07-Jul
17 Dec 17-Feb
17 Feb 30-Apr
30 Apr
10.859 12.758 10.784 10.904
10.859 10.724 10.724 10.815
10.859 12.008 10.733 10.873
75.00
32.50
57.00 112.00
65.0% 150.0% 114.0% 224.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1
1.

BVIC02A

9 590
9.590

11 452
11.452

10 506
10.506

248

0 87
0.87

123 89%
123.89%

8 072
8.072

2.

BVIC02B

10.724

12.758

12.008

181

0.64

90.50%

2.406

429

1.51

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
BVIC02A

Q2-2009

Q3-2009

Outstanding

17

57

Outstanding

75

33

200
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

36
-

200

BVIC02B

Outstanding

92

62

58

Q4-2009

100

150

200

250

300

125

CLPK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

CILIANDRA PERKASA
:
:
:
:
:

ADDRESS
Wisma 77, 7th Fl., Jln. Letjend. S. Parman Kav. 77
Slipi, Palmerah, Jakarta 11410
Phone : (021) 5367-0888
Fax : (021) 5367-1888, 5367-2888

idAPlantation
www.ciliandraperkasa.co.id
Atan Masri
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Ciliandra Perkasa (the Company) was established on July 31, 1992
based on Notarial Deed No. 261 of S.P. Henny Shidki, S.H.
According to Article 3 of the Companys articles of association, the
Companys scope of activities comprises of trading, construction,
industry and services.
The Company is mainly engaged in the development of oil palm
plantations and production of palm oil that are located in the subdistrict
of Kampar, Province of Riau. As of March 31, 2010, the Companys planted
areas totaled 6,481 hectares which are all mature. The Subsidiaries
planted areas as of March 31, 2010 totaled 71,043 hectares with 53,318
hectares being mature.
The Companys domicile is in Jakarta with its head office at the 7th Floor
of Wisma 77, Jln. Letnan Jenderal S. Parman Kav. 77, Jakarta, and its
plantation is in Riau. The Company started its commercial operations in
December 1997.
The Company is a subsidiary of First Resources Limited, which is listed
in the Singapore Stock Exchange (SGX) since December 10, 2007.
Certain subsidiaries have a partnership oil palm plantation program with
Estateholder Plantation (Perkebunan Inti Rakyat/PIR) - Trans Plasma
Scheme and with Primary Cooperative Credit for the Member (Kredit
Koperasi Primer untuk Anggota/KKPA).

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

597,935
69,152
211,836
926,162
1,693,824
4,543,331
487,331
196,912
2,770,580
615,205
500,000
450,000
450
1,000
735,608
1,157,547

560,700
20,026
172,470
801,346
1,871,826
4,603,617
406,768
1,909,799
2,316,567
601,947
500,000
450,000
450
1,000
1,271,652
1,684,935

-6.23
-71.04
-18.58
-13.48
10.51
N/A
1.33
-16.53
869.87
-16.39
-2.16
72.87
45.56

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

2,541,211
1,051,987
1,489,224
272 955
272,955
1,216,269
-280,546
935,723
265,146
-242,841
438,366

2,054,124
947,413
1,106,711
136
136,007
007
970,704
153,924
1,124,628
318,247
-195,937
610,443

-19.17
-9.94
-25.69
-50.17
50 17
-20.19
N/A
20.19
20.03
19.31
39.25

2.39
9.65
17.25
47.86

1.37
13.26
29.72
47.26

-42.56
37.43
72.28
-1.27

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

126

Code

CLPK02

Series Name

II Tahun 2007

Outstanding
(Rp Million)

500,000

Listing
Date

28-Nov-07

Maturity
Date

27-Nov-12

Issue
Term

5 Years

Coupon
Structure

Fixed 11,50%

Coupon
p
Payment
Date
27-Nov-10
27-Feb-11
27-May-11
27-Aug-11

Rating
idA
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
CLPK02
Trading Volume
(Rp Billion)

300

10.0

240

8.0

180

6.0

120

4.0

60

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

2010
Q3

Q4

8.846
8.471
8.694
8.416
25-Mar
25 Mar 30-Jun
30 J n 29-Sep
29 Sep 23-Dec
23 Dec
8.506 10.297 10.517
9.370
8.376
8.385
8.257
8.416
9.720
8.799
8.400
8.992
WA1
26.55 126.60 207.12 132.50
Volume2
21.2% 101.3% 165.7% 106.0%
Turnover3
Modified Duration (Yrs): 8.484
Last
D t
Date
High
Low

Q1

Q2

8.470
8.625
29-Mar
29 Mar 18-Jun
18 J n
9.589
9.027
8.416
8.207
8.713
8.611
71.10 257.20
56.9% 205.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

CLPK02

High

Low
8 257
8.257

10 517
10.517

% of Total

Turnover
Ratio
(%)

493

1 74
1.74

98 55%
98.55%

493

1.74

TRADING VOLUME
(Billion Rp)

8 992
8.992

TOTAL

Modified
Duration (Yrs)
End of Year
8 484
8.484

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
CLPK02

27

Q2-2009

127

Q3-2009

Q4-2009

Outstanding

207

Outstanding

133

500
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

250

300

350

400

450

500

550

127

DNRK DANAREKSA (PERSERO)


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

PROFILE
PT Danareksa (Persero) was founded back in 1976 as a state-owned
investment bank. Over the years Danareksa has played an increasingly
important role in developing the capital markets to become one of the
countrys leading players in the industry. Danareksa is engaged in a
number of businesses including securities brokerage and services, asset
management, treasury services, investment banking and multi finance.
As a holding company, Danareksa has four subsidiaries. They are PT
Danareksa Sekuritas, PT Danareksa Investment Management, PT
Danareksa Finance and PT Danareksa Futures.
Over the years Danareksa has underwritten more equity and debt
placements than any other investment bank and securities house in
Indonesia. All in all, Danareksa has helped companies and institutions
to raise more than Rp140 trillion of capital in total. Moreover, Danareksa
has pioneered the development of mutual funds, promoting syariahbased investments in addition to launching a US dollar denominated
fixed income fund. In addition, Danareksa was also the first to advise on
the governments privatization program.
Aided by Danareksas independent research unit called Danareksa
Research Institute, Danareksa has been able to offer valuable insights
into the health of the economy. Of particular note are the periodic
surveys on consumer confidence and business sentiment. This research
is well regarded by the market and regular users of the research include
the Ministry of Finance and a number of major corporations.
Danareksa had over Rp 2.5 trillion in total assets as of December 2009.
The company is presently supported by a presence in some large cities
in Indonesia and more than 20 branches. Looking ahead, one of the
companys goals is to continue strengthening its service network and
points of contact so that more individuals and institutions can enjoy its
products and services.
Danareksas chief competencies are centred on its human assets, capital
and reputation. There is no doubt that the company could not have
achieved its prominent position in the industry without the efforts of the
talented and dedicated professionals at every level of the organization.
Yet despite the efforts of its employees, the real measure of success is
ultimately the trust placed in Danareksa by its clients.

128

ADDRESS
Danareksa Building
Jln. Medan Merdeka Selatan No. 14, Jakarta 10110
Phone : (021) 350-9777, 350-9888
Fax : (021) 350-0989, 350-1712

idA
Others Finance
www.danareksa.com
Bondan Pristiwandana
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Recievables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

622,589
1,764,697
367,589
2,812,895
128,700
21,126
2,997,632
1,223,355
22,639
2,248,425
1
2,800,000
701,480
1
1
-152,672
749,205

1,049,380
769,041
124,232
22,621
2,503,130
1,192,722
28,660
1,744,250
2
2,800,000
701,480
1
1
-17,763
758,878

68.55
-56.42
-100.00
-100.00
-3.47
7.08
-16.50
-2.50
26.59
-22.42
12.71
88.36
1.29

INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income
Earning Before Tax
Net Tax
Minority Interests
Net Income

219,918
6,744
44,019
8,441
52,460
29,013
23,447.0
23,447

377,207
71.52
324,361 4,709.86
20.05
52,846
19,305
128.71
72,151
37.54
51,713
78.24
-0.2
N/A
20,438
-12.83

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

33.00
00
0.78
10.66
20.02

22.30
30
0.82
5.42
14.01

-23.41
-23 41
4.39
-49.18
-30.01

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

DNRK02

2.

Outstanding
(Rp Million)

II Tahun 2007

DNRK03B

500,000

III Tahun 2008 Seri B

130,000

Listing
Date

26-Sep-07

23-Jun-08

Maturity
Date

25-Sep-12

20-Jun-11

3.

DNRK03C

III Tahun 2008 Seri C

250,000

23-Jun-08

20-Jun-13

4.

DNRK04

IV Tahun 2009

200,000
,

15-Apr-09
p

14-Apr-11
p

5 Years

Coupon
Payment
Date

Coupon
Structure

Issue
Term

Rating

Fixed 10.875%

25-Sep-10
idA25-Dec-10 Creditwa
25-Mar-11 tch with
25-Jun-11
(-)
Implicati
ons

Fixed 13.00%

20-Sep-10
idA20-Dec-10 Creditwa
20-Mar-11 tch with
(-)
20-Jun-11
Implicati
ons

3 Years

5 Years

idAidA
20-Sep-10
20-Dec-10 Creditwa
20-Mar-11 tch with
(-)
20-Jun-11
Implicati
ons
idA14-Jul-10
14-Oct-10 Creditwa
14-Jan-11 tch with
()
(-)
14 Apr 11
14-Apr-11
Implicati
ons

Fixed 13.50%

2 Years

Fixed 16%
%

TRADING HIGHLIGHT
DNRK02
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250.0

12.5

200.0

10.0

150.0

7.5

100.0

5.0

50.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

WA1
2
Volume
Turnover3
Modified Duration (Yrs): 2.771
Last
Date
High
Low

2010
Q3

10.374
04-Sep
10.515
10.130
10 303
10.303
40.00
32.0%

Q4

Q1

Q2

10.009
9.995 10.012
23-Dec 29-Mar 23-Jun
10.190 10.208 10.157
9.985
9.877
9.982
10 018 10.027
10.018
10 027 10.030
10 030
29.00 167.00 199.00
23.2% 133.6% 159.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

129

DNRK03B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

150.00

12.5

120.00

10.0

90.00

7.5

60.00

5.0

30.00

2.5

2009

Executed
Yield (%)

Q1

2010
Q3

Q2

Q4

- 11.211 10.812
- 13-May 10-Aug
- 11.261 10.854
- 11.211 10.808
1
11.236 10.830
WA
2
2.00
40.00
Volume
6.2% 123.1%
Turnover3
Modified Duration (Yrs): 3.631
Last
Date
High
Low

10.685
09-Dec
10.759
10.685
10.703
18.00
55.4%

Q1

Q2

10.730 10.746
23-Mar 25-Jun
10.841 10.981
10.730 10.731
10.785 10.834
2.00 134.45
6.2% 413.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q2-10


DNRK03C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

70.00

12.5

56.00

10.0

42.00

7.5

28.00

5.0

14.00

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 3.433
Last
Date
High
Low

Q3
-

Q4

11.315
17-Jul
11.378
11.315
11.347
10.00
16.0%

10.767
09-Dec
11.257
10.767
11.164
11.70
18.7%

Q1

Q2

11.200 11.405
23-Mar 26-May
11.257 11.405
11.012 10.970
11.060 11.144
7.55
60.00
12.1% 96.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2010

2009

Executed
Yield (%)

Q2-10

DNRK04
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

40.00

12.5

32.00

10.0

24.00

7.5

16.00

5.0

8.00

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

N/A 11.424
N/A 12-May
N/A 11.424
N/A 11.424
1
N/A 11.424
WA
2
N/A
19.40
Volume
N/A 38.8%
Turnover3
Modified Duration (Yrs): 4.198
Last
Date
High
Low

Q3

Q4

11.424
29-Sep
11.424
11.424
11.424
3.10
6.2%

11.576
23-Dec
11.576
11.295
11.423
36.00
72.0%

Q1

Q2

11.286 11.159
31-Mar 18-May
11.569 11.337
11.218 10.901
11.318 11.027
6.50
27.35
13.0% 54.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2010

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

DNRK02

9.877

10.515

10.018

70.0

0.247

14.00%

2.771

2.

DNRK03B

10.685

11.261

10.703

60.0

0.211

46.15%

3.631

3.

DNRK03C

10.767

11.378

11.164

21.7

0.076

8.68%

3.433

4.

DNRK04

11.295

11.576

11.423

58.5

0.206

29.25%

4.198

210.2

0.741

TOTAL

130

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
DNRK02

40

Q2-2009

Q3-2009

Q4-2009

Outstanding

29

Outstanding

500

DNRK03B

40

18

Outstanding

130

DNRK03C

10 12

Outstanding

250

DNRK04

- 19 3

36

Outstanding

200
-

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

300

400

500

131

DUTI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

DUTA PERTIWI TBK


:
:
:
:
:

ADDRESS
ITC Mangga Dua 7th & 8th Fl.
Jln. Mangga Dua Raya, Jakarta 14430
Phone : (021) 601-9788
Fax : (021) 601-8555, 601-7039

idBBB
Property And Real Estate
www.simasred.com
Feniyati Tenggara
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Duta Pertiwi Tbk (DUTI) began its involvement in property
development as developer since 1987 with the construction of
commercial shophouses in Jalan Pangeran Jayakarta. The shophouse
units were successfully sold out in shortly time. Following this successful
project, DUTI began to develop other new projects that located within
Jakarta and its surrounding area.
Although most projects developed are located in Jakarta, DUTI together
with its subsidiaries and its associate companies have started to develop
projects in greater Jakarta area or Jabodetabek, even in other some big
cities of Indonesia such as Balikpapan and Surabaya.
Generally, developments done by DUTI, its subsidiaries and its associate
companys include these 4 segments i.e.:
1. Superblock and commercial
2. Landed residential
3. Office building
4. Hotel
Some of prestigious projects developed are: Mangga Dua Superblock,
Roxy Mas Superblock, Cempaka Mas Superblock, Ambasador Kuningan
Superblock, Fatmawati Mas Superblock, Mangga Dua Surabaya
Superblock, Permata Hijau Superblock, ITC Depok, ITC Surabaya,
Taman Duta Mas, Banjar Wijaya, Taman Permata Buana, Kota Bunga,
Legenda Wisata, Kota Wisata and Grand Wisata. As well as hotel Le
Grandeur Mangga Dua in Jakarta and Le Grandeur Balikpapan in East
Kalimantan and Plaza BII office building.
DUTI was listed in stock exchange since November 1994.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

606,836
40,262
1,199,354
450,013
239,693
250
4,513,527
10,496
1,837,737
409,928
1,500,000
925,000
1,850
500
914,497
2,265,863

616,767
37,738
1,099,180
469,284
251,461
250
4,429,503
9,493
1,526,828
423,437
1,500,000
925,000
1,850
500
1,126,484
2,479,238

1.64
-6.27
-8.35
4.28
4.91
-1.86
-9.55
-16.92
3.30
23.18
9.42

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

1,062,379
487,243
575,136
472 656
472,656
102,480
27,699
142,214
58,974
-43,152
40,088

1,002,554
366,719
635,836
332 619
332,619
303,217
-11,420
325,072
57,878
-55,208
211,986

-5.63
-24.74
10.55
-29.63
29 63
195.88
N/A
128.58
-1.86
-27.94
428.81

0.81
0.89
3.77
9.65

0.62
4.79
21.14
30.24

-24.07
438.84
460.36
213.53

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

132

Code

DUTI05

Series Name

V Tahun 2007

Outstanding
(Rp Million)

500,000

Listing
Date

12-Jul-07

Maturity
Date

11-Jul-12

Issue
Term

5 Years

Coupon
Structure

Fixed 12.85%

Coupon
p
Payment
Date
11-Jul-10
11-Oct-10
11-Jan-11
11-Apr-11

Rating
idBBB
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
DUTI05
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

80

12.5

64

10.0

48

7.5

32

5.0

16

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

10.495 10.427
27-Mar
27 Mar 30-Jun
30 J n
11.539 10.937
10.269
9.593
10.829 10.371
WA1
34.98
38.32
Volume2
28.0% 30.7%
Turnover3
Modified Duration (Yrs): 3.467
Last
D t
Date
High
Low

2010
Q3

Q4

10.279
04-Sep
04 Sep
10.966
10.142
10.585
30.98
24.8%

10.543
30-Dec
30 Dec
11.023
10.269
10.588
47.58
38.1%

Q1

Q2

10.317
19-Mar
19 Mar
10.729
10.189
10.363
74.01
59.2%

10.315
07-Jun
07
J n
10.352
10.159
10.214
41.50
33.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

DUTI05

Low

High

9 593
9.593

11 539
11.539

% of Total

Turnover
Ratio
(%)

152

0 54
0.54

30 37%
30.37%

152

0.54

TRADING VOLUME
(Billion Rp)

10 588
10.588

TOTAL

Modified
Duration (Yrs)
End of Year
3 467
3.467

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
DUTI05

35

38

31

Q2-2009

Q3-2009

Q4-2009

Outstanding

48

Outstanding

500
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

250

300

350

400

450

500

550

133

ELTY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BAKRIELAND DEVELOPMENT TBK


:
:
:
:
:

idBBB+
Property And Real Estate
www.bakrieland.com
Nuzirman Nurdin
Bank Permata Tbk.

PROFILE
PT Bakrieland Development Tbk is an integrated property developer
and publicly-listed company at BEI (code: ELTY). Bakrieland
develops city property, landed residential, world-class hotel & resort
and also engaged in property-related Infrastructure businesses.
We are the first and the largest superblock developer in Jakartas central
business district area. Among major City Property projects of Bakrieland are:

Wisma Bakrie 1
Wisma Bakrie 2
Rasuna Epicentrum, the first and largest superblock in the main CBD of
Jakarta on an area of 53.5 hectares. Projects that are being developed
are Bakrie Tower, Epicentrum Walk, The Grove Condominium, The Grove
Suites, The Convergence Indonesia and The Wave at Rasuna Epicentrum.
Sentra Timur Residence, first stage develops 3 Rusunami towers with total
development plan of 11 towers in total, covering area of 3.2 ha. Sentra Timur
Residence is also a part of Superblock development in East Jakarta CBD.

Unit Landed Residential covers:

Bogor Nirwana Residence, the biggest property developer in Bogor

Ijen Nirwana Residence, Malang

Batam Nirwana Residence, Batam


Unit Hotel & Resort include:

Pullman Bali Legian Nirwana, Bali

Ubud Nirwana Villas, Bali

Bali Nirwana Resort, Bali

Balikpapan Nirwana Suites & Residences , Balikpapan

Krakatoa Nirwana Resort, Lampung

Property-related Infrastruktur Projects:

Kanci-Pejagan Toll Road

Pejagan-Pemalang Toll Road

Ciawi-Sukabumi Toll Road

Batang-Semarang Toll Road

Pasuruan-Probolinggo Toll Road


We have posted a very strong financial performance over the years. Among
the publicly-listed property companies in Indonesia, Bakrieland is one of the
largest market capitalization. With the companys healthy financial position,
diversified portfolio and huge land bank, we will continue to accelerate
our growth and strengthen project development in the years to come.

ADDRESS
Wisma Bakrie I, 6th & 7th Fl.
Jln. HR Rasuna Said Kav. B-1, Jakarta 12920
Phone : (021) 525-7835
Fax : (021) 522-5063
Million Rp except Par Value

FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
g
Total Equity

Dec-2008 Dec-2009
740,310
760,416
1,334,675 1,554,881
2,139,277 1,697,868
388,751
342,251
952,389 4,615,514
153,333
85,231
8,334,991 11,592,631
451,792
718,562
3,133,653 5,794,139
693,659 1,155,965
2,800,000 2,800,000
2,551,607 2,551,686
19,916
19,917
500 & 100 500 & 100
319,572
,
451,828
,
4,507,679 4,642,528

INCOME STATEMENTS
Total Revenues
Expenses

1,053,840
543,019

1,059,004
560,906

0.49
3.29

510,822
284,787
226,035
132,291
358,326
81,844
-4,379
272,100

498,098
331,347
166,751
36,418
203,169
42,192
-28,722
132,256

-2.49
16.35
-26.23
-72.47
-43.30
-48.45
-555.96
-51.39

00.70
70
3.26
25.82
21.45

11.25
25
1.14
12.49
15.75

79 53
79.53
-65.05
-51.63
-26.59

Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Change %
2.72
16.50
-20.63
-11.96
384.62
-44.41
39.08
59.05
84.90
66.65
0.00
0.00
41.39
2.99

Awards:

134

Developer of the Year (Property & Bank Award, 2009)


Rank 1st for 2008 Annual Report Award for Listed Private Non-Finance
Company (Bapepam-LK, IDX, BI, Directorate General of Tax, Ministry of
SOE, IAI, KNKG, 2009)
The Best Listed Company in Property & Real Estate (Bisnis Indonesia
Awards, 2008)
The Largest and Most Complete Superblock in Jakarta (Indonesia Property
& Bank Award, 2008)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2009

No.

Code

Series Name

ELTY01A

1.

2.

3.

4.

I Tahun 2008 Seri A

ELTY01B

I Tahun 2008 Seri B

SIKELTY01A

Sukuk Ijarah I Tahun


2009 Seri A

SIKELTY01B

Sukuk Ijarah I Tahun


2009 Seri B

Listing
Date

Outstanding
(Rp Million)

220,000

280,000

12-Mar-08

12-Mar-08

60,000

90,000

09-Jul-09

09-Jul-09

Maturity
Date

11-Mar-11

11-Mar-13

07-Jul-11

07-Jul-12

Issue
Term

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 11.9%

11-Sep-10
11-Dec-10
11 Mar 11
11-Mar-11
11-Jun-11

idBBB+
stable

5 Years

Fixed 12.85%

11-Sep-10
11-Dec-10
11-Mar-11
11-Jun-11

idBBB+
stable

2 Years

Ijaraf Fee : Rp154.8


million per Rp1 billion pa

07-Jul-10
07-Oct-10
07 Jan 11
07-Jan-11
07-Apr-11

idBBB+
(sy)

3 Years

Ijarah Fee : Rp160


million per Rp1 billion pa

07-Jul-10
07-Oct-10
07-Jan-11
07-Apr-11

idBBB+
(sy)

3 Years

TRADING HIGHLIGHT
ELTY01A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2
Q2-10
10

Executed
Yield (%)

2009
Q1

Q2

9.367
9.507
30-Jan
30
Jan 19-Jun
19 Jun
9.367 10.570
9.488
9.367
9.367 10.308
WA1
14.70
1.00
Volume2
1.8% 26.7%
Turnover3
Modified Duration (Yrs): 8.737
Last
Date
High
Low

2010
Q3

Q4

9.497
9.472
03-Aug
03
Aug 30-Dec
30 Dec
9.497 10.397
9.497
9.379
9.563
9.497
3.01
83.81
5.5% 152.4%

Q1
9.530
22-Mar
22
Mar
11.275
9.403
10.237
11.10
20.2%

Q2
9.385
21-Jun
21
Jun
9.449
9.325
9.378
31.15
56.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

135

ELTY01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

80.0

12.5

64.0

10.0

48.0

7.5

32.0

5.0

16.0

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q3

Q4

10.716
29-Sep
12.630
9.952
11.926
20.02
28.6%

10.238
30-Dec
12.489
9.860
10.877
69.23
98.9%

Q2

9.884 10.562
17-Mar 26-Jun
12.994 12.607
9.884 10.558
1
12.405
11.505
WA
31.20
25.00
Volume2
44.6% 35.7%
Turnover3
Modified Duration (Yrs): 7.357
Last
Date
High
Low

2010
Q1

Q2

11.934
10-Mar
11.979
9.886
11.832
20.99
30.0%

10.720
30-Jun
12.111
10.073
10.557
42.00
60.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

SIKELTY01A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

140

20.0

112

16.0

84

12.0

56

8.0

28

4.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 2.975

Q4
-

Last
Date
g
High
Low

Q1

18.689
16-Dec
18.811
18.689
18.750
120.00
800.0%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

SIKELTY01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

140.0

15.0

112.0

12.0

84.0

9.0

56.0

6.0

28.0

3.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

Q4
-

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 3.323
Last
Date
g
High
Low

12.769
22-Dec
14.796
12.769
13.460
120.00
533.3%

Q1

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

ELTY01A

9.367

10.570

9.563

103

0.36

46.60%

8.737

2.

ELTY01B

9.860

12.994

10.877

145

0.51

51.95%

7.357

3.

SIKELTY01A

18.689

18.811

18.750

120

0.42

200.00%

2.975

4.

SIKELTY01B

12.769

14.796

13.460

120

0.42

133.33%

3.323

488

TOTAL

136

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
ELTY01A

Q2-2009

Q3-2009

Q4-2009

Outstanding

84

15 3

Outstanding

220

ELTY01B

69

20

25

31

Outstanding

280

SIKELTY01A

120

Outstanding

60

SIKELTY01B

120

Outstanding

90
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

100

150

200

250

300

137

EXCL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

XL AXIATA TBK
:
:
:
:
:

ADDRESS
Graha XL, Jln Mega Kuningan Lot E4-7 No. 1,
Kawasan Mega Kuningan, Jakarta 12950
Phone : (021) 576-1881, 5795-9928
Fax : (021) 5795-9711

idAATelecommunication
www.xl.co.id
Murni Nurdini
Bank Permata Tbk.

FINANCIAL HIGHLIGHT

PROFILE
XL Axiata, Tbk. (XL) was established on October 6th 1989 under the
name of PT Grahametropolitan Lestari with main business in trading and
general services.
In 1995, along with cooperation with the Rajawali Group, PT
Grahametropolitan Lestari changed its name to PT Excelcomindo
Pratama and changed its main business to basic telephony service.
XL commenced commercially operations in 1996, primarily covering
Jakarta, Bandung and Surabaya areas. This has made XL the first
private company in Indonesia that provides cellular mobile telephony
services. Currently, XL operates its network with GSM 900/DCS 1800
and IMT-2000/3G technology.
Listed on the Indonesia Stock Exchange (previously known as the
Jakarta Stock Exchange) since 2005, XL is majority held by Axiata
Group Berhad (previously known as TM International Berhad) through
Indocel Holding Sdn Bhd and Emirates Telecommunications Corporation
(Etisalat) through Etisalat International Indonesia Ltd.
XL has now taken the lead in the industry as the cellular telecommunication
provider with extensive coverage throughout Indonesia. It provides
services for retail customers and offers business solutions for corporate
customers, including voice, data and other value-added mobile
telecommunications services.

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

1,170,203
938,578
127,633
3,719,563
23,179,767
1,386,705
28,911,713
6,196,579
18,407,237
24,603,816
2,265,000
709,000
7,090
100
907,213
4,307,897

747,965
454,063
19,886
25,372,806
23,616,394
1,644,156
27,380,095
6,008,894
12,568,088
18,576,982
2,265,000
850,800
8,508
100
2,616,681
8,803,113

-36.08
-51.62
-84.42
582.14
1.88
18.57
-5.30
-3.03
-31.72
-24.50
N/A
20.00
20.00
188.43
104.35

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

9,764,826 13,706,051
8,011,837 11,242,207
1,752,989 2,463,844
8 011 837 11
8,011,837
11,242,207
242 207
1,752,989 2,463,844
-1,828,198
-113,578
-75,209 2,350,266
-60,100
640,798
-15,109 1,709,468

40.36
40.32
40.55
40 32
40.32
40.55
93.79
N/A
N/A
N/A
N/A

2.11
6.24
12.47
17.98

-63.05
N/A
N/A
0.14

BALANCE SHEETS

Change %

FINANCIAL RATIOS
5.71
-0.05
-0.15
17.95

DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

138

Code

EXCL02

Series Name

II Tahun 2007

Outstanding
(Rp Million)

1,500,000

Listing
Date

27-Apr-07

Maturity
Date

26-Apr-12

Issue
Term

5 Years

Coupon
Structure

Fixed 10.35%

Coupon
p
Payment
Date
26-Jul-10
26-Oct-10
26-Jan-11
26-Apr-11

Rating
idA+
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
EXCL02
Trading Volume
(Rp Billion)

350

10.0

280

8.0

210

6.0

140

4.0

70

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

9.059
8.169
31-Mar
31 Mar 30-Jun
30 J n
9.241
8.835
7.924
7.929
8.469
8.996
WA1
320.55 319.00
Volume2
85.5% 85.1%
Turnover3
Modified Duration (Yrs): 6.084
Last
D t
Date
High
Low

2010
Q3

Q4

8.155
28-Sep
28 Sep
8.311
7.913
8.050
103.89
27.7%

7.956
30-Dec
30 Dec
8.369
7.956
8.088
189.52
50.5%

Q1

Q2

7.969
26-Mar
26 Mar
8.869
7.955
8.150
105.00
28.0%

7.945
07-Jun
07 J n
8.168
7.819
7.929
163.00
43.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1
1.

EXCL02

Low
7 913
7.913

High

Weighted Avg.
Executed
Yield (%)

9 241
9.241

% of Total

Turnover
Ratio
(%)

933

3 29
3.29

62 20%
62.20%

933

3.29

TRADING VOLUME
(Billion Rp)

8 088
8.088

TOTAL

Modified
Duration (Yrs)
End of Year
6 084
6.084

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
EXCL02

321

Q2-2009

Q3-2009

319

104

Outstanding

Q4-2009

Outstanding

190
1,500

160

320

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

480

640

800

960

1,120

1,280

1,440

1,600

139

FIFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

FEDERAL INTERNATIONAL FINANCE


:
:
:
:
:

idAAFinancial Institution
www.fifkredit.com
Arie Susanty
Bank Mandiri (Persero) Tbk.

ADDRESS
Menara FIF
Jln. T.B. Simatupang Kav. 15 Cilandak Barat, Jakarta Selatan 12430
Phone : (021) 769-8899
Fax : (021) 769-5599

PROFILE
PT Federal International Finance (the Company) was incorporated
in Jakarta on 1 May 1989 as PT Mitrapusaka Artha Finance based
on notarial deed No. 1 of Rukmasanti Hardjasatya, S.H., which was
subsequently amended by notarial deed No. 40 dated 26 June 1989 of
the same notary.
Based on the Companys Articles of Association, the Companys purpose
and objectives are to engage as a Finance Company by providing general
consumer financing and financing based on Sharia principles,with the
scope of activities including:
1. To engage in financing activities by providing capital goods, either
through finance leases or operating leases, to be used by lessee
within a certain period of time based on periodic installment
payments.
2. To engage in financing by buying or transferring and administration
of short term collections or receivables arising from domestic and
overseas trading transactions.
3. To provide financing for the purchases of goods or services using
credit card.
4. To provide financing for procurement of goods with periodic
installment payments.
5. To provide financing based on mutual agreement between the
Company and other parties which requires customers to repay the
loans within a certain period based on a yield sharing.
The Companys Head office is located at Menara FIF, Jln. TB Simatupang
Kav. 15, Cilandak, Jakarta, and has 121 branch offices which are
located, among others, in Makassar, Banjarmasin, Medan, Palembang,
Semarang, Yogyakarta, Surabaya, Denpasar, Kediri, Jember, Bandung
and others.

FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income

Million Rp except Par Value

Change %

Dec-2008

Dec-2009

699,004
51,160

303,111
141,422

-56.64
176.43

7,706,325

8,283,198

7.49

59,520
137,994
9,167,492
3,994,272
60,170
6,814,584
300
300,000
280,000
280
1,000
2,072,908
2,352,908

76,928
133,359
9,128,354
2,294,833
127,289
6,223,190
300
300,000
280,000
280
1,000
2,625,164
2,905,164

29.25
-3.36
N/A
-0.43
-42.55
111.55
-8.68
26.64
23.47

4,468,090
4 468 090
3,577,884
890,206

44,300,785
300 785
3,158,318
1,142,467

-3.74
3 74
-11.73
N/A
28.34

277,823
612,383

330,628
811,840

19.01
32.57

2.90
6.68
13.71
19.92

2.14
8.89
18.88
26.56

-26.04
33.14
37.73
33.33

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

140

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

FIFA07D

1.

FIFA08C

2.

FIFA09B

3.

Outstanding
(Rp Million)

VII Tahun 2007 Seri D

VIII Tahun 2008 Seri C

IX Tahun 2009 Seri B

350,000

360,000

Listing
Date

03-May-07

14-May-08

93,000

30-Apr-09

Maturity
Date

02-May-11

13-May-11

29-Apr-11

Issue
Term

48 Months

3 Years

2 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 10.75%

02-Aug-10
02-Nov-10
02-Feb-11
02-May-11

idAAstable

Fixed 12.625%

13-Aug-10
13-Nov-10
13-Feb-11
13-May-11

idAAstable

Fixed 13.55%

29-Jul-10
29-Oct-10
29-Jan-11
29-Apr-11

idAAstable

29-Jul-10
FIFA09C

4.

IX Tahun 2009 Seri C

542,000

30-Apr-09

29-Apr-12

3 Years

29-Oct-10

Fixed 14.6%

29-Jan-11

idAAstable

29-Apr-11
04-Aug-10
FIFA10A

5.

X Tahun 2010 Seri A

300,000

30-Apr-10

04-May-11

370 Days

04-Nov-10

Fixed 8.1%

04-Feb-11

AA-

04-May-11
29-Jul-10
FIFA10B

6.

X Tahun 2010 Seri B

200,000

30-Apr-10

29-Apr-12

24 Months

29-Oct-10

Fixed 8.75%

29-Jan-11

AA-

29-Apr-11
29-Jul-10
FIFA10C

7
7.

X Tahun 2010 Seri C

400 000
400,000

30-Apr-10

29-Apr-13

36 Months

29-Oct-10

Fixed 10.15%
10 15%

29-Jan-11

AA-

29-Apr-11
29-Jul-10
FIFA10D

8.

X Tahun 2010 Seri D

600,000

30-Apr-10

29-Apr-14

48 Months

29-Oct-10

Fixed 10.55%

29-Jan-11

AA-

29-Apr-11

TRADING HIGHLIGHT
FIFA07D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

80

10.0

64

8.0

48

6.0

32

4.0

16

2.0

Executed
Yield (%)

2009
Q1

Q2

7 923
7.923
7 962
7.962
05-Mar 16-Apr
7.923
7.962
7.909
7.921
1
7.921
7.932
WA
2
42.70
19.44
Volume
48.8% 22.2%
Turnover3
Modified Duration (Yrs): 7.996
Last
Date
High
Low

2010
Q3

Q4

7 938
7.938
06-Aug
7.971
7.928
7.962
37.00
42.3%

7 961
7.961
22-Dec
8.002
7.961
7.985
67.00
76.6%

Q1

Q2

7 982
7.982
7 800
7.800
31-Mar 07-May
7.982
7.894
7.894
7.800
7.878
7.972
25.00
59.00
28.6% 67.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

141

FIFA08C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15

10.0

12

8.0

6.0

4.0

2.0

Executed
Yield (%)

2009
Q1

Q2

8.711
- 02-Jun
8.711
8.711
1
8.711
WA
1.00
Volume2
1.1%
Turnover3
Modified Duration (Yrs): 8.707
Last
Date
High
Low

2010
Q3

Q4

8.546
05-Aug
8.546
8.546
8.546
5.00
5.6%

8.567
08-Dec
8.640
8.567
8.580
12.00
13.3%

Q1

Q2

8.473
8.502
12-Mar 19-May
8.473
8.502
8.453
8.467
8.460
8.483
3.00
13.00
3.3% 14.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FIFA09B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

60.0

10.0

48.0

8.0

36.0

6.0

24.0

4.0

12.0

2.0

Executed
Yield (%)

2009
Q1

Q2

N/A
9.264
N/A 09-Jun
N/A
9.264
9.264
N/A
N/A
9.264
WA1
N/A
28.00
Volume2
N/A 120.4%
Turnover3
Modified Duration (Yrs): 2.009
Last
Date
High
Low

2010
Q3

Q4

Q1

Q2

9.263
2.00
8.6%

9.296
9.048
9.004
27-Oct 15-Mar 21-Jun
9.296
9.286
9.004
9.296
9.048
8.976
9.071
8.978
9.296
37.00
48.75
3.75
16.1% 159.1% 209.7%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

FIFA09C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

140.0

12.5

112.0

10.0

84.0

7.5

56.0

5.0

28.0

2.5

Executed
Yield (%)

2009
Q1

Q2

N/A
9.663
N/A 26-Jun
N/A
9.663
N/A
9.552
N/A
9.660
WA1
2
N/A
53.50
Volume
N/A 39.5%
Turnover3
Modified Duration (Yrs): 6.217
Last
Date
High
Low

2010
Q3

Q4

9.009
08-Sep
9.663
9.009
9.042
21.10
15.6%

9.648
23-Dec
9.702
9.388
9.576
28.80
21.3%

Q1
9.238
29-Mar
9.743
9.238
9.441
131.40
97.0%

Q2
9.203
18-Jun
9.690
9.178
9.255
86.90
64.1%

Q1-09

142

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

FIFA10A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250.0

10.0

200.0

8.0

150.0

6.0

100.0

4.0

50.0

2.0

Executed
Yield (%)
Last
Date
High
o
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
6.517
N/A 30-Jun
N/A
6.517
N/A
6.504
N/A
6.511
N/A 209.00
N/A 278.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

FIFA10B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

350.0

10.0

280.0

8.0

210.0

6.0

140.0

4.0

70.0

2.0

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
6.988
N/A 12-May
N/A
6.993
N/A
6.984
N/A
6.989
N/A 293.00
N/A 586.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

FIFA10C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

500.0

10.0

400.0

8.0

300.0

6.0

200.0

4.0

100.0

2.0

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
7.751
N/A 30-Jun
N/A
7.751
N/A
7.623
N/A
7.725
N/A 459.10
N/A 459.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

143

FIFA10D
Trading Volume
(Rp Billion)

75.0

10.0

60.0

8.0

45.0

6.0

30.0

4.0

15.0

2.0

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Last
Date
High
o
Low
WA1
Volume2
Turnover3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

7.734
03-Jun
7.943
7.692
7.909
63.00
42.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

FIFA07D

7.909

8.002

7.985

166

0.59

47.47%

7.996

2.

FIFA08C

8.546

8.711

8.580

18

0.06

5.00%

8.707

3.

FIFA09B

9.264

9.296

9.296

34

0.00

36.29%

2.009

4
4.

FIFA09C

9 009
9.009

9 702
9.702

9 576
9.576

103

0 00
0.00

19 08%
19.08%

6 217
6.217

321

0.65

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
FIFA07D

43

19

37

Q2-2009

Q3-2009

Q4-2009

Outstanding

67

Outstanding

350

FIFA08C 1-5 12
Outstanding

360

FIFA09B

- 28 2

Outstanding

93

FIFA09C

54

21

29

Outstanding

542
-

144

100

200

300

400

500

600

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

145

FREN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

MOBILE-8 TELECOM TBK


:
:
:
:
:

ADDRESS
Menara Kebon Sirih 18th Fl.
Jln. Kebon Sirih Kav. 17 - 19, Jakarta 10340
Phone : (021) 392-0218
Fax : (021) 392-0219

idBBB+
Telecommunication
www.mobile-8.com
Chris Taufik
Bank Permata Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Mobile-8 Telecom Tbk (Mobile-8 or the Company) was established
in December 2002.
Mobile-8 operates in the 800 MHz spectrum on the CDMA2000 1X
platform and provides mobile cellular services with Fren brand name,
fixed wireless services with Hepi brand name and VoIP services with
number code 01068. Coverage area of Fren includes big cities such as
Jakarta, Bandung, Semarang, Yogyakarta, Surabaya, Malang, Menado,
Medan, Palembang, Banjarmasin, Makasar, Bali, Lampung and Batam
as well as reached almost all big and small cities and villages in Java,
For Hepi, the coverage has reached Jakarta, Bandung, Surabaya,
Semarang, Banjarmasin, Medan, Bogor, Malang, Yogyakarta, Solo,
Cirebon, Makassar and Denpasar. It is also provides data services with
EV-DO technology.
Mobile-8 achieved Best CDMA Operator Award, Best CDMA Prepaid
Award, third place for Best Contact Center Award, the Best Call Centre
2009 and MURI record for Fren Duo in 2009.

Million Rp except Par Value

Dec-2008

BALANCE SHEETS

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

23,734
23,839
0.44
24,568
16,428
-33.13
81,876
32,590
-60.20
-27.53
743,951
539,174
3,613,932 3,505,513
-3.00
11,092
344,566 3,006.52
-0.85
4,797,892 4,756,935
13.11
1,122,146 1,269,211
-8.59
2,948,428 2,695,192
-2.61
4,070,574 3,964,402
N/A
33.33
6,000,000 8,000,000
31.62
2,023,587 2,663,476
63.24
20,236
33,034
100
100 & 50
-38.70
-1,871,648 -2,596,044
8.97
727,318
792,532

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

731,831
1,134,882
-403,051
1 134 882
1,134,882
-403,051
-775,442
-1,178,493
-109,625
-1,068,868

368,969
1,044,478
-675,509
11,044,478
044 478
-675,509
835
-674,674
49,722
-724,396

-49.58
-7.97
-67.60
-7.97
7 97
-67.60
N/A
42.75
N/A
N/A
32.23

5.60
-22.28
-146.05
-55.07

5.00
-15.23
-196.33
-183.08

-10.62
31.64
-34.42
-232.42

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

146

Code

FREN01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

606,500

Listing
Date

16-Mar-07

Maturity
Date

15-Jun-17

Coupon
p
Payment
Date

Issue
Term

Coupon
Structure

5 Years

5% to 8 period start from


15 Sep 09;
8% to 12 period start
from 15 Sep 11;
18% to 12 period start
from 15 Sep 14

Rating

15-Sep-10
15-Dec-10
15-Mar-11
idD
15-Jun-11 (Default)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FREN01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

800

15.0

640

12.0

480

9.0

320

6.0

160

3.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

11.268 13.862
17-Mar 26-May
11.268 13.862
11.268 13.844
11.268 13.853
WA1
10.00
4.00
Volume2
6.6%
2.6%
Turnover3
M difi d Duration
Modified
D ti (Yrs):
(Y ) 66.794
794
Last
Date
High
Low

2010
Q3

Q4

10.112 15.299
07-Sep 30-Dec
18.415 15.994
10.089
9.899
11.093 12.799
38.00 711.50
25.1% 469.2%

Q1

Q2

15.639
17-Mar
15.639
13.383
14.077
63.00
41.5%

12.439
30-Jun
15.569
12.310
14.371
73.00
48.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


( )
Code

No.
1.

Low

FREN01

High

9.899

18.415

% of Total

Turnover
Ratio
(%)

764

2.69

125.89%

764

2.69

TRADING VOLUME
(Billion Rp)

12.799

TOTAL

Modified
Duration (Yrs)
End of Year
6.794

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
Q1
2009

Q2
Q2-2009
2009

FREN01 10 38

Q3
Q3-2009
2009

Q4
Q4-2009
2009

Outstanding

712

Outstanding

607
-

100

200

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

300

400

500

600

700

800

900

147

IATG
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INFOASIA TEKNOLOGI GLOBAL TBK


:
:
:
:
:

PROFILE
PT. Infoasia Teknologi Global Tbk was established in 1995. The company
is engaged Computer Hardware Distribution, Network Services and
System Integrator, Network Provider and Internet Services, ASP, TV
Cable and Telecommunication Services.
Vision : to integrate the future communication through innovative
technology
Mission : to become a gateway of Information Technology and
Telecommunications in the region by providing the most advanced
technology and cost-effective services for the full satisfaction of our
customers towards the next millennium.
The scope of companys business activities could be included in 4 (four)
business activities :
1.

Supplier or telecommunication network & service of data and voice


traffic wholeselling/refilling

2.

Supplier internet access, internet telephony and data communication


services

3.

Distributor of computer hardware

4.

Supplier of Inmarsat satellite and Global Positioning System (GPS)


services

The company and its subsidiaries are :


1.

PT Global Teknindo Infotama, engaged in the sales agent of various


computer hardware brands of big, medium and small companies,
as well as state own companies.

2.

PT Sejahtera Globalindo, engaged in Internet Service Provider


(ISP) and Wireless Network, as well as content provider VoIP
operator.

3.

Global Communication Inc., engaged in network provider and


data and voice traffic telecommunication services for Asia Pacific
countries

4.

Distribution Technology Inc., engaged in the trading of various


computer hardware and software in ASEAN region

5.

PT Gemilang Putri Nusantara, or known as Bali Interactive who


operates and own cable TV license as well as own last mile
backbone fiber optic in the whole Southern part of Bali Island

148

ADDRESS
Ruko Gading Kirana Timur Blok A11 No. 15
Kelapa Gading Permai, Jakarta Utara
Phone : (021) 453-5290, 633-2329
Fax : (021) 453-5225

Ba2.id
Telecommunication
www.infoasia.com
Noviana Halim
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

Sep-2007

Sep-2008

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

15,882
77,295
2,704
100,164
201,597
480
366,389
53,143
73,948
127,091
789
240,000
89,997
900
100
122,801
238,509

6,731
72,638
2,631
88,525
203,879
427
391,065
82,343
64,819
147,162
1,060
240,000
89,997
900
100
121,520
242,842

-57.62
-6.03
-2.72
-11.62
1.13
-10.89
6.73
54.95
-12.35
15.79
34.31
-1.04
1.82

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating
O
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

276,336
220,901
55,434
33
054
33,054
22,380
-10,350
12,030
69
12,099

338,731
297,614
41,117
31
929
31,929
9,188
-13,388
-4,200
132
-4,068

22.58
34.73
-25.83
-3.41
3 41
-58.94
-29.36
N/A
N/A
91.53
N/A

0.53
3.30
4.38
8.10

0.61
-1.04
-1.20
2.71

13.73
N/A
N/A
-66.51

BALANCE SHEETS

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

IATG01B

1.

I Tahun 2004 Seri B

IATG01C

2.

Outstanding
(Rp Million)

9,267

I Tahun 2004 Seri C

60,233

Listing
Date

28-Dec-04

28-Dec-04

Maturity
Date

23-Dec-09

23-Dec-09

4 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Issue
Term

Rating

Fixed 13.30%

23-Dec-10
Moody's
23-Mar-11
: Ca.id
23-Jun-11
negative
23-Sep-11

Fixed 13.75%

23-Dec-10
Moody's
23-Mar-11
: Ca.id
23-Jun-11
negative
23-Sep-11

TRADING HIGHLIGHT
IATG01B
No Transaction in the Year of 2009 and Q1-Q2 2010
IATG01C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2.00

15.0

1.60

12.0

1.20

9.0

0.80

6.0

0.40

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

Q1

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

2010

2009
Q2

Q3
-

Q1

Q4
-

Q2
-

14-Apr
1.85
12.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

149

IMFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDOMOBIL FINANCE INDONESIA


:
:
:
:
:

ADDRESS
Wisma Indomobil 11th Fl.
Jln. M.T. Haryono Kav. 8, Jakarta 13330
Phone : (021) 856-4846, 850-8230
Fax : (021) 856-4381, 856-6171

idAFinancial Institution
www.indomobilfinance.com
Ita Astriani
Bank Rakyat Indonesia (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT. Indomobil Finance Indonesia (the Company) is a company
engaged in the business of consumer financing, leasing and factoring.
The Company was established in 1993 under the name of PT Indomaru
Multi Finance as a joint venture company between PT Indomobil Sukses
Internasional Tbk and Marubeni Corporation.
The Company changed its name to become PT Indomobil Finance
Indonesia in the year of 2003 and has focused its business efforts to
consumer financing business. The Company now owns 196 branches/
representative offices/outlets throughout Indonesia as well as partnership
with over 1,900 well-known dealerships across Indonesia.
Improving the quality of consumer/client services is an important agenda
of the Companys management through the realization of competent
human resources and implementing a sophisticated and integrated
information technology system.
A vast marketing network, good quality assets, undoubted experience
and financing support from many leading banks, are factors that make
this Company commits to become a trusted and reliable financing
company in Indonesia.
The composition of shareholders of the Company is as follows :
1. PT Indomobil Sukses Internasional Tbk = 99.25%
2. PT IMG Sejahtera Langgeng = 0.75%

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax

The composition of the Board of Commissioners is as follows :


President Commissioner
: Soebronto Laras
Commissioner
: Gunadi Sindhuwinata
Independent Commissioner : Rhenald Kasali

Net Tax
Net Income

The composition of the Board of Directors is as follows :


President Director
: Jusak Kertowidjojo
Director
: Alex Sutisna
Director
: Stefanus Ismail Tjitrabudi
Director
: Gunawan

Million Rp except Par Value

Dec-2008

Dec-2009

76,942
546

19,076
9

Change %
-75.21
-98.37

2,006,631

1,518,136

-24.34

16,984
35,056
37,156
2,273,748
1,412,698
5,172
1,904,184
0.1
100,000
100,000
0.1
1,000,000
257,592
369,564

15,380
29,150
18,924
1,708,993
599,312
4,133
1,317,136
0.1
100,000
100,000
0.1
1,000,000
293,593
491,857

-9.44
-16.85
-49.07
-24.84
-57.58
-20.09
-30.83
13.98
33.09

613
679
613,679
518,559
95,120

542
902
542,902
472,622
70,279

11 53
-11.53
-8.86
N/A
-26.12

28,298
66,822

29,279
41,001

3.47
-38.64

5.15
2.94
10.89
15.50

2.68
2.40
7.55
12.95

-48.03
-18.37
-30.64
-16.48

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

2.

150

Code

IMFI03B

IMFI03C

Series Name

III Tahun 2009 Seri B

III Tahun 2009 Seri C

Outstanding
(Rp Million)

170,000

204,000

Listing
Date

01-May-09

01-May-09

Maturity
Date

30-Apr-11

30-Apr-12

Issue
Term

2 Years

3 Years

Coupon
Structure

Coupon
Payment
Date

Rating

Fixed 16%

30-Jul-10
30-Oct-10
30-Jan-11
30-Apr-11

idAstable

Fixed 17%

30-Jul-10
30-Oct-10
30
Oct 10
30-Jan-11
30-Apr-11

idA
idAstable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
IMFI03B
Trading Volume
(Rp Billion)

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

Q4

N/A
9.931
9 931
9.854
9 854
N/A 28-May 04-Sep
N/A 10.113 10.079
N/A
9.906
9.854
N/A 10.011 10.015
WA1
N/A 167.74 186.00
Volume2
N/A 394.7% 437.6%
Turnover3
Modified Duration (Yrs): 7.166

10.110
10 110
03-Dec
10.110
10.110
10.110
10.00
23.5%

LLastt
Date
High
Low

Q1

Q2

9.979
9 979
18-Mar
9.979
9.979
9.979
3.00
7.1%

9 976
9.976
23-Jun
10.302
9.944
10.008
20.00
47.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

IMFI03C
Trading Volume
(Rp Billion)

50

12.5

40

10.0

30

7.5

20

5.0

10

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

2010
Q3

Q2

10 417
N/A 10.417
N/A 02-Jun
N/A 10.433
N/A 10.311
N/A 10.367
WA1
N/A
35.00
Volume2
N/A 68.6%
Turnover3
Modified Duration (Yrs): 6.877
LLastt
Date
High
Low

Q4
-

10
433
10.433
03-Dec
10.433
10.433
10.433
17.00
33.3%

Q1

Q2

10.430
10 430 10.406
10 406
23-Mar 12-May
10.433 10.406
10.430 10.138
10.432 10.292
22.00
30.00
43.1% 58.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Low

Code

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1
1.

IMFI03B

9 854
9.854

10 113
10.113

10 110
10.110

364

1 28
1.28

213 96%
213.96%

7 166
7.166

2.

IMFI03C

10.311

10.433

10.433

52

0.18

25.49%

6.877

416

1.46

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
IMFI03B

Q2-2009

Q3-2009

Q4-2009

168

Outstanding

Outstanding

186

10

170

IMFI03C

35

- 17

Outstanding

204
-

50

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

150

200

250

300

350

400

151

INDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDOFOOD SUKSES MAKMUR TBK


:
:
:
:
:

PROFILE
PT Indofood Sukses Makmur Tbk (Indofood) (IDX: INDF) was
established in the Republic of Indonesia on August 14, 1990 under its
original name PT Panganjaya Intikusuma.
Indofood located at Sudirman Plaza - Indofood Tower, 27th Floor, Jln.
Jend. Sudirman Kav 76-78, Jakarta 12910.
From simple beginnings as an instant noodle producer, Indofood has
been progressively transformed to become a Total Food Solutions
company with operations in all stages of food manufacturing from the
production of raw materials and their processing through to consumer
products on the retailers shelf. A leader within its industry in Indonesia,
an extensive distribution system supports the position of the Companys
products as household names in every part of the country.
The Company operates four complementary Strategic Business Groups
(Group):

Consumer Branded Products (CBP), the producer of a range of


packaged foods under a number of divisions including Noodles,
Dairy, Food Seasoning, Snack Foods and Nutrition & Special
Foods. CBP Group is supported by the Food Ingredients and
Packaging Divisions.

Bogasari, producer of flour and pasta. The Group is supported by


a shipping unit.

Agribusiness, principal activities range from research and


development, oil palm seed breeding and cultivation as well as
refining, branding and marketing of cooking oil, margarine and
shortening. In addition, the Group is also involve in the cultivation
and processing of rubber, sugar cane, cocoa and tea.

Distribution boasts the most extensive distribution network in


Indonesia. It distributes the majority of the Companys consumer
products as well as third party products.

Indofoods strongest legacy today is the strength of its brands, many


of which have been companions to the people of Indonesia for years.
These include a variety of brands of instant noodles (Indomie, Supermi
and Sarimi), dairy (Indomilk and Cap Enaak), wheat flour (Segitiga
Biru, Kunci Biru and Cakra Kembar), cooking oil (Bimoli) and margarine
(Simas Palmia). Despite intense competition, these brands remain the
market leaders in their specific segments with a reputation for quality and
are very well accepted by various market segments.

152

ADDRESS
Sudirman Plaza, Indofood Tower 27th Fl.
Jln. Jend. Sudirman Kav. 76 - 78, Jakarta 12190
Phone : (021) 5795-8822
Fax : (021) 5793-7373

idAA+
Food And Beverages
Werianty Setiawan
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

4,271,208
2,760,971
6,061,219
14,598,422
9,586,545
1,673,000
39,594,264
16,262,161
10,170,208
26,435,324
4,660,191
3,000,000
878,043
8,780
100
5,328,387
8,498,749

4,474,830
2,296,474
5,117,484
12,954,813
10,808,449
2,044,473
40,382,953
11,158,962
13,727,819
24,886,781
5,340,677
3,000,000
878,043
8,780
100
6,991,568
10,155,495

4.77
-16.82
-15.57
-11.26
12.75
22.20
1.99
-31.38
34.98
-5.86
14.60
31.21
19.49

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

38,799,279 37,140,830
29,822,362 27,018,884
8,976,917 10,121,946
4 635 441 55,117,737
4,635,441
117 737
4,341,476 5,004,209
-1,741,653
-940,396
2,599,823 4,063,813
801,553 1,207,032
-782,597
-780,920
1,034,389 2,075,861

-4.27
-9.40
12.76
10 40
10.40
15.27
46.01
56.31
50.59
0.21
100.68

2.45
5.14
5.59
13.47

-21.22
96.77
109.65
20.41

BALANCE SHEETS

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

3.11
2.61
2.67
11.19

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

INDF04

1.

IV Tahun 2007

INDF05

2.

Outstanding
(Rp Million)

2,000,000

V Tahun 2009

Listing
Date

16-May-07

1,610,000

19-Jun-09

Maturity
Date

Issue
Term

15-May-12

5 Years

18-Jun-14

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 10.0125%

15-Aug-10
15-Nov-10
15-Feb-11
15-May-11

idAA
stable

Fixed 13%

18-Sep-10
18-Dec-10
18-Mar-11
18-Jun-11

idAA
stable

3 Years

TRADING HIGHLIGHT
INDF04
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1000

10.0

800

8.0

600

6.0

400

4.0

200

2.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

2010
Q3

Q2

7.520
7.560
27-Mar 23-Jun
8.767
8.720
7.463
7.520
8.078
7.811
WA1
2
193.95
250.62
Volume
50.1% 38.8%
Turnover3
Modified Duration (Yrs): 9.012
Last
Date
g
High
Low

Q4

7.582
15-Sep
8.048
7.532
7.667
17.44
3.5%

7.892
23-Dec
8.256
7.554
7.623
123.29
24.7%

Q2

Q1

7.459
7.534
29-Mar 30-Jun
8.271
8.068
7.426
7.458
7.636
7.506
203.22 913.17
40.6% 182.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

INDF05
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

700

12.5

560

10.0

420

7.5

280

5.0

140

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

N/A 10.654
N/A 26-Jun
N/A 10.802
N/A 10.634
N/A 10.718
WA1
N/A 269.00
Volume2
N/A 66.8%
Turnover3
Modified Duration (Yrs): 8.080
Last
Date
g
High
Low

Q3

Q4

10.798
29-Sep
10.798
10.205
10.456
145.00
36.0%

Q1

Q2

10.674 10.145
21-Dec 31-Mar
11.485 11.550
10.053 10.072
10.523 10.182
300.00 650.00
74.5% 161.5%

10.168
28-Jun
10.626
10.065
10.143
146.00
36.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2010

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009

No.

Code

% of Total

Turnover
Ratio
(%)

1.

INDF04

7.463

8.767

7.623

585

2.06

29.26%

9.012

2.

INDF05

10.053

11.485

10.523

714

2.52

44.35%

8.080

1,299

4.58

Executed Yield (%)


Low

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

High

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

153

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
INDF04

194

251

Q2-2009

Q4-2009

Outstanding

17 123

Outstanding

2,000

INDF05

145

269

300

Outstanding

1,610
-

154

Q3-2009

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

This page is intentionally right blank

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

155

INKP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDAH KIAT PULP & PAPER TBK


:
:
:
:
:

ADDRESS
BII Plaza Tower II, 9th Fl.,
Jln. MH. Thamrin No. 51, Jakarta 10350
Phone : (021) 392-9266 - 69
Fax : (021) 392-7685

idD
Pulp & Paper
www.app.co.id
Agustian R. Partawijaya
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Indah Kiat Pulp & Paper Tbk (the Company) was established in
the Republic of Indonesia under the framework of the Foreign Capital
Investment Law No. 1 of 1967, based on the Notarial Deed of Ridwan
Suselo No. 68 dated December 7, 1976.
Based on the revised Article 3 of the Companys Articles of Association,
the Company is engaged in manufacturing, trading, mining and forestry.
Currently, the Company is engaged in manufacturing of paper, pulp and
packaging.
The Company is headed at M.H. Thamrin Street No. 51, Jakarta 10350
and the mills are located in Tangerang and Serang, West Java and
Perawang, Riau in Indonesia.
The Company has direct and indirect ownership in subsidiaries: Direct
Ownership Indah Kiat International Finance Company B.V., Indah Kiat
Finance Mauritius Limited, IK Trading Limited, Indah Kiat Finance (IV)
Mauritius Limited, Indah Kiat Finance (III) Mauritius Limited, IK Import
& Export Limited, Indah Kiat Finance (VIII) Mauritius Limited, Global
Fibre Limited, Imperial Investment Limited, Indah Kiat Finance B.V., PT
Graha Kemasindo Indah, PT Paramitra Abadimas Cemerlang dan PT
Paramitra Gunakarya Cemerlang.

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

381,716
13,336,559
5,150,218
10,044,696
47,725,347
77,339
65,349,184
8,336,455
33,463,997
41,800,452
2,921
20,000,000
5,470,983
5,471
1,000
-487,505
23,545,812

527,532
2,554,696
3,993,350
8,344,776
40,272,145
65,182
54,838,745
9,443,116
26,605,173
36,048,289
1,583
20,000,000
5,470,983
5,471
1,000
-1,914,897
18,788,872

38.20
-80.84
-22.46
-16.92
-15.62
-15.72
-16.08
13.27
-20.50
-13.76
-45.78
-292.80
-20.20

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

24,933,168
19,385,196
5,547,972
2 317 512
2,317,512
3,230,460
-1,067,008
2,163,453
-53,439
-184
2,216,707

16,728,482
15,072,948
1,655,534
11,696,582
696 582
-41,047
-1,122,492
-1,163,539
332,377
513
-1,495,403

-32.91
-22.25
-70.16
26 79
-26.79
N/A
-5.20
N/A
N/A
N/A
N/A

1.78
3.39
8.89
12.96

1.92
-2.73
-8.94
-0.25

8.07
N/A
N/A
N/A

BALANCE SHEETS

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

2
2.

156

Code

INKP02A

INKP02B

Series Name

I Tahun 1999 Seri A

I Tahun 1999 Seri B

Outstanding
(Rp Million)

69,612

500 000
500,000

Listing
Date

01-Oct-04

01-Oct-04

Maturity
Date

01-Oct-14

01-Oct-17

Issue
Term

Coupon
p
Payment
Date

Coupon
Structure

10 Years

13 Years

Rating

SBI 3 Months + 2%

01-Oct-10
01-Jan-11
01-Apr-11
01-Jul-11

idD

SBI 3 Months + 2%

01-Oct-10
01-Jan-11
01-Apr-11
01-Jul-11

idD

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
INKP02A
Trading Volume
(Rp Billion)

75.0

20.0

60.0

16.0

45.0

12.0

30.0

8.0

15.0

4.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2

Q1

2010
Q3

9.988 17.039
11-Feb
11 Feb 06-May
06 Ma
9.988 17.039
9.988 17.039
9.988 17.039
WA1
2.74
0.11
Volume2
15.8%
0.6%
Turnover3
Modified Duration (Yrs): 8.036
Last
D t
Date
High
Low

Q4

9.963
24-Aug
24
A g
9.963
9.963
9.963
1.26
7.3%

Q1
-

Q2

10.738
24-Feb
24
Feb
10.738
10.738
10.738
69.81
401.2%

9.901
17-Jun
17
J n
12.807
9.901
10.715
8.14
46.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10
Q2 10

INKP02B
Trading Volume
(Rp Billion)

300

15.0

240

12.0

180

9.0

120

6.0

60

3.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2

Q1

9.761 19.992
11-Feb
11
Feb 06-May
06 May
9.761 19.992
9.761 11.007
1
9.761 11.904
WA
8.00
1.80
Volume2
6.4%
1.4%
Turnover3
Modified Duration (Yrs): 8.134
Last
D t
Date
High
Low

Q3

Q4

Q1

Q2

12.621 10.738
23-Nov
23
Nov 24-Feb
24 Feb
12.621 10.738
12.621 10.738
12.621 10.738
0.25 257.85
0.2% 206.3%

9.886
24-Aug
24
Aug
9.886
9.886
9.886
2.00
1.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Low

High

% of Total

Turnover
Ratio
(%)

0 01
0.01

5 91%
5.91%

8 036
8.036

12

0.04

2.41%

8.134

TRADING VOLUME

No.

Code

(Billion Rp)

1
1.

INKP02A

9 963
9.963

17 039
17.039

9 963
9.963

2.

INKP02B

9.761

19.992

12.621

16

0.06

TOTAL

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009

Q2-2009

Q3-2009

Q4-2009

Outstanding

INKP02A
Outstanding

69

INKP02B
Outstanding

500
-

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

300

400

500

600

157

ISAT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDOSAT TBK
:
:
:
:
:

ADDRESS
Jln. Medan Merdeka Barat No. 21
Jakarta - 10110
Phone : (021) 3000-3001, 386-9614, 386-9166
Fax : (021) 3000-3754

idAA+
Telecommunication
www.indosat.com
Strasfiatri Auliana
Bank Rakyat Indonesia (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE

BALANCE SHEETS

Million Rp except Par Value

Dec-2008

Dec-2009

Change %

PT Indosat Tbk was established by the Government on November 10, 1967 as a


foreign investment company to provide international telecommunications services
in Indonesia and began commercial operations in September 1969 to build,
transfer and operate an International Telecommunications Satellite Organization,
or Intelsat, earth station in Indonesia to access Intelsats Indian Ocean Region
satellites for a period of 20 years. As a global consortium of international
satellite communications organizations, Intelsat owns and operates a number
of telecommunications satellites. Indosat now offers telecommunication services
such as nationwide cellular prepaid and postpaid services; fixed telecommunication
or fixed voice offering including IDD, fixed wireless and fixed phone services;
and fixed data or Multimedia, Internet & Data Communication services such as
IPVPN, leased line and internet services together with its subsidiary companies
Indosat Mega Media (IM2) and Lintas Arta. Indosat was a pioneer in introducing
wireless broadband services using 3.5 G with HSDPA technology to Indonesia
As of March 2010, Indosat is a public company with ownership of 65% Qtel Asia,
20.71% Public and 14.29% Government of Indonesia. The company is currently
listed in Indonesia Stock Exchange (ticker name ISAT) and New York Stock
Exchange (ticker name IIT).

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

5,737,866
1,357,620
241,991
9,659,773
38,394,073
752,822
51,693,323
10,675,245
23,319,519
33,994,764
288,938
2,000,000
543,393
5,434
100
14,902,299
17,409,621

2,835,999
1,949,984
112,260
7,139,627
44,428,807
824,863
55,041,487
13,068,122
23,685,082
36,753,204
330,593
2,000,000
543,393
5,434
100
15,461,237
17,957,690

-50.57
43.63
-53.61
-26.09
15.72
9.57
6.48
22.42
1.57
8.11
14.42
3.75
3.15

According to article 3 of its Articles of Association, the Companys purposes


and objectives are to provide telecommunication networks, telecommunication
services as well as information technology and/or convergence technology
services by carrying out the following main business activities:

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
O
Operating
ti Profit
P fit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

18,659,133 18,393,016
13,925,854 15,180,001
4,733,279 3,213,015
13,925,854 15,180,001
4 733 279 3,213,015
4,733,279
3 213 015
-2,408,164
-981,022
2,325,115 2,231,993
419,830
677,265
-26,763
-56,483
1,878,522 1,498,245

-1.43
9.01
-32.12
9.01
-32.12
32 12
59.26
-4.01
61.32
-111.05
-20.24

To provide telecommunication networks, telecommunication services as well as


information technology and/or convergence technology services, including but
not limited in providing basic telephony services, multimedia services, internet
telephony services for public use.
Interconnection internet services, internet access services, mobile
telecommunication networks and fixed telecommunication networks; and
To engage in payment transactions and money transfer services through
telecommunication networks as well as information technology and/or
convergence technology.
The Company can provide supporting business activities in order to achieve the
purposes and objectives, and to support its main businesses, as follows:
To plan, to procure, to modify, to build, to provide, to develop, to operate, to
lease, to rent, and to maintain infrastructures/facilities including resources to
support the Companys business in providing telecommunication networks,
telecommunication services as well as information technology and/or
convergence technology services;

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

1.95
3.63
10.07
25.37

2.05
2.72
8.15
17.47

4.81
-25.09
-19.09
-31.14

To conduct business and operating activities (including development, marketing


and sales of telecommunication networks, telecommunication services as well
as information technology and/or convergence technology services by the
Company), including research, customer services, education and courses both
domestic and overseas; and
To conduct other activities necessary to support and/or related to the provision
of telecommunication networks, telecommunication services as well as
information technologyband/or convergence technology services including
but not limited in electronic transactions and provision of hardware, software,
content as well as telecommunication managed services.
The company has direct and indirect ownership in subsidiaries: Indosat Finance
Company B.V, Indosat International Finance Company B.V, Indosat Singapore Pte.
Ltd, PT Indosat Mega Media, PT Starone Mitra Telekomunikasi, PT Aplikasinusa
Lintasarta, PT Artajasa Pembayaran Elektronis and PT Satelindo Multi Media.

158

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

Code

Series Name

ISAT02BXBFTW

ISAT03BXBFTW

II Tahun 2002 Seri B

III Tahun 2003 Seri B

ISAT04A

IV Tahun 2005

ISAT04B

Syariah Ijarah Tahun


2005

ISAT05A

V Tahun 2007 Seri A

ISAT05B

V Tahun 2007 Seri B

SIKISAT02

Sukuk Ijarah II Tahun


2007

ISAT06A

VI Tahun 2008 Seri A

ISAT06B

VI Tahun 2008 Seri B

SIKISAT03

Sukuk Ijarah III Tahun


2008

ISAT07A

VII Tahun 2009 Seri A

Outstanding
(Rp Million)

200,000

640,000

815,000

285,000

1,230,000

1,370,000

400,000

760,000

320,000

570,000

700,000

Listing
Date

08-Nov-02

23-Oct-03

22-Jun-05

22-Jun-05

30-May-07

30-May-07

30-May-07

10-Apr-08

10-Apr-08

10-Apr-08

09-Dec-09

Maturity
Date

06-Nov-32

22-Oct-10

21-Jun-11

21-Jun-11

29-May-14

29-May-17

29-May-14

09-Apr-13

09-Apr-15

09-Apr-13

08-Dec-14

Issue
Term

Coupon
Structure

Coupon
Payment
Date

Rating

Fixed 16.00%

06-Nov-10
06-Feb-11
06-May-11
06-Aug-11

idAA+
stable

Fixed 12.875%

22-Oct-10
22-Jan-11
22-Apr-11
22-Jul-11

idAA+
stable

6 Years

Fixed 12.000%

21-Sep-10
21-Dec-10
21-Mar-11
21-Jun-11

idAA+
stable

6 Years

Ijarah Fee Rp8.55 billion


quarterly

30 Years

7 Years

21-Sep-10
21
S 10
21-Dec-10 idAA+(sy
21-Mar-11 ) stable
21-Jun-11

Fixed 10.20%

29-Aug-10
29-Nov-10
01-Mar-11
01-Jun-11

idAA+
stable

10 Years

Fixed 10.65%

29-Aug-10
29-Nov-10
01-Mar-11
01-Jun-11

idAA+
stable

7 Years

Ijarah Fee Rp40.8 billion


pa

7 Years

29-Aug-10
29-Nov-10 idAA+(sy
01-Mar-11 ) stable
01-Jun-11

Fixed 10.25 %

09-Jul-10
09
Jul 10
09-Oct-10
09-Jan-11
09-Apr-11

idAA+
stable

10 Years

Fixed 10.80 %

09-Jul-10
09-Oct-10
09-Jan-11
09-Apr-11

idAA+
stable

7 Years

Ijarah Fee Rp58.425


billion pa

7 Years

5 Years

09-Jul-10
09-Oct-10 idAA+(sy
09-Jan-11 ) stable
09-Apr-11

Fixed 11.25% pa

08-Dec-10
08-Mar-11
08-Jun-11
08-Sep-11

idAA+
negative

08-Dec-10
08 Mar 11
08-Mar-11
08-Jun-11
08-Sep-11

idAA+
negative

12.

ISAT07B

VII Tahun 2009 Seri B

600,000

09-Dec-09

08-Dec-16

7 Years

Fixed 11.75% pa

13.

SIKISAT04A

Sukuk Ijarah IV Tahun


2009 Seri A

28,000

09-Dec-09

08-Dec-14

5 Years

Ijarah Fee Rp3.15 billion

SIKISAT04B

Sukuk Ijarah IV Tahun


2009 Seri B

Years
7Y

08-Dec-10
idAA+(sy
08-Mar-11
Ijarah
billion
Ij h Fee
F Rp20.21
R 20 21 billi
)
08-Jun-11
negative
08-Sep-11

14
14.

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

172,000
172
000

09-Dec-09
09 D 09

08-Dec-16
08
D 16

08-Dec-10
idAA+(sy
08-Mar-11
)
08-Jun-11
negative
08-Sep-11

159

TRADING HIGHLIGHT
ISAT02BXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10

12.5

10.0

7.5

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q3

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0

Last
Date
High
Low

2010

29-Sep
3.00
6.0%

Q4
17-Dec
8.00
16.0%

Q1

Q2

23-Feb
4.50
9.0%

30-Jun
5.00
10.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT03BXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

170

10.0

136

8.0

102

6.0

68

4.0

34

2.0

0.0

Q1 09
Q1-09

Q2
Q2-09
09

Q3
Q3-09
09

Q4
Q4-09
09

Q1-10
Q1 10

Q2
Q2-10
10

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

9.271
9.209
06-Feb 29-Apr
9.596
9.376
9.271
9.169
9.431
9.237
WA1
2.00
67.20
Volume2
1.3% 42.0%
Turnover3
Modified Duration (Yrs): 5.049
Last
Date
High
Low

9.125
11-Sep
9.230
9.114
9.201
29.00
18.1%

Q4
9.137
30-Dec
9.313
9.094
9.164
151.50
94.7%

Q1

Q2

9.037
30-Mar
9.131
8.995
9.043
51.50
32.2%

8.456
30-Jun
8.609
8.456
8.547
99.00
61.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT04A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

500.0

12.5

400.0

10.0

300.0

7.5

200.0

5.0

100.0

2.5
-

Q1-09

160

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

10.332 10.499
25-Mar 23-Jun
10.344 10.543
10.094 10.244
10.178 10.446
WA1
44.34
66.40
Volume2
21.8% 32.6%
Turnover3
Modified Duration (Yrs): 3.280
Last
Date
High
Low

2010
Q3

10.413
10-Sep
10.565
10.413
10.477
14.00
6.9%

Q4

Q1

10.361 10.372
14-Dec 03-Mar
11.215 11.292
10.166 10.225
10.320 10.311
26.00 456.05
12.8% 223.8%

Q2
10.491
29-Jun
10.491
10.147
10.312
59.92
29.4%

Weighted Average; 2 Trading Volume in Billion Rp


((4 X Volume))
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

ISAT04B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50

12.5

40

10.0

30

7.5

20

5.0

10

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

10.399 10.375
31-Mar 30-Jun
12.816 10.499
10.066 10.328
10.831 10.385
WA1
8.80
6.00
Volume2
12.4%
8.4%
Turnover3
Modified Duration (Yrs): 8.615
Last
Date
High
Low

10.375
10-Sep
10.596
10.307
10.462
4.80
6.7%

Q4
10.154
29-Dec
11.204
10.146
10.612
28.15
39.5%

Q1

Q2

10.154
30-Mar
11.292
10.144
10.768
21.20
29.8%

10.366
25-Jun
12.815
10.180
10.616
48.60
68.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT05A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

300

10.0

240

8.0

180

6.0

120

4.0

60

2.0
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

Q3

8.642
8.307
30-Mar 30-Jun
8.813
8.675
7.827
7.862
8.287
8.443
WA1
195.25 159.56
Volume2
63.5% 51.9%
Turnover3
Modified Duration (Yrs): 9.369
Last
Date
High
Low

7.983
30-Sep
8.405
7.947
8.096
55.35
18.0%

Q4
8.102
30-Dec
8.357
7.810
7.960
219.33
71.3%

Q1

Q2

7.940
26-Mar
8.248
7.855
8.007
117.00
38.0%

7.828
29-Jun
8.054
7.694
7.870
267.69
87.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT05B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

450

10.0

360

8.0

270

6.0

180

4.0

90

2.0
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

8.910
8.536
31-Mar 18-Jun
9.154
9.127
8.075
8.104
88.681
681
88.844
844
WA1
84.14 286.47
Volume2
24.6% 83.6%
Turnover3
Modified Duration (Yrs): 8.896
Last
Date
High
Low

2010
Q3

8.460
30-Sep
9.073
8.110
8 372
8.372
188.37
55.0%

Q4

Q1

8.231
8.141
30-Dec 31-Mar
9.029
9.127
8.081
7.678
8 378
88.258
258
8.378
188.37 406.00
55.0% 118.5%

Q2
8.089
18-Jun
8.358
7.989
88.095
095
150.00
43.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

161

SIKISAT02
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50.0

10.0

40.0

8.0

30.0

6.0

20.0

4.0

10.0

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

9.123
8.074
23-Mar 26-Jun
9.123
8.830
8.717
7.907
8.850
8.405
WA1
9.00
36.20
Volume2
9.0% 36.2%
Turnover3
Modified Duration (Yrs): 9.647
Last
Date
High
Low

Q4

7.907
30-Sep
8.108
7.833
8.063
22.10
22.1%

Q1

7.973
11-Dec
8.625
7.692
8.022
20.60
20.6%

Q2

7.907
31-Mar
8.681
7.720
8.158
23.00
23.0%

7.959
22-Jun
8.672
7.880
7.969
45.00
45.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT06A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

450

10.0

360

8.0

270

6.0

180

4.0

90

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

9.672
8.957
19-Mar 04-Jun
9.672
8.957
8.989
8.882
9.125
8.895
WA1
17.70
11.70
Volume2
9.3%
6.2%
Turnover3
Modified Duration (Yrs): 9.834
Last
Date
High
Low

Q4

8.975
30-Sep
8.990
8.743
8.876
30.70
16.2%

Q1

Q2

8.989
8.952
8.784
12-Oct 30-Mar 25-Jun
9.244
9.077
8.990
8.989
8.895
8.738
9.103
8.962
8.819
39.50 195.00 382.01
20.8% 102.6% 201.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT06B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100.0

10.0

80.0

8.0

60.0

6.0

40.0

4.0

20.0

2.0

0.0

Executed
Yield (%)

2009
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

2010
Q3

Q4
-

Q1
-

9.250
31-Mar
9.376
9.250
99.323
323
81.00
101.3%

Q2
9.257
07-Jun
9.257
9.051
99.094
094
31.00
38.8%

Q1-09

162

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

SIKISAT03
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

150.0

10.0

120.0

8.0

90.0

6.0

60.0

4.0

30.0

2.0

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

8.845
8.882
31-Mar 26-Jun
10.439
9.085
8.845
8.760
9.123
8.877
WA1
52.35 119.05
Volume2
36.7% 83.5%
Turnover3
Modified Duration (Yrs): 4.251
Last
Date
High
Low

9.081
29-Sep
9.137
8.760
8.921
55.94
39.3%

Q4

Q1

8.952
30-Dec
9.232
8.888
9.003
93.90
65.9%

Q2

8.838
22-Mar
9.160
8.838
9.057
84.50
59.3%

8.932
22-Jun
8.932
8.900
8.908
3.15
2.2%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT07A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1200.0

10.0

960.0

8.0

720.0

6.0

480.0

4.0

240.0

2.0

Executed
Yield (%)

2009
Q1

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1
-

Q2

8.651
8.601
26-Mar 10-Jun
8.783
8.722
8.577
8.589
8.694
8.671
333.00 1032.00
190.3% 589.7%

Q1-09 Q2-09

Q3-09 Q4-09

Q1-10 Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

ISAT07B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1200.0

10.0

960.0

8.0

720.0

6.0

480.0

4.0

240.0

2.0

Executed
Yield (%)

2009
Q1

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
L
Low

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1
8.786
- 31-Mar
8.961
88.722
722
8.858
- 1136.00
- 757.3%

Q2
8.844
15-Jun
9.037
88.661
661
8.841
40.00
26.7%

Q1-09 Q2-09

Q3-09 Q4-09

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q1-10 Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

163

SIKISAT04A
No Transaction in the Year of 2009 and Q1-Q2 2010
SIKISAT04B
Trading Volume
(Rp Billion)

35.0

10.0

28.0

8.0

21.0

6.0

14.0

4.0

7.0

2.0

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.110

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Last
Date
High
Low

9.083
23-Dec
9.086
9.083
9.085
33.00
76.7%

Q1

Q2

8.813
8.698
25-Feb 20-May
8.831
8.698
8.813
8.661
8.822
8.680
20.40
4.00
47.4%
9.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

ISAT02BXBFTW

100.000

11

0.04

5.50%

2
2.

ISAT03BXBFTW

9 094
9.094

9 596
9.596

9 164
9.164

252

0 89
0.89

39 33%
39.33%

5 049
5.049

3.

ISAT04A

10.094

11.215

10.320

151

0.53

18.50%

3.280

4.

ISAT04B

10.066

12.816

10.612

48

0.17

16.75%

8.615

5.

ISAT05A

7.810

8.813

7.960

637

2.24

51.78%

9.369

6.

ISAT05B

7.678

9.154

8.378

770

2.71

56.19%

8.896

7.

SIKISAT02

7.692

9.123

8.022

88

0.31

21.98%

9.647

8.

ISAT06A

8.743

9.672

9.103

102

0.36

13.37%

9.834

9.

ISAT06B

10.

SIKISAT03

8.760

10.439

9.003

321

1.13

56.36%

4.251

11.

ISAT07A

12.

ISAT07B

13.

SIKISAT04A

14.

SIKISAT04B

9.083

9.086

9.085

33

0.12

19.19%

9.110

2,412

8.50

TOTAL

164

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009

Q2-2009

Q3-2009

Q4-2009

Outstanding

ISAT02BXBFTW
Outstanding

200

ISAT03BXBFTW

67 29

152

Outstanding

640

ISAT04A

44 66

Outstanding

815

ISAT04B

28

Outstanding

285

ISAT05A

195

160

219

55

Outstanding

1,230

ISAT05B

84

286

188

188

Outstanding

1,370

SIKISAT02
Outstanding

400

ISAT06A

40

Outstanding

760

ISAT06B
Outstanding

320

SIKISAT03

52

119

56

Outstanding

94
570

ISAT07A
Outstanding

700

SIKISAT04B

33

Outstanding

172

SIKISAT04A
Outstanding

28

SIKISAT04B

33

Outstanding

172
-

150

300

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

450

600

750

900

1,050

1,200

1,350

1,500

165

JPFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

JAPFA COMFEED IDONESIA TBK


:
:
:
:
:

ADDRESS
Wisma Millenia 7th Fl.
Jln. MT Haryono Kav. 16, Jakarta 12810
Phone : (021) 831-0308
Fax : (021) 831-0309

idBBB+
Animal Feed
www.japfacomfeed.co.id
Christine R. Wibisono
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Japfa Comfeed Indonesia Tbk (the Company) was established under
the Notarial Deed Djojo Muljadi, SH No. 59 dated January 18, 1971.
The Companys office address is at 7th Floor Wisma Millenia, Jl. MT.
Haryono Kav. 16 Jakarta 12810, with 12 feedmills located in Sidoarjo
East Java, Surabaya East Java, Tangerang-Banten, Cikande, Serang
Banten, Cirebon West Java, Medan North Sumatera, Sragen-Central
Java, Makassar South Sulawesi, Lampung, Padang-West Sumatera,
and Bati-Bati - South Kalimantan.
In accordance with the Article 3 of the Companys Article of Association
as being legalized under the Decree of Ministry of Law and Human
Rights Number : AHU-43020.AH.01.02 2008, the Company is engaged
in the following business activities :

Manufacturing/ producing any kind of animal feed raw materials,


copra and other vegetable-oils containing feed, cassava and other
raw materials;

Chicken farming and breeding of parent stocks, day-old chicks and


other poultries;

Cultivating and farming of all kinds of livestock and fisheries /


aquacultures;

All type of down-stream operations of the above-mentioned


industries, such as the abattoir operations for the chicken and other
livestock products, cold storage operation and the processing of the
poultry and other animal products including all of their by-products
as well as the supporting business of the above-mentioned
activities, such as the plastic bags and other packaging materials;

Trading domestically all the poultry and animal products mentioned


above, animal feed supplies, animal vaccines related to the abovementioned operations, engaging in export and import activities
under the Companys own risk as well as cooperating with other
parties (either undertaking the roles of commissioners, suppliers,
agent/representative, wholesaler and distributor/channeling agent,
franchiser).

The Company distributes its products mainly within Indonesia with some
exports to Asia, Europe and the United States.
Effectively as of December 1, 2009 PT Multi Agro Persada Tbk is
merging with the Company.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

371,866
523,812
690,839
800,028
1,979,930 2,112,078
3,433,619 3,968,640
1,593,171 1,809,507
19,592
25,625
5,384,809 6,070,137
1,980,816 1,798,979
2,190,829 1,901,180
4,171,645 3,700,159
170,462
268,438
2,000,000 2,000,000
1,489,415 1,605,878
1,489
2,072
1,000 1000 & 200
-679,572
52,005
1,042,702 2,101,540

Dec-2009

Change %

N/A
101.55

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

11,524,719 14,340,277
9,761,678 11,667,465
1,763,041 2,672,812
11,150,833
150 833 11,297,003
297 003
612,208 1,375,809
-318,157
-125,891
295,219 1,249,918
45,960
351,112
4,153
-84,355
253,412
814,451

24.43
19.52
51.60
12 70
12.70
124.73
60.43
323.39
663.95
N/A
221.39

1.76
13.42
5.68
9.59

-55.99
185.11
158.29
80.61

40.86
15.81
6.67
15.58
13.58
30.79
12.73
-9.18
-13.22
-11.30
57.48
7.82
39.10

FINANCIAL RATIOS
4.00
4.71
2.20
5.31

DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

166

Code

JPFA01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

500,000

Listing
Date

12-Jul-07

Maturity
Date

11-Jul-12

Issue
Term

5 Years

Coupon
Structure

Fixed 12.75%

Coupon
Payment
Date
11-Jan-08
11-Apr-08
11-Jul-08
11-Oct-08

Rating
idBBB+
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
JPFA01
Trading Volume
(Rp Billion)

15.0

12.5

12.0

10.0

9.0

7.5

6.0

5.0

3.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q1

10.707
30-Mar
30
Mar
12.303
10.707
11.488
WA1
13.00
Volume2
10.4%
Turnover3
Modified Duration (Yrs): 3.159

2010
Q3

Q2
-

Last
D t
Date
High
Low

Q4
-

Q1

Q2
-

10.588
30-Dec
30
Dec
10.590
10.588
10.589
2.00
1.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10
Q2 10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1
1.

JPFA01

Low

High

10 588
10.588

12 303
12.303

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

15

0 05
0.05

3 00%
3.00%

15

0.05

TRADING VOLUME
(Billion Rp)

10 589
10.589

TOTAL

Modified
Duration (Yrs)
End of Year
3 159
3.159

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
JPFA01

Q2-2009

Q3-2009

Q4-2009

Outstanding

13

Outstanding

500
-

50

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

150

200

250

300

350

400

450

500

167

JPRO
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

JAKARTA PROPERTINDO
:
:
:
:
:

ADDRESS
Menteng Office Park 8th Fl.
Jln. Probolinggo No. 18 Jakarta - 10350
Phone : (021) 230-1187
Fax : (021) 3193-4037, 230-1188

Baa2.id
Property And Real Estate
www.jakarta-propertindo.com
Mamat
Bank Mandiri (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Jakarta Propertindo Tbk (the Company) was established under the
name PT Pembangunan Pluit Jaya based on Deed No. 21 dated August
5th, 1997, made by Ida Fidiyantri, SH.
As of 2008 the Company moved into Menteng Office Park 8th Fl. Jl.
Probolinggo No. 18 Gondangdia, Menteng, Jakarta. The Company is
a sub-holding of the Provincial Government of Jakarta established in
December 2000.
Our Vision:
To become a market and environmentally oriented property and
infrastructure company, delivering quality products and services
Our Mission:

To develop lands and buildings in accordance with potentials


market trends.

To develop new areas in compliance with the urban development


plan.

To develop lands and buildings with due consideration to the


environment and customer service.

To develop property and other supporting service with orientation


toward the companys core business.

To develop infrastructure projects within Jakarta and surrounding


areas.

To develop strategically located properties with potential economic


values, which are owned by the provincial government of Jakarta.

Coastal area reclamation in accordance with the development plan


of the North Jakarta region.

Preparing the companys human capital as the Center of Excellence,


reliable to fill strategic positions within the company as well as other
companies owned by the Provincial Government of Jakarta.

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

92,615
102,435
522
82,990
217,592
8,677
929,958
5,225
396,117
6,022
750,000
429,996
430
1,000
97,823
527,819

176,964
124,919
905
86,852
224,811
27,903
997,091
3,360
450,695
5,398
750,000
429,996
430
1,000
111,003
540,998

91.08
21.95
73.46
4.65
3.32
221.58
7.22
-35.70
13.78
-10.36
13.47
2.50

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

282,502
188,014
94,487
80 797
80,797
13,691
23,576
37,267
25,353
490
24,864

218,689
121,601
97,088
78 194
78,194
18,894
19,932
38,826
13,613
627
25,840

-22.59
-35.32
2.75
-3.22
3 22
38.00
-15.46
4.18
-46.31
28.10
3.93

0.75
2.67
8.80
4.85

0.83
2.59
11.82
8.64

11.01
-3.07
34.25
78.27

BALANCE SHEETS

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

168

Code

JPRO01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

200,000

Listing
Date

29-Jun-07

Maturity
Date

28-Jun-12

Issue
Term

5 Years

Coupon
Structure

Fixed 12.75%

Coupon
Payment
Date
28-Sep-10
28-Dec-10
28-Mar-11
28-Jun-11

Rating

idBBB

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
JPRO01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

60

15.0

50

12.0

40

9.0

30
6.0

20

3.0

10
-

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

12.072 11.654
24-Feb
24 Feb 22-Jun
22 J n
12.072 12.284
11.537 11.654
12.015 12.207
WA1
48.05
29.65
Volume2
59.3% 96.1%
Turnover3
Modified Duration (Yrs): 5.40
Last
D t
Date
High
Low

2010
Q3

Q4

11.883
12-Aug
12 A g
12.284
11.621
11.921
27.22
54.4%

12.251
04-Dec
04 Dec
12.251
12.251
12.251
15.80
31.6%

Q1

Q2

12.072
31-Mar
31 Mar
12.859
12.072
12.242
12.20
24.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

JPRO01

Low

High

11 537
11.537

12 284
12.284

12 251
12.251

TOTAL

% of Total

Turnover
Ratio
(%)

121

0 43
0.43

60 36%
60.36%

121

0.43

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
5 400
5.400

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
JPRO01

30

Q2-2009
48

Outstanding

Q3-2009
27

Q4-2009

Outstanding

16
200

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

100

150

200

250

169

JSMR JASA MARGA (PERSERO) TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Plaza Tol Taman Mini Indonesia Indah
Jln. Tol Jagorawi, Jakarta 13550
Phone : (021) 841-3630, 841-3526
Fax : (021) 840-1533, 841-3540

idAAToll Road, Airport, Harbor And Allied Products


www.jasamarga.com
Okke Merlina
Bank Mega Tbk.

PROFILE
PT Jasa Marga (Persero) Tbk. (the Company) was established on 1
March 1978 when the first toll road in Indonesia, Jagorawi, was operated
to connect Jakarta, Bogor and Ciawi.
In accordance with Law No. 38 of 2004 concerning Road, effective from
18 October 2004, Jasa Margas role has changed from toll road regulator
to toll road investor that receives toll road concession rights from the
Government. Jasa Marga is ready to compete with private toll road
investors in constructing, operating and maintaining toll roads
Jasa Marga continues to implement several strategic actions to maximize
the value of the Company. Modernization, Good Corporate Governance,
Efficiency and Competent Human Resources are the foundations toward
the improvement of the Companys values. Now and in the future, Jasa
Marga is determined to strengthen its position as the leader in Indonesias
toll road industry.
Jasa Marga is making the efforts to get more toll road concessions in
Indonesia. The Company currently manages and operates 13 toll road
concessions through its 9 branch offices and one subsidiary. Jasa Marga
also holds the concessions of seven new toll road sections with the total
length reaching approximately 200 km. Four of them are new toll roads
located in Java Island i.e. Bogor Ring Road and parts of the Trans Java
i.e. Semarang-Solo, Gempol-Pasuruan and Surabaya-Mojokerto Toll
Roads; two of them are parts of JORR II i.e. Cengkareng-Kunciran and
Kunciran-Serpong Toll Roads; and one of them is part of JORR I i.e.
JORR W2 North.
The Company has ownership in subsidiaries: PT Jalantol Lingkarluar
Jakarta, PT Marga Sarana Jabar, PT Trans Marga Jateng, PT Marga
Trans Nusantara, PT Marga Kunciran Cengkareng, PT Marga Nujyasumo
Agung, and PT Marga Lingkar Jakarta.

FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity
INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

Million Rp except Par Value

Dec-2008

Dec-2009

3,377,248 3,314,003
31,034
64,672
3,906,983 3,430,338
9,007,986 9,863,302
84,717
392,755
14,642,760 16,174,264
1,237,276 2,966,355
6,521,661 5,462,468
7,758,937 8,428,823
311,815
562,062
9,520,000 9,520,000
3,400,000 3,400,000
6,800
6,800
500
500
832,409 1,457,048
6,572,008 7,183,379

Change %
-1.87
108.39
N/A
-12.20
9.50
363.61
10.46
139.75
-16.24
8.63
80.25
75.04
9.30

3,353,632
1,982,008
1,371,624
11,982,008
982 008
1,371,624
-425,802
945,822
223,922
-14,102
707,798

3,692,000
2,175,779
1,516,221
22,175,779
175 779
1,516,221
-422,327
1,093,894
211,682
-14,507
992,694

10.09
9.78
10.54
99.78
78
10.54
0.82
15.66
-5.47
-2.87
40.25

1.18
4.83
21.11
40.90

1.17
6.14
26.89
41.07

-0.61
26.97
27.40
0.41

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

170

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

JMPD10OXBFTW

2.

JMPD11PXBFTW

3.

JMPD12Q

4.

Outstanding
(Rp Million)

JMPD13R

X Tahun 2002 Seri O

650,000

XI Seri P Tahun 2003

XII Seri Q Tahun 2006

XIII Seri R Tahun 2007

Listing
Date

11-Dec-02

1,000,000

1,000,000

1,500,000

13-Oct-03

07-Jul-06

22-Jun-07

Maturity
Date

Issue
Term

Coupon
Payment
Date

Coupon
Structure

Rating

04-Dec-10

8 Years

04-Dec-10
04-Mar-11
04-Jun-11
04-Sep-11

idAAstable

10-Oct-13

10-Oct-10
Year 1-5: 12.30%; Year 6- 10-Jan-11
10 Years
10: 13.00%
10-Apr-11
10-Jul-11

idAAstable

06-Jul-16

Fixed 13.50%

06-Jul-10
06-Oct-10
06-Jan-11
06-Apr-11

idAAstable

Fixed 10.25%

21-Sep-10
21-Dec-10
21-Mar-11
21-Jun-11

idAAstable

21-Jun-17

10 Years

10 Years

Fixed 16.15%

TRADING HIGHLIGHT
JMPD10OXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

10.581 10.605
03-Mar 29-Jun
10.818 10.898
10.395
9.951
1
10.535
10.527
WA
54.20 102.45
Volume2
33.4% 63.0%
Turnover3
Modified Duration (Yrs): 7.427
Last
Date
g
High
Low

10.287
12-Aug
10.643
10.287
10.441
7.50
4.6%

Q4
10.559
29-Dec
10.794
10.367
10.537
31.77
19.6%

Q1

Q2

10.001
31-Mar
10.661
10.001
10.380
45.10
27.8%

10.256
25-Jun
10.367
10.230
10.276
21.60
13.3%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

JMPD11PXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250

12.5

200

10.0

150

7.5

100

5.0

50

2.5

Executed
Yield (%)

2009
Q1

Q2

10.799 10.567
12-Mar 01-May
10.799 10.567
10.661 10.394
10.771 10.449
WA1
5.00
4.00
Volume2
2.0%
1.6%
Turnover3
Modified Duration (Yrs): 6.694
Last
Date
High
Low

2010
Q3

10.320
12-Aug
10.320
10.171
10.247
13.00
5.2%

Q4
10.609
03-Dec
10.661
10.609
10.659
213.00
85.2%

Q1

Q2

10.394
31-Mar
10.661
10.065
10.322
114.00
45.6%

9.832
30-Jun
10.460
9.832
10.002
61.00
24.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

171

JMPD12Q
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50.0

15.0

40.0

12.0

30.0

9.0

20.0

6.0

10.0

3.0

2010

2009

Executed
Yield (%)

Q1

Q2

12.603 11.555
25-Mar 23-Jun
12.603 11.555
12.603 11.555
12.603 11.555
WA1
2
1.00
10.00
Volume
0.4%
4.0%
Turnover3
Modified Duration (Yrs): 8.130
Last
Date
High
Low

Q1

Q3

Q4

12.321
24-Jul
12.321
12.321
12.321
1.00
0.4%

11.793
29-Oct
11.795
11.790
11.792
2.50
1.0%

Q2

11.795
17-Feb
11.795
11.795
11.795
42.00
16.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

JMPD13R
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

2009

Executed
Yield (%)

Q1

Q2

10.512
9.193
27-Mar 23-Jun
10.512
9.193
8.841
8.889
9.965
9.150
WA1
16.25
11.60
Volume2
4.3%
3.1%
Turnover3
Modified Duration (Yrs): 9.379
Last
Date
High
Low

2010
Q3

Q4

8.889
22-Jul
9.523
8.889
9.068
5.05
1.3%

Q1

Q2

9.072
31-Mar
9.259
9.042
9.098
260.00
69.3%

9.115
28-Jun
9.201
9.085
9.120
241.00
64.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

TRADING STATISTICS 2009

No.

Code

% of Total

Turnover
Ratio
(%)

1.

JMPD10OXBFTW

9.951

10.898

10.537

196

0.69

30.14%

7.427

2.

JMPD11PXBFTW

10.171

10.799

10.659

235

0.83

23.50%

6.694

3.

JMPD12Q

11.555

12.603

11.792

15

0.05

1.45%

8.130

4.

JMPD13R

8.841

10.512

9.068

33

0.12

2.19%

9.379

478

1.69

Executed Yield (%)


Low

TOTAL

172

High

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
JMPD10OXBFTW

54

102

Q2-2009

Q3-2009

Q4-2009

Outstanding

32

Outstanding

650

JMPD11PXBFTW

213

Outstanding

1,000

JMPD12Q
Outstanding

1,000

JMPD13R
Outstanding

1,500
-

150

300

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

450

600

750

900

1,050

1,200

1,350

1,500

1,650

173

LPPI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

LONTAR PAPYRUS PULP & PAPER INDUSTRY


:
:
:
:
:

ADDRESS
Plaza BII, Menara II, 7th Fl.
Jln. M.H. Thamrin No. 51, Jakarta
Phone : (021) 392-9266 - 69
Fax : (021) 392-6179

idD
Pulp & Paper
www.asiapulppaper.com
Agustian Rachmansjah Partawidjaja
Bank Niaga Tbk.
FINANCIAL HIGHLIGHT

PROFILE
PT Lontar Papyrus Pulp & Paper Industry (the Company) was
established in the Republic of Indonesia on February 13, 1974 under the
framework of the Domestic Capital Investment Law No. 6 year 1968, as
amended by Law No. 12 year 1970 based on Notarial Deed No. 44 of
Malem Ukur Sembiring, S.H.
The Company is engaged in the manufacture of pulp and paper. The
Company is domiciled in Jambi, Sumatra, Indonesia and its plant is
located in Tebing Tinggi, Jambi. The Company started its commercial
operations in 1976.
In 2000, the Company listed Lontar Papyrus I Year 2000 Bonds on
the Surabaya Stock Exchange, currently named Indonesian Stock
Exchange, amounting to Rp1 trillion.
The Company has direct and indirect ownership in subsidiaries: Lontar
Papyrus Finance B.V. and Grand Ventures Limited.
The Company is located at two sites on the island of Sumatra, Indonesia.
The first site, located in Nanggroe Aceh Darussalam, commenced
commercial production in 1976. Its main product is uncoated freesheet.
The second site, located in Jambi, South Sumatra, started commercial
production in December 1994, and produces pulp. In addition, Lontar
PM#1 commenced commercial production in October 1998 at the Jambi
site, producing tissue paper. The Jambi Mill facility also produces
elemental chlorine-free pulp. The mill complex includes a wastewater
treatment plant, a caustic soda plant and a co-generation facility.

Million Rp except Par Value

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

20,411
402,982
879,701
1,614,172
8,500,660
382,615
12,208,265
6,194,415
1,734,710
7,929,125
3,200,000
854,815
1
1,000,000
277,506
4,279,140

15,971
180,499
676,725
1,004,907
6,981,465
488,659
9,848,615
5,238,902
1,602,954
6,841,856
3,200,000
1,004,815
1
1,000,000
-576,916
3,006,759

-21.75
-55.21
-23.07
-37.74
-17.87
27.72
-19.33
-15.43
-7.60
-13.71
N/A
17.55
17.55
N/A
-29.73

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

4,139,199
3,704,396
434,803
465 506
465,506
-30,704
179,624
148,920
53,929
202,849

3,189,787
-22.94
3,187,963
-13.94
1,824
-99.58
357
357,313
313
-23.24
23 24
-355,489 -1,057.80
-422,897
N/A
-778,386
N/A
36,754
-31.85
N/A
-815,140
N/A

1.85
1.66
4.90
-0.74

22.80
2.28
-8.28
N/A
-25.55
N/A
-11.14 -1,402.41

BALANCE SHEETS

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.
1.

2.

174

Code
LPPI02A

LPPI02B

Series Name
I Tahun 2000 Seri A

I Tahun 2000 Seri B

O
di
Outstanding
(Rp Million)
225,000

500,000

Li i
Listing
Date
01-Oct-04

01 Oct 04
01-Oct-04

M i
Maturity
Date
01-Oct-14

01 Oct 17
01-Oct-17

I
Issue
Term

Coupon
P
Payment
Date

C
Coupon
Structure

10 Years

13 Years

Rating

SBI 3 Months + 2%

01-Oct-10
01-Jan-11
01-Apr-11
01-Jul-11

idD

SBI 3 Months + 2%

01-Oct-10
01-Jan-11
01 Apr 11
01-Apr-11
01-Jul-11

idD

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
LPPI02A
Trading Volume
(Rp Billion)

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

7.288
20
Feb
20-Feb
7.288
7.288
7.288
WA1
4.48
Volume2
8.0%
Turnover3
Modified Duration (Yrs): 13.544
Last
D t
Date
High
Low

2010
Q3

Q4

8.466
0.41
0.7%

Q1
-

Q2

8.113
18
Mar
18-Mar
10.750
8.113
10.675
171.93
305.7%

8.029
07
J n
07-Jun
12.849
8.029
11.743
52.02
92.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

LPPI02B
Trading Volume
(Rp Billion)

350

12.5

280

10.0

210

7.5

140

5.0

70

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2

Q1

8.037
31-Mar
31
Mar
8.037
7.288
1
7.644
WA
14.93
Volume2
11.9%
Turnover3
Modified Duration (Yrs): 13.012
Last
D t
Date
High
Low

Q3
-

Q4

8.466
0.75
0.6%

Q1
-

Q2

10.750
24-Feb
24
Feb
10.750
10.750
10.750
336.40
269.1%

8.030
07-Jun
07
Jun
8.030
8.030
8.030
0.50
0.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1
1.

LPPI02A

7 288
7.288

7 288
7.288

8 466
8.466

0 02
0.02

2 17%
2.17%

13 544
13.544

2.

LPPI02B

7.288

8.037

8.466

16

0.06

3.14%

13.012

21

0.07

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009

Q2-2009

Q3-2009

Q4-2009

Outstanding

LPPI02A
Outstanding

225

LPPI02B

15 -

Outstanding

500
-

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

300

400

500

600

175

LTLS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

LAUTAN LUAS TBK


:
:
:
:
:

ADDRESS
Graha Indramas
Jln. AIP II K.S. Tubun Raya No. 77, Jakarta 11410
Phone : (62-021) 5367-7777
Fax : (62-021) 5367-1120

idAWholesale (Durable & Non-Durable Goods)


www.lautan-luas.com
Herman Santoso
Bank Mandiri (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Lautan Luas Tbk (the Company) was established under the name
Perusahaan Andil Maskapai Dagang dan Industri Lim Teck Lee
(Indonesia) based on notarial deed No. 75 dated January 18, 1951 of
Raden Mas Soerojo.
According to article 3 of the Companys articles of association, the
scope of its activities includes trading, manufacturing, agribisnis and
providing services, mining and construction/contractor and garage
services stations. The Company is currently involved in the distribution
of chemicals and the acquisition of investments in companies whose
business is the manufacture of chemicals. The Company starts its
commercial operation since the day of establishment.
The Companys head office is located in Graha Indramas Building, Jl.
AIP II K.S. Tubun Raya No. 77, West Jakarta 11410. As of March 31,
2010, the Company has five branches and six representative offices in
Indonesia.
The Company has direct ownership in subsidiaries: Lautan Luas
Singapore, Pte., Ltd., PT Cipta Mapan Logistik, PT White Oil Nusantara,
PT Dunia Kimia Jaya, PT Advance Stabilindo Industry, PT Indonesian
Acids Industry Limited, PT Pacinesia Chemical Industry, PT Dunia Kimia
Utama, PT Lautan Sulfamat Lestari, PT Metabisulphite Nusantara, PT
Daiti Carbon Nusantara, PT Hydro Hitech Optima, PT Strategic Partner
Solution, PT Lautan Jasaindo and PT Kryton Lautan Indonesia.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

177,904
786,380
1,047,306
2,112,208
889,072
3,494,853
1,879,789
660,779
2,540,568
154,895
600,000
195,000
780
250
491,499
799,390

297,996
645,853
445,607
1,479,211
879,817
3,081,130
1,319,201
806,079
2,125,280
192,507
600,000
195,000
780
250
532,964
763,343

67.50
-17.87
-57.45
-29.97
-1.04
N/A
-11.84
-29.82
21.99
-16.35
24.28
8.44
-4.51

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

4,458,094
3,523,168
934,926
413 762
413,762
521,164
-272,571
248,593
45,914
-56,833
145,846

3,746,865
3,180,406
566,459
429,467
429 467
136,992
-2,618
134,374
35,456
-12,993
85,925

-15.95
-9.73
-39.41
3.80
3 80
-73.71
99.04
-45.95
-22.78
77.14
-41.09

3.18
4.17
3.27
11.69

2.78
2.79
2.29
3.66

-12.40
-33.17
-29.90
-68.72

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

176

Code

LTLS03

Series Name

III Tahun 2008

Outstanding
(Rp Million)

500,000

Listing
Date

27-Mar-08

Maturity
Date

26-Mar-13

Issue
Term

5 Years

Coupon
Structure

Fixed 11,65%

Coupon
p
Payment
Date
26-Sep-10
26-Dec-10
26-Mar-11
26-Jun-11

Rating
idAstable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
LTLS03
Trading Volume
(Rp Billion)

75

12.5

60

10.0

45

7.5

30

5.0

15

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

12.455 11.120
30
Jan 04
J n
30-Jan
04-Jun
12.455 12.741
10.593 10.740
11.575 11.704
WA1
5.45
18.70
Volume2
4.4% 15.0%
Turnover3
Modified Duration (Yrs): 3.582
Last
D t
Date
High
Low

2010
Q4

Q3
10.937
30
Sep
30-Sep
11.033
10.740
10.924
62.74
50.2%

10.783
17
Dec
17-Dec
11.961
10.783
11.055
28.55
22.8%

Q1

Q2

10.749
07
Jan
07-Jan
10.749
10.749
10.749
0.35
0.3%

10.937
13
Apr
13-Apr
10.937
10.937
10.937
40.00
32.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009

Code

Low

High

Weighted Avg.
Executed
Yield (%)

LTLS03

10 593
10.593

12 741
12.741

11 055
11.055

Executed Yield (%)


No.
1
1.

% of Total

Turnover
Ratio
(%)

115 4
115.4

0 407
0.407

23 09%
23.09%

115.4

0.407

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year
3 582
3.582

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
LTLS03

5 19

63

Q2-2009

Q3-2009

Q4-2009

Outstanding

29

Outstanding

500
-

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

300

400

500

600

177

MAIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

MALINDO FEEDMILL TBK


:
:
:
:
:

ADDRESS
Jln. R.S. Fatmawati No. 39, Komplek Duta Mas Fatmawati
Blok A1 No. 30-31-32, Jakarta Selatan 12150
Phone : (021) 722-8383
Fax : (021) 723-7778

idA+(bg)
Animal Feed
Rudy Hartono
Bank Permata Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Malindo Feedmill Tbk (the Company) produces and trades animal
feed, particularly broiler breeder feed, broiler feed, layer breeder feed
and Commercial Day Old Chicks (DOC). The Company also invests in
subsidiaries that produce and markets parent stock DOC, Commercial
DOC and Broiler chickens.
The Company was established in 1998, with the name of PT Gymtech
Feedmill Indonesia. The Company has legally changed its name to PT
Malindo Feedmill in year 2000 and become a Public Company in 2006.
The Company continues to made rapid expansion progress till today.
In 2000, the Company ventured into the business of feedmilling by
acquiring a 150,000 MTon annual production capacity. In 2001, the
Company further expanded its business by acquiring three breeder
farms measuring 80 hectares with total production capacity of nearly 50
million DOCs. In 2003. the Company expanded to Surabaya by acquiring
one Feedmill with an annual capacity of 300,000 MTon and one breeding
farm. In 2001, the Company established PT Bibit Indonesia. The main
activities are in production of Parent Stock DOC. PT Bibit Indonesia
started its commercial operation in August 2002.
In year 2007, the Company has completed its new breeding and hatchery
farm in Probolinggo and Pasuruan, this has increase the Group total
DOC production capacity per annum to 68 million chicks. In the same
year, the Company expanded another new Grand Parent Stock (GPS)
Farm in Majalengka which increase the total annual PS DOC production
capacity to 1.8 million chicks.
In August 2007, the Company incorporated its broiler business through
a subsidiary PT Prima Fajar. The main activities is the cooperation with
the local farmers to raise broiler chicken (Plasma Farming) and this are
located in Bandung, Bogor, Sukabumi and Serang.
On March 10, 2008, the Company issued a bond. Obligasi I Malindo
Feedmill Tahun 2008 with an interest fixed rate of 11.8% per annum for a
total amount of Rp 300 billion.
On April 1, 2008, the Company acquired PT Leong Ayamsatu Primadona
(LAP). LAP is engaged in producing of DOC and broiler chicken. Its farms
locating in Subang (West Java) and Deli Serdang (North Sumatera).

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

19,920
140,003
156,435
538,230
264,793
533
859,935
461,457
353,927
815,384
-1,629
58,587
33,900
339
100
112,610
46,180

69,766
134,908
121,535
549,324
292,012
885,348
415,555
351,142
766,696
-2,143
58,587
33,900
339
100
187,224
120,794

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

1,729,647
1,569,722
159,925
80 621
80,621
79,305
-64,375
14,930
7,302
1,415
4,210

1,868,616
8.03
1,636,114
4.23
232,502
45.38
100
613
24 80
24.80
100,613
66.31
131,889
-19,527
69.67
112,362
652.61
36,906
405.39
514
-63.69
75,970 1,704.32

17.66
0.49
0.24
4.59

6.35
-64.05
8.58 1,652.53
4.07 1,570.13
7.06
53.94

BALANCE SHEETS

Change %
250.23
-3.64
-22.31
2.06
10.28
-100.00
2.96
-9.95
-0.79
-5.97
-31.53
66.26
161.57

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

178

Code

MAIN01

Series Name

I Tahun 2008

Outstanding
(Rp Million)

300,000

Listing
Date

10-Mar-08

Maturity
Date

06-Mar-13

Issue
Term

5 Years

Coupon
Structure

Fixed 11.8%

Coupon
p
Payment
Date
06-Sep-10
06-Dec-10
06-Mar-11
06-Jun-11

Rating
idAA(bg)
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
MAIN01
Trading Volume
(Rp Billion)

60

10.0

48

8.0

36

6.0

24

4.0

12

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

9.508
9.690
24-Jun
31 Mar 24
J n
31-Mar
9.508
9.690
9.079
9.572
9.288
9.670
WA1
4.00
6.00
Volume2
5.3%
8.0%
Turnover3
Modified Duration (Yrs): 8.488
Last
D t
Date
High
Low

2010
Q3

Q4

9.736
09-Jul
09 J l
9.736
9.736
9.736
1.00
1.3%

9.669
29-Dec
29
Dec
9.669
9.669
9.669
2.00
2.7%

Q1

Q2

9.669
03-Mar
03 Mar
9.669
9.669
9.669
22.00
29.3%

9.442
15 J n
15-Jun
9.777
9.442
9.573
54.80
73.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1
1.

MAIN01

Low
9 079
9.079

High

Weighted Avg.
Executed
Yield (%)

9 736
9.736

% of Total

Turnover
Ratio
(%)

13

0 05
0.05

4 33%
4.33%

13

0.05

TRADING VOLUME
(Billion Rp)

9 669
9.669

TOTAL

Modified
Duration (Yrs)
End of Year
8 488
8.488

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
MAIN01

Q2-2009

Q3-2009

Q4-2009

Outstanding

46

Outstanding

300
-

30

60

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

90

120

150

180

210

240

270

300

179

MAPI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

MITRA ADIPERKASA TBK


:
:
:
:
:

ADDRESS
Wisma 46, 8th Fl. Kota BNI
Jln. Jend. Sudirman Kav. 1, Jakarta - 10220
Phone : (021) 574-5808
Fax : (021) 574-0150

idA+
Retail Trade
www.map-indonesia.com
Fetty Kwartati
Bank CIMB Niaga Tbk.

PROFILE
PT Mitra Adiperkasa Tbk (MAP) is incorporated in 1995, and today the
company has been achieved a phenomenal growth over the years. MAP
is the leading lifestyle retailer in Indonesia with a diversified portfolio
that includes department stores sports, fashion, kids, food & beverage,
and also lifestyle. As a listed company in the Indonesia Stock Exchange
since 2004, MAP is supported by more than 10,000 employees. Till end
of 2009, the company operates 717 retail outlets in 23 cities throughout
Indonesia. MAP has been successfully issued bond and sukuk Ijarah
in December 2009. MAP was twice voted Best Managed Company in
Indonesia by AsiaMoney Magazine in 2005 and FinanceAsia Magazine
in 2007.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

278,153
198,786
1,129,800
1,936,628
1,131,046
1,211
3,760,969
1,380,405
1,252,986
2,633,391
9
2,000,000
830,000
1,660
500
313,474
1,127,568

189,687
182,067
1,145,509
1,839,970
1,116,751
3,121
3,379,394
1,270,111
821,224
2,091,336
15
2,000,000
830,000
1,660
500
477,460
1,288,044

-31.80
-8.41
1.39
-4.99
-1.26
157.82
-10.15
-7.99
-34.46
-20.58
58.62
52.31
14.23

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

3,468,036
1,626,630
1,841,406
11,538,057
538 057
303,349
-390,727
-87,379
-17,588
-0
-69,791

4,112,215
18.57
26.29
2,054,321
11.76
2,057,894
13.79
11,750,178
750 178
13 79
307,716
1.44
-25,877
93.38
281,839
N/A
117,847
N/A
-6 -3,748.28
163,986
N/A

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

180

2.34
-1.86
-2.01
8.75

1.62
4.85
3.99
7.48

-30.48
N/A
N/A
-14.45

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

MAPI01A

2.

3.

4.

Outstanding
(Rp Million)

I Tahun 2009 seri A

199,000

MAPI01B

I Tahun 2009 seri B

30,000

SIKMAPI01A

Sukuk Ijarah I Tahun


2009 Seri A

SIKMAPI01B

Sukuk Ijarah I Tahun


2009 Seri B

96,000

39,000

Listing
Date

17-Dec-09

17-Dec-09

17-Dec-09

17-Dec-09

Maturity
Date

16-Dec-12

16-Dec-14

16-Dec-12

16-Dec-14

Issue
Term

3 Years

5 Years

3 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 12.25%

16-Dec-10
16-Mar-11
16-Jun-11
16
Sep 11
16-Sep-11

idA+
stable

Fixed 13.00%

16-Dec-10
16-Mar-11
16-Jun-11
16-Sep-11

idA+
stable

Fixed : Rp122.5 million


per Rp1 billion

16-Dec-10
16-Mar-11 idA+ (sy)
stable
16-Jun-11
16 Sep 11
16-Sep-11

Fixed : Rp130 million per


Rp1 billion

16-Dec-10
16-Mar-11 idA+ (sy)
stable
16-Jun-11
16-Sep-11

TRADING HIGHLIGHT
MAPI01A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.404
Last
Date
Hi h
High
Low

Q4

Q1

Q2

N/A 10.145 10.070


N/A 22-Dec 26-Mar
10.145
10.145
N/A 10
145 10
145
N/A 10.145
9.904
N/A 10.145 10.105
N/A
52.00 130.00
N/A 104.5% 261.3%

10.100
24-Jun
10.157
10 157
10.066
10.098
49.00
98.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

MAPI01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12.5

10.0

7.5

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

Q1

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
Hi h
High
Low

2010

2009
Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q3

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1
-

10.445
24-Feb
10.445
10
445
10.445
10.445
2.00
26.7%

Q2
10.157
08-Apr
10
201
10.201
10.157
10.179
4.00
53.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized)
(
)=
Outstanding

181

SIKMAPI01A
Trading Volume
(Rp Billion)

10

15.0

12.0

9.0

6.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 8.823

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Last
Date
High
Low

9.925
29-Dec
9.964
9.925
9.955
6.00
25.0%

Q1

Q2

9.943
25-Mar
9.943
9.880
9.926
7.00
29.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2-10

SIKMAPI01B
Trading Volume
(Rp Billion)

15

12.5

12

10.0

7.5

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 7.778

Q4

Q1

Q2

N/A 10.447 10.055


N/A 17-Dec 30-Mar
N/A 10.447 10.364
N/A 10.441 10.055
N/A 10.445 10.209
N/A
14.00
13.00
N/A 143.6% 133.3%

Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

MAPI01A

2.

MAPI01B

3.

SIKMAPI01A

4
4.

SIKMAPI01B

Low

High

10.145

10.145

(Billion Rp)

10.145

52

0.18

26.13%

Modified
Duration (Yrs)
End of Year
8.404

9.925

9.964

9.955

0.02

6.25%

8.823

10 441
10.441

10 447
10.447

10 445
10.445

14

0 05
0.05

35 90%
35.90%

7 778
7.778

72

0.25

TOTAL

182

% of Total

Turnover
Ratio
(%)

TRADING VOLUME

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
MAPI01A

Q2-2009

Q4-2009

Outstanding

52

Outstanding

199

MAPI01B

Outstanding

30

SIKMAPI01A

-6

Outstanding

96

SIKMAPI01B

14

Outstanding

39
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

Q3-2009

S T O C K

E X C H A N G E

100

150

200

183

MAYA BANK MAYAPADA INTERNASIONAL TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

Baa1.id
Bank
www.bankmayapada.com
Bambang Raharjo
Bank Mega Tbk.

PROFILE
PT Bank Mayapada International began operating as comercial bank
in 1990, under the notary act Misahardi Wilamarta No. 196/September
1989. bank mayapada legally stated by law ministry no. C2-25 HT.01.01.
TH90 on Januari 1oth, 1990
Mayapada Bank received the permition as devisa bank in 1993 by
Indonesian Central Bank Statement No. 26/26/Kep/Dir, June 3th, 1993.
In accordance with Article 3 of the Association of Bank Mayapada,, scope
of business activities of the Bank is doing business in the banking sector
based on the laws and regulations.
Strongly public support to integrirty and Mayapada Bank resources
strenghten the managements need to enhance kind of services to the
Branco Offices in Java and Bali. This rapid developement reflected the
dynamic and health of indonesians economic conditions.
As of March 31, 2010, Bank Mayapada International Tbk. has 1
operational head office (including the head office), 21 branch offices, 97
supporting offices, 18 cash offices and 1 Payment Point.

ADDRESS
Mayapada Tower 1st Fl.
Jln. Jend. Sudirman Kav. 28, Jakarta 12920
Phone : (021) 521-2288, 521-2300
Fax : (021) 521-1985, 521-1995
FINANCIAL HIGHLIGHT

BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
47,587
229,088
493,524
3,900,182
260,517
118,914
5,512,694
3,980,050
14,431
17,105
4,562,349
650,000
,
412,956
2,577
500 & 100
105,042
950,345

INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income

630,884
330,096
9,306
250,097
59,997
155
60,151
19,186
40,965

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

184

Million Rp except Par Value

4.80
0.74
6.49
9.51

Dec-2009
45,519
270,464
1,403,770
4,961,856
247,229
129,888
7,629,928
6,053,960
15,426
23,406
6,636,407
650,000
,
412,956
2,577
500 & 100
126,681
993,521

Change %
-4.35
18.06
184.44
27.22
N/A
-5.10
9.23
38.41
52.11
6.89
N/A
36.83
45.46
N/A
20.60
4.54

918,893
45.65
529,088
60.28
14,907
60.18
38.76
347,046
-3.88
57,666
2,031 1,212.31
59,697
-0.76
18,598
-3.07
N/A
41,099
0.33
6.68
0.54
4.47
6.28

39.14
-27.51
-31.12
-34.01

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

2.

Outstanding
(Rp Million)

Series Name

MAYA02B

II Tahun 2007 Seri B

MAYA02C

Subordinasi II Tahun
2007

300,000

150,000

Listing
Date

30-May-07

30-May-07

Maturity
Date

29-May-12

29-May-17

Issue
Term

Rating

Fixed 12%

29-Aug-10
29-Nov-10
01-Mar-11
01-Jun-11

Fitch :
A-(idn)

Year 1-5: 12.5%;


Year 5-6: 21.5%

29-Aug-10
29-Nov-10
01-Mar-11
01-Jun-11

Fitch :
BBB+
(idn)

5 Years

10 Years

Coupon
Payment
Date

Coupon
Structure

TRADING HIGHLIGHT
MAYA02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.0

10.0

16.0

8.0

12.0

6.0

8.0

4.0

4.0

2.0

Q3-09

Q3-09

Q4-09

Q1-10

Q1

Q2

8.807
31-Mar
9.353
8.807
8.938
WA1
4.00
Volume2
3
5.3%
Turnover
Modified Duration (Yrs): 8.535

2010
Q3

Last
Date
g
High
Low

Q4
-

Q1

8.800
30-Dec
8.888
8.768
8.790
16.78
22.4%

Q2

8.787
30-Mar
8.975
8.787
8.862
16.99
22.7%

8.793
15-Apr
9.181
8.787
8.837
15.00
20.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

MAYA02C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100.0

10.0

80.0

8.0

60.0

6.0

40.0

4.0

20.0

2.0

Q3-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

Q4

9.046
9.046
9.046
14-Jan 07-Jul 07-Jul
9.046
9.046
9.046
9.046
9.046
9.046
9.046
9.046
9.046
WA1
0.60
51.40
51.40
Volume2
1.6% 137.1% 137.1%
Turnover3
Modified Duration (Yrs): 8.055

Q1
-

Last
Date
g
High
Low

Q2

9.046
25-Mar
9.046
9.046
9.046
87.40
233.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

No.

Code

% of Total

Turnover
Ratio
(%)

1.

MAYA02B

8.768

9.401

8.790

27

0.09

8.93%

8.535

2.

MAYA02C

9.046

9.046

9.046

52

0.18

34.67%

8.055

79

0.28

Executed Yield (%)


Low

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

High

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

185

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
MAYA02B

Q2-2009

Q4-2009

Outstanding

4 6 - 17

Outstanding

300

MAYA02C 1-

51

Outstanding

150
-

186

Q3-2009

30

60

90

120

150

180

210

240

270

300

330

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

187

MEDC MEDCO ENERGI INTERNASIONAL TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
The Energy Building 52nd Fl., SCBD Lot 11 A
Jln. Jend. Sudirman, Jakarta 12190
Phone : (021) 2995-3000
Fax : (021) 2995-3001

idAACrude Petroleum & Natural Gas Production


www.medcoenergi.com
Cisca Alimin
Bank Niaga Tbk.

PROFILE
PT Medco Energi Internasional Tbk. (the Company) was established
within the framework of the Domestic Capital Investment Law No. 6/1968
as amended by Law No. 12/1970, based on notarial deed No. 19 of Imas
Fatimah, S.H., dated June 9, 1980.
Effective April 2009, the Company moved its head office to The Energy
Building, 52th floor, SCBD, Lot 11A, Jln. Jendral Sudirman Jakarta
12190.
In accordance with Article 3 of the Companys Articles of Association,
the scope of its activities comprises among others, exploration for and
production of oil and natural gas, and other energy activities, onshore
and offshore drilling, and investing (direct and indirect) insubsidiaries.
The Company has ownership in subsidiaries : PT Medco E&P Tarakan,
PT Medco E&P Kalimantan, PT Medco E&P Indonesia, PT Medco E&P
Tomori Sulawesi, PT Medco E&P Sembakung, Medco Far East Limited,
Medco Simenggaris Pty.,Ltd, PT Medco E & P Simenggaris, PT Medco
E&P Bengara Indonesia, PT Medco E&P Lematang, Medco Energi
Global Pte. Ltd., PT Medco CBM Sekayu, Medco Kakap Holding Pte.
Ltd., PT Medco E&P Malaka, PT Medco E&P Rimau Indonesia, PT
Medco E&P Nunukan, Medco Bawean (Holdings) Pte. Ltd, PT Exspan
Petrogas Intranusa, PT Medco Downstream Indonesia, PT Medco Niaga
Internasional, Medco Power Indonesia, MEI Euro Finance Limited,
Medco CB Finance B.V., Medco Strait Services Pte. Ltd.

FINANCIAL HIGHLIGHT

BALANCE SHEETS

Million Rp except Par Value

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

3,816,620 2,386,794
3,132,095 2,556,228
350,305
377,071
9,447,666 7,463,601
1,723,710 2,225,445
388,954
363,731
21,683,449 19,248,125
4,246,172 4,802,935
9,275,324 7,580,955
13,522,139 12,384,223
133,286
178,126
400,000
400,000
333,245
333,245
3,332
3,332
100
100
5,785,986 4,749,540
8,028,024 6,685,776

-37.46
-18.39
7.64
-21.00
29.11
-6.48
-11.23
13.11
-18.27
-8.42
33.64
-17.91
-16.72

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

14,085,289
8,499,697
5,585,592
1,793,771
1 793 771
3,791,821
1,680,345
5,472,166
2,306,950
-96,981
3,068,235

6,299,370
4,138,116
2,161,255
11,480,228
480 228
681,027
-204,186
476,842
265,703
-29,723
181,415

-55.28
-51.31
-61.31
-17.48
17 48
-82.04
N/A
-91.29
-88.48
69.35
-94.09

1.68
14.15
21.78
26.92

1.85
0.94
2.88
10.81

9.97
-93.34
-86.78
-59.84

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

188

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

MEDC02A

1.

MEDC02B

2.

Outstanding
(Rp Million)

II Tahun 2009 Seri A

Listing
Date

513,500

II Tahun 2009 seri B

18-Jun-09

986,500

18-Jun-09

Maturity
Date

17-Jun-12

17-Jun-14

Issue
Term

3 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 13.375%

17-Sep-10
17-Dec-10
17-Mar-11
17-Jun-11

idAAstable

Fixed 14.25%

17-Sep-10
17-Dec-10
17-Mar-11
17-Jun-11

idAAstable

TRADING HIGHLIGHT
MEDC02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

500

12.5

400

10.0

300

7.5

200

5.0

100

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

2010
Q3

Q4

N/A 10.845 10.510


N/A 30-Jun 07-Sep
N/A 10.902 10.886
N/A 10.772 10.452
N/A 10.871 10.763
WA1
2
N/A
117.00 142.00
Volume
3
N/A
91.1% 110.6%
Turnover
Modified Duration (Yrs): 8.002
Last
Date
g
High
Low

Q1

Q2

10.731 10.355 10.351


23-Dec 31-Mar 23-Jun
10.782 10.785 10.906
10.396 10.322 10.351
10.679 10.536 10.524
66.35 407.50 179.05
51.7% 317.4% 139.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

MEDC02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

N/A 11.268
N/A 30-Jun
N/A 11.435
N/A 11.268
N/A 11.344
WA1
N/A 102.00
Volume2
N/A 41.4%
Turnover3
Modified Duration (Yrs): 7.610
Last
Date
g
High
Low

2010
Q3

Q4

Q1

Q2

10.987 11.296 10.774


30-Sep 21-Dec 31-Mar
11.393 11.296 11.288
10.935 10.741 10.561
11.172 10.888 10.767
197.00 264.00 265.00
79.9% 107.0% 107.5%

10.572
24-Jun
11.435
10.536
10.789
34.50
14.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009

No.

Code

Low

High

% of Total

Turnover
Ratio
(%)

1.

MEDC02A

10.396

10.902

10.679

325

1.15

63.36%

8.002

2.

MEDC02B

10.741

11.435

10.888

563

1.98

57.07%

7.610

888

3.13

Executed Yield (%)

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

189

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
MEDC02A

117

Q2-2009

142

Outstanding

Q3-2009

Outstanding

66
514

MEDC02B

102

197

264

Outstanding

987
-

190

Q4-2009

100

200

300

400

500

600

700

800

900

1,000

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

191

MEGA BANK MEGA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Bank Mega
Jln. Kapten Tendean Kav. 12 - 14A, Jakarta 12970
Phone : (021) 7917-5000
Fax : (021) 7917-5015, 7918-7100

A(idn)
Bank
www.bankmega.com
Gatot Aris Munandar
Bank Rakyat Indonesia (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
Bank Mega is originally named Bank Karman which formed in 1969 and
located in Surabaya; in 1996 it was acquired by the Para Group and
changed the logo to further improve the image and establishing the bank
in the public mind as a trusted financial institution. In 2000 to improve
the capital structure, Bank Mega undertook an Initial Public Offering by
offering its shares to the public.
Bank Mega has received a license from Bank Indonesia as a Foreign
Exchange Bank, enabling a widening of its business operations. Bank
Mega, with its slogan Mega Tujuan Anda (Mega is Your Destination),
has rapidly and consistently grown as well as transformed itself into a
major financial institution that ranks among the leading banks in the Asia
Pacific region.
In its efforts to realize a level of performance in line with the significance
of its name, Bank Mega relies on professionalism, transparency and
prudential standards in terms of its strong capital structure and up-todate banking products and facilities. Through its vision of Pride of the
Nation Bank Mega has formulated various corporate strategies that
allow rapid growth and development.
Going forward, the Bank will continue to improve its products and service
quality so as to remain competitive and at par with the leading banks
in Asia Pacific. Bank Megas products and services include Personal,
which consists of savings, lending, credit cards, e-banking and special
services; Corporate, which comprises corporate savings, corporate
lending, special financing and corporate services; treasury, which
includes bank notes, currency swaps and general foreign exchange;
trade Finance, which consists of money transfer, letters of credit,
bank guarantees and standby letters of credit, and Private Banking.
Headquartered in Jakarta, Indonesia, as of March 2010 Bank Megas
network has reached 108 branch and 153 sub branch, which spread out
in most major city in Indonesia.

Million Rp except Par Value

BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
803,271
2,445,048
8,176,240
18,749,051
1,063,626
1,100,115
34,860,872
29,680,216
60,166
121,122
261,545
31,990,507
3,200,000
, ,
812,722
1,625.44
500
1,252,436
2,870,365

INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income

3,699,937
2,112,213
280,695
1,039,381
673,437
1,404
674,841
173,160
501,681

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Dec-2009
837,233
1,572,120
13,706,058
18,352,062
1,321,268
1,084,221
39,684,622
34,355,192
31,931
117,798
36,281,380
3,200,000
, ,
1,590,612
3,181.22
500
1,789,896
3,403,242

Change %
4.23
-35.70
67.63
-2.12
N/A
24.22
-1.44
13.84
15.75
-46.93
-100.00
-54.96
13.41
N/A
95.71
95.71
42.91
18.6

3,737,455
1.01
2,179,095
3.17
678,253
141.63
1,275,033
22.67
622,384
-7.58
18,365 1,208.05
640,749
-5.05
103,289
-40.35
N/A
7.13
537,460

11.15
1.44
13.56
18.20

-4.35
-5.89
6.06
-8.51

10.66
1.35
14.38
16.65

AS OF JUNE 2010

No.

1.

192

Code

MEGA01

Series Name

Subordinasi Tahun 2007

Outstanding
(Rp Million)

1,000,000

Listing
Date

16-Jan-08

Maturity
Date

15-Jan-18

C
Coupon
Payment
Date

Issue
Term

Coupon
Structure

10 Years

Year 1-5: 11.5%;


Year 6-10: 21.5%

15-Jul-10
15-Oct-10
15-Jan-11
15-Apr-11

Rating
Fitch :
A(idn)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
MEGA01
Trading Volume
(Rp Billion)

500

10.0

400

8.0

300

6.0

200

4.0

100

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

9.336
9.138
02-Mar
02 Mar 24-Jun
24 J n
10.965
9.729
9.082
8.987
9.441
9.258
WA1
137.98
98.30
Volume2
55.2% 39.3%
Turnover3
Modified Duration (Yrs): 4.574
Last
D t
Date
High
Low

Q3

Q4

Q1

Q2

9.371
9.187
9.187
30-Mar
29-Sep
29 Sep 30-Dec
30 Dec 30
Mar
9.418
9.468
9.194
8.929
9.046
9.026
9.118
9.177
9.201
83.80 458.00 456.30
33.5% 183.2% 182.5%

9.111
30-Jun
30
J n
9.165
8.946
9.095
137.20
54.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

MEGA01

Low

High

8 929
8.929

10 965
10.965

% of Total

Turnover
Ratio
(%)

778

2 74
2.74

77 81%
77.81%

778

2.74

TRADING VOLUME
(Billion Rp)

9 201
9.201

TOTAL

Modified
Duration (Yrs)
End of Year
4 574
4.574

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
MEGA01

138

98

Q2-2009

Q3-2009

84

Q4-2009

Outstanding

458

Outstanding

1,000
-

100

200

300

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

400

500

600

700

800

900

1,000

1,100

193

MLSS MULIAGLASS*
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Wisma Mulia 53th Fl.
Jln. Jend. Gatot Subroto No. 42, Jakarta 12710
Phone : (021) 520-0959
Fax : (021) 520-0763

N.A
Ceramics, Glass, Porcelain
Nilakusuma Dewayani
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE

BALANCE SHEETS

PT Muliaglass (the Company) was established based on Notarial Deed


No. 46 dated Oktober 6th, 1989, amended by Deed No. 148 dated
January 29th,1990, both made by Arianny Lamoen Redjo, S.H., Notary
in Jakarta.
The head office is located at Wisma Mulia 53rd Fl., Jln. Gatot Subroto
No. 42 Kuningan Barat Mampang Prapatan, Jakarta Selatan while the
plant is located in Cikarang-Bekasi.
According to the companys Article of Association, the companys main
business is producing glass products, bottles, and glass blocks. The
company began commercial operation on May 1, 1993. Glass block
and safety glass products are also marketed overseas. On the contrary,
glass container products are predominantly sold in the domestic market,
catering to the consumer goods and pharmaceutical industries.
The company is one of subsidiary of Mulia Group.

Million Rp except Par Value

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
P
Par Value
V l
Retained Earnings
Total Equity

158,272
308,123
568,885
541,247
424,917
283,575
1,346,023 1,264,698
1,420,763 1,221,613
1,897
1,921
2 766 787 2,632,253
2,766,787
2 632 253
4,122,204 3,443,217
83,770
4,213,945 3,526,987
500,000
500,000
464,000
464,000
464
464
1 000
1,000
1,000
1 000
-1,965,158 -1,412,734
-1,447,158
-894,734

94.68
-4.86
-33.26
-6.04
-14.02
1.28
-4.86
4 86
-16.47
N/A
-16.30
N/A
28.11
38.17

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

1,951,340
1,532,234
419,106
260,567
158,539
-432,701
-274,163
56,448
-330,610

1,730,618
1,456,450
274,168
237,353
36,815
518,310
555,125
2,700
552,425

-11.31
-4.95
-34.58
-8.91
-76.78
N/A
N/A
-95.22
N/A
N/A

-2.91
-11.95
-16.94
8.12

-3.94
20.99
31.92
2.13

-35.37
N/A
N/A
-73.82

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.
N

Code
C d

Series
S i Name
N

Outstanding
(Rp
(R Million)
Milli )

Listing
Date
D

Maturity
Date
D

Issue
Term
T

Coupon
Payment
Date
D

Coupon
Structure
S

Rating
R i

31-Oct-10
1.

MLSS01ASBVTW

I Senior A Tahun 2000

17,382

21-Dec-00

31-Oct-07

7 Years

From 15% to 18% pa

N.A

31-Oct-10
2.

MLSS01BSBVTW

I Senior B Tahun 2000

10,800

21-Dec-00

31-Oct-07

7 Years

From 15% to 18% pa

N.A

* Restructuring

194

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
MLSS01ASBVTW
No Transaction in the Year of 2009 and Q1-Q2 2010
MLSS01BSBVTW
Trading Volume
(Rp Billion)

Executed
Yield (%)

TRADING MOVEMENT

25

2009
Q1

WA1
2
Volume
3
Turnover
Modified Duration (Yrs): .0
Last
Date
High
Low

20
15
10
5

Q2

2010
Q3

Q4
-

Q1
- 10.723
- 04-Feb
- 10.731
- 10.723
- 10.727
21.60
- 800.0%

Q2
-

Q1

Q2

Q3

Q4

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q1

Q2

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Trading Volume)
3
Turnover Ratio (Annualized) =
Out Standing end of period

195

MPPA MATAHARI PUTRA PRIMA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

idA+
Retail Trade
www.matahari.co.id
Lina Latif
Bank Mega Tbk.

PROFILE
PT Matahari Putra Prima Tbk (Company) was established in the
Republic of Indonesia on March 11, 1986 based on notarial deed by
Budiarti Karnadi, SH No. 30 dated March 11, 1986.
The Company and its Subsidiaries conducting (i) a department store
network that offers a variety of goods such as clothing, jewelry, bags,
shoes, cosmetics, electronic equipment, toys, stationery, books,
medicines and daily needs, and (ii ) family entertainment center, known
as Time Zone.
The Company is domiciled at Menara Matahari Lantai 20, Jalan Boulevard
Palem Raya No. 7, Lippo Karawaci - Tangerang, Jawa Barat.
As of March 31, 2010, the Company and PT Matahari Super Economi
(Subsidiary) operates stores in 101 locations, while PT Matahari Graha
Fantasi (Subsidiary) operates 69 permanent stores and 43 outlets of
non-permanent family entertainment centers, PT Times Prima Indonesia
(subsidiary) operates 16 outlets, PT Prima Gerbang Persada operates 1
shopping center and PT Prima Cipta Lestari operates 9 restaurants. All
stores, family entertainment center, shopping center and restaurant are
located in Jakarta and other big cities in Indonesia.
The Company has direct ownership in subsidiaries; PT Matahari
Department Store Tbk, PT Matahari Super Ekonomi, Matahari
International Finance Company B.V., PT Nadya Putra Investama, PT
Taraprima Reksabuana, PT Matahari Kafe, Nusantara, Matahari Finance
B.V., PT Times Prima Indonesia, PT Prima Cipta Lestari, Matahari
International B.V., PT Matahari Mega Swalayan, PT Matahari Mega
Toserba, PT Matahari Boston Drugstore, Prime Connection Limited,
Brighter Limited, PT Matahari Pacific and PT Matahari Graha Fantasi.

ADDRESS
Menara Matahari 15th Fl., Jln. Bulevar Palem Raya 7
Lippo Karawaci 1200 - Tangerang 15811
Phone : (021) 546-9333
Fax : (021) 547-5229
FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

1,741,844 2,252,173
1,030,619
167,928
983,560 1,171,805
5,079,299 5,066,239
1,903,411 2,178,493
295,087
286,654
9,741,369 10,560,144
4,525,766 3,144,994
2,052,371 3,854,123
6,578,137 6,999,117
55,631
93,929
5,400,000 5,400,000
2,355,961 2,360,537
4,712
4,721
500
500
1,033,042 1,333,077
3,107,601 3,467,098

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

Dec-2009

Change %
29.30
-83.71
19.14
-0.26
14.45
-2.86
8.41
-30.51
87.79
6.40
68.84
0.19
0.19
29.04
11.57

11,977,370 10,280,457
-14.17
-24.05
8,853,215 6,724,380
3,124,155 3,556,077
13.83
16.15
22,627,435
627 435 33,051,804
051 804
16
15
496,720
504,273
1.52
-549,153
-131,634
76.03
-66,871
373,934
N/A
-74,138
77,412
N/A
-26.81
3,230
2,364
10,497
300,035 2,758.29

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

196

2.12
0.11
0.09
4.15

-4.63
2.02
2.84 2,536.68
2.92 3,230.09
4.91
18.28

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

MPPA03A

2.

3.

4.

Outstanding
(Rp Million)

III Tahun 2009 Seri A

MPPA03B

III Tahun 2009 Seri B

SIKMPPA01A

Sukuk Ijarah II Tahun


2009 Seri A

SIKMPPA01B

Sukuk Ijarah II Tahun


2009 Seri B

250,000

52,000

90,000

136,000

Listing
Date

15-Apr-09

15-Apr-09

15-Apr-09

15-Apr-09

Maturity
Date

14-Apr-12

14-Apr-14

14-Apr-12

14-Apr-14

Issue
Term

Fixed 16%

idA+
stable

Fixed 17%

14-Jul-10
14-Oct-10
14-Jan-11
14-Apr-11

idA+
stable

Ijarah Fee Rp160 million


per Rp1 billion

14-Jul-10
14-Oct-10
14-Jan-11
14-Apr-11

idA+(sy)
stable

Ijarah Fee Rp170 million


per Rp1 billion

14-Jul-10
14-Oct-10
14-Jan-11
14-Apr-11

idA+(sy)
stable

5 Years

5 Years

Rating

14-Jul-10
14-Oct-10
14-Jan-11
14-Apr-11

3 Years

3 Years

Coupon
Payment
Date

Coupon
Structure

TRADING HIGHLIGHT
MPPA03A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

350

12.5

280

10.0

210

7.5

140

5.0

70

2.5

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

N/A 11.169
N/A 10-Jun
N/A 11.355
N/A 11.139
1
N/A 11.278
WA
N/A 210.00
Volume2
N/A 336.0%
Turnover3
Modified Duration (Yrs): 4.946

Q4

Q1

Q2

- 11.161 11.308
- 17-Dec 29-Mar
- 11.301 11.472
- 11.094 11.185
- 11.211 11.259
75.00 330.00
- 120.0% 528.0%

Last
Date
g
High
Low

11.103
03-Jun
11.105
11.103
11.104
18.00
28.8%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

MPPA03B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20

12.5

16

10.0

12

7.5

5.0

2.5

Executed
Yield (%)

2009
Q1

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

Q2

2010
Q3

Q4
-

Q1
- 11.372
- 12-Feb
- 11.478
- 11.372
- 11.410
15.00
- 115.4%

Q2
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

197

SIKMPPA01A
Trading Volume
(Rp Billion)

60

15.0

48

12.0

36

9.0

24

6.0

12

3.0

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 7.458

Q3
-

Last
Date
High
Low

Q1

Q4
- 11.178
- 09-Nov
- 11.437
- 11.178
- 11.326
51.00
- 226.7%

Q2

11.349
12-Jan
11.575
11.145
11.305
16.00
71.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

SIKMPPA01B
Trading Volume
(Rp Billion)

12.5

10.0

10.0

8.0

7.5

6.0

5.0

4.0

2.5

2.0

0.0

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0

2010
Q3

Last
Date
High
Low

Q4
-

Q1
-

Q2

8.702
11-Mar
8.717
8.702
8.710
10.00
29.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

MPPA03A

Low

High

11.094

11.355

11.211

% of Total

Turnover
Ratio
(%)

1.00

114.00%

TRADING VOLUME
(Billion Rp)
285

Modified
Duration (Yrs)
End of Year
4.946

2.

MPPA03B

3.

SIKMPPA01A

11.178

11.437

11.326

51

0.18

56.67%

7.458

4.

SIKMPPA01B

336

1.18

TOTAL

198

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
MPPA03A

Q2-2009

Q3-2009

Outstanding

210

Outstanding

75

250

MPPA03B

Outstanding

52

SIKMPPA01A

Outstanding

51
90

SIKMPPA01B

Outstanding

136
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

Q4-2009

S T O C K

E X C H A N G E

100

150

200

250

300

199

MTDL METRODATA ELECTRONIC TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Wisma Metropolitan I, 16th Fl.
Jln. Jend. Sudirman Kav. 29 - 31, Jakarta - 12920
Phone : (021) 570-5996
Fax : (021) 570-5988

A3.id
Computer And Services
www.metrodata.co.id
Susanto Djaja
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Metrodata Electronics Tbk (formerly PT Sarana Hitech Systems)
(company) established in Indonesia, based on Notarial Deed by Kartini
Mulyadi, SH, No. 142 dated February 17, 1983.
The Company is domiciled in Jakarta and the head office located in
Wisma Metropolitan I, Jalan Jenderal Sudirman Kav. 29-31, Jakarta. The
Company and its subsidiaries have branch offices located in Bandung,
Yogyakarta, Surabaya and Medan.
In accordance with Article 3 of Companys association, the scope
of company activities include the sale of various types of computer
products and other high technology related to computers and other
related services. The Company started commercial activities in 1983.
In 2008, the Company was the acquisition of Soltius Asia Pte Ltd, which
is an established SAP consulting firm. Soltius Asia Pte Ltd was the owner
of PT Soltius Indonesia, which is now one of the Companys subsidiaries.
The acquisition was a very important move because it opened the door
for the Company to compete against other SAP partners in the enterprise
segment.
The Company was purchased part of the shares of PT Xerindo
Teknologi, a company with expertise in radio planning, installation,
testing/commissioning, maintenance, etc.
In 2009, the Company was received Ranking 1 Sektor Elektronika
and 2008 received award as The Best Listed Company 2008 - Emiten
Dengan Kinerja Terbaik Sektor Elektronika given by Investor Magazine
and Globe Media Group.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

218,593
460,160
230,526
988,662
70,304
24,475
1,288,796
740,209
128,826
869,036
102,609
132,500
102,096
2,042
50
169,784
317,151

159,280
366,214
158,883
775,024
64,601
18,600
1,059,054
519,016
134,759
653,776
85,017
400,000
102,096
2,042
50
177,806
320,261

-27.13
-20.42
-31.08
-21.61
-8.11
-24.00
-17.83
-29.88
4.61
-24.77
-17.14
201.89
4.73
0.98

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

3,422,200
2,964,915
457,284
202,694
202
694
254,591
-118,280
132,193
50,119
-52,118
29,956

3,396,917
3,013,537
383,380
255,362
255
362
128,018
-40,970
89,793
31,998
-47,731
10,065

-0.74
1.64
-16.16
25 98
25.98
-49.72
65.36
-32.07
-36.16
8.42
-66.40

2.74
2.32
0.88
7.44

2.04
0.95
0.30
3.77

-25.50
-59.11
-66.15
-49.34

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

200

Code

Series Name

SIKMTDL01

Sukuk Ijarah I Tahun


2008

Outstanding
(Rp Million)

90,000

Listing
Date

07-Jul-08

Maturity
Date

04-Jul-13

Coupon
p
Payment
Date

Issue
Term

Coupon
Structure

5 Years

Rp141.25 million per 1


billion unit

Rating

04-Jul-10
04-Oct-10 Moody's:
A3.id
04-Jan-11
04-Apr-11

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SIKMTDL01
Trading Volume
(Rp Billion)

50.00

15.0

40.00

12.0

30.00

9.0

20.00

6.0

10.00

3.0

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

12.410 12.415
31-Mar 11-Jun
12.416 12.419
12.410 12.210
12.413 12.398
WA1
2.00
3.30
Volume2
8.9% 14.7%
Turnover3
Modified Duration (Yrs): 5.671
Last
Date
High
Low

2010
Q3

Q4

Q1

12.397 12.625
29-Sep 04-Dec
12.397 13.184
12.267 12.488
12.387 12.737
2.70
37.70
12.0% 167.6%

Q2

12.502
12-Feb
12.797
12.502
12.666
15.00
66.7%

12.026
15-Jun
12.026
12.026
12.026
1.00
4.4%

2
W
Weighted
i h d Average;
A
T
Trading
di V
Volume
l
in
i Billion
Billi R
Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No
No.

Code

1.

SIKMTDL01

Low

High

12.210

13.184

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

46

0.16

50.78%

46

0.16

TRADING VOLUME
(Billion Rp)

12.737

TOTAL

Modified
Duration (Yrs)
End of Year
5.671

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
SIKMTDL01

2 3

Q2-2009

Q3-2009

Q4-2009

Outstanding

38

Outstanding

90
-

10

20

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

30

40

50

60

70

80

90

100

201

MYOR MAYORA INDAH TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jln. Tomang Raya No. 21 - 23
Jakarta
Phone : (021) 565-5311, 565-5314
Fax : (021) 565-5323

idA+
Food And Beverages
Andi Laurus
Bank Mandiri (Persero) Tbk.
FINANCIAL HIGHLIGHT

PROFILE
PT. Mayora Indah Tbk. was established in 1977, became a public
company in 1990.
As of today, PT Mayora Indah Tbk has 6 (six) divisions which manufacture
various yet integrated products consisting of:
DIVISION
Biscuit
Candy
Wafer
Chocolate
Coffee

Health Food

TRADE MARK
Roma, Danisa, Better, Slai O Lai.
Kopiko, Kopiko Milko, Kis, Tamarin.
Beng Beng, Astor, Roma Wafer Coklat,
Roma Zuperrr Keju
Choki-choki.
Torabika Duo, Torabika Duo Susu, Torabika Moka,
Torabika 3 in One, Torabika Cappuccino,
Kopiko Brown Coffee.
Energen Cereal, Energen Oatmilk.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

316,331
751,626
534,329
1,684,853
1,030,725
2,922,998
769,800
876,522
1,646,934
30,955
1,500,000
383,292
767
500
802,253
1,245,109

351,583
880,906
458,603
1,750,424
1,282,771
3,246,499
764,230
858,739
1,623,443
41,300
1,500,000
383,292
767
500
1,136,082
1,581,755

11.14
17.20
-14.17
3.89
24.45
N/A
11.07
-0.72
-2.03
-1.43
33.42
41.61
27.04

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
Operating
O
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

3,907,674
3,153,751
753,923
408 503
408,503
345,420
-71,351
274,070
72,481
-5,359
196,230

4,777,175
3,643,390
1,133,786
520
598
520,598
613,187
-109,254
503,934
121,431
-10,345
372,158

22.25
15.53
50.38
27.44
27
44
77.52
-53.12
83.87
67.54
-93.05
89.65

1.32
6.71
5.02
8.84

1.03
11.46
7.79
12.84

-22.41
70.76
55.13
45.21

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.
1.

2
2.

202

Code

Series Name

MYOR03

III Tahun 2008

SMKMYOR01

Sukuk Mudharabah I
Tahun 2008

Outstanding
(Rp Million)
100,000

200
000
200,000

Listing
Date
06-Jun-08

06 Jun 08
06-Jun-08

Maturity
Date
05-Jun-13

05-Jun-13
05 Jun 13

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

05-Sep-10
05-Dec-10
05-Mar-11
05-Jun-11

13.75%

5 Years

55% from revenue that


has been distributed

Rating
idA+
stable

05-Sep-10
idA+ (sy)
05
Dec 10 idA
05-Dec-10
05-Mar-11 stable
05-Jun-11

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
MYOR03
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12

12.0

10

10.0

8.0

6.0

4.0

2.0

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

2009

Executed
Yield (%)

Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 8.064

2010
Q3

Last
D t
Date
High
Low

Q4
-

9.493
09-Dec
09 Dec
9.493
9.441
9.481
1.55
6.2%

Q1

Q2

9.684
25
25-Mar
Mar
9.883
9.441
9.720
9.45
37.8%

9.958
21
21-Jun
J n
9.958
9.942
9.952
10.70
42.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2
Q2-10
10

SMKMYOR01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

40

10.0

32

8.0

24

6.0

16

4.0

2.0

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

2009

Executed
Yield (%)

Q1

Q2

9.050
9.213
31-Mar
31
Mar 10-Jun
10 Jun
9.130
9.216
9.050
9.213
1
9.090
9.215
WA
0.60
0.30
Volume2
1.2%
0.6%
Turnover3
Modified Duration (Yrs): 8.491
Last
D t
Date
High
Low

2010
Q3

Q4
9.076
29-Dec
29
Dec
9.942
9.028
9.665
14.65
29.3%

9.086
24-Sep
24
Sep
9.704
9.012
9.358
21.20
42.4%

Q1

Q2

9.168
08-Mar
08
Mar
9.595
9.068
9.411
7.60
15.2%

9.575
28-Jun
28
Jun
9.590
9.159
9.349
34.00
68.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1
1.

MYOR03

9 441
9.441

9 493
9.493

9 481
9.481

0 01
0.01

1 55%
1.55%

8 064
8.064

2.

SMKMYOR01

9.012

9.942

9.665

37

0.13

18.38%

8.491

38

0.13

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
MYOR03

Q2-2009

Q3-2009

Q4-2009

Outstanding

Outstanding

100

SMKMYOR01

21

15

Outstanding

200
-

20

40

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

60

80

100

120

140

160

180

200

220

203

NISP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK OCBC NISP TBK


:
:
:
:
:

ADDRESS
Bank NISP Tower
Jln. Prof. Dr. Satrio Kav. 25, Jakarta 12940
Phone : (021) 2553-3888
Fax : (021) 774 268; 639 0248

idA+
Bank
www.banknisp.com
Uliya Ariani
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bank OCBC NISP Tbk. (the Bank) is the fourth oldest bank in
Indonesia, was established in Bandung at 1941 based on deed No. 6
dated 4 April 1941 of Notary Theodoor Johan Indewey Gerlings, under
the name NV Nederlandsch Indische Spaar En Deposito Bank.
The Bank slowly but surely evolved into a solid and reliable bank, catering
mainly to the Small and Medium Enterprise (SME) segment. It became
a commercial bank in 1967, a licensed foreign exchange bank in 1990,
and a publicly listed bank on Indonesia Stock Exchange in 1994.
In the late nineties, the Bank successfully weathered the Asian .financial
crisis and subsequent collapse of the banking sector in Indonesia,
without Government recapitalization bonds. In fact, Bank OCBC NISP
became one of the few banks in the country to resume large-scale
lending immediately following the crisis.
The initiative paved the way for the Banks unprecedented rise in the new
millennium. Total assets tripled between 2001 and 2005, and continued
to grow robustly.
OCBC Bank-Singapore had become the controlling shareholder of
the Bank by owning 74.73% shares of the Bank through a series of
acquisition since 2004.
With the support from OCBC Bank-Singapore, the Bank embarked on an
ambitious expansionary program to position itself as a National Bank.
In 2007, Bank NISP continues to put significant investments in
infrastructure, including human resources, information technology and
branch network.
Based on the Decision letter of Deputy Governor of Bank Indonesia No.
11/11/Kep.DpG/2009 dated 8 September 2009 regarding approval in
conducting sharia bussiness unit, Bank OCBC NISP started its banking
activities based on the sharia principles on 12 October 2009.
The Banks head office is located in Jl. Prof. Dr. Satrio Kav. 25
(Casablanca), Jakarta. As at 31 March 2010 and 2009, the Bank has
45 branch offices, 266 subbranch offices, 20 functional offices, 32 cash
offices and 1 sub-branch charia offices in Indonesia:
The Bank had an associates with PT NISP Sekuritas.

Million Rp except Par Value

BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
829,789
59,532
6,310,322
20,401,154
70,933
777,518
835,408
34,245,838
27,239,749
131,695
881,168
617,668
30,615,168
1,200,000
, ,
726,822
5,814.57
125
1,758,986
3,630,670

INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income

2,785,731
1,385,114
470,869
1,419,394
452,092
2,136
454,228
137,306
316,922

3,367,537
1,641,134
496,955
1,614,364
608,994
3,161
612,155
176,290
435,865

20.89
18.48
5.54
13.74
34.71
47.99
34.77
28.39
N/A
37.53

8.43
0.93
11.38
16.23

7.96
1.18
12.94
18.08

-5.65
27.11
13.77
11.43

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Dec-2009
Change %
754,967
-9.02
2,925,640 4,814.40
8,410,060
33.27
21,283,245
4.32
48,161
-32.10
804,333
3.45
818,603
-2.01
37,052,596
8.20
30,216,044
10.93
95,030
-27.84
-99.48
4,584
707,460
14.54
32,915,296
7.51
N/A
1,200,000
, ,
726,822
5,814.57
125
2,194,751
24.77
4,137,300
14.0

AS OF JUNE 2010

No.

1.

204

Code

Series Name

NISP02

Subordinasi II Tahun
2008

Outstanding
(Rp Million)

600,000

Listing
Date

12-Mar-08

Maturity
Date

11-Mar-18

C
Coupon
Payment
Date

Issue
Term

Coupon
Structure

10 Years

Year 1-5 : Fixed 11.1%


Year 6-10 : Fixed 19.1%

11-Sep-10
11-Dec-10
11-Mar-11
11-Jun-11

Rating
idA+
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
NISP02
Trading Volume
(Rp Billion)

120

10.0

96

8.0

72

6.0

48

4.0

24

2.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

2010
Q3

Q2

9.607
8.973
10
Mar 12
J n
10-Mar
12-Jun
10.334 10.167
8.973
8.908
9.765
9.793
WA1
35.35 116.85
Volume2
23.6% 77.9%
Turnover3
Modified Duration (Yrs): 2.152

Q4

8.973
16
Sep
16-Sep
9.678
8.973
9.379
31.08
20.7%

Last
D t
Date
High
Low

9.049
10
Dec
10-Dec
9.455
9.049
9.278
20.50
13.7%

Q1

Q2

9.210
12
Mar
12-Mar
9.423
8.973
9.242
38.50
25.7%

9.461
21
J n
21-Jun
9.461
8.782
8.930
89.69
59.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2
Q2-10
10

TRADING STATISTICS 2009

No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

1
1.

NISP02

8 908
8.908

10 334
10.334

9 278
9.278

Executed Yield (%)

% of Total

Turnover
Ratio
(%)

204

0 72
0.72

33 96%
33.96%

204

0.72

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year
2 152
2.152

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
NISP02

35

117

Q2-2009

Q3-2009

Q4-2009

Outstanding

31 21

Outstanding

600
-

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

300

400

500

600

700

205

OTMA OTO MULTIARTHA


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Summitmas II, 18th Fl.
Jln. Jend. Sudirman Kav. 61 - 62, Jakarta 12190
Phone : (021) 522-6410
Fax : (021) 522-6424

idAAFinancial Institution
www.oto.co.id
Saiful Ichlas
Bank Mandiri (Persero) Tbk.

PROFILE
PT OTO MULTIARTHA (OMA) is one of Indonesias leading
independent, non-captive, automotive financing companies. OMA was
incorporated in Jakarta as PT Manunggal Multi Finance on 28 March
1994. In September 1994 OMA changed the name into PT Oto Multiartha
as a reflection of its business focus in automotive financing.
In 1996, Sumitomo Corporation, Japan stepped in as new shareholder,
and to show their commitment, since September 1998 until now,
Sumitomo Corporation is the largest share holder OMA.
Sumitomo Corporation is an integrated Japanese trading company. As
the majority shareholder OMA, Sumitomo Corporation provides support
and control on every aspect of the business management, treasury,
financial to operational. With support from Sumitomo Corporation, in the
last five years OMA has successfully grown their business of automotive
financing and established network of offices troughout Indonesia.
OMA is always committed to give only the best service to their customers.
Up to end of 2009, OMA has operated 47 branch offices in major cities
and towns of Indonesia. In looking to provide a one-stop-service to the
customers, OMA developed a web site (www.oto.co.id) which has been
recognized as the first Automotive Portal in Indonesia.
Today OMA has been able to maintain its position as one of the leading
finance company in Indonesia car financing business.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

4,131,859
26,777

1,212,621
27,430

-70.65
2.44

8,209,421

8,382,363

2.11

107,917
63,311
9,866,763
6,874,751
97,707
7,872,849
500
500,000
396,599
397
1,000
1,217,295
1,994,014

60,640
77,765
9,832,339
4,464,180
28,242
7,551,223
1,500
1,500,000
396,599
397
1,000
1,681,691
2,281,116

N/A
-43.81
22.83
-0.35
-35.06
-71.10
-4.09
200.00
200.00
38.15
14.40

INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax

11,553,590
553 590
952,318
601,271

22,119,321
119 321
1,425,485
693,836

36.41
36
41
49.69
N/A
15.39

196,184
405,088

229,440
464,396

16.95
14.64

3.95
4.11
26.07
38.70

3.31
4.72
21.91
32.74

-16.16
15.04
-15.96
-15.41

Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

206

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

Series Name

OTMA06A

1.

OTMA06B

2.

OTMA06C

3.

Outstanding
(Rp Million)

VI Tahun 2009 Seri A

VI Tahun 2009 Seri B

VI Tahun 2009 Seri C

200,000

500,000

500,000

Listing
Date

14-Dec-09

14-Dec-09

14-Dec-09

Maturity
Date

16-Dec-10

11-Dec-11

11-Dec-12

Issue
Term

370 Days

2 Years

3 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 9.80% pa

16-Dec-10
16-Mar-11
16-Jun-11
16-Sep-11

idAA-

Fixed 11.25% pa

11-Dec-10
11-Mar-11
11-Jun-11
11-Sep-11

idAA-

Fixed 11.75% pa

11-Dec-10
11-Mar-11
11-Jun-11
11-Sep-11

idAA-

13-Sep-10
OTMA07A

4.

VII Tahun 2010 Seri A

300,000

09-Jun-10

13-Jun-11

370 Days

13-Dec-10

Fixed 7.90%

13-Mar-11

idAA-

13-Jun-11
08-Sep-10
OTMA07B

5.

VII Tahun 2010 Seri B

225,000

09-Jun-10

08-Jun-12

2 Years

08-Dec-10

Fixed 8.70%

08-Mar-11

idAA-

08-Jun-11
08-Sep-10
OTMA07C

6.

VII Tahun 2010 Seri C

575,000

09-Jun-10

08-Jun-13

3 Years

08-Dec-10

Fixed 10.05%

08-Mar-11

idAA-

08-Jun-11
08-Sep-10
OTMA07D

7
7.

VII Tahun 2010 Seri D

200 000
200,000

09-Jun-10

08-Jun-14

4 Years

08-Dec-10

Fixed 10.65%
10 65%

08-Mar-11

idAA-

08-Jun-11

TRADING HIGHLIGHT
OTMA06A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 10.182
Last
Date
High
Low

2010
Q3

Q4

8.388
N/A
N/A 17-Dec
N/A
8.388
N/A
8.388
N/A
8.388
N/A 251.00
N/A 502.0%

Q1

Q2

8.263
8.270
25-Mar 03-May
8.356
8.263
8.270
8.263
8.294
8.263
15.00
4.00
30.0%
8.0%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

207

OTMA06B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

750

12.5

600

10.0

450

7.5

300

5.0

150

2.5

Executed
Yield (%)

2009
Q2

Q1

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
2
N/A
N/A
Volume
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.431
Last
Date
High
Low

Q4

Q1

Q2

8.995
8.762
8.801
N/A
N/A 28-Dec 29-Mar 24-May
N/A
8.995
9.028
8.801
N/A
8.995
8.762
8.564
N/A
8.995
8.955
8.693
30.00
N/A 385.00 613.50
N/A 308.0% 490.8% 24.0%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

OTMA06C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25

12.5

20

10.0

15

7.5

10

5.0

2.5

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.049
Last
Date
High
Low

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
9.282
22-Dec
9.282
9.282
9.282
2.50
2.0%

Q1

Q2

9.282
08-Jan
9.282
9.282
9.282
1.50
1.2%

9.103
15-Jun
9.149
9.103
9.123
23.00
18.4%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

OTMA07A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
6.943
N/A 14-Jun
N/A
6.943
N/A
6.943
N/A
6.943
N/A 275.00
N/A 366.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

208

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

OTMA07B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

10.0

80

8.0

60

6.0

40

4.0

20

2.0

Executed
Yield (%)
Last
Date
High
o
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
7.322
N/A 07-Jun
N/A
7.325
N/A
7.322
N/A
7.324
N/A
80.00
N/A 142.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

OTMA07C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

500

12.5

400

10.0

300

7.5

200

5.0

100

2.5

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
8.173
N/A 24-Jun
N/A
8.173
N/A
8.173
N/A
8.173
N/A 410.00
N/A 285.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

OTMA07D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

5.0

10.0

4.0

8.0

3.0

6.0

2.0

4.0

1.0

2.0

Executed
Yield (%)
Last
Date
High
Low
WA1
Volume2
Turnover3

2009
Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q2
8.528
08-Jun
8.528
8.528
8.528
2.00
4.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding
1

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

209

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

OTMA06A

Low
8.388

High
8.388

% of Total

Turnover
Ratio
(%)

0.88

125.50%

10.182

TRADING VOLUME
(Billion Rp)

8.388

251

Modified
Duration (Yrs)
End of Year

2.

OTMA06B

8.995

8.995

8.995

385

1.36

77.00%

9.431

3.

OTMA06C

9.282

9.282

9.282

0.01

0.50%

9.049

639

2 25
2.25

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
OTMA06A

Outstanding

Q2-2009

Q4-2009

Outstanding

251
200

OTMA06B

385

Outstanding

500

OTMA06C

Outstanding

500
-

210

Q3-2009

100

200

300

400

500

600

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

211

PANS PANIN SEKURITAS TBK.


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

A1.id
Securities Company
www.pans.co.id
Prama Nugraha
Bank Mega Tbk.

PROFILE
PT Panin Sekuritas Tbk (the Company), formerly known as PT Panin
Sekuritasindo, was established based on Notarial Deed No. 369 dated
27 July 1989 juncto Notarial Deed No. 59 dated 4 September 1989, of
Benny Kristianto, SH, Notary in Jakarta. The deed of esthablishment
had been approved by the Minister of Justice and Human Rights of
the Republic of Indonesia by his Decree No. C2.8438.HT.01.01.TH.89
dated 7 September 1989 and was published in the State Gazette of the
Republic of Indonesia No. 90 dated 10 November 1989, Supplement
No. 2985/1989. The Company started its commercial operation on 14
September 1989.
In May 2000, the Company conducted the initial public offering of
80,000,000 common shares with par value of Rp 500 per share at
offering price of Rp 550 per share, and 24,000,000 Series I Warrants
(Warrant). The Company listed all of its shares and warrants at the
Jakarta Stock Exchange on 31 May 2000. These warrants were expired
on 2 June 2003.
In September 2003, the Company conducted the offering of Panin
Sekuritas Bond I Year 2003 with face value of Rp 100,000,000,000. This
bond was listed at the Surabaya Stock Exchange on 19 September 2003.
This Bond has been matured and fully settled on 18 September 2008.
In March 2005, the Company conducted the offering of Panin Sekuritas
Bonds II Year 2005 with face value of Rp 75,000,000,000, consisting of
2 series, Series A and B, each with face value of Rp 25,000,000,000
and Rp 50,000,000,000 respectively. Those bonds were listed at the
Surabaya Stock Exchange on 16 March 2005. Bonds II Series A had
been matured and been fully settled on 20 March 2006, while Series B
had been matured and fully settled on 15 March 2007.

ADDRESS
Indonesia Stock Exchane Building Tower II, 17th Fl. Suite 1705
Jln. Jend. Sudirman Kav. 52 - 53, Jakarta 12190
Phone : (021) 515-3055
Fax : (021) 515-3061
FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers

Fixed Assets
Other Assets
Total Assets
Payables to the Clearing
and Guarantee Ins.
Payables from Brokers
Payables from Customers
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

In June 2007, the Company conducted the offering of Panin Sekuritas


Bonds III Year 2007 with face value of Rp 200,000,000,000, maturing on
15 June 2012. The bonds was listed at the Surabaya Stock Exchange
on 18 June 2007.

INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

In accordance with the Companys Articles of Association, the Companys


scope of activities comprises of securities brokerage, underwriting
and investment management. The Company obtained its securities
brokerage and underwriting license from Bapepam-LK on 14 April 1992
and investment management license on 31 January 1997.

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Million Rp except Par Value

Dec-2008
313,637
3,693
180,793

Dec-2009

Change %

242,301
-22.74
44,000 1,091.53
-100.00
-

20,330
115,694
3,203
1,248
933,564
28,064

71,909
126,745
4,163
1,188
1,030,850
44,040

253.70
N/A
9.55
29.96
-4.80
10.42
56.93

351,896
628,942
948
160,000
90,000
720
125
209,088
303,673

255,028
594,009
1,801
160,000
90,000
720
100
340,454
435,040

N/A
-27.53
-5.55
89.93
-20.00
62.83
43.26

173,891
41,880
132,011
-84,464
47,547
11,265
195
36,477

222,258
55,154
167,104
-13,725
153,379
3,160
-853
149,367

27.81
31.69
26.58
83.75
222.58
-71.95
N/A
309.48

2.07
3.91
20.98
75.92

1.37
14.49
67.20
75.18

-34.07
270.83
220.37
-0.96

Securities Brokerage Business includes Stock and Fixed Income


Brokerage. The Company also provides margin trading facility for stock
trading at the Indonesia Stock Exchange. The Company has launched
internet stock trading system named Panin Sekuritas Online Stock
Trading or POST (www.post.co.id) that enables clients to buy or sell
order through website, no dealer required, automatically and real-time
that connected to remote trading and linked to the Indonesian Stock
Exchange. In Underwriting Business, the Company has been active
in underwriting for initial public offering of bonds and equities as well
as right issues. In Investment Management Business, the Company
offers an array of mutual fund products and provides discretionary fund
management service. Since 1997, the Company has been issuing more
than 20 mutual funds, comprising of fixed income funds, equity funds,
balance funds and USD funds.

212

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

Code

No.

Series Name

PANS03

1.

Outstanding
(Rp Million)

III Tahun 2007

Maturity
Date

Listing
Date

200,000

18-Jun-07

15-Jun-12

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

15-Mar-08
15-Jun-08
15-Sep-08
15-Dec-08

Fixed 11.75%

Fitch :
A-(idn)

TRADING HIGHLIGHT
PANS03
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.0

12.5

16.0

10.0

12.0

7.5

8.0

5.0

4.0

2.5

Q2-09

Q3-09

Q4-09

Q1-10

Q1

Q2

9.683
- 08-Jun
9.683
9.683
9.683
WA1
7.00
Volume2
14.0%
Turnover3
Modified Duration (Yrs): 8.943
Last
Date
High
Low

2010
Q3

Q4

9.728
28-Sep
9.731
9.679
9.705
39.00
78.0%

9.594
23-Dec
9.594
9.594
9.594
10.00
20.0%

Q1

Q2
-

9.594
04-Jan
9.594
9.594
9.594
10.00
20.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

2009

Executed
Yield (%)

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1.

PANS03

Low
9.594

High

Weighted Avg.
Executed
Yield (%)

9.731

9.594

TOTAL

% of Total

Turnover
Ratio
(%)

56

0.20

28.00%

56

0.20

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
8.943

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PANS03

-7

39

Q2-2009

Q3-2009

Q4-2009

10

Outstanding

200
-

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

Outstanding

E X C H A N G E

100

150

200

250

213

PIDL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PINDO DELI PULP AND PAPER MILLS


:
:
:
:
:

ADDRESS
Plaza BII Menara II, 7th Floor
Jln. MH. Thamrin Kav. 51, Jakarta - 10350
Phone : (021) 3929266-69
Fax : (021) 392-6179

idD
Pulp & Paper
Agustian Rachmansjah Partawijaya
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Pindo Deli Pulp And Paper Mills (the Company) a limited liability
company, was established in the Republic of Indonesia within the
framework of the Domestic Capital Investment Law No. 6 of 1968, as
amended by Law No. 12 of 1970.
Based on the letter of the Capital Investment Coordination Board
(BKPM) No. 41/V/1992 dated November 3, 1992, the Company
changed its status from a domestic investment company (PMDN) to
a foreign investment company (PMA). Furthermore, on February 28,
1997, the Company changed its status from a PMA back to a PMDN
company, for which the Company received BKPMs approval through its
letter No. 06/V/PMDN/1997.
The Company is engaged in the manufacture and sale of paper, carton
boxes and related products for local and export markets. The Company
is domiciled in Central Jakarta with its head office located at Plaza BII
Menara 2, 9th Floor, Jln. M.H. Thamrin No. 51 and its plant is located in
Karawang, West Java and Perawang, Riau. The Company started its
commercial operations in 1978.
The Company has direct ownership in subsidiaries: PT Lontar Papyrus
Pulp & Paper Industry, Pindo Deli Finance B.V., PT Karawang Ekawana
Nugraha, Excel International Limited and Pindo Deli Finance Mauritius
Limited.

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

176,240
1,507,388
3,164,364
5,681,024
23,441,497
26,695,136
32,376,161
9,395,768
16,367,162
25,762,930
877,796
8,000,000
2,131,785
4,264
500
-2,921
5,735,435

414,831
1,292,500
2,188,217
6,341,249
19,416,010
1,151,782
28,609,295
8,899,271
13,820,322
22,719,593
7,200
8,000,000
2,281,785
4,564
500
-2,198,782
5,882,501

135.38
-14.26
-30.85
11.62
-17.17
-95.69
-11.63
-5.28
-15.56
-11.81
-99.18
7.04
7.04
-75,186
2.56

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

14,410,397 11,935,584
11,754,507 9,667,938
2,655,890 2,267,647
1 493 909 11,100,157
1,493,909
100 157
1,161,981 1,167,489
-537,820
-673,989
624,161
493,500
162,684
273,465
-49,560
2,030
737,285
308,376

-17.17
-17.75
-14.62
-26.36
26 36
0.47
-25.32
-20.93
68.10
N/A
-58.17

3.86
1.08
2.58
9.78

-14.02
-52.67
-49.50
21.31

BALANCE SHEETS

Change %

FINANCIAL RATIOS
4.49
2.28
5.12
8.06

DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

2
2.

214

Code

PIDL02A

PIDL02B

Series Name

I Tahun 1997 Seri A

I Tahun 1997 Seri B

Outstanding
(Rp Million)

12,870

100 000
100,000

Listing
Date

25-Oct-04

25-Oct-04

Maturity
Date

01-Oct-14

01-Oct-17

Issue
Term

Coupon
p
Payment
Date

Coupon
Structure

10 Years

13 Years

Rating

SBI 3 Months + 2%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idD

SBI 3 Months + 2%

01-Jan-08
p
01-Apr-08
01-Jul-08
01-Oct-08

idD

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
PIDL02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15.00

15.0

12.00

12.0

9.00

9.0

6.00

6.0

3.00

3.0

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q1

Q2

9.544
11 Feb
11-Feb
9.544
9.544
9.544
WA1
4.73
Volume2
147.1%
Turnover3
Modified Duration (Yrs): 8.453

Q3
-

Last
D t
Date
High
Low

2010
Q4

9.368
24 A g
24-Aug
9.368
9.368
9.368
0.18
5.5%

Q1
-

Q2

10.738
24
Feb
24-Feb
10.738
10.738
10.738
14.35
445.9%

8.456
30
Apr
30-Apr
12.901
8.456
10.421
1.83
56.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2
Q2-10
10

PIDL02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

40.0

12.5

32.0

10.0

24.0

7.5

16.0

5.0

8.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q1

Q2

8.480
24-Feb
24
Feb
8.522
8.480
1
8.508
WA
3.00
Volume2
12.0%
Turnover3
Modified Duration (Yrs): 10.697
Last
D t
Date
High
Low

2010
Q4

Q3
-

Q1

Q2

9.286 10.738
04-Nov
04
Nov 24-Feb
24 Feb
9.286 10.738
9.286
9.286
9.286 10.691
36.05
3.00
12.0% 144.2%

9.368
24-Aug
24
Aug
9.368
9.368
9.368
0.50
2.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2-10
Q2 10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

1
1.

PIDL02A

9 368
9.368

9 544
9.544

9 368
9.368

2.

PIDL02B

8.480

9.368

9.286

% of Total

Turnover
Ratio
(%)

0 02
0.02

38 14%
38.14%

8 453
8.453

0.02

6.50%

10.697

11

0.04

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PIDL02A

Q2-2009

Q3-2009

Q4-2009

Outstanding

5 -

Outstanding

13

PIDL02B

3 -1 3

Outstanding

100
-

10

20

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

30

40

50

60

70

80

90

100

110

215

PJAA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PEMBANGUNAN JAYA ANCOL TBK.


:
:
:
:
:

ADDRESS
Cordova Building, Jln. Pasir Putih Raya 1 Blok E5,
Taman Impian Jaya Ancol, Jakarta 14430
Phone : (021) 645-3456, 645-4567
Fax : (021) 645-2986, 6471-0502

idA+
Restaurant, Hotel And Tourism
www.ancol.com
Fransiscus Xaverius Husni
Bank Permata Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Mandiri Tunas Finance (TUFI) was founded on May 17, 1989 under
the name of PT Tunas Financindo Corporation before it became PT
Tunas Financindo Sarana in 2000. The Company has business license
to operate in leasing, factoring and consumer financing. Currently,
the Company is engaged in consumer financing activities for cars,
motorcycles and fleet.
Previously, the Company is fully owned by PT Tunas Ridean Tbk but
since February 6, 2009 PT Bank Mandiri (Persero) Tbk has took over the
Company and the Companys shareholders became PT Bank Mandiri
(Persero) Tbk (51%) and PT Tunas Ridean Tbk (49%).
As of 31 December 2009, the Company was able to increase lending
volume from IDR 1.7 Trillion in 2008 to IDR 1.9 Trillion. Total revenue
in 2009 was IDR 392 Billion and Net Profit was IDR 60 Billion. The
Company has Total Assets of IDR 1.79 Trillion in 2009.
To support its operation, currently the Company has 33 branches in
strategic cities. Mostly of its branches are located in Jakarta, Java and
Sumatera. The Company has committed to become the best, the biggest
and trusted automotive financing company in Indonesia by 2014.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

308,202
232,684
9,848
601,177
401,072
19,209
1,331,292
189,787
257,283
447,070
744
1,440,000
400,000
1,600
500 & 250
453,015
883,478

433,020
207,379
11,414
671,660
418,928
61,457
1,529,437
340,837
220,457
561,294
790
1,440,000
400,000
1,600
500 & 250
530,644
967,354

40.50
-10.88
15.90
11.72
4.45
219.94
14.88
79.59
-14.31
25.55
6.18
17.14
9.49

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

854,372
472,900
381,472
185 759
185,759
195,713
-3,875
191,839
59,548
-58
132,233

898,322
523,142
375,179
188
954
188,954
186,225
4,710
190,935
53,480
-66
137,389

5.14
10.62
-1.65
1 72
1.72
-4.85
N/A
-0.47
-10.19
-14.79
3.90

0.51
9.93
15.48
22.91

0.58
8.98
15.29
20.73

14.66
-9.56
-1.18
-9.50

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

216

Code

PJAA01B

Series Name

I Tahun 2007 Seri B

Outstanding
(Rp Million)

120,000

Listing
Date

28-Jun-07

Maturity
Date

27-Jun-12

Issue
Term

5 years

Coupon
Structure

Fixed 10.4%

Coupon
Payment
Date
27-Sep-10
27-Dec-10
27-Mar-11
27-Jun-11

Rating
idA+
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
PJAA01B
Trading Volume
(Rp Billion)

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q1

Q2

9.858
9.860
29-Jan
09-Jun
29 Jan 09
J n
9.858
9.863
9.858
9.858
9.858
9.860
WA1
3.70
7.70
Volume2
12.3% 25.7%
Turnover3
Modified Duration (Yrs): 10.013
Last
D t
Date
High
Low

2010
Q3

Q4

10.209
14-Jul
14 J l
10.259
10.209
10.229
6.00
20.0%

Q1
-

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2-10
Q2 10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

PJAA01B

Low
9 858
9.858

High
10 259
10.259

% of Total

Turnover
Ratio
(%)

17

0 06
0.06

14 50%
14.50%

17

0.06

TRADING VOLUME
(Billion Rp)

10 229
10.229

TOTAL

Modified
Duration (Yrs)
End of Year
10 013
10.013

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PJAA01B

Q2-2009

Q3-2009

Q4-2009

Outstanding

Outstanding

120
-

20

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

40

60

80

100

120

217

PLJA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PAM LYONNAISE JAYA


:
:
:
:
:

ADDRESS
Sentral Senayan I Office Tower 7th Fl.
Jln. Asia Afrika No. 8 Senayan, Jakarta Pusat 10270
Phone : (021) 572-4410
Fax : (021) 572-4418

idAWater utilities
www.palyja.co.id
Sri Partiawati Tjiptaningsih Soetjipto
Bank Mandiri (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE
Initially, PT PAM Lyonnaise Jaya (the Company) was established under
the name of PT Garuda Dipta Semesta and having legal domicile in
Jakarta. The Company is a limited liability duly established under the
law of the Republic of Indonesia pursuant to Deed No. 106 dated 14
August, 1987, which was made before Benny Kristianto, SH, Notary
in Jakarta. Such deed has been approved by the Minister of Law and
Human Rights (formerly the Ministry of Justice) by virtue of Decree
No. C2-991.HT.01.01-TH88, dated 6 February 1988, registered in the
Western Jakarta District Court No. 1192/1988 dated 27 February 1988
and duly published in the State Gazette No.55 dated 11 July 1997,
Supplement No. 2745.
Companys Articles of Association has been amended several times one
of which including Name & Legal Domicile of Company (from PT. Garuda
Dipta Semesta to PT PAM Lyonnaise Jaya). The latest amendment of
the Articles of Association was undertaken in the framework of Company
Law enforceability in 2007 as stated in Deed No. 135 dated 15 August
2008, which was made before Benny Kristianto, SH, Notary in Jakarta.
Based on BLPM approval and the Companys article of association,
the Companys scope of activities is to conduct business in the field of
water supply and carry out related activities such as water transmission,
production and distribution. The Company began its operating activity
since Februari 1st 1998.
This Company is part of Suez Environnement, a business line of GDF
Suez France, which provides Water and Waste Services as well as
related equipment essential for day to day life and the environment
protection; and also part of PT Astratel Nusantara, business line of Astra
Group Indonesia which runs business in infrastructure sector.
The Companys vision is to be the preferred water service provider
in Indonesia by satisfying our customers and adding value to our
stakeholders.
Since 1998, the Company has successfully increased the access to
clean water becoming more than 380 thousand connections reaching
more than 3 million people in the Western part of Jakarta.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

59,696
193,821
12,792
284,163
811,413
2,160
1,346,914
205,618
443,973
649,591
200,630
200,630
0.40
500,000
496,692
697,322

147,002
186,453
16,170
373,979
833,224
2,094
1,541,967
414,030
258,231
672,261
200,630
200,630
0.40
500,000
669,076
869,706

146.25
-3.80
26.41
31.61
2.69
-3.05
14.48
101.36
-41.84
3.49
N/A
34.71
24.72

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

920,001
500,329
419,672
157 712
157,712
261,961
-58,748
203,213
66,393
136,820

974,198
425,823
548,375
186
186,512
512
361,862
-51,466
310,397
88,013
222,384

5.89
-14.89
30.67
18.26
18
26
38.14
12.40
52.74
32.56
N/A
62.54

0.93
10.16
14.87
28.47

0.77
14.42
22.83
37.14

-17.02
41.98
53.49
30.45

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.
1.

2.

218

Code
PLJA01C

PLJA01D

Series Name
I Tahun 2005 Seri C

I Tahun 2005 Seri D

O
di
Outstanding
(Rp Million)
200,000

100,000

Li
i
Listing
Date
12-Jul-05

12
Jul 05
12-Jul-05

M
i
Maturity
Date
12-Jul-10

12
Jul 12
12-Jul-12

IIssue
Term

Coupon
P
Payment
Date

C
Coupon
Structure

5 Years

7 Years

Rating

Fixed 13.375%

12-Jul-10
12-Oct-10
12-Jan-11
12-Apr-11

idAstable

Fixed 13.875%

12-Jul-10
12-Oct-10
12 Jan 11
12-Jan-11
12-Apr-11

idAstable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
PLJA01C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

75.0

12.5

60.0

10.0

45.0

7.5

30.0

5.0

15.0

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q1

Q2

2010
Q3

10.817 10.411
24-Mar
24
Mar 13-Apr
13 Apr
10.939 10.411
10.061 10.411
10.811 10.411
WA1
2.00
65.00
Volume2
130.0%
4.0%
Turnover3
Modified Duration (Yrs): 3.362
Last
D t
Date
High
Low

Q4

Q1

10.149 10.438
08 Sep 30-Dec
30 Dec
08-Sep
10.399 10.693
10.145 10.261
10.293 10.355
41.00
54.00
82.0% 108.0%

Q2

9.907
22 Mar
22-Mar
9.990
9.795
9.939
31.30
62.6%

3.364
09
J n
09-Jun
3.431
3.311
3.379
27.00
54.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2-10
Q2 10

PLJA01D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2.5

12.5

2.0

10.0

1.5

7.5

1.0

5.0

0.5

2.5

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2

Q1

2010
Q3

- 10.994
07 May
- 07-May
- 10.994
- 10.994
1
- 10.994
WA
0.50
Volume2
2.0%
Turnover3
Modified Duration (Yrs): 7.793

Q4
-

Last
D t
Date
High
Low

Q1
-

Q2

10.844
08-Feb
08
Feb
10.846
10.844
10.845
2.00
8.0%

10.338
25 Jun
25-Jun
10.338
10.334
10.336
1.00
4.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

2009

Executed
Yield (%)

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Low

Code

High

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1
1.

PLJA01C

10 061
10.061

10 939
10.939

10 355
10.355

162

0 57
0.57

81 00%
81.00%

3 362
3.362

2.

PLJA01D

10.994

10.994

10.994

0.00

0.50%

7.793

163

0.57

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PLJA01C

Q2-2009

65

Q3-2009

Q4-2009

41

Outstanding

Outstanding

54
200

PLJA01D 1-Outstanding

100
-

25

50

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

75

100

125

150

175

200

225

219

PNBN BANK PAN INDONESIA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

idA
Bank
www.panin.co.id
Jasman G. Munthe
Bank Mandiri (Persero) Tbk.

PROFILE
Panin Bank was founded in 1971 as the first merger of 7 small private
national banks. For the past 38 years, it has consistently delivered on its
commitment to professional financial services. The Banks vision is to be
a leading retail and business bank, honoring the trust of its customers
and increasing its stakeholders value.
Panin Bank was listed in the Indonesia Stock Exchange in 1982, being
the first bank to Go Public, and at the same time supporting the rebirth
of Indonesias capital market. The current shareholders of the Bank
consisting of the founding shareholder, Panin Financial Tbk. 45%,
Votraint No 1103 PTY Ltd. (ANZ Bank) 39% and Public 17%.
As of March 2010, total assets of the Bank was Rp 81.4 Trillion, reaffirming the Banks ranking as one of the largest national Banks. Capital
Adequacy Ratio of 21.35%.
Amongst some of the Banks prudent policies is to maintain its CAR
above 20% and during the worst of monetary crisis in 1998, this policy
saved the Bank from resorting to the Governments recapitalization
program like most of its peers.
The Banks lending strategy is to focus on consumer and commercial
sectors. It continues to expand the national network and distribution to
reach a more diversed customer base, covering all provinces and all
major cities in Indonesia. At the end of March 2010 it has 365 offices,
one branch office in Cayman Island and one Representative Office in
Singapore. The Bank Offers innovative financial solutions to its mass
affluent customers. It has a prominent growing market niche in consumer,
commercial banking, treasury and international services.
The Management of Panin Bank wishes to express our sincere
appreciation to the shareholder, business partners and valued customers
for their continued support over the past 38 years. We are committed to
achieve our shared goal and vision, that Panin Bank is and always be
one of the driving forces in the national banking industry.

ADDRESS
Panin Bank Centre Jln. Jend Sudirman
Jakarta - 10270
Phone : (021) 270-0545, 270-0966, 270-0933
Fax : (021) 270-0340
FINANCIAL HIGHLIGHT

BALANCE SHEET
Cash on Hand
Placements with Other Banks
Marketable Securities
Loans
Investment
Fixed Assets
Other Assets
Total Assets
Deposits
Taxes Payable
Fund Borrowings
Other Liabilities
Total Liabilities
Minority Interest
Authorized Capital
p
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2008
928,108
5,293,561
12,948,494
35,282,456
1,047,950
1,671,786
1,197,097
64,391,915
47,378,257
94,822
3,191,603
728,945
55,664,960
791,939
5,900,000
, ,
2,033,530
20,335
100
3,847,271
7,935,016

Dec-2009
900,900
8,107,083
19,086,471
39,967,098
1,068,541
1,702,829
1,114,088
77,857,418
58,494,287
227,052
1,631,918
779,304
66,210,409
905,229
5,900,000
, ,
2,408,765
24,088
100
4,762,569
10,741,780

INCOME STATEMENTS
Total Revenues
Interest Expenses
Other Operating Revenue
Other Operating Expenses
Income from Operations
Non-Operating Revenues
Income Before Tax
Provision for Income Tax
Minority Interest
Net Income

6,011,625
3,451,922
586,117
1,568,887
1,121,626
31,742
1,153,368
355,360
-96,647
701,361

7,375,667
4,150,677
950,070
1,822,361
1,341,021
65,124
1,406,145
371,620
-119,227
915,298

22.69
20.24
62.10
16.16
19.56
105.17
21.92
4.58
-23.36
30.50

7.02
1.09
11.67
18.66

6.16
1.18
12.41
18.18

-12.13
7.93
6.37
-2.55

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

220

Million Rp except Par Value

Change %
-2.93
53.15
47.40
13.28
1.96
1.86
-6.93
20.91
23.46
139.45
-48.87
6.91
18.94
14.31
18.45
18.45
23.79
35.37

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

Code

No.

1.

Series Name

PNBN02B

2.

3.

4.

Outstanding
(Rp Million)

II Tahun 2007 Seri B

PNBN02C

II Tahun 2007 Seri C

PNBN03

Subordinasi II Tahun
2008

PNBN04

1,400,000

200,000

Listing
Date

20-Jun-07

20-Jun-07

1,500,000

III Tahun 2009

800,000

10-Apr-08

07-Oct-09

Maturity
Date

19-Jun-12

19-Jun-14

09-Apr-18

06-Oct-14

5 Years

7 Years

5 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Issue
Term

Rating

Fixed 10.75%

19-Sep-10
19-Dec-10
19-Mar-11
19-Jun-11

idAAstable

Fixed 11.00%

19-Sep-10
19-Dec-10
19-Mar-11
19-Jun-11

idAAstable

Fixed 11.6%

09-Jul-10
09-Oct-10
09-Jan-11
09-Apr-11

idA+
stable

Fixed 11.5%

06-Oct-10
06-Jan-11
06-Apr-11
06-Jul-11

idAAstable

TRADING HIGHLIGHT
PNBN02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

600.0

12.5

480.0

10.0

360.0

7.5

240.0

5.0

120.0

2.5

Executed
Yield (%)

2009
Q1

Q2

Q3

9.359 10.088
31-Mar 30-Jun
10.909 10.368
9.359
9.379
1
10.494
9.577
WA
348.00 585.00
Volume2
99.4% 167.1%
Turnover3
Modified Duration (Yrs): 9.287
Last
Date
g
High
Low

2010

9.823
08-Sep
10.032
9.379
9.518
239.00
68.3%

Q4

Q1

Q2

9.307
9.250
9.313
28-Dec 31-Mar 30-Jun
10.029 10.027
9.505
9.280
9.213
9.152
9.446
9.395
9.339
330.40 532.50 482.40
94.4% 152.1% 137.8%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PNBN02C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

Q4

Q1

Q2

11.835
9.451
9.557
9.617
9.357
9.468
23-Mar 29-Jun 10-Aug 29-Dec 03-Mar 11-May
9.640
9.860
11.835 10.325
9.839
9.507
11.508
9.557
9.557
9.451
9.357
9.366
11.737
9.604
9.570
9.508
9.504
9.469
WA1
17.00 141.50 104.00 162.80 125.00
66.00
Volume2
34.0% 283.0% 208.0% 325.6% 250.0% 132.0%
Turnover3
Modified Duration (Yrs): 9.425
Last
Date
High
Low

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

221

PNBN03
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1250

12.5

1000

10.0

750

7.5

500

5.0

250

2.5

2009

Executed
Yield (%)

Q1

Q2

2010
Q3

11.741
9.784
11-Feb 26-Jun
12.420 10.953
9.913
9.784
1
9.946
9.794
WA
2
655.75
841.60
Volume
174.9% 224.4%
Turnover3
Modified Duration (Yrs): 7.248
Last
Date
High
Low

Q4

10.815
09-Sep
10.815
9.718
9.909
15.70
4.2%

Q1

Q2

9.921
9.783
9.644
02-Dec 04-Mar 04-May
9.921 10.538 10.550
9.921
9.783
9.529
9.921
9.930
9.859
219.80 1120.90 118.20
58.6% 298.9% 31.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

PNBN04
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1000

12.5

800

10.0

600

7.5

400

5.0

200

2.5

2010

2009

Executed
Yield (%)

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 6.210
Last
Date
High
Low

Q3

Q4

N/A 10.330
N/A 09-Dec
N/A 10.330
N/A 10.265
N/A 10.328
N/A 712.96
N/A 356.5%

Q1

Q2

10.162
23-Mar
10.330
10.159
10.234
90.00
45.0%

9.881
01-Jun
10.204
9.881
10.097
146.50
73.3%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1.

PNBN02B

Low
9.280

High
10.909

Weighted Avg.
Executed
Yield (%)
9.446

% of Total

Turnover
Ratio
(%)

5.29

107.31%

9.287

TRADING VOLUME
(Billion Rp)
1,502

Modified
Duration (Yrs)
End of Year

2.

PNBN02C

9.451

11.835

9.508

425

1.50

212.65%

9.425

3.

PNBN03

9.718

12.420

9.921

1,733

6.11

115.52%

7.248

4
4.

PNBN04

10 265
10.265

10 330
10.330

10 328
10.328

713

2 51
2.51

89 12%
89.12%

6 210
6.210

4,374

15.41

TOTAL

222

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PNBN02B

348

Q2-2009

Q3-2009

585

Outstanding

Q4-2009
239

Outstanding

330

1,400

PNBN02C

142

Outstanding

200

104

PNBN03

163

656

841.60

Outstanding

220

1,500

PNBN04

713

Outstanding

800
-

200

400

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

600

800

1,000

1,200

1,400

1,600

1,800

2,000

223

PPGD PERUM PEGADAIAN


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jln. Kramat Raya No.162
Jakarta 10430
Phone : (021) 315-5550
Fax : (021) 391-4221, 324-967

idAA
Financial Institution
www.pegadaian.co.id
Tatang Koesnarya
Bank Negara Indonesia (Persero) Tbk.

PROFILE
Perum Pegadaian ( Perum) represents continuation of Perusahaan
Jawatan (Perjan) changed into Perum based on Government Regulation
Number 10/1990, 10 April 1990 about the changing of Perusahaan
Jawatan (Perjan) Pegadaian to Perusahaan Umum (Perum) regarding
to PP No 103/2000.
The scope of activity of the company such as :
1. Channeling of loan based on Mortgage Law.
2. Channeling of loan based on fidusia collateral, safe keeping,
service, certify of gold and gem stone, and also other efforts able to
reach the companys goals and objectives through the affirmative
of Minister of BUMN.
3. Theres also some new business such as unit in pawn service
with stock guarantee, channeling of loan based on sharia business
credit and money transfer service.

FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Sh)
Authorized Capital
Government Share
Placement

Million Rp except Par Value

Dec-2008

Dec-2009

212,811
3,734

267,989
4,882

Change %
25.93
30.76

9,494,277

-100.00

39,427
51,468
387,186
442,557
46,693
67,130
10,772,086 15,859,464
6,205,668 9,252,231
107,892
40,745
8,828,087 13,320,006
205,000
205,000

30.54
14.30
43.77
47.23
49.09
-62.24
50.88
N/A
-

46,252

46,252

Retained Earnings
Total Equity

1,692,748
1,944,000

2,288,206
2,539,458

35.18
30.63

INCOME STATEMENTS
T t lR
Total
Revenues
Expenses
Other Income
Income Before Tax

22,930,594
930 594
2,045,977
16,624
901,241

44,036,387
036 387
2,949,348
29,208
1,116,247

37 73
37.73
44.15
75.70
23.86

272,868
628,374

318,052
798,196

16.56
27.03

4.54
5.83
21.44
30.75

5.25
5.03
19.78
27.65

15.50
-13.72
-7.77
-10.07

Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

224

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

1.

Code

Series Name

PPGD10AXBFTW

X Tahun 2003 Seri A

Outstanding
(Rp Million)

336,500

Listing
Date

15-Jul-03

Maturity
Date

11-Jul-11

Issue
Term

8 Years

2.

PPGD10BXBVTW

X Tahun 2003 Seri B

63,500

15-Jul-03

11-Jul-18

15 Years

3.

PPGD11A

XI Tahun 2006 Seri A

400,000

24-May-06

23-May-16

10 Years

Coupon
Structure

Fixed 12.9375 %

Coupon
Payment
Date
11-Jul-10
11-Oct-10
11-Jan-11
11 Apr 11
11-Apr-11

Year 1-3: Fixed 13.125%; 11-Jul-10


Year 4-15: SBI 3 Months 11-Oct-10
+ 1.00%
11-Jan-11
(max. 15.5%, min.
11-Apr-11
10 5%)
23-Aug-10
23-Nov-10
Fixed 13.1%
23-Feb-11
23
M 11
23-May-11
23-Aug-10

4.

PPGD11B

XI Tahun 2006 Seri B

100,000

24-May-06

23-May-16

10 Years

6.

7.

8.

9.

10.

PPGD12A

PPGD12B

PPGD13A1

PPGD13A2

PPGD13B

PPGD13C

XII Tahun 2007 Seri A

XII Tahun 2007 Seri B

XIII Tahun 2009 Seri A1

XIII Tahun 2009 Seri A2

XIII Tahun 2009 Seri B

XIII Tahun 2009 Seri C

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

370,000

230,000

350,000

100,000

650,000

400,000

05-Sep-07

05-Sep-07

02-Jul-09

02-Jul-09

02-Jul-09

02-Jul-09

04-Sep-17

04-Sep-17

01-Jul-14

01-Jul-14

01-Jul-17

01-Jul-19

idAA+
stable

idAA+
stable

idAA+
stable

Year 1: 13.1%;
23-Nov-10
Year 2: SBI 1 Month + 1.25%
(max.16.00%, min. 10.00%) 23-Feb-11

idAA+
stable

idAA+
stable

23-May-11

5.

Rating

10 Years

Fixed 10.025%

04-Sep-10
04-Dec-10
04-Mar-11
04 J 11
04-Jun-11

10 Years

Year 1 : 10.025%;
Year 2 - X : SBI + 1%;
max. 12%, min. 8%

04-Sep-10
04-Dec-10
04-Mar-11
04-Jun-11

idAA+
stable

5 Years

Fixed 11.675%

01-Jul-10
01-Oct-10
01-Jan-11
01 A 11
01-Apr-11

idAA+

5 Years

Year 1 : Fixed 11,675%


Year 2 -5 : SBI+3%
(max 13%)

01-Jul-10
01-Oct-10
01-Jan-11
01-Apr-11

idAA+

Fixed 12.65%

01-Jul-10
01-Oct-10
01-Jan-11
01 A 11
01-Apr-11

idAA+

Fixed 12.875%

01-Jul-10
01-Oct-10
01-Jan-11
01-Apr-11

idAA+

8 Years

10 Years

225

TRADING HIGHLIGHT
PPGD10AXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

75

12.5

60

10.0

45

7.5

30

5.0

15

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

9.957
10.283
23-Mar 22-Jun
10.470 10.439
10.283
9.957
10.330 10.147
WA1
62.23
43.75
Volume2
52.0% 74.0%
Turnover3
Modified Duration (Yrs): 5.642
Last
Date
High
Low

2010
Q3

Q4

9.905
12-Aug
9.974
9.905
9.935
8.10
9.6%

10.201
15-Dec
10.246
10.201
10.207
12.71
15.1%

Q1

Q2

10.097
19-Mar
11.512
10.097
10.224
30.00
35.7%

10.084
24-Jun
10.084
9.948
9.995
24.00
28.5%

2
W
Weighted
i h d Average;
A
T
Trading
di V
Volume
l
in
i Billion
Billi R
Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPGD10BXBVTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25

12.5

20

10.0

15

7.5

10

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

8.499
13-Feb
9.824
8.499
8.662
WA1
5.80
Volume2
36.5%
Turnover3
Modified Duration (Yrs): 6.80
Last
Date
High
Low

2010
Q3

Q4

8.639
09-Sep
8.639
8.639
8.639
1.50
9.4%

8.705
15-Dec
8.705
8.705
8.705
2.29
14.4%

Q1

Q2

8.950
8.662
30-Mar 28-Apr
8.950
8.854
8.950
8.662
8.950
8.713
1.50
23.50
9.4% 148.0%

2
W
Weighted
i ht d Average;
A
T
Trading
di V
Volume
l
in
i Billion
Billi R
Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPGD11A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20

12.5

16

10.0

12

7.5

5.0

2.5

Q1-09

226

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

9.061
9.089
02-Mar 23-Jun
9.452
9.089
9.061
8.743
9.095
8.921
WA1
1.10
6.00
Volume2
1.1%
6.0%
Turnover3
Modified Duration (Yrs): 8.001
Last
Date
High
Low

2010
Q3

Q4

8.679
05-Aug
8.864
8.634
8.722
9.00
9.0%

8.915
23-Nov
8.915
8.915
8.915
2.00
2.0%

Q1
9.061
17-Feb
9.061
8.915
9.041
15.00
15.0%

Q2
8.515
04-Jun
8.534
8.515
8.527
3.00
3.0%

2
W
Weighted
i ht d Average;
A
T
Trading
di V
Volume
l
in
i Billion
Billi R
Rp
(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

PPGD11B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25

12.5

20

10.0

15

7.5

10

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

8.809
8.670
06-Mar 21-Apr
8.809
8.670
8.776
8.670
8.793
8.670
WA1
4.00
3.00
Volume2
16.0% 12.0%
Turnover3
Modified Duration (Yrs): 8.876
Last
Date
High
Low

Q4

8.218
28-Aug
8.670
7.647
7.952
21.00
84.0%

Q1

7.635
02-Oct
7.635
7.635
7.635
6.00
24.0%

Q2

8.196
03-Feb
8.196
8.196
8.196
3.00
12.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPGD12A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

10.0

100

8.0

75

6.0

50

4.0

25

2.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

7.861
8.605
13-Mar 29-Jun
9.032
9.012
7.861
8.011
8.708
8.555
WA1
31.00
25.00
Volume2
33.5% 27.0%
Turnover3
Modified Duration (Yrs): 9.099
Last
Date
g
High
Low

Q4

8.071
11-Sep
8.071
8.071
8.071
1.00
1.1%

Q1

Q2

8.031
7.934
7.927
05-Oct 31-Mar 21-Jun
8.031
8.031
7.978
8.031
7.903
7.811
8.031
7.942
7.955
1.00 102.00
95.00
1.1% 110.3% 102.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPGD12B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2.5

12.5

2.0

10.0

1.5

7.5

1.0

5.0

0.5

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

Q1

Q2

N/A
6.746
N/A 03-Apr
N/A
6.746
N/A
6.746
N/A
6.746
WA1
N/A
2.00
Volume2
N/A
3.5%
Turnover3
Modified Duration (Yrs): 11.963
Last
Date
g
High
Low

2010

2009
Q3

Q4
-

Q1
-

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

227

PPGD13A1
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50

15.0

40

12.0

30

9.0

20

6.0

10

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 5.428
Last
Date
High
Low

Q4

11.248
13-Jul
11.361
11.237
11.300
41.00
46.9%

Q1

11.363
10-Dec
11.617
11.363
11.488
18.00
20.6%

Q2

11.302
24-Mar
11.351
11.299
11.325
25.00
28.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPGD13A2
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

120

15.0

96

12.0

72

9.0

48

6.0

24

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
g
High
Low

Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
-

Q1
-

Q2

11.580 11.033
29-Jan 09-Jun
11.605 11.142
11.491 11.008
11.559 11.090
100.00
28.00
400.0% 112.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPGD13B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

50

15.0

40

12.0

30

9.0

20

6.0

10

3.0

Q1-09

228

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 2.568
Last
Date
g
High
Low

2010
Q3

Q4

11.651
12-Aug
12.168
11.651
11.837
37.00
22.8%

12.140
28-Dec
12.146
11.740
11.884
18.00
11.1%

Q1
11.831
10-Mar
12.650
11.806
12.429
29.00
17.8%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

PPGD13C
Trading Volume
(Rp Billion)

30

15.0

24

12.0

18

9.0

12

6.0

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): .0
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
-

Q1
-

Q2

12.875
17-Feb
12.875
12.875
12.875
24.00
24.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

PPGD10AXBFTW

Low
9.905

High
10.470

10.207

% of Total

Turnover
Ratio
(%)

0.46

38.57%

5.642

TRADING VOLUME
(Billion Rp)
130

Modified
Duration (Yrs)
End of Year

2.

PPGD10BXBVTW

8.499

9.824

8.705

10

0.03

15.11%

6.800

3.

PPGD11A

8.634

9.452

8.915

18

0.06

4.53%

8.001

4.

PPGD11B

7.635

8.809

7.635

34

0.12

34.00%

8.876

5.

PPGD12A

7.861

9.032

8.031

59

0.21

15.95%

9.099

6.

PPGD12B

6.746

6.746

6.746

0.01

0.87%

11.963

7.

PPGD13A1

11.237

11.617

11.488

59

0.21

16.86%

5.428

8.

PPGD13A2

9.

PPGD13B

11.651

12.168

11.884

55

0.19

8.46%

2.568

10.

PPGD13C

366

1.29

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

229

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PPGD10AXBFTW

62

44

Q2-2009

Q3-2009

Q4-2009

Outstanding

400

500

8813
13

Outstanding

337

PPGD10BXBVTW
Outstanding

64

PPGD11A

Outstanding
PPGD11B

21 6

Outstanding
PPGD12A

31

25

Outstanding

370

PPGD12B

Outstanding

230

PPGD13A1

- 41

18

Outstanding

350

PPGD13A2

Outstanding

100

PPGD13B

- 37 18

Outstanding

650

PPGD13C

Outstanding

400
-

230

100

200

300

600

700

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

This page is intentionally right blank

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

231

PPKT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PUPUK KALIMANTAN TIMUR


:
:
:
:
:

ADDRESS
Jln. Kebon Siri Raya No. 6A
Jakarta 10110
Phone : (021) 344-3344
Fax : (021) 344-3444, 345-0113

idAAChemicals
www.pupukkaltim.com
Qomaruzzaman
Bank CIMB Niaga Tbk.
FINANCIAL HIGHLIGHT

PROFILE
Company is located in Bontang, East Kalimantan.
The Company currently operates four (4) Ammonia Plant with a capacity
of 1.85 million tons per year and 5 (five) Urea Plant with a capacity of 2.98
million tons per year.Company production facilities are equipped with
warehousing facilities that can store 215 000 tons of urea and 12,000
tons of bulk bags of urea and ammonia storage tank with a capacity of
52 000 tonnes. In addition to warehousing, the company also has four
special dock capable vessels with deadweight up to 40 000 DWT. Docks
has obtained accreditation from the ISPS Code so qualifies for the transit
ships international routes.
The Company was incorporated on December 7, 1977 and commenced
commercial operations on May 1, 1985. Business Activities Company
are:
(A) Industrial raw materials processed lawyer for the manufacture of
fertilizers and other chemical results
(B) The distribution and trading of these products and other chemical
fertilizers
(C) activities to develop, manufacture and operation of factories in the
industrial sector, fertilizer, petrochemical and other chemical
The Company currently carry out assignments from the government to
distribute subsidized fertilizer to the national food sector. Distribution
area includes 17 from East Java Province, some parts of Kalimantan,
Bali to eastern Indonesia.
Company incorporated in the Business Group Holding PUSRI PT
(Persero) that own shares of 3,329,964,432 shares of the Company
(99.999%), while as many as 35 568 other shares owned by the Old Age
Welfare Foundation Kaltim Fertilizer (0.001%).
Number of Employees as of December 31, 2009 is as many as 2515
people.
In terms of bond issuance, the company has conducted two times the
bond issuance in the year 2002 with total emissions of Rp 600 billion and
in 2009 with a total issuance amounted to USD 660 Billion of Bonds and
Sukuk Ijarah amounting to Rp 131 billion.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Cash & Cash Equivalents


Accounts Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

433,937
917,782
1,455,234
3,077,267
3,843,050
4,274
7,089,017
2,149,782
1,185,170
3,334,953
50,866
6,660,000
1,665,000
3,330
500
2,046,095
3,703,198

1,307,176
201.24
-23.68
700,431
-21.40
1,143,812
30.26
4,008,499
4,086,166
6.33
85,955 1,911.35
8,414,882
18.70
14.41
2,459,557
29.67
1,536,795
19.83
3,996,352
6.81
54,328
6,660,000
1,665,000
3,330
500
31.67
2,694,141
4,364,202
17.85

Change %

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

9,731,820
7,017,102
2,714,718
1 440 089
1,440,089
1,274,629
-305,450
969,179
331,460
-9,894
627,825

8,215,315
5,602,018
2,613,297
11,576,085
576 085
1,037,212
108,719
1,145,931
306,162
-7,398
832,371

-15.58
-20.17
-3.74
99.44
44
-18.63
N/A
18.24
-7.63
25.23
32.58

0.90
8.86
6.45
13.10

0.92
9.89
10.13
12.63

1.68
11.69
57.05
-3.61

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

2
2.

232

Code

Series Name

PPKT02

II Tahun 2009

SIKPPKT01

Sukuk Ijarah
j
I Tahun
2009

Outstanding
(Rp Million)

660,000

131 000
131,000

Listing
Date

07-Dec-09

07-Dec-09

Maturity
Date

04-Dec-14

04-Dec-14

Issue
Term

Coupon
p
Payment
Date

Coupon
Structure

5 Years

5 Years

Rating

Fixed 10.57%

04-Dec-10
04-Mar-11
04-Jun-11
04-Sep-11

idAA-

Ijarah
Fee Rp107.5
j
p
million per Rp1 billion

04-Dec-10
04-Mar-11
04-Jun-11
04-Sep-11

IdAA(Sy)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
PPKT02
Trading Volume
(Rp Billion)

70.0

10.0

56.0

8.0

42.0

6.0

28.0

4.0

14.0

2.0

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.758
Last
D t
Date
High
Low

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

8.346
23-Dec
23
Dec
8.352
8.346
8.346
11.00
6.7%

Q1

Q2

8.288
8.290
24-Mar
24
Mar 24-May
24 Ma
8.346
8.308
8.285
8.228
8.318
8.292
62.00
40.00
37.6% 24.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

SIKPPKT01
Trading Volume
(Rp Billion)

15

10.0

12

8.0

6.0

4.0

2.0

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
1
N/A
N/A
WA
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.481
Last
D t
Date
High
Low

Q3

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

8.346
07-Dec
07
Dec
8.346
8.346
8.346
1.00
3.1%

Q1

Q2

8.261
8.290
26-Mar
26
Mar 25
25-May
May
8.377
8.317
8.260
8.290
8.279
8.320
12.00
3.00
36.6%
9.2%

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1
1.

PPKT02

8 346
8.346

8 352
8.352

8 346
8.346

11

0 04
0.04

1 67%
1.67%

9 758
9.758

2.

SIKPPKT01

8.346

8.346

8.346

0.00

0.76%

9.481

12

0.04

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PPKT02

Q2-2009

Q3-2009

Q4-2009

Outstanding

-1111

Outstanding

660

SIKPPKT01 1Outstanding

131
-

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

200

300

400

500

600

700

233

PPLN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERUSAHAAN LISTRIK NEGARA (PERSERO)


:
:
:
:
:

PROFILE
PLN has been known as Perusahaan Umum Listrik Negara, since 16
June 1994 changed its status to PT PLN (PERSERO), the state owned
electricity company based on Government Regulation Number 23/1994.
Pursuant to article 11 section 1 and 2 of the Law number 30 of 2009,
PLN has the priority to provide electricity for the public.
Our vision is to be recognized as a World Class Company that is growing,
developing, outstanding and trustworthy, by relying on human potential.
Our business activities are :

Doing business in providing electricity, covering such activities as


generating electrical power, supplying electrical power, distributing
electrical power, planning and constructing facilities for power
provision and developing electrical power provision.

Conducting electrical power supporting business, covering such


activities as consultation activities as related to electrical power
generating, constructing and building installation for electrical power
equipment, maintenance of electrical power equipment, developing
equipment technology to support electrical power supply.
Company has 46 units which are 16 PLN Regions, 5 PLN Distributions,
5 PLN Power Plant and Network Projects, 12 PLN Generations, 2 Load
Dispatching Centers, Education and Traning Center, Engineering Service,
Services and Production, Research and Development, Construction
Management Service, Certification Service.
During its growth, PLN has established 8 subsidiaries and a joint-venture
company which are PT Indonesia Power, PT Pembangkitan Jawa Bali,
PT Pelayanan Listrik Nasional Batam, PT Indonesia Comnets Plus, PT
PLN Enjiniring, PT PLN Tarakan, PT PLN Batubara, PT PLN Geothermal
and PT Geo Dipa Energi.
The number of PLNs human resources in 2009 was 39,205 employees,
ranking from junior high school graduates up to doctorate degree (S3)
The facilities for electricity supply as owned and operated by PLN include
the power plants, transmission and distribution network. The generating
capacity in 2009 is 25,623 MW which produces electricity of 156,797.25
GWh.
The electricity sales in 2009 is 134,581.98 Gwh which is consumed by
5 composition of electricity sales of household, business, industry and
general.
The number of PLNs customers in 2009 is 40,117,685 consist of
37,099,830 household, 1,801,608 business, 47,900 industry and
1,168,347 general.

234

ADDRESS
Jln. Trunojoyo Blok M 1/135, Kebayoran Baru
Jakarta - 12160
Phone : (021) 725-0550, 725-1234
Fax : (021) 722-1330, 722-7072

Aa2.id
Energy
www.pln.co.id
Supriyanto
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

6,387,627
1,708,320
9,091,138
31,075,630
197,014,713
1,432,627
290,718,943
40,653,690
123,078,686
163,732,376
63,000,000
46,107,154
46
1,000,000
49,913,953
126,986,567

13,043,196
2,555,458
9,721,258
36,999,493
207,666,612
3,669,502
333,713,076
37,707,827
154,809,164
192,516,991
63,000,000
46,107,154
46
1,000,000
60,269,632
141,196,085

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

164,208,510
160 597 751
160,597,751
3,610,759
-15,801,927
-12,191,168
112,548
-12,303,716

145,222,144
-11.56
N/A
N/A
-15.77
135
135,275,969
275 969
15 77
9,946,175
175.46
2,257,172
N/A
12,203,347
N/A
1,847,668 1,541.67
N/A
10,355,679
N/A

BALANCE SHEETS

Change %
104.19
49.59
6.93
19.06
5.41
156.14
14.79
-7.25
25.78
17.58
N/A
20.75
11.19

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

1.29
-4.23
-7.49
2.20

1.36
3.10
7.13
6.85

5.75
N/A
N/A
211.47

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

1.

2.

3.

4.

5.

6.

7.

8.

Code

Series Name

PPLN07

VII Tahun 2004

PPLN08A

VIII Tahun 2006 Seri A

PPLN08B

VIII Tahun 2006 Seri B

PPLN08C

Syariah Ijarah I Tahun


2006

PPLN09A

IX Tahun 2007 Seri A

PPLN09B

IX Tahun 2007 Seri B

SIKPPLN01

Sukuk Ijarah II Tahun


2007

PPLN10A

X Tahun 2009 Seri A

Outstanding
(Rp Million)

1,500,000

1,335,100

865,000

200,000

1,500,000

1,200,000

300,000

1,015,000

12-Nov-04

22-Jun-06

22-Jun-06

22-Jun-06

11-Jul-07

11-Jul-07

11-Jul-07

12-Jan-09

11-Nov-14

21-Jun-16

21-Jun-21

21-Jun-16

10-Jul-17

10-Jul-22

10-Jul-17

09-Jan-14

Coupon
Structure

idAAstable

Fixed 13.6%

21-Mar-08
21-Jun-08
21-Sep-08
21-Dec-08

idAAstable

15 Years

Fixed 13.75%

21-Mar-08
21-Jun-08
21-Sep-08
21-Dec-08

idAAstable

10 Years

Ijarah Fee Rp6.8 billion


quarterly

10 Years

10 Years

15 Years

10 Years

Fixed 10.4%

idAAstable

Fixed 10.9%

10-Jan-08
10-Apr-08
10-Jul-08
10-Oct-08

idAAstable

Ijarah Fee Rp31.2 billion

Fixed 14.75%

idAAstable

7 Years

Fixed 15%

09-Apr-09
09-Jul-09
09-Oct-09
09-Jan-10

idAAstable

09-Apr-09
09-Jul-09 idAA-(sy)
stable
09-Oct-09
09-Jan-10
09-Apr-09
09-Jul-09 idAA-(sy)
stable
09-Oct-09
09-Jan-10

5 Years

293,000

12-Jan-09

09-Jan-14

5 Years

11.

SIKPPLN02B

Sukuk Ijarah III Tahun


2009 Seri B

467,000

12-Jan-09

09-Jan-16

7 Years

Fee Ijarah Rp150 million


per Rp1 billion

13.

PPLN11B

XI Tahun 2010 Seri B

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

1,783,000

13-Jan-10

12-Jan-17

12-Jan-20

10-Jan-08
10-Apr-08 idAA-(sy)
stable
10-Jul-08
10-Oct-08
09-Apr-09
09-Jul-09
09-Oct-09
09-Jan-10

SIKPPLN02A

13-Jan-10

21-Mar-08
21-Jun-08 idAA-(sy)
21-Sep-08 stable
21-Dec-08
10-Jan-08
10-Apr-08
10-Jul-08
10-Oct-08

10.

920,000

Rating

Fixed 12.25%

10 Years

Ijarah Fee Rp147.5


million per billion pa

XI Tahun 2010 Seri A

Coupon
Payment
Date
11-Feb-08
11-May-08
11-Aug-08
11-Nov-08

Sukuk Ijarah III Tahun


2009 Seri A

PPLN11A

09-Jan-16

Issue
Term

X Tahun 2009 Seri B

12.

12-Jan-09

Maturity
Date

PPLN10B

9.

425,000

Listing
Date

7 Years

10 Years

Fixed 11,95%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

idAAstable

Fixed 12,55%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

idAAstable

235

AS OF JUNE 2010

No.

Code

14.

15.

Outstanding
(Rp Million)

Series Name

SIKPPLN03A

Sukuk Ijarah IV Tahun


2010 Seri A

SIKPPLN03B

Sukuk Ijarah IV Tahun


2010 Seri B

130,000

167,000

Listing
Date
13-Jan-10

13-Jan-10

Maturity
Date
12-Jan-17

12-Jan-20

Issue
Term

Coupon
Payment
Date

Coupon
Structure

Rating

7 Years

Fee Ijarah Rp119.5


million per Rp1 billion

12-Jan-08
12-Apr-08 idAA-(sy)
stable
12-Jul-08
12-Oct-08

10 Years

Fee Ijarah Rp125.5


million per Rp1 billion

12-Jan-08
idAA-(sy)
12-Apr-08
stable
12-Jul-08

TRADING HIGHLIGHT
PPLN07
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

400

12.5

320

10.0

240

7.5

160

5.0

80

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

8.508
8.476
05-Mar 25-Jun
8.710
8.619
8.381
8.409
8 514
8.514
8 542
8.542
WA1
65.00
94.00
Volume2
17.3% 25.1%
Turnover3
Modified Duration (Yrs): 8.853
Last
Date
High
Low

2010
Q3

Q4

8.603
30-Sep
8.603
8.362
8 542
8.542
57.00
15.2%

8.268
02-Dec
8.603
8.268
8 550
8.550
39.00
10.4%

Q1

Q2

8.565
31-Mar
8.603
8.108
8 279
8.279
357.50
95.3%

8.310
22-Jun
8.562
8.103
8 294
8.294
65.98
17.6%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPLN08A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250

15.0

200

12.0

150

9.0

100

6.0

50

3.0

Q1-09

236

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

11.018 11.631
04-Mar 23-Jun
13.010 11.969
10.788 11.180
11 204 11.417
11.204
11 417
WA1
22.80
40.60
Volume2
3
6.8%
12.2%
Turnover
Modified Duration (Yrs): 8.235
Last
Date
High
Low

2010
Q3

Q4

11.513
29-Sep
11.578
10.762
10 943
10.943
33.00
9.9%

10.629
30-Dec
11.458
10.629
11 155
11.155
20.00
6.0%

Q1
11.104
18-Mar
11.472
10.657
11 396
11.396
227.00
68.0%

Q2
11.650
22-Jun
12.119
10.556
10 956
10.956
43.69
13.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

PPLN08B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1.5

15.0

1.2

12.0

0.9

9.0

0.6

6.0

0.3

3.0

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2010

2009
Q1

Q2

WA1
2
Volume
Turnover3
Modified Duration (Yrs): 2.594
Last
Date
High
Low

Q4

Q3
-

Q1

11.572
15-Dec
11.572
11.572
11.572
1.00
0.5%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPLN08C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25

12.5

20

10.0

15

7.5

10

5.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

12.143 11.631
22-Jan 28-May
12.143 11.631
10.629 11.009
10.700 11.205
WA1
9.50
18.20
Volume2
19.0% 36.4%
Turnover3
Modified Duration (Yrs): 8.303
Last
Date
High
Low

2010
Q3

Q4

10.823
08-Sep
11.268
10.823
11.178
22.47
44.9%

10.869
28-Dec
10.869
10.355
10.616
12.50
25.0%

Q1

Q2

10.629
31-Mar
10.629
10.288
10.336
3.50
7.0%

10.448
15-Jun
10.448
10.448
10.448
1.00
2.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPLN09A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

2009
Q1

Q2

8.932
9.281
18-Mar 26-Jun
11.282
9.680
8.932
8.674
1
9.352
8.898
WA
2
93.00
54.00
Volume
24.8% 14.4%
Turnover3
Modified Duration (Yrs): 4.594
Last
Date
High
Low

2010
Q3

Q4

8.674
30-Sep
9.068
8.674
8.706
44.00
11.7%

9.130
28-Dec
9.167
8.770
8.952
42.15
11.2%

Q1
8.925
26-Mar
9.840
8.770
9.102
106.50
28.4%

Q2
8.798
23-Apr
8.856
8.761
8.800
64.00
17.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

237

PPLN09B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

1
WA
2
Volume
Turnover3
Modified Duration (Yrs): 3.970
Last
Date
High
Low

2010
Q3

Q4

9.213
01-Jul
9.213
9.213
9.213
2.00
0.7%

Q1
-

Q2

9.195
23-Mar
9.324
9.195
9.265
280.00
93.3%

8.904
14-Jun
9.213
8.898
9.022
297.00
99.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SIKPPLN01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15.0

12.5

12.0

10.0

9.0

7.5

6.0

5.0

3.0

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

9.592
9.492
30-Mar 26-May
9.926
9.632
9.512
9.492
9.734
9.564
WA1
6.60
8.00
Volume2
8.8% 10.7%
Turnover3
Modified Duration (Yrs): 4.015

9.754
30-Jul
9.754
9.754
9.754
0.20
0.3%

Last
Date
High
Low

Q4
9.969
29-Dec
10.145
9.969
9.984
3.00
4.0%

Q1

Q2

8.968
04-Mar
10.012
8.964
9.247
11.30
15.1%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPLN10A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

200

15.0

160

12.0

120

9.0

80

6.0

40

3.0

Q1-09

238

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

11.275 11.082
13-Mar 29-May
11.887 11.514
11.275 11.082
1
11.532
11.410
WA
2
45.00
191.00
Volume
17.7% 75.3%
Turnover3
Modified Duration (Yrs): 2.956
Last
Date
High
Low

2010
Q3

Q4

11.279
29-Sep
11.279
11.259
11.272
3.00
1.2%

8.324
30-Dec
11.777
8.324
11.009
30.00
11.8%

Q1

Q2
-

11.126
05-May
11.179
11.126
11.141
31.60
12.5%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

PPLN10B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10.0

15.0

8.0

12.0

6.0

9.0

4.0

6.0

2.0

3.0

Executed
Yield (%)

2009
Q1

Q2

12.664
18-Feb
12.664
11.534
1
11.713
WA
2
4.50
Volume
4.2%
Turnover3
Modified Duration (Yrs): 7.586
Last
Date
High
Low

2010
Q3

Q4
-

Q1

10.939
18-Nov
11.001
10.786
10.885
9.00
8.5%

Q2

11.475
11-Feb
11.696
11.475
11.585
4.00
3.8%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SIKPPLN02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

250.0

12.5

200.0

10.0

150.0

7.5

100.0

5.0

50.0

2.5

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

11.887 11.676
25-Feb 28-May
11.887 11.676
11.887 11.676
11.887 11.676
WA1
10.00
20.00
Volume2
13.7% 27.3%
Turnover3
Modified Duration (Yrs): 4.207
Last
Date
High
Low

Q4

Q1

11.676 11.887
29-Sep 21-Dec
11.676 11.887
11.127 10.973
11.317 11.460
9.00 224.00
12.3% 305.8%

Q2

11.328
11-Feb
11.330
11.328
11.329
20.00
27.3%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SIKPPLN02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25.0

12.5

20.0

10.0

15.0
15 0

7.5
75

10.0

5.0

5.0

2.5

Executed
Yield (%)

2009
Q1

Q2

- 11.814
- 28-May
- 11.814
- 11.814
1
11.814
WA
2
20.00
Volume
17.1%
Turnover3
Modified Duration (Yrs): 6.411
Last
Date
High
Low

2010
Q3

Q4
-

Q1
-

Q2
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

239

PPLN11A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

400

12.5

320

10.0

240

7.5

160

5.0

80

2.5

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

N/A
9.210
9.219
N/A 31-Mar 26-May
N/A
9.614
9.641
N/A
9.210
9.090
N/A
9.443
9.312
N/A 358.00
93.00
N/A 155.7% 40.4%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PPLN11B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

400

12.5

320

10.0

240

7.5

160

5.0

80

2.5
-

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): N/A
Last
Date
g
High
Low

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4

Q1

Q2

N/A
9.556
N/A 10-Mar
N/A 10.107
N/A
9.488
N/A
9.719
N/A 496.00
N/A 111.3%

9.354
02-Jun
9.983
9.252
9.522
30.00
6.7%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

SIKPPLN03A
No Transaction in the Year of 2009 and Q1-Q2 2010
SIKPPLN03B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10

12.5
12
5

10.0

7.5

5.0

2.5

Q1-09

240

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Executed
Yield (%)

2009
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
3
N/A
Turnover
Modified Duration (Yrs):
( ) N/A
Last
Date
High
Low

N/A
N/A
N/A
N/A
N/A
N/A
N/A

2010
Q3
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2
-

9.983
06-Apr
9.983
9.983
9.983
10.00
24.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1.

PPLN07

Low
8.268

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

0.90

17.00%

8.853

TRADING VOLUME
(Billion Rp)

8.710

8.550

255

Modified
Duration (Yrs)
End of Year

2.

PPLN08A

10.629

13.010

11.155

116

0.41

8.72%

8.235

3.

PPLN08B

11.572

11.572

11.572

0.00

0.12%

2.594

4
4.

PPLN08C

10 355
10.355

12 143
12.143

10 616
10.616

63

0 22
0.22

31 34%
31.34%

8 303
8.303

5.

PPLN09A

8.674

11.282

8.952

233

0.82

15.54%

4.594

6.

PPLN09B

9.213

9.213

9.213

0.01

0.17%

3.970

7.

SIKPPLN01

9.492

10.145

9.984

18

0.06

5.93%

4.015

8.

PPLN10A

8.324

11.887

11.009

269

0.95

26.50%

2.956

9.

PPLN10B

10.786

12.664

10.885

14

0.05

3.18%

7.586

10.

SIKPPLN02A

10.973

11.887

11.460

263

0.93

89.76%

4.207

11
11.

SIKPPLN02B

11 814
11.814

11 814
11.814

11 814
11.814

20

0 07
0.07

4 28%
4.28%

6 411
6.411

1,254

4.42

TOTAL

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

241

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PPLN07

65

Q2-2009

Q3-2009

Q4-2009

Outstanding

57 39

94

Outstanding

1,500

PPLN08A

41 33

Outstanding

1,335

PPLN08B
Outstanding

865

PPLN08C
Outstanding

200

PPLN09A

93

54 44 42

Outstanding

1,500

PPLN09B
Outstanding

1,200

SIKPPLN01
Outstanding

300

PPLN10A

45

30

191

Outstanding

1 015
1,015

PPLN10B
Outstanding

425

SIKPPLN02A

224

Outstanding

293

SIKPPLN02B
Outstanding

467
-

242

150

300

450

600

750

900

1,050

1,200

1,350

1,500

1,650

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

243

PTPN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERKEBUNAN NUSANTARA III (PERSERO)


:
:
:
:
:

ADDRESS
Jln. Sei Batanghari No. 2
Medan 20122, Sumatera Utara
Phone : (061) 845-3100, 845-2244
Fax : (061) 845-5177

idAAPlantation
www.ptpn3.co.id
Aja Ibrafan
Bank Niaga Tbk.

PROFILE
PT Perkebunan Nusantara III (Persero) (the Company) was established
on March 11, 1996, located in North Sumatera Province. The Company
is a state owned company engaged in palm oil, rubber, plantation and
processing.
In accordance with Article 3 of the Articles of Association, the intent and
purpose is to engage in agro-business and agro-industry, and optimizing
the utilization of company resources to produce goods and services
of high quality and strong competitiveness. To achieve its goals and
objectives, the Company adopted the following main activities:
1.

Includes clearing and cultivation of land management, seeding,


planting, maintenance and harvesting crops and doing other
related activities;

2.

Production includes the processing plant itself or from another party


for goods or semi-finished and finished products and derivatives
products;

3.

Trade marketing organizations activities include a variety of


products and to perform other trading activities related to business
activities of the Company;

4.

Development of agriculture, agro-tourism, agro-business and agroindustries;

5.

Other activities in order to optimally utilize the resources of the


Company.

The Company is domiciled in Medan Sumatera while the head office


is located at Jl. Sei Batanghari No. 2-Sei Sikambing, Medan, Sumatera
Utara. The crude oli and rubber factory and plantation are located in
several areas in South Sumatera.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

800,756
68,673
305,987
1,203,137
838,902
29,007
5,046,858
1,191,743
862,395
2,514,130
6,838
1,200,000
315,000
0.32
1,000,000
2,233,785
2,525,890

784,007
52,474
165,753
1,091,545
1,091,136
22,778
5,674,469
1,144,727
1,764,405
2,909,131
6,838
1,200,000
315,000
0.32
1,000,000
2,466,394
2,758,499

-2.09
-23.59
-45.83
-9.28
30.07
-21.48
12.44
-3.95
104.59
15.71
0.0002
10.41
9.21

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

4,680,623
2,519,433
2,161,190
960
099
960,099
1,201,091
11,110
1,223,243
378,525
0.04
844,718

4,410,908
2,860,844
1,550,064
834
047
834,047
716,018
-23,744
703,864
184,050
-0.02
519,814

-5.76
13.55
-28.28
13 13
-13.13
-40.39
N/A
-42.46
-51.38
N/A
-38.46

1.00
16.74
18.05
25.66

1.05
9.16
11.78
16.23

5.95
-45.27
-34.70
-36.74

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

244

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

Code

1.

Series Name

PTPN01AXBFTW

2.

I Tahun 2003 Seri A

PTPN01BXBVTW

3.

Outstanding
(Rp Million)

140,000

I Tahun 2003 Seri B

PTPN02C

10,000

II Tahun 2004 Seri C

Listing
Date

06-Aug-03

06-Aug-03

35,000

14-Jul-04

Maturity
Date

05-Aug-10

05-Aug-10

13-Jul-11

Issue
Term

7 Years

7 Years

7 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed 13.125%

05-Aug-10
05-Nov-10
05-Feb-11
05-May-11

idAAstable

Year 1-2: 13.125%; Year


3-7: SBI 3 Months +
1.50%

05-Aug-10
05-Nov-10
05-Feb-11
05-May-11

idAAstable

Fixed 13.500%

13-Jul-10
13-Oct-10
13-Jan-11
13-Apr-11

idAAstable

TRADING HIGHLIGHT
PTPN01AXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

120

10.0

96

8.0

72

6.0

48

4.0

24

2.0

Executed
Yield (%)

2009
Q1

Q2

2010
Q3

8.835
8.797
31-Mar 29-Jun
9.015
8.850
8.703
8.677
1
8.749
8.779
WA
2
23.72
45.34
Volume
129.5% 67.8%
Turnover3
Modified Duration (Yrs): 6.891
Last
Date
High
Low

8.705
08-Sep
8.769
8.705
8.735
25.20
72.0%

Q4

Q1

Q2

8.602
8.373
23-Dec 30-Mar
8.940
8.382
8.602
8.169
8.679
8.248
14.30 104.65
40.9% 299.0%

4.333
30-Jun
4.343
4.213
4.310
24.50
70.0%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

PTPN01BXBVTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

7.50

10.0

6.00

8.0

4.50

6.0

3.00

4.0

1.50

2.0

Executed
Yield (%)

2009
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 9.967
Last
Date
High
Low

2010
Q3

Q4

7.506
05-Aug
7.511
7.506
7.508
4.00
160.0%

Q1
-

Q2
-

3.940
20-May
3.950
3.936
3.941
6.00
240.0%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

245

PTPN02C
Trading Volume
(Rp Billion)

30

12.5

24

10.0

18

7.5

12

5.0

2.5

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

10.277 10.202
11-Mar 22-Jun
10.361 10.202
10.277 10.155
1
10.279
10.169
WA
2
19.00
26.45
Volume
217.1% 302.3%
Turnover3
Modified Duration (Yrs): 5.580
Last
Date
High
Low

2010
Q3

Q4

10.151 10.464
12-Aug 16-Dec
10.202 10.464
10.151 10.360
10.171 10.462
2.46
9.70
28.1% 110.9%

Q1

Q2

10.462 10.023
15-Feb 10-Jun
10.720 10.049
10.462 10.023
10.546 10.031
1.00
9.00
11.4% 102.9%

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2-10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

PTPN01AXBFTW

8.602

9.015

8.679

109

0.38

77.54%

6.891

2.

PTPN01BXBVTW

7.506

7.511

7.508

0.01

40.00%

9.967

3.

PTPN02C

10.151

10.464

10.462

58

0.20

164.60%

5.580

170

0.60

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PTPN01AXBFTW

Q2-2009

Q3-2009

45

24

Outstanding

25

Outstanding
14

140

PTPN01BXBVTW

Outstanding

10

PTPN02C

19

Outstanding

26

10

35
-

246

Q4-2009

15

30

45

60

75

90

105

120

135

150

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

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INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

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E X C H A N G E

247

PTPV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERKEBUNAN NUSANTARA V (PERSERO)


:
:
:
:
:

ADDRESS
Jln. Rambutan No. 43
Pekanbaru Riau 28294
Phone : (0761) 66-565
Fax : (0761) 66-558

idA
Plantation
www.ptpn5.com
Anjar Asmadi
Bank Permata Tbk.
FINANCIAL HIGHLIGHT

PROFILE
PT Perkebunan Nusantara V (Persero) herein after referred to as
Company is a Plantation State-Owned Company established on March
11th, 1996, originated from the consolidation of expansion areas of PTP
II, IV and V located in Riau Province. The business operation has been
effectively started since April 9th, 1996 with the head office located in
Pekanbaru. Company legal foundation has been determined pursuant
to Government Regulation No. 10 year 1996 regarding the Depository
of State Capital of Republic of Indonesia for the Establishment of PTP
Nusantara V (Persero).
The Article of Association was made by Harun Kamil through the Notarial
Deed No. 38 dated March 11th, 1996 and approved by the Decree of
Minister of Justice No. C2-8333H.T.01, 1996 and also published in
State Gazette No.80 dated October 4th, 1996 and Supplement of State
Gazette No. 8565/1996.
Later on, the Companys Article of Association has been revised with the
drafting of Notarial Deed No. 24 dated February 22, 2010 made by Budi
Suyono, Graduate at Law, and subsequently approved by the Decree of
Minister of Justice of the Republic of Indonesia No. AHU-16224.HT.01.
AH.01.02.TH.2010 dated March 30, 2010. Recently, the Company Head
Office domiciles at Jl. Rambutan No. 43 Pekanbaru with its business
units spread in several Regencies in Riau Province.
The Company has been listed on November 13, 2003 in Indonesia Stock
Exchange with the issuing of its first Corporate Bonds offering series A
Bond and series B Bond to the public with total of Rp. 300.000.000.000,.
Until 2008, the Company managed 52 working units comprises 1
Headquarter, 6 Strategic Business Units (SBU); 25 Nucleus/ Plasma
Estates; 12 Palm Oil Mills; 1 unit PKO Mill; 4 Rubber Processing facilities
and 3 Hospitals. The Company managed a total of 160.745 hectares
of plantation area, consisting of 86.219 hectares of nucleus estate and
74.526 hectares of plasma estate/smallholders.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

424,222
68,462
261,960
877,431
563,004
199,665
2,726,256
775,913
730,261
1,506,173
600,000
250,000
0.25
1,000,000
921,271
1,220,083

346,099
22,074
170,868
844,099
661,484
215,558
2,962,984
916,286
788,785
1,705,071
600,000
250,000
0.25
1,000
947,584
1,257,913

-18.42
-67.76
-34.77
-3.80
17.49
7.96
8.68
18.09
8.01
13.21
N/A
-99.90
2.86
3.10

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

3,815,232
2,799,137
1,016,095
362 958
362,958
653,137
-65,408
587,728
177,252
410,477

3,611,619
2,927,763
683,856
391
391,031
031
292,825
-85,679
208,364
63,012
145,352

-5.34
4.60
-32.70
7 73
7.73
-55.17
-30.99
-64.55
-64.45
N/A
-64.59

1.23
15.06
10.76
17.12

1.36
4.91
4.02
8.11

9.80
-67.42
-62.59
-52.64

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

2.

248

Code

PTPV01AXBFTW

PTPV01BXBVTW

Series Name

I Tahun 2003 Seri A

I Tahun 2003 Seri B

Outstanding
(Rp Million)

294,000

6,000

Listing
Date

13-Nov-03

13-Nov-03

Maturity
Date

12-Nov-10

12-Nov-10

Issue
Term

Coupon
Payment
Date

Coupon
Structure

7 Years

12-Nov-10
12-Feb-11
12-May-11
12-Aug-11

idA
stable

12-Nov-10
Year 1-2: 12.875%;; Year
12 Feb 11
12-Feb-11
3-7: SBI 3 Months + 2%
12-May-11
(max. 17%, min. 8%)
12-Aug-11

idA
stable

Fixed 12.875%

7 Years

Rating

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
PTPV01AXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

10.0

80

8.0

60

6.0

40

4.0

20

2.0

2009

Executed
Yield (%)

Q1

Q2

2010
Q3

8.734
8.736
25 Mar 22-Apr
22 Apr
25-Mar
8.818
8.815
8.734
8.736
8.753
8.753
WA1
15.20
14.62
Volume2
20.7% 19.9%
Turnover3
Modified Duration (Yrs): 7.737
Last
D t
Date
High
Low

Q4

Q1

Q2

8.513
8.700
22
Dec 22
Mar
22-Dec
22-Mar
8.776
8.675
8.601
8.508
8.527
8.642
41.50
83.80
56.5% 114.0%

8.645
28 Sep
28-Sep
8.740
8.645
8.735
36.00
49.0%

8.198
25
J n
25-Jun
8.213
8.172
8.197
6.00
8.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2
Q2-10
10

PTPV01BXBVTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10.0

8.0

6.0

4.0

2.0

2009

Executed
Yield (%)

Q1

Q2

Q3
-

WA1
Volume2
3
Turnover
Modified Duration (Yrs): 9.697
Last
Date
High
Low

2010
Q4

6.736
1.00
66.7%

Q1
-

Q2
6.357
- 09-Apr
6.375
6.357
6.364
4.00
- 266.7%

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
T
Turnover
R i (Annualized)
Ratio
(A
li d) =
Outstanding

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

PTPV01AXBFTW

8.601

8.818

8.642

107

0.38

36.50%

7.737

2.

PTPV01BXBVTW

100.000

6.736

0.004

0.167

9.697

108

0.38

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
PTPV01AXBFTW

15

15

Q2-2009

36

Q3-2009

Outstanding

42

Outstanding

294

PTPV01BXBVTW

Outstanding

6
-

30

60

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

Q4-2009

S T O C K

E X C H A N G E

90

120

150

180

210

240

270

300

249

PVII
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERKEBUNAN NUSANTARA VII (PERSERO)


:
:
:
:
:

PROFILE
PT.Perkebunan Nusantara VII (Persero) is one of Indonesias stateowned enterprises in plantation sector. Its headquarters are located in
Bandar Lampung which were incorporated based on the governments
regulation Number 12 Year of 1996, dated February 14, 1996 and
Notarial Act by Notary Harun Kamil, SH Number 40 dated March 11,
1966. The company was established as a merger of PT Perkebunan
X (Persero), PT Perkebunan XXXI (Persero)., Development Project of
PTP Perkebunan XI (Persero) in Lahat and Development Project of PT
Perkebunan XXIII (Persero) in Bengkulu.
The original certificate of the association by Notary Harun Kamil, SH
was altered into certificate number 08, dated October 11, 2002 by
Notary Sri Rahayu Hadi Prasetyo, SH and was further authorized by the
minister of Justice & Human Rights, Republic of Indonesia under Decree
Number C-20863.HT.01.04, year of 2002, dated 25 October, 2002. The
certificate was then further altered into Certificate Number 34, dated
August 13,2008 by Notary Nur Mohammad Dipo Nusantara Pua Upa,
SH and was authorized by Minister of Justice & Human Rights, Republic
of Indonesia, Number AHU-55963.AH.01.02.year of 2008.
PT Perkebunan Nusantara VII (Persero) has left a unique historical
record. Prior to merging into PT Perkebunan Nusantara VII (Persero),
PT Perkebunan X (Persero) was an state-owned enterprise operating
in plantation agro-business in Lampung and South Sumatera. PT
Perkebunan X (Persero) originated from a Dutch colonial plantation estate
located in South Sumatera and Lampung . Through a nationalization
process, the plantation was overtaken by the government of Republic
Indonesia in 1957 and then transforming into a limited company in
1980.
Currently the companys operational area covers three province
consisting of 10 business units in Lampung, 14 business units in South
Sumatera and 3 business units in Bengkulu. The company was originally
established to implementing and supporting the governments program
in nationals economy development scheme and plantation sub-sector in
particular. All are aimed at executing operations in agribusiness and agroindustry and benefiting from the companys resources as to produce high
quality and competitive goods/services to reach and pursue significant
profit in order to elevate the companys values through acceptable limited
corporation principles.

250

ADDRESS
Jln. Teuku Umar 300
Bandar Lampung 35141
Phone : (0721) 702-233, (021) 829-0152
Fax : (0721) 702-775, 707-353, (021) 921-6026

idA
Plantation
www.ptpn7.co.id
Sonny Soediastanto
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

407,195
57,101
808,750
1,342,129
556,133
52,623
3,156,958
1,082,406
879,579
1,961,985
1,000,000
365,000
0.37
1,000,000
810,882
1,194,973

406,234
9,799
912,153
1,537,997
717,230
78,632
3,806,872
1,048,607
1,488,580
2,537,186
1,000,000
365,000
0.37
1,000,000
885,594
1,269,686

-0.24
-82.84
12.79
14.59
28.97
49.42
20.59
-3.12
69.24
29.32
N/A
9.21
6.25

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

3,421,191
2,737,242
683,948
257 682
257,682
426,266
-38,100
388,678
127,838
260,840

2,892,459
2,291,098
601,361
278
744
278,744
322,617
-105,232
218,483
68,127
150,356

-15.45
-16.30
-12.08
88.17
17
-24.32
-176.20
-43.79
-46.71
N/A
-42.36

1.64
8.26
7.62
12.46

2.00
3.95
5.20
11.15

21.71
-52.20
-31.82
-10.48

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

AS OF JUNE 2010

No.

1.

Code

Outstanding
(Rp Million)

Series Name

PVII01B

Tahun 2004 Seri B

10,000

Listing
Date

29-Mar-04

Maturity
Date

26-Mar-11

Issue
Term

7 Years

Coupon
Payment
Date

Coupon
Structure

Rating

26-Sep-10
26-Dec-10
26-Mar-11
26-Jun-11

Fixed 14.125%

idA+

TRADING HIGHLIGHT
PVII01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1.50

15.0

1.20

12.0

0.90

9.0

0.60

6.0

0.30

3.0

0.00

Q1-09

Q2-09

Q3-09

Q4-09

Q1-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-10

Executed
Yield (%)

YEAR 2008
Q1

WA1
Volume2
Turnover3
M difi d Duration
Modified
D i (Yrs):
(Y ) .00
Last
Date
High
Low

Q2

Q1-Q2 2009

Q3
-

Q4
-

Q1
-

Q2
-

11.675
07-Jun
11.675
11.675
11.675
1.00
40.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

251

PWON PAKUWON JATI TBK.


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Mandiri Tower 15th Fl., Jln. Basuki Rahmat No. 8 - 12
Surabaya - 60261
Phone : (031) 531-1107, 531-1088
Fax : (031) 532-6726

BBB-(idn)
Property And Real Estate
Omar Ishananto
Bank Rakyat Indonesia (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE

Dec-2008

BALANCE SHEETS

PT Pakuwon Jati Tbk (Company) was established based on Notarial


Deed No. 281 dated September 20, 1982, by Notary Kartini Muljadi, S.H
in Jakarta.
The Company is domiciled at Menara Mandiri 15th Fl. Jln. Basuki
Rahmat No. 8-12, Surabaya-Indonesia.
Based on Companys Article of Associations, the Company is engaged
in business:
1.

Shopping center known as Tunjungan Plaza

2.

Office center named Menara Mandiri

3.

Five-Star Hotels named Sheraton Surabaya Hotel and


Towers(Hotel), also

4.

Pakuwon City real Estate (formerly Laguna Indah housing) and


industrial area (not operated and will be changed into housing
area), all located in Surabaya.

The Company has direct and indirect ownership in subsidiaries: PT


Artisan Wahyu, PT Pakuwon Sentra Wisata, PT Regency Laguna
Jasamedika and Pakuwon Jati Finance.
As of March 31, 2010, the Companys share 10.033.250.500 all listed in
Indonesia Stock Exchange.

Million Rp except Par Value

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Investments
Fixed Assets
Other Assets
Total Assets
Trade Payables
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

266,275
43,813
3,477
1,445,501
3,562,501
46,172
2,472,258
86,317.769
1,250,000
1,003,325
10,033
100
600
1,003,925

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

453,812
226,557
227,255
65 065
65,065
162,189
-128,467
33,722
39,573
-3,619
-9,469

697,388
434,073
263,315
58
58,385
385
204,931
-1,825
203,106
47,439
-9,044
146,622

53.67
91.60
15.87
-10.27
10 27
26.35
98.58
502.29
19.88
-149.93
N/A

2.46
-0.27
-2.09
35.74

1.94
4.22
21.02
29.39

-21.26
N/A
N/A
-17.78

-24.66
200,607
44,965
2.63
-28.48
2,486
N/A
7.88
1,559,360
N/A
3,476,870
-2.40
77,956
68.84
-9.76
2,230,961
10
95,362
140.00
3,000,000
1,003,325
10,033
100
147,222 24,439.83
1,150,547
14.60

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

AS OF JUNE 2010

No.

1.

252

Code

PWON-01XX-BF

Series Name

I Tahun 1996

Outstanding
(Rp Million)

38,483

Listing
Date

02-Jul-96

Maturity
Date

28-Jun-12

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

SBI + 1%, max. 12%

28-Sep-10
28-Dec-10
28-Mar-11
28-Jun-11

Rating
Fitch :
CC(idn)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
PWON-01XX-BF
No Transaction in the Year of 2009 and Q1-Q2 2010

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

253

RICY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

RICKY PUTRA GLOBALINDO TBK.


:
:
:
:
:

ADDRESS
Jln. Sawah Lio II No. 29 - 37
Jembatan Lima - Tambora, Jakarta 11250
Phone : (021) 634-3735
Fax : (021) 633-8642

Baa1.id
Textile, Garment
Robby Ritter Tan
Bank Mandiri (Persero) Tbk.

FINANCIAL HIGHLIGHT

PROFILE

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

11,683
125,025
234,015
457,774
187,258
645,757
280,730
40,939
321,669
3,211
576,000
320,859
642
500
-4,867
320,877

27,352
125,381
191,992
424,190
173,713
599,719
237,135
35,274
272,408
2,862
576,000
320,859
642
500
-1,294
324,449

134.11
0.28
-17.96
-7.34
-7.23
N/A
-7.13
-15.53
-13.84
-15.31
-10.86
73.41
1.11

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

490,783
405,400
85,383
57
839
57,839
27,544
-38,314
-10,770
-1,563
-167
-9,375

507,955
431,231
76,723
68,829
68 829
7,894
-3,023
4,871
1,158
-141
3,572

3.50
6.37
-10.14
19 00
19.00
-71.34
92.11
N/A
N/A
15.60
N/A

1.00
-1.45
-1.91
5.61

0.84
0.60
0.70
1.55

-16.25
N/A
N/A
-72.31

BALANCE SHEETS

PT Ricky Putra Globalindo Tbk (Company) was established under


Notarial Deed No. 166 dated December 22, 1987 from Sinta Susikto,
S.H.
In accordance with Article 3 of the Companys Articles of Association, the
scope of activities of companies engaged in manufacturing, especially in
the underwear and fashion wear.
The Company is domiciled in Jakarta while the plants are located in
Citeureup- Bogor and Cicalengka-Bandung. The head office is located
at Jln. Sawah Lio II No. 29-37, West Jakarta.
The Company started its commercial operation since 1988. Production
Company marketed domestically and abroad.
The Company has more than 50% direct ownership in subsidiaries: PT
Jasaricky Abadi, PT Ricky Jaya Sakti, PT Ricky Musi Wijaya, PT Ricky
Mumbul Daya and PT Ricky Arta Jaya.

Million Rp except Par Value

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

254

Code

Series Name

RICY02

Syariah Ijarah I Tahun


2005

Outstanding
(Rp Million)

30,400

Listing
Date

13-Jul-05

Maturity
Date

12-Jul-10

Coupon
p
Payment
Date

Issue
Term

Coupon
Structure

5 Years

Ijarah Fee Rp9.211


billion

12-Jul-10
12-Oct-10
12-Jan-11
12-Apr-11

Rating
idBBB(sy)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
RICY02
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.0

16.0

12.0

8.0

4.0

2009

Executed
Yield (%)

Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 3.123

Q3
-

Last
D t
Date
High
Low

2010
Q4
-

16.741
17 Dec
17-Dec
16.749
16.741
16.745
2.50
32.9%

Q1

Q2

15.433
20 Jan
20-Jan
15.433
15.433
15.433
0.50
6.6%

Q1 09
Q1-09

Q2
Q2-09
09

Q3 09
Q3-09

Q4
Q4-09
09

Q1-10
Q1 10

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q2
Q2-10
10

TRADING STATISTICS 2009

No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

1
1.

RICY02

16 741
16.741

16 749
16.749

16 745
16.745

Executed Yield (%)

TRADING VOLUME
(Billion Rp)

TOTAL

% of Total

25
2.5

0 009
0.009

2.5

0.009

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

8 22%
8.22%

3 123
3.123

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
-

RICY02

Q2-2009

Q3-2009

Q4-2009

Outstanding

Outstanding

30
-

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

10

15

20

25

30

35

255

RMBA BENTOEL INTERNATIONAL INVESTAMA TBK.


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Rajawali, 23rd Fl., Jln. Mega Kuningan Lot 5.1,
Kawasan Mega Kuningan, Jakarta 12950
Phone : (021) 576-1718
Fax : (021) 576-1388

idA
Tobacco Manufacturers
www.bentoel.co.id
Hadrianus Wahyu Trikusumo
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
PT Bentoel Internasional Investama, Tbk (the Company), was established
based on Deed No. 247 dated April 11, 1987 from Misahardi Wilamarta,
S.H., notary in Jakarta.
The Company is domiciled in Jakarta, and its head office is located
on the 23rd Floor of Menara Rajawali, Jln. Mega Kuningan Lot # 5.1,
Jakarta 12950.
In accordance with article 3 of the Companys articles of association,
the scope of its activities is to engage in general trading, manufacturing
and services. The Company started commercial operations in 1989, and
was previously engaged in manufacturing rattan products. At present,
the Company acts as a holding company and cigarettes distributor.
Based on deed No. 28 dated December 4, 2009 of Aulia Taufani, S.H.,
substitute to Sutjipto, S.H., notary in Jakarta, the stockholders agreed to
merger the business operation of PT Bentoel Internasional Investama,
Tbk (BINI) and PT BAT Indonesia, Tbk (BATI), with BINI as the surviving
entity while BATI is liquidated without the process of liquidation, effective
on January 1, 2010.
The Company has direct and indirect ownership in subsidiaries:
PT Lestariputra Wirasejati and subsidiaries, PT Bentoel Prima and
subsidiaries, PT Java Tobacco and PT Pantura Tobacco.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

76,694
137,832
2,644,169
3,053,065
1,033,092
8,313
4,455,532
1,231,919
1,493,413
2,725,331
1,077,300
336,656
6,733
50
936,659
1,730,201

84,311
174,934
2,401,087
2,791,034
1,209,998
2,247
4,302,659
1,049,582
1,497,711
2,547,293
1,077,300
336,656
6,733
50
961,824
1,755,366

9.93
26.92
-9.19
-8.58
17.12
-72.97
-3.43
-14.80
0.29
-6.53
N/A
2.69
1.45

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

5,940,801
4,824,168
1,116,633
706 493
706,493
410,140
-165,963
244,177
5,039
239,138

6,081,726
2.37
4,959,474
2.80
1,122,252
0.50
856
784
21 27
21.27
856,784
265,469
-35.27
-176,352
-6.26
89,117
-63.50
63,952 1,169.06
N/A
-89.48
25,165

FINANCIAL RATIOS
1.58
5.37
4.03
6.90

DER (X)
ROA (%)
NPM (%)
OPM (%)

1.45
0.58
0.41
4.37

-7.87
-89.10
-89.72
-36.77

AS OF JUNE 2010

No.

1.

256

Code

RMBA01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

1,350,000

Listing
Date

28-Nov-07

Maturity
Date

27-Nov-12

Issue
Term

5 Years

Coupon
Structure

Fixed 10,50%

Coupon
p
Payment
Date
27-Nov-10
27-Feb-11
27-May-11
27-Aug-11

Rating
idAAA
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
RMBA01
Trading Volume
(Rp Billion)

500

10.0

400

8.0

300

6.0

200

4.0

100

2.0

2010

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

7.847
8.137
31-Mar
24-Jun
31
Mar 24
J n
8.167
9.383
7.847
8.006
8.077
9.041
WA1
5.50 272.80
Volume2
1.6% 80.8%
Turnover3
Modified Duration (Yrs): 9.023
Last
D t
Date
High
Low

Q3

Q4

Q1

8.006
7.915
29-Dec
30-Sep
30 Sep 29
Dec
8.137
8.325
7.873
7.845
8.110
8.055
125.96 501.09
37.3% 148.5%

Q2

7.992
7.920
31-Mar
30-Jun
31
Mar 30
J n
8.226
8.006
7.888
7.856
7.943
8.033
216.05 348.40
64.0% 103.2%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

1
1.

RMBA01

High

Low
7 845
7.845

Weighted Avg.
Executed
Yield (%)

9 383
9.383

8 110
8.110

TOTAL

% of Total

Turnover
Ratio
(%)

905

3 19
3.19

67 06%
67.06%

905

3.19

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
9 023
9.023

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
RMBA01

273

Q2-2009

Q3-2009

126

Q4-2009

Outstanding

501

Outstanding

1,350
-

150

300

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

450

600

750

900

1,050

1,200

1,350

1,500

257

RUIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

RADIANT UTAMA INTERINSCO TBK.


:
:
:
:
:

ADDRESS
Radiant Utama Building, 2nd Fl.
Jln. Kapten Tendean No. 24, Jakarta 12720
Phone : (021) 719-1020
Fax : (021) 719-1002

A3.id
Crude Petroleum & Natural Gas Production
www.radiant-utama.com
Moh. Arsyad Lubis
Bank Mega Tbk.

FINANCIAL HIGHLIGHT

PROFILE

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

81,636
265,579
3,209
416,335
176,822
3,463
618,513
209,775
207,169
416,945
12
240,000
77,000
770
100
92,852
201,557

63,335
208,663
4,196
360,594
165,541
4,730
563,467
165,875
186,562
352,437
13
240,000
77,000
770
100
102,228
211,017

-22.42
-21.43
30.75
-13.39
-6.38
36.59
-8.90
-20.93
-9.95
-15.47
12.85
10.10
4.69

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

1,178,573
1,052,523
126,049
66 165
66,165
59,884
-12,135
47,750
17,676
-1
30,073

1,037,582
912,289
125,293
70
411
70,411
54,882
-24,505
30,377
11,759
-2
18,616

-11.96
-13.32
-0.60
6 42
6.42
-8.35
-101.94
-36.38
-33.48
-222.93
-38.10

2.07
4.86
2.55
5.08

1.67
3.30
1.79
5.29

-19.26
-32.05
-29.68
4.10

BALANCE SHEETS

PT Radiant Utama Interinsco Tbk (the Company) was established


based on Notarial Deed No. 41 dated August 22, 1984 from Hadi
Moentoro, S.H., Notariy in Jakarta.
In accordance with Article 3 of the Companys Association, the scope of
corporate activities primarily include:
a. Installation engineering services and engineering fields of oil, natural
gas and energy.
b. Quality certification services.
c. Oil, natural gas and energy survey services.
d. Wholeseller (distributors) of equipment and raw materials /chemicals
for oil and gas fields.
e. Mining equipment rental services for oil and natural gas.
f. Repair and maintenance services to oil installations and natural gas.
The Company is domiciled in Jalan Kapten Tendean No. 24, Mampang
Prapatan, Jakarta.
The Company is incorporated with Radiant Utama Group.
The Company has direct and indirect ownership in subsidiaries: PT
Supraco Indonesia, PT Radiant Tunas Interinsco, PT Supraco Lines, PT
Supraco Deep Water and PT Radiant Bukit Barisan.
South West Bukit Barisan oil and gas block in West Sumatera.
The Company and its subsidiaries had been and will always commit
to give the best services to its customers. The commitment towards
quality and excellence services supported by ISO 9001:2000 awarded
in 2002 to the company and also OHSAS Certificate 18001:1999 and
ISO 14001:2004 regarding the Environmental, Health and Safety for
the Supporting activities and Operation on Technical and Inspection
Services.

Million Rp except Par Value

Change %

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

258

Code

RUIS01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

100,000

Listing
Date

13-Jul-07

Maturity
Date

12-Jul-11

Issue
Term

4 Years

Coupon
Structure

Fixed 11.50%

Coupon
p
Payment
Date
12-Jul-10
12-Oct-10
12-Jan-11
12-Apr-11

Rating
Fitch :
BBB
(idn)

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
RUIS01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

2010

2009

Executed
Yield (%)

Q1

Q2

9.553
17 Mar
17-Mar
9.625
9.553
9.577
WA1
3.00
Volume2
12.0%
Turnover3
Modified Duration (Yrs): 4.423

Last
D t
Date
High
Low

Q4

Q3
9.436
28-Sep
28
Sep
10.091
9.373
9.462
28.00
112.0%

Q1
-

Q2

9.622
9.577
31-Mar
31 Mar 30-Jun
30 J n
10.575 10.108
9.622
9.366
9.910
9.563
77.50
22.00
88.0% 310.0%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

RUIS01

Low

High

9 373
9.373

10 091
10.091

% of Total

Turnover
Ratio
(%)

31

0 11
0.11

31 00%
31.00%

31

0.11

TRADING VOLUME
(Billion Rp)

9 462
9.462

TOTAL

Modified
Duration (Yrs)
End of Year
4 423
4.423

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
RUIS01

Q2-2009

Q3-2009

Q4-2009

Outstanding

28

Outstanding

100
-

10

20

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

30

40

50

60

70

80

90

100

110

259

SCTV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

SURYA CITRA TELEVISI


:
:
:
:
:

ADDRESS
SCTV Tower - Senayan City
Jln. Asia Afrika Lot 19, Jakarta 10270
Phone : (021) 2793-5555
Fax : (021) 2793-5444

idA
Advertising, Printing & Media
www.sctv.co.id
Hardijanto Saroso
Bank Niaga Tbk.

FINANCIAL HIGHLIGHT

PROFILE
Surya Citra Televisi is one of the Indonesias top three private television
stations and is widely acknowledge as a leading creative and innovative
force in Indonesias fast-growing media industry. Together with its holding
company, PT Surya Citra Media Tbk, SCTV develop its business potential
to attain a worldwide reach, and pushing the limits of traditional concepts
of broadcasting to reach for a new paradigm in the media industry.
SCTVs current average audience share for 5+ ALL (SES) for the year
2009, ranks number two, from 10 Network TV Stations with average
16%.
Beginning as a regional television station broadcasting from Surabaya in
1990, SCTV grew rapidly all over Indonesia, strengthening its position as
the most influential, respected and recognized TV station in Indonesia.
SCTV now reaches more than 230 cities through 44 transmission
stations, and has more than 170 million potential viewers.
SCTV has won broad acclaim for its operation performance and its
entertainment and news programs. This is reflected in the array of
National and International awards such as an International Symposium
on Open Distance and E-Learning (ISODEL) Award, International Drama
Content Festival Award (ConFesta Japan), Elizabeth ONeil Journalism
Award, Poncke Princen Human Rights Prize, Seoul Drama Award,
Promax Award, Far East Economic Review Award and Asian Wall
Street Journal Award, Citra Pariwara, Panasonic Award, Festival Film
Bandung.
SCTV had transitioned to a digital broadcast and production platform,
part of a policy of consistently seeking out and adopting technological
advances to leverage performance and efficiency. In the same spirit, it
has placed a firm emphasis on building individual competencies in all
fields to sharpen the organizations knowledge base while nurturing
talent, creativity and initiative. This is the key to strengthening SCTVs
position as one of Indonesias premier broadcasters.

Million Rp except Par Value

BALANCE SHEETS

Dec-2008

Dec-2009

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

298,435
585,653
180,799
1,098,163
389,265
18,159
1,599,578
370,483
583,643
954,126
300,000
230,000
230
1,000
415,451
645,451

416,307
539,854
203,735
1,196,285
364,286
21,539
1,681,421
364,245
592,824
957,070
15
300,000
230,000
230
1,000
494,336
724,336

Change %
39.50
-7.82
12.69
8.94
-6.42
18.61
5.12
-1.68
1.57
0.31
N/A
18.99
12.22

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

2,120,691
408,337
1,712,353
11,243,070
243 070
469,284
-80,648
388,636
130,010
258,626

1,601,715
11,119,890
119 890
481,825
-30,439
451,386
122,501
328,885

-24.47
-100.00
-100.00
-9.91
9 91
2.67
62.26
16.15
-5.78
N/A
27.17

1.48
16.17
12.20
22.13

1.32
19.56
20.53
30.08

-10.62
20.98
68.37
35.94

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

260

Code

SCTV02

Series Name

II Tahun 2007

Outstanding
(Rp Million)

575,000

Listing
Date

11-Jul-07

Maturity
Date

10-Jul-12

Issue
Term

5 Years

Coupon
Structure

Fixed 10.95%

Coupon
p
Payment
Date
10-Jul-10
10-Oct-10
10-Jan-11
10-Apr-11

Rating
idA
stable

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SCTV02
Trading Volume
(Rp Billion)

1,250

12.5

1,000

10.0

750

7.5

500

5.0

250

2.5

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

9.358
9.690
23-Jun
23-Mar
23
Mar 23
J n
11.070 10.010
9.064
9.321
9.734
9.463
WA1
135.00
27.60
Volume2
93.9% 19.2%
Turnover3
Modified Duration (Yrs): 8.505
Last
D t
Date
High
Low

2010
Q3

Q4

9.575
17-Sep
17 Sep
10.988
9.426
9.674
49.00
34.1%

9.905
20-Nov
20 No
9.910
9.450
9.716
14.00
9.7%

Q1

Q2

9.559
9.206
23-Feb
29-Jun
23
Feb 29
J n
9.628
9.353
9.559
9.133
9.167
9.605
6.00 1078.00
4.2% 749.9%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2
Q2-10
10

TRADING STATISTICS 2009


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1
1.

SCTV02

High

Low
9 064
9.064

11 070
11.070

% of Total

Turnover
Ratio
(%)

226

0 79
0.79

39 23%
39.23%

226

0.79

TRADING VOLUME
(Billion Rp)

9 716
9.716

TOTAL

Modified
Duration (Yrs)
End of Year
8 505
8.505

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
SCTV02

135

Q2-2009
28

49

Q3-2009

Q4-2009

Outstanding

14

Outstanding

575
-

60

120

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

180

240

300

360

420

480

540

600

261

SIMP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

SALIM IVOMAS PRATAMA


:
:
:
:
:

ADDRESS
Sudirman Plaza, Indofood Tower, 11th Fl.
Jln. Jend. Sudirman Kav. 76-77, Jakarta 12190
Phone : (021) 5795-8822 ext 5000/50001
Fax : (021) 5793-7504

idAAPlantation
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE

Dec-2008

BALANCE SHEETS

PT Salim Ivomas Pratama (SIMP) was founded in 1992. Its head


office is located at Sudirman Plaza, Indofood Tower 11th Fl., Jl. Jendral
Sudirman 76-78 Jakarta 12910 South Jakarta. SIMP is a subsidiary of
PT. Indofood Sukses Makmur Tbk. (Code INDF).
SIMP and its subsidiaries (SIMP Group) is a group of vertically
integrated agribusiness, with principal activities that span from research
and development, seed breeding, oil palm cultivation and milling, as
well as production, marketing and selling of cooking oil, margarine and
vegetable fats.
Several brands produced by SIMP Group that have long been well
known are Bimoli, Delima, Mahakam, and Happy Salad Oil for cooking
oil, Palmia, Simas, Amanda, dan Simas Palmia for Margarine. SIMP
Group also engages in cultivation of sugar cane, rubber and other
crops.
One of subsidiaries of SIMP which is also listed on Indonesia Stock
Exchange is PT Perusahaan Perkebunan London Sumatra Indonesia
Tbk. (Code LSIP).

Million Rp except Par Value

Dec-2009

Change %

Cash & Cash Equivalents


Receivables
Inventories
Current Assets
Fixed Assets
Other Assets
Total Assets
Current Liabilities
Long Term Liabilities
Total Liabilities
Minority Interests
Authorized Capital
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

2,220,732 1,617,859
753,152
553,014
910,542 1,082,557
4,190,563 3,793,525
3,416,274 4,739,494
159,178
256,109
16,337,417 18,311,605
3,813,440 2,902,047
5,179,697 6,662,627
8,993,137 9,564,674
1,589,848 1,868,838
3,000,000 3,000,000
2,530,610 2,530,610
2.53
2.53
1,000,000 1,000,000
3,394,260 4,402,922
5,754,432 6,834,909

-27.15
-26.57
18.89
-9.47
38.73
60.89
12.08
-23.90
28.63
6.36
17.55
29.72
18.78

INCOME STATEMENTS
Total Revenues
Expenses
Gross Profit
O
Operating
ti Expenses
E
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

11,840,499
7,936,190
3,904,309
1 015 905
1,015,905
2,888,404
-735,362
2,153,042
779,180
-390,143
1,002,435

9,040,325
5,981,583
3,058,742
932
932,042
042
2,126,700
-191,424
1,935,276
630,421
-296,193
1,008,662

-23.65
-24.63
-21.66
-8.26
8 26
-26.37
73.97
-10.11
-19.09
24.08
0.62

1.56
6.14
8.47
24.39

1.40
5.51
11.16
23.52

-10.46
-10.23
31.79
-3.57

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2010

No.

1.

2.

262

Code

Series Name

SIMP01

I Tahun 2009

SIKSIMP01

Sukuk Ijarah I Tahun


2009

Outstanding
(Rp Million)

452,000

278,000

Listing
Date

02-Dec-09

02-Dec-09

Maturity
Date

01-Dec-14

01-Dec-14

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Year

Fixed 11.65%

5 Years

Ijarah Fee Rp32.387


billion

01-Mar-10
01-Jun-10
01-Sep-10
01-Dec-10

Rating

idAA-

01-Mar-10
01-Jun-10
idAA-(sy)
01-Sep-10
01-Dec-10

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SIMP01
Trading Volume
(Rp Billion)

140

10.0

112

8.0

84

6.0

56

4.0

28

2.0

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

2010
Q3

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
N/A
N/A
Turnover3
Modified Duration (Yrs): 9.003
Last
D t
Date
High
Low

Q4

Q1

Q2

8.617
8.685
8.556
28
Dec 02-Mar
02 Mar 21
Ma
28-Dec
21-May
8.685
8.685
8.590
8.494
8.667
8.580
8.641
8.525
8.683
80.00 127.00
29.00
70.8% 112.4% 25.7%

N/A
N/A
N/A
N/A
N/A
N/A
N/A

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
Turnover Ratio (Annualized) =
Outstanding

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4-09
Q4 09

Q1-10
Q1 10

Q2-10
Q2 10

SIKSIMP01
Trading Volume
(Rp Billion)

60

10.0

48

8.0

36

6.0

24

4.0

12

2.0

2009

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
WA1
N/A
N/A
Volume2
3
N/A
N/A
Turnover
Modified Duration (Yrs): 8.930
Last
Date
High
Low

2010
Q3

Q4

N/A
N/A
N/A
N/A
N/A
N/A
N/A

8.656
30-Dec
8.685
8.591
8.682
52.35
75.3%

Q1

Q2

8.577
11-Mar
8.594
8.536
8.571
13.00
18.7%

8.501
15-Jun
8.612
8.446
8.525
39.50
56.8%

Weighted Average; 2 Trading Volume in Billion Rp


(4 X Volume)
3
T
Turnover
R i (Annualized)
Ratio
(A
li d) =
Outstanding

Q1 09
Q1-09

Q2
Q2-09
09

Q3-09
Q3 09

Q4
Q4-09
09

Q1-10
Q1 10

Q2
Q2-10
10

TRADING STATISTICS 2009


Executed Yield (%)
No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

SIMP01

8.667

8.685

8.683

80

0.28

17.70%

9.003

2.

SIKSIMP01

8.591

8.685

8.682

52.350

0.184

0.188

8.930

132

0.47

TOTAL

TRADING VOLUME BY SERIES (IN BILLION RP) - YEAR 2009


Q1-2009
SIMP01

Q2-2009

Q3-2009

Outstanding

80

Outstanding

452

SIKSIMP01

52

Outstanding

278
-

50

100

INDONESIA BOND MARKET DIRECTORY 2010


I N D O N E S I A

Q4-2009

S T O C K

E X C H A N G E

150

200

250

300

350

400

450

500

263

SMFP SARANA MULTIGRIYA FINANSIAL (PERSERO)


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Graha SMF
Jln. Panglima Polim I No. 1 Jakarta 12160
Phone : (021) 270-0400
Fax : (021) 270-1400

AA(idn)
Financial Institution
www.smf-indonesia.co.id
Heliantopo
Bank Rakyat (Persero) Tbk.

PROFILE
PT Sarana Multigriya Finansial (Persero) was established on July 22,
2005 based on Government Regulation of the Republic of Indonesia
No. 5/2005, concerning Capital Participation of the Government of
Republic of Indonesia, and Presidential Regulation No.1/2008 juncto No.
19/2005, concerning Secondary Mortgage Financing.
The Company is a state owned financial institution that operates in the
Secondary Mortgage Corporation. The Company has been assigned by
the Government to undertake the establishment of the affordability
principle, so all citizens can own a decent home. For this reason, the
Company has been taking the role of facilitating funding flow from the
capital market to the home financing sector, through mortgage lenders.
The faster flow of funds and the bigger volume will gradually shape
the market mechanism and progressively make it more competitive
and efficient, which in turn will drive and slowly but sure lower mortgage
interest rate to an affordable level.
There are two forms of activities that conducted by the Company for said
flow of funding to happen: a. Securitization program; b. Lending program
which funded by issuing bond.
Until the end of 2009, SMF was able to channel funds from capital market
to the housing sector in the total amount of Rp.1.44 trillion (US $ 157.89
million) for 53.662 home ownership. The 1st mortgage securitization
transaction in the country was successfully launched by SMF in 2009 for
Rp 502 billion. In the same year, SMF issued 2 bonds amounted Rp 551
billion to partly finance loan disbursement to seven mortgage lenders
amounted to Rp 940 billion.

FINANCIAL HIGHLIGHT

BALANCE SHEETS
Cash & Cash Equivalents
Other Recievables
Consumer Financing
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
Other Assets
Total Assets
Fund Borrowings
Taxes Payable
Total Liabilities
Authorized Capital (Shares
Authorized Capital
Paid up Capital
Paid up C