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INDONESIA

BOND
MARKET
DIRECTORY

2009

Indonesia Stock Exchange


Research and Product Development Division

INDONESIA BOND MARKET DIRECTORY 2009

ISBN : 978-979-95474-3-9

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 2008 and 1st
Semester of 2009. 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 2008 and 1st Semester of 2009. At last, we thanks to all parties that gives support to the completion
of this book.

Jakarta, September 2009

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.

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

26

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

28

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

32

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

34

APEX

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

38

APOL

ARPENI PRATAMA OCEAN LINE TBK

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

42

7.

ASDF

ASTRA SEDAYA FINANCE

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

44

8.

BASS

BAHTERA ADIMINA SAMUDRA TBK

9.

BBIA

BANK UOB BUANA TBK

10.

BBMI

BANK SYARIAH MUAMALAT INDONESIA TBK

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

56

11.

BBNI

BANK NEGARA INDONESIA (PERSERO) TBK

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

58

12.

BBRI

BANK RAKYAT INDONESIA (PERSERO) TBK

13.

BBTN

BANK TABUNGAN NEGARA (PERSERO)

14.

BCAF

BCA FINANCE

15.

BDKI

BANK DKI (BPD DKI)

16.

BDMN

BANK DANAMON INDONESIA TBK

17.

BEXI

BANK EKSPOR INDONESIA (PERSERO)

18.

BFIN

BFI FINANCE INDONESIA TBK

19.

BFNC

BHAKTI FINANCE

20.

BJBR

BANK JABAR BANTEN

21.

BLAM

BANK LAMPUNG (BPD LAMPUNG)

22.

BLTA

BERLIAN LAJU TANKER TBK

23.

BNIS

BNI SECURITIES

24.

BNLI

BANK PERMATA TBK

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

92

25.

BNTB

BANK NTB (BPD NTB)

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

94

26.

BRNA

BERLINA TBK

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

96

27.

BSDE

BUMI SERPONG DAMAI TBK

28.

BSEC

BHAKTI SECURITIES

29.

BSLT

BANK SULUT (BPD SULAWESI UTARA)

30.

BTEL

BAKRIE TELECOM TBK

31.

BVIC

BANK VICTORIA INTERNATIONAL TBK

32.

CLPK

CILIANDRA PERKASA

33.

CMNP

CITRA MARGA NUSAPHALA PERSADA TBK

34.

DNRK

DANAREKSA (PERSERO)

35.

DUTI

DUTA PERTIWI TBK

36.

ELTY

BAKRIELAND DEVELOPMENT TBK

37.

EXCL

EXCELCOMINDO PRATAMA TBK

38.

FIFA

FEDERAL INTERNATIONAL FINANCE

39.

FREN

MOBILE-8 TELECOM TBK

40.

HITS

HUMPUSS INTERMODA TRANSPORTASI TBK

41.

HMSP

HANJAYA MANDALA SAMPOERNA TBK

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

52

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

54

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

60

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

62

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

66

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

70
72

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

74

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

78

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

80

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

82

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

84

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

86

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

90

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

98

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

100

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

102

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

104

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

106

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

108

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

110

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

112

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

116

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

118

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

120

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

122

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

128

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

130

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

132

No. CODE COMPANY NAME

Page

42.

IATG

INFOASIA TEKNOLOGI GLOBAL TBK

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

134

43.

IMFI

INDOMOBIL FINANCE INDONESIA

44.

INDF

INDOFOOD SUKSES MAKMUR TBK

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

136

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

138

45.

INKP

INDAH KIAT PULP & PAPER TBK

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

142

46.

ISAT

INDOSAT TBK

47.

JPFA

JAPFA COMFEED IDONESIA TBK

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

144

48.

JPRO

JAKARTA PROPERTINDO

49.

JSMR

JASA MARGA (PERSERO) TBK

50.

KREN

KRESNA GRAHA SEKURINDO TBK

51.

LPPI

LONTAR PAPYRUS PULP & PAPER INDUSTRY

52.

LTLS

LAUTAN LUAS TBK

53.

MAIN

MALINDO FEEDMILL TBK

54.

MAYA

BANK MAYAPADA INTERNASIONAL TBK

55.

MEDC

MEDCO ENERGI INTERNASIONAL TBK

56.

MEGA

BANK MEGA TBK

57.

MLSS

MULIAGLASS

58.

MPPA

MATAHARI PUTRA PRIMA TBK

59.

MTDL

METRODATA ELECTRONIC TBK

60.

MYOR MAYORA INDAH TBK

61.

NEFI

NEWERA FOOTWEAR INDONESIA

62.

NISP

BANK OCBC NISP TBK

63.

OTMA

OTO MULTIARTHA

64.

PANS

PANIN SEKURITAS TBK

65.

PIDL

PINDO DELI PULP AND PAPER MILLS

66.

PJAA

PEMBANGUNAN JAYA ANCOL TBK

67.

PLJA

PAM LYONNAISE JAYA

68.

PNBN

BANK PAN INDONESIA TBK

69.

PPGD

PERUM PEGADAIAN

70.

PPLN

PERUSAHAAN LISTRIK NEGARA (PERSERO)

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

210

71.

PTPN

PERKEBUNAN NUSANTARA III (PERSERO)

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

218

72.

PTPV

PERKEBUNAN NUSANTARA V (PERSERO)

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

222

73.

PVII

PERKEBUNAN NUSANTARA VII (PERSERO)

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

224

74.

PWON PAKUWON JATI TBK

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

226

75.

RENT

CSM CORPORATAMA

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

228

76.

RICY

RICKY PUTRA GLOBALINDO TBK

77.

RMBA

BENTOEL INTERNATIONAL INVESTAMA TBK

78.

RUIS

RADIANT UTAMA INTERINSCO TBK

79.

SBTR

SEMEN BATURAJA (PERSERO)

80.

SCTV

SURYA CITRA TELEVISI

81.

SMRA

SUMMARECON AGUNG TBK

82.

SOFN

SUMMIT OTO FINANCE

83.

TKIM

PABRIK KERTAS TJIWI KIMIA TBK

84.

TRIM

85.

TRJE

86.

TUFI

TUNAS FINANCINDO SARANA

87.

WOMF WAHANA OTTOMITRA MULTIARTHA TBK

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

152

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

154

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

156
160

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

162

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

164

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

166

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

168

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

172

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

176

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

178

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

180

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

182

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

184

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

186

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

188

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

190

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

192

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

194

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

196

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

198

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

200

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

204

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

230

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

232

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

234

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

236

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

238

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

240

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

242

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

246

TRIMEGAH SECURITIES TBK

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

248

TRUBA JAYA ENGINEERING

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

252

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

254
258

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, September 2009
Research and Product Development Division
Indonesia Stock Exchange

2009 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 SECURITIES
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 2009

GOVERNMENT BONDS

FIXED RATE

Listing
Date

Maturity
Date

Coupon

Coupon
Period

Obligasi Pemerintah Tahun 2002 Seri FR0010

03-Dec-02

15-Mar-10

13.15%

6 months

Obligasi Pemerintah Tahun 2002 Seri FR0011

03-Dec-02

15-May-10

13.15%

6 months

800,000,000,000

FR0012

Obligasi Pemerintah Tahun 2002 Seri FR0012

03-Dec-02

15-May-10

12.63%

6 months

1,703,141,000,000

4.

FR0013

Obligasi Pemerintah Tahun 2002 Seri FR0013

03-Dec-02

15-Sep-10

15.43%

6 months

4,630,601,000,000

5.

FR0014

Obligasi Pemerintah Tahun 2002 Seri FR0014

03-Dec-02

15-Nov-10

15.58%

6 months

1,185,947,000,000

6.

FR0015

Obligasi Pemerintah Tahun 2002 Seri FR0015

03-Dec-02

15-Feb-11

13.40%

6 months

5,597,938,000,000

7.

FR0016

Obligasi Pemerintah Tahun 2002 Seri FR0016

03-Dec-02

15-Aug-11

13.45%

6 months

4,118,937,000,000

8.

FR0017

Obligasi Pemerintah Tahun 2002 Seri FR0017

03-Dec-02

15-Jan-12

13.15%

6 months

8,128,063,000,000

9.

FR0018

Obligasi Pemerintah Tahun 2002 Seri FR0018

03-Dec-02

15-Jul-12

13.18%

6 months

5,835,062,000,000

10.

FR0019

Obligasi Pemerintah Tahun 2002 Seri FR0019

03-Dec-02

15-Jun-13

14.25%

6 months

11,848,341,000,000

11.

FR0020

Obligasi Pemerintah Tahun 2002 Seri FR0020

03-Dec-02

15-Dec-13

14.28%

6 months

11,366,341,000,000

12.

FR0021

Obligasi Negara RI Seri FR0021

27-Dec-02

15-Dec-10

14.50%

6 months

2,255,000,000,000

13.

FR0022

Obligasi Negara RI Seri FR0022

10-Apr-03

15-Sep-11

12.00%

6 months

7,115,000,000,000

14.

FR0023

Obligasi Negara RI Seri FR0023

11-Sep-03

15-Dec-12

11.00%

6 months

15,172,500,000,000

15.

FR0024

Obligasi Negara RI Seri FR0024

06-Nov-03

15-Oct-10

12.00%

6 months

4,330,000,000,000

16.

FR0025

Obligasi Negara RI Seri FR0025

29-Apr-04

15-Oct-11

10.00%

6 months

6,668,000,000,000

17.

FR0026

Obligasi Negara RI Seri FR0026

27-Aug-04

15-Oct-14

11.00%

6 months

13,632,000,000,000

18.

FR0027

Obligasi Negara RI Seri FR0027

28-Jan-05

15-Jun-15

9.50%

6 months

13,089,000,000,000

19.

FR0028

Obligasi Negara RI Seri FR0028

24-Feb-05

15-Jul-17

10.00%

6 months

10,100,000,000,000

20.

FR0030

Obligasi Negara RI Seri FR0030

20-May-05

15-May-16

10.75%

6 months

10,755,000,000,000

21.

FR0031

Obligasi Negara RI Seri FR0031

17-Jun-05

15-Nov-20

11.00%

6 months

11,469,000,000,000

22.

FR0032

Obligasi Negara RI Seri FR0032

06-Sep-05

15-Jul-18

15.00%

6 months

1,560,000,000,000

23.

FR0033

Obligasi Negara RI Seri FR0033

27-Jan-06

15-Mar-13

12.50%

6 months

9,945,000,000,000

24.

FR0034

Obligasi Negara RI Seri FR0034

27-Jan-06

15-Jun-21

12.80%

6 months

16,759,000,000,000

25.

FR0035

Obligasi Negara RI Seri FR0035

17-Feb-06

15-Jun-22

12.90%

6 months

11,025,000,000,000

26.

FR0036

Obligasi Negara RI Seri FR0036

20-Apr-06

15-Sep-19

11.50%

6 months

9,386,000,000,000

27.

FR0037

Obligasi Negara RI Seri FR0037

19-May-06

15-Sep-26

12.00%

6 months

2,450,000,000,000

28.

FR0038

Obligasi Negara RI Seri FR0038

25-Aug-06

15-Aug-18

11.60%

6 months

3,083,000,000,000

29.

FR0039

Obligasi Negara RI Seri FR0039

25-Aug-06

15-Aug-23

11.75%

6 months

4,175,000,000,000

30.

FR0040

Obligasi Negara RI Seri FR0040

22-Sep-06

15-Sep-25

11.00%

6 months

12,914,000,000,000

31.

FR0042

Obligasi Negara RI Seri FR0042

26-Jan-07

15-Jul-27

10.25%

6 months

14,426,000,000,000

32.

FR0043

Obligasi Negara RI Seri FR0043

23-Feb-07

15-Jul-22

10.25%

6 months

12,653,000,000,000

33.

FR0044

Obligasi Negara RI Seri FR0044

20-Apr-07

15-Sep-24

10.00%

6 months

14,079,000,000,000

34.

FR0045

Obligasi Negara RI Seri FR0045

25-May-07

15-May-37

9.75%

6 months

6,400,000,000,000

No.

CODE

1.

FR0010

2.

FR0011

3.

NAME

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Nominal Value (Rp)


9,891,678,000,000

Listing
Date

Maturity
Date

Obligasi Negara RI Seri FR0046

20-Jul-07

Obligasi Negara RI Seri FR0047

31-Aug-07

Obligasi Negara RI Seri FR0048

FR0049

39.
40.

Coupon

Coupon
Period

15-Jul-23

9.50%

6 months

16,855,000,000,000

15-Feb-28

10.00%

6 months

15,990,000,000,000

28-Sep-07

15-Sep-18

9.00%

6 months

5,691,000,000,000

Obligasi Negara RI Seri FR0049

15-Feb-08

15-Sep-13

9.00%

6 months

5,123,000,000,000

FR0050

Obligasi Negara RI Seri FR0050

25-Jan-08

15-Jul-38

10.50%

6 months

2,325,000,000,000

FR0051

Obligasi Negara RI Seri FR0051

16-Jan-09

15-May-14

11.25%

6 months

No.

CODE

35.

FR0046

36.

FR0047

37.

FR0048

38.

NAME

TOTAL FIXED RATE

Nominal Value (Rp)

2,525,000,000,000
327,055,549,000,000

VARIABEL RATE
Listing
Date

Maturity
Date

Coupon
Period

No.

CODE

1.

VR0016

Obligasi Pemerintah Tahun 1999 Seri VR0016

01-Feb-00

25-Jul-09

SBI 3 months

3 months

1,796,717,000,000

2.

VR0017

Obligasi Pemerintah Tahun 1999 Seri VR0017

25-Nov-02

25-Jun-11

SBI 3 months

3 months

1,504,666,000,000

3.

VR0018

Obligasi Pemerintah Tahun 1999 Seri VR0018

25-Nov-02

25-Oct-12

SBI 3 months

3 months

4,386,483,000,000

4.

VR0019

Obligasi Pemerintah Tahun 2002 Seri VR0019

03-Dec-02

25-Dec-14

SBI 3 months

3 months

13,856,226,000,000

5.

VR0020

Obligasi Pemerintah Tahun 2002 Seri VR0020

03-Dec-02

25-Apr-15

SBI 3 months

3 months

9,899,007,000,000

6.

VR0021

Obligasi Pemerintah Tahun 2002 Seri VR0021

03-Dec-02

25-Nov-15

SBI 3 months

3 months

7,546,328,000,000

7.

VR0022

Obligasi Pemerintah Tahun 2002 Seri VR0022

03-Dec-02

25-Mar-16

SBI 3 months

3 months

9,666,749,000,000

8.

VR0023

Obligasi Pemerintah Tahun 2002 Seri VR0023

03-Dec-02

25-Oct-16

SBI 3 months

3 months

8,652,056,000,000

9.

VR0024

Obligasi Pemerintah Tahun 2002 Seri VR0024

03-Dec-02

25-Feb-17

SBI 3 months

3 months

9,909,300,000,000

10.

VR0025

Obligasi Pemerintah Tahun 2002 Seri VR0025

03-Dec-02

25-Sep-17

SBI 3 months

3 months

6,909,300,000,000

11.

VR0026

Obligasi Pemerintah Tahun 2002 Seri VR0026

03-Dec-02

25-Jan-18

SBI 3 months

3 months

5,442,142,000,000

12.

VR0027

Obligasi Pemerintah Tahun 2002 Seri VR0027

03-Dec-02

25-Jul-18

SBI 3 months

3 months

5,442,142,000,000

13.

VR0028

Obligasi Pemerintah Tahun 2002 Seri VR0028

03-Dec-02

25-Aug-18

SBI 3 months

3 months

7,033,994,000,000

14.

VR0029

Obligasi Pemerintah Tahun 2002 Seri VR0029

03-Dec-02

25-Aug-19

SBI 3 months

3 months

12,212,320,000,000

15.

VR0030

Obligasi Pemerintah Tahun 2002 Seri VR0030

03-Dec-02

25-Dec-19

SBI 3 months

3 months

10,503,015,000,000

16.

VR0031

Obligasi Pemerintah Tahun 2002 Seri VR0031

03-Dec-02

25-Jul-20

SBI 3 months

3 months

25,322,354,000,000

17.

VR0032

Obligasi Negara RI Seri VR0032

18-Apr-08

25-Apr-11

SBI 3 months

3 months

5,000,000,000,000

NAME

Coupon

TOTAL VARIABEL RATE

Nominal Value (Rp)

145,082,799,000,000

ZERO COUPON
Listing
Date

Maturity
Date

Obligasi Negara RI Seri ZC0002

21-Sep-07

20-Sep-09

ZC0003

Obligasi Negara RI Seri ZC0003

23-Nov-07

ZC0004

Obligasi Negara RI Seri ZC0004

01-Feb-08

ZC0005

Obligasi Negara RI Seri ZC0005

01-Feb-08

20-Feb-13

No.

CODE

1.

ZC0002

2.
3.
4.

NAME

Coupon

Coupon
Period

2,709,000,000,000

20-Nov-12

1,470,000,000,000

20-Feb-10

5,887,000,000,000

Nominal Value (Rp)

1,385,000,000,000

TOTAL ZERO COUPON

11,451,000,000,000

RETAIL (ORI)
No.

CODE

NAME

Listing
Date

Maturity
Date

Coupon

Coupon
Period

Nominal Value (Rp)

1.

ORI001

Obligasi Negara RI Seri ORI001

10-Aug-06

09-Aug-09

12.05%

monthly

2,864,650,000,000

2.

ORI002

Obligasi Negara RI Seri ORI002

29-Mar-07

28-Mar-10

9.28%

monthly

6,219,200,000,000

3.

ORI003

Obligasi Negara RI Seri ORI003

13-Sep-07

12-Sep-11

9.40%

monthly

9,344,695,000,000

4.

ORI004

Obligasi Negara RI Seri ORI004

13-Mar-08

12-Mar-12

9.50%

monthly

13,425,765,000,000

5.

ORI005

Obligasi Negara RI Seri ORI005

04-Sep-08

15-Sep-13

11.45%

monthly

2,714,875,000,000

TOTAL RETAIL

34,569,185,000,000

TOTAL

518,158,533,000,000

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

GOVERNMENT SUKUK

SURAT BERHARGA SYARIAH NEGARA (SBSN)


No.

CODE

1.

IFR0001

2.

IFR0002

Listing
Date

Maturity
Date

Coupon

Coupon
Period

Surat Berharga Syariah Negara RI Seri IFR-0001

27-Aug-08

15-Aug-15

11.80%

6 months

2,714,700,000,000

Surat Berharga Syariah Negara RI Seri IFR-0002

27-Aug-08

15-Aug-18

11.95%

6 months

1,985,000,000,000

NAME

TOTAL ZERO COUPON

Nominal Value (Rp)

4,699,700,000,000

RETAIL
No.

CODE

3.

SR001

NAME
Sukuk Negara Ritel Seri SR-001

Listing
Date

Maturity
Date

Coupon

Coupon
Period

26-Feb-09

25-Feb-12

12.00%

monthly

Nominal Value (Rp)


5,556,290,000,000

TOTAL ZERO COUPON

5,556,290,000,000

TOTAL

10,255,990,000,000

INDONESIA TREASURY BILLS (SPN - SURAT PERBENDAHARAAN NEGARA)


No.
1.

CODE

NAME

SPN20090731 Surat Perbendaharaan Negara Seri SPN20090731

Listing
Date

Maturity
Date

Coupon

Coupon
Period

Nominal Value (Rp)

04-Aug-08

31-Jul-09

4,762,000,000,000

2.

SPN100114

Surat Perbendaharaan Negara Seri SPN20100114

16-Jan-09

14-Jan-10

5,500,000,000,000

3.

SPN100218

Surat Perbendaharaan Negara Seri SPN20100218

20-Feb-09

18-Feb-10

3,100,000,000,000

4.

SPN100311

Surat Perbendaharaan Negara Seri SPN20100311

13-Mar-09

11-Mar-10

2,900,000,000,000

5.

SPN100415

Surat Perbendaharaan Negara Seri SPN20100415

17-Apr-09

15-Apr-10

3,950,000,000,000

6.

SPN100513

Surat Perbendaharaan Negara Seri SPN20100513

15-May-09

13-May-10

2,600,000,000,000

7.

SPN100610

Surat Perbendaharaan Negara Seri SPN20100610

12-Jun-09

10-Jun-10

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

2,000,000,000,000

TOTAL ZERO COUPON

24,812,000,000,000

GRAND TOTAL

553,226,523,000,000

TRADING HIGHLIGHT
FR0010
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

4,000

12.5

3,200

10.0

2,400

7.5

1,600

5.0

800

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.139
9.236
24-Mar 25-Jun
9.296
6.406
9.076
5.993
9.155
6.105
WA1
2,788
1,943
Volume2
112.7% 78.6%
Turnover3
Modified Duration (Yrs): 10.099
Last
Date
High
Low

Q3

Q1-Q2 2009
Q4

9.758
6.073
24-Sep 30-Dec
6.349
9.840
9.540
6.036
6.144
9.679
1,824
3,369
73.8% 136.2%

Q1

Q2

9.395
27-Mar
9.577
9.395
9.464
401
16.2%

5.721
29-Jun
5.747
5.683
5.694
1,057
42.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0011
No Transaction in the Year of 2008 and Q1-Q2 2009
FR0012
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

3,500

10.0

2,800

8.0

2,100

6.0

1,400

4.0

700

2.0

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

Q4

Q1

Q2

7.035
6.380
6.377
7.149
6.492
7.040
26-Mar 24-Jun 29-Sep 22-Dec 25-Mar 26-Jun
7.081
6.517
7.362
6.415
7.149
6.377
6.309
6.410
7.009
6.162
6.585
6.986
6.584
6.342
7.070
7.303
6.362
6.817
WA1
1,298
1,164
3,087
1,755
514
945
Volume2
273.5% 725.0% 412.2% 304.9% 120.7% 222.0%
Turnover3
Modified Duration (Yrs): 24.181
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0013
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2,000

12.5

1,600

10.0

1,200

7.5

800

5.0

400

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

9.780
6.406
31-Mar 30-Jun
10.809
6.443
9.699
6.228
9.751
6.358
WA1
2
1,028
1,739
Volume
3
89%
150%
Turnover
Modified Duration (Yrs): 9.120
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.971
24-Sep
10.971
10.362
10.458
970
84%

23-Dec
6.265
1,030
89%

10.292
24-Mar
10.491
10.272
10.331
104
9%

6.295
29-Jun
6.365
6.237
6.281
687
59%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0014
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1,750

12.5

1,400

10.0

1,050

7.5

700

5.0

350

2.5

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

Q4

6.648
7.749
6.732
7.661
06-Mar 23-Jun 28-Aug 12-Nov
6.740
7.682
6.925
8.165
6.674
7.510
6.648
7.733
6.700
7.590
6.745
7.823
WA1
1,380
1,111
1,520
1,197
Volume2
465.3% 374.7% 512.7% 403.7%
Turnover3
Modified Duration (Yrs): 1.255
Last
Date
High
Low

Q1

Q2

6.923
20-Mar
6.936
6.923
6.924
22
7.3%

7.527
12-Jun
7.568
7.527
7.531
11
3.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

2,000

12.5

1,600

10.0

1,200

7.5

800

5.0

400

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

7.028
6.650
7.291
27-Mar 17-Jun 26-Sep
7.028
6.660
7.307
6.875
6.509
7.181
1
6.959
6.564
7.227
WA
1,625
1,768
1,479
Volume2
116.1% 126.4% 105.7%
Turnover3
Modified Duration (Yrs): 7.176
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

6.688
23-Dec
7.054
6.604
6.825
663
47.4%

7.126
24-Mar
7.254
7.126
7.179
490
35.0%

6.498
25-Jun
6.866
6.470
6.521
586
41.9%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0016
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

4,000

12.5

3,200

10.0

2,400

7.5

1,600

5.0

800

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.997
6.653
27-Mar 26-Jun
7.073
6.714
6.846
6.455
6.932
6.596
WA1
1,885
3,431
Volume2
183.1% 333.2%
Turnover3
Modified Duration (Yrs): 6.335
Last
Date
High
Low

Q3

Q1-Q2 2009
Q4

7.189
6.634
28-Jul 31-Dec
7.306
7.159
7.189
6.634
7.226
6.868
183
1,611
17.8% 156.5%

Q1

Q2

7.110
6.485
25-Mar 25-Jun
7.418
6.702
7.095
6.464
7.206
6.511
1,015
2,356
98.6% 228.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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)

Average
Yield (%)

TRADING MOVEMENT

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

6.132
8.655
31-Mar 24-Jun
6.375
8.744
6.026
8.254
6.066
8.546
WA1
5,819
4,035
Volume2
286%
199%
Turnover3
Modified Duration (Yrs): 5.839
Last
Date
High
Low

Q3

Q4

Q1

Q2

6.328
24-Sep
6.391
5.990
6.294
2,072
102%

8.710
23-Dec
9.745
8.636
9.104
2,635
130%

6.274
31-Mar
6.344
6.216
6.270
1,577
78%

8.311
25-Jun
8.722
8.251
8.363
2,683
132%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0018
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

4,000

12.5

3,200

10.0

2,400

7.5

1,600

5.0

800

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.171
8.623
31-Mar 04-Jun
6.177
8.732
5.964
8.080
1
6.030
8.567
WA
3,365
2,150
Volume2
230.7% 147.4%
Turnover3
Modified Duration (Yrs): 3.914
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.356
26-Sep
6.396
5.995
6.305
523
35.8%

8.637
24-Dec
9.704
8.632
9.019
120
8.2%

6.245
17-Mar
6.380
6.139
6.280
488
33.4%

8.311
30-Jun
8.732
8.180
8.394
580
39.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0019
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.085 10.123
28-Mar 27-Jun
6.385 10.581
5.909
9.043
5.964
9.909
WA1
8,155
4,409
Volume2
275.3% 148.9%
Turnover3
Modified Duration (Yrs): 12.746
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.261
24-Sep
6.300
5.905
6.199
2,076
70.1%

9.734
26-Dec
11.672
9.630
10.577
2,673
90.3%

6.147
24-Mar
6.283
5.976
6.164
371
12.5%

9.479
29-Jun
10.241
9.349
9.448
878
29.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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)

Average
Yield (%)

TRADING MOVEMENT

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

6.074 10.066
28-Mar 27-Jun
6.117 10.163
5.890
8.992
5.817
9.818
WA1
5,223
3,274
Volume2
183.8% 115.2%
Turnover3
Modified Duration (Yrs): 9.150
Last
Date
High
Low

Q3

Q4

Q1

Q2

6.239
26-Sep
6.379
5.886
6.192
2,263
79.7%

9.624
24-Dec
11.325
9.588
10.421
2,750
96.8%

6.136
24-Mar
6.339
6.113
6.193
416
14.6%

9.425
25-Jun
10.515
9.260
9.435
1,318
46.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0021
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2,000

12.5

1,600

10.0

1,200

7.5

800

5.0

400

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.165 10.164
28-Mar 26-Jun
6.165 10.214
6.072
9.768
1
6.092
10.088
WA
1,593
92
Volume2
283%
16%
Turnover3
Modified Duration (Yrs): 9.351
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.268
29-Aug
6.421
6.247
6.272
706
125%

10.019
31-Dec
10.982
10.015
10.623
1,047
186%

6.238
20-Mar
6.391
6.233
6.301
866
154%

9.971
16-Jun
10.349
9.948
9.988
999
177%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0022
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

9.238
5.954
8.646
6.009
8.957
5.840
24-Mar 30-Jun 23-Sep 31-Dec 30-Mar 29-Jun
9.199
5.971
8.681
6.050
9.423
6.525
8.465
5.748
9.042
5.777
8.835
5.798
8.539
5.891
9.178
6.160
9.016
5.852
WA1
4,376
5,755
6,965
6,623
7,805
7,602
Volume2
246.0% 323.5% 391.6% 372.3% 438.8% 427.4%
Turnover3
Modified Duration (Yrs): 9.372
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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)

Average
Yield (%)

TRADING MOVEMENT

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

5.693
9.003
31-Mar 27-Jun
7.073
9.199
5.572
8.470
5.620
8.716
WA1
6,734
3,956
Volume2
177.5% 104.3%
Turnover3
Modified Duration (Yrs): 30.036
Last
Date
High
Low

Q3

Q4

Q1

5.923
29-Sep
5.980
5.655
5.842
2,237
59.0%

8.394
8.779
5.801
30-Dec 31-Mar 30-Jun
5.920
8.935
10.823
7.984
5.699
8.304
9.178
5.821
8.496
3,605
9,290
4,305
95.0% 244.9% 113.5%

Q2

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0024
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1,750

12.5

1,400

10.0

1,050

7.5

700

5.0

350

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

8.010
6.174
27-Feb 23-Jun
8.010
6.194
7.938
6.029
1
7.976
6.123
WA
450
1,019
Volume2
42%
94%
Turnover3
Modified Duration (Yrs): 11.412
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.377
18-Sep
8.377
8.132
8.191
1,051
97%

6.128
17-Dec
6.401
6.115
6.247
1,569
145%

8.206
24-Mar
8.519
8.206
8.319
214
20%

5.970
24-Jun
6.034
5.970
6.001
363
34%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0025
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

7.694
5.774
7.482
5.860
7.521
5.638
31-Mar 27-Jun 25-Sep 31-Dec 30-Mar 25-Jun
7.815
5.738
7.534
5.909
7.797
6.247
7.181
5.635
7.398
5.707
7.496
5.592
7.360
5.790
7.616
5.955
7.610
5.641
WA1
3,326
5,646
2,992
2,794
2,180
3,636
Volume2
199.5% 338.7% 179.5% 167.6% 130.8% 218.1%
Turnover3
Modified Duration (Yrs): 11.885
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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)

Average
Yield (%)

TRADING MOVEMENT

10,000

12.5

8,000

10.0

6,000

7.5

4,000

5.0

2,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

7.957
6.184
8.129
28-Mar 27-Jun 24-Sep
7.994
6.412
8.366
7.558
5.773
7.534
7.652
6.105
7.996
WA1
8,392
3,128
6,248
Volume2
246.2% 91.8% 183.3%
Turnover3
Modified Duration (Yrs): 11.963
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

6.033
8.122
5.831
31-Dec 31-Mar 30-Jun
6.996
8.818
6.168
5.666
7.957
5.741
6.422
8.285
5.905
3,093
3,839
4,533
90.7% 112.6% 133.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0027
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30,000

12.5

24,000

10.0

18,000

7.5

12,000

5.0

6,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

5.590
8.901
5.806
8.415
5.691
7.982
28-Mar 30-Jun 26-Sep 30-Dec 31-Mar 30-Jun
5.925
8.436
5.590
9.644
5.878 11.056
5.159
7.735
5.355
7.467
5.410
7.737
1
4.590
8.701
5.707
8.962
5.708
8.071
WA
25,069 23,940 26,290
6,488
4,682
9,300
Volume2
766.1% 731.6% 803.4% 198.3% 143.1% 284.2%
Turnover3
Modified Duration (Yrs): 16.560
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0028
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12,500

12.5

10,000

10.0

7,500

7.5

5,000

5.0

2,500

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

5.841
8.267
28-Mar 26-Jun
5.862
8.385
5.140
7.327
5.686
5.931
WA1
7,277
9,689
Volume2
288%
384%
Turnover3
Modified Duration (Yrs): 3.756
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.141
29-Sep
6.216
5.653
6.083
7,955
315%

8.033
31-Dec
10.415
7.206
8.813
6,186
245%

5.997
30-Mar
6.510
5.532
5.993
9,239
366%

7.426
29-Jun
8.124
7.304
7.619
10,191
404%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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)

Average
Yield (%)

TRADING MOVEMENT

30,000

12.5

24,000

10.0

18,000

7.5

12,000

5.0

6,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.140
7.021
31-Mar 19-Jun
6.163
7.090
5.937
6.624
5.956
6.922
WA1
1,539
1,326
Volume2
57%
49%
Turnover3
Modified Duration (Yrs): 11.992
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.468
18-Sep
6.468
6.176
6.314
641
24%

6.745
30-Dec
7.969
6.206
7.073
1,233
46%

6.298
6.537
31-Mar 30-Jun
6.504
7.130
6.190
6.378
6.329
6.633
5,419 28,415
202% 1,057%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0031
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

7,500

12.5

6,000

10.0

4,500

7.5

3,000

5.0

1,500

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

6.348
6.624
6.562
6.869
6.451
6.674
31-Mar 27-Jun 29-Sep 31-Dec 31-Mar 30-Jun
6.882
7.043
6.348
7.291
6.623
8.691
5.845
6.519
5.912
6.351
6.094
6.265
1
6.129
6.790
6.476
7.618
6.444
6.810
WA
6,911
5,796
3,714
4,549
5,080
3,661
Volume2
241.0% 202.1% 129.5% 158.6% 177.2% 127.7%
Turnover3
Modified Duration (Yrs): 15.590
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0032
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1,250

12.5

1,000

10.0

750

7.5

500

5.0

250

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.005
8.985
18-Feb 13-Jun
6.007
8.985
5.977
8.751
5.993
8.828
WA1
46
171
Volume2
11.7% 43.8%
Turnover3
Modified Duration (Yrs): 4.028
Last
Date
High
Low

Q3

Q1-Q2 2009
Q4

6.324
8.644
25-Aug 18-Dec
6.371 10.720
6.320
8.631
6.349
9.791
124
1,091
31.8% 279.8%

Q1

Q2

6.263
25-Mar
6.746
6.263
6.518
350
89.7%

8.199
03-Jun
8.331
8.199
8.228
91
23.3%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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)

Average
Yield (%)

TRADING MOVEMENT

20,000

12.5

16,000

10.0

12,000

7.5

8,000

5.0

4,000

2.5

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

Q4

Q1

Q2

8.914
6.107
9.560
6.034
5.866
9.172
31-Mar 30-Jun 26-Sep 31-Dec 31-Mar 30-Jun
6.130
10.305
6.148
9.930
6.683 10.384
8.479
5.774
8.666
5.716
9.003
5.830
8.634
5.202
9.511
6.287
9.226
5.908
WA1
11,472 17,325
8,718 10,407
4,533
4,746
Volume2
461.4% 696.8% 350.6% 418.6% 182.3% 190.9%
Turnover3
Modified Duration (Yrs): 10.576
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0034
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25,000

12.5

20,000

10.0

15,000

7.5

10,000

5.0

5,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

5.944
9.912
26-Mar 26-Jun
5.994 10.539
5.600
8.164
1
5.499
9.622
WA
9,492
7,236
Volume2
227%
173%
Turnover3
Modified Duration (Yrs): 12.110
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.197
29-Sep
6.498
5.901
6.085
23,811
568%

9.207
30-Dec
13.611
8.499
10.504
16,101
384%

6.123
31-Mar
6.450
5.856
6.130
10,075
240%

9.104
30-Jun
10.205
8.703
9.230
7,495
179%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0035
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15,000

12.5

12,000

10.0

9,000

7.5

6,000

5.0

3,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

5.979
9.873
28-Mar 30-Jun
5.979 10.045
5.632
8.217
5.785
7.612
WA1
2,359
5,130
Volume2
86%
186%
Turnover3
Modified Duration (Yrs): 11.308
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.147
24-Sep
6.358
5.943
6.108
13,194
479%

9.236
30-Dec
13.668
9.068
11.423
11,769
427%

6.125
27-Mar
6.399
5.925
6.211
5,647
205%

9.204
26-Jun
9.970
8.798
9.231
2,826
103%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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
FR0036
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

17,500

12.5

14,000

10.0

10,500

7.5

7,000

5.0

3,500

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

8.059
5.565
8.139
5.957
9.291
5.816
28-Mar 27-Jun 26-Sep 30-Dec 30-Mar 30-Jun
9.900
6.307
8.720
6.337 10.315
6.927
8.059
5.564
8.139
5.778
8.735
5.680
8.376
6.078
9.197
6.511
9.342
5.811
WA1
1,280
1,315
6,344
8,323 11,607 14,896
Volume2
54.5% 56.0% 270.4% 354.7% 494.7% 634.8%
Turnover3
Modified Duration (Yrs): 9.013
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

750

12.5

600

10.0

450

7.5

300

5.0

150

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

9.156
6.164
28-Mar 06-May
9.278
6.170
8.368
5.976
1
8.680
6.123
WA
596
205
Volume2
97.3% 33.5%
Turnover3
Modified Duration (Yrs): 51.028
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.345
22-Aug
9.880
9.345
9.592
189
30.9%

5.927
22-Dec
6.660
5.927
6.576
97
15.8%

9.859
13-Feb
9.859
8.769
9.238
174
28.4%

5.978
30-Jun
6.035
5.817
5.859
77
12.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0038
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.762
6.602
27-Mar 27-Jun
6.825
6.625
6.447
6.025
6.545
6.464
WA1
5,004
3,101
Volume2
649%
402%
Turnover3
Modified Duration (Yrs): 8.768
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

7.132
23-Sep
7.217
6.511
7.088
732
95%

6.415
31-Dec
7.909
6.316
6.958
1,844
239%

6.958
23-Mar
7.247
6.742
7.059
1,731
225%

6.196
30-Jun
6.595
6.143
6.307
2,513
326%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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)

12

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0039
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

6.435
5.991
28-Mar 27-Jun
6.904
6.932
6.407
5.991
6.179
6.578
WA1
5,473
2,737
Volume2
524%
262%
Turnover3
Modified Duration (Yrs): 8.456
Last
Date
High
Low

Q3

Q4

Q1

Q2

6.464
26-Sep
7.377
6.464
7.027
479
46%

7.375
17-Dec
7.379
6.421
7.023
620
59%

7.104
27-Mar
7.549
6.926
7.043
234
22%

6.264
01-Jun
6.527
6.264
6.434
172
16%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0040
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

4,000

12.5

3,200

10.0

2,400

7.5

1,600

5.0

800

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

9.164
5.587
28-Mar 27-Jun
9.180
6.442
7.965
5.472
1
8.455
6.068
WA
3,491
1,381
Volume2
108.1% 42.8%
Turnover3
Modified Duration (Yrs): 13.244
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.195
26-Sep
10.021
7.923
9.295
419
13.0%

5.807
24-Dec
7.030
5.771
6.353
973
30.1%

9.224
27-Mar
10.355
8.660
9.289
1,090
33.8%

6.000
22-Jun
6.098
5.708
5.937
540
16.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0042
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

7,500

12.5

6,000

10.0

4,500

7.5

3,000

5.0

1,500

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

5.808
7.347
28-Mar 30-Jun
6.120
8.846
5.611
7.234
5.861
8.231
WA1
6,557
793
Volume2
182%
22%
Turnover3
Modified Duration (Yrs): 21.082
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

5.815
26-Sep
6.455
5.639
6.136
716
20%

8.322
30-Dec
11.046
8.157
9.206
743
21%

6.228
27-Mar
6.570
5.870
6.227
594
16%

8.261
30-Jun
8.917
7.440
8.073
886
25%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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
FR0043
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

3,500

12.5

2,800

10.0

2,100

7.5

1,400

5.0

700

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.046
7.378
31-Mar 30-Jun
6.046
8.677
5.329
7.137
5.808
8.131
WA1
3,009
1,754
Volume2
84.6% 49.3%
Turnover3
Modified Duration (Yrs): 7.448
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

5.842
26-Sep
6.383
5.532
6.132
1,557
43.8%

8.276
31-Dec
10.627
7.334
8.902
1,271
35.7%

6.164
27-Mar
6.638
5.655
6.140
1,259
35.4%

8.124
23-Jun
9.144
7.201
7.880
1,087
30.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0044
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30,000

12.5

24,000

10.0

18,000

7.5

12,000

5.0

6,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

8.019
5.513
28-Mar 30-Jun
8.751
6.185
8.019
5.513
1
8.272
5.873
WA
371
164
Volume2
10%
4%
Turnover3
Modified Duration (Yrs): 27.338
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.097
26-Sep
9.813
8.018
8.919
449
12%

5.931
30-Dec
6.879
5.510
6.518
596
16%

9.477
31-Mar
10.603
8.968
9.501
1,132
30%

5.901
30-Jun
6.130
5.201
5.856
28,761
774%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0045
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1,250

12.5

1,000

10.0

750

7.5

500

5.0

250

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.013
6.309
06-Mar 26-May
6.170
7.359
5.898
6.309
6.098
6.858
WA1
680
1,003
Volume2
43%
63%
Turnover3
Modified Duration (Yrs): 38.511
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.565
11-Sep
6.763
6.035
6.338
579
36%

6.961
30-Dec
8.602
6.233
7.493
569
36%

6.516
31-Mar
7.024
6.265
6.643
119
7%

7.010
30-Jun
7.576
6.789
7.018
93
6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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)

14

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
FR0046
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

17,500

12.5

14,000

10.0

10,500

7.5

7,000

5.0

3,500

2.5

Executed
Yield (%)*

Q1-Q2 2009

YEAR 2008
Q1

Q2

5.804
8.596
28-Mar 30-Jun
5.993
9.006
5.403
7.188
5.744
8.371
WA1
6,206 16,071
Volume2
147%
381%
Turnover3
Modified Duration (Yrs): 3.042
Last
Date
High
Low

Q3

Q4

Q1

Q2

6.260
26-Sep
6.357
5.552
6.144
10,219
243%

8.223
30-Dec
11.657
7.950
9.647
12,370
294%

6.189
30-Mar
6.560
5.527
6.185
5,651
134%

8.012
18-Jun
8.808
7.130
7.824
3,388
80%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0047
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

12,500

12.5

10,000

10.0

7,500

7.5

5,000

5.0

2,500

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.929
6.115
31-Mar 27-Jun
6.929
6.924
6.343
5.996
1
6.558
6.399
WA
3,361
5,262
Volume2
76%
120%
Turnover3
Modified Duration (Yrs): 10.877
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.617
26-Sep
7.672
6.442
7.046
12,076
275%

6.459
30-Dec
7.829
6.147
6.774
8,053
183%

7.131
30-Mar
7.585
6.301
7.084
4,334
99%

6.326
30-Jun
6.864
5.791
6.280
5,068
115%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0048
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

7,500

12.5

6,000

10.0

4,500

7.5

3,000

5.0

1,500

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

9.065
6.309
8.328
5.469
28-Mar 27-Jun 29-Sep 22-Dec
8.349
5.981
9.304
6.779
7.525
5.305
7.695
5.650
7.840
4.811
8.762
6.338
WA1
7,287
5,872
3,054
1,512
Volume2
512.1% 412.7% 214.6% 106.2%
Turnover3
Modified Duration (Yrs): 16.036
Last
Date
High
Low

Q1

Q2

8.515
27-Mar
9.758
8.020
8.816
677
47.6%

5.611
24-Jun
6.137
5.421
5.610
1,127
79.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


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
FR0049
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25,000

12.5

20,000

10.0

15,000

7.5

10,000

5.0

5,000

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

7.437
5.681
8.304
5.517
7.905
5.297
12-Feb 30-Jun 25-Sep 30-Dec 31-Mar 29-Jun
7.444
5.720
8.507
6.344
8.296
5.640
7.437
5.561
7.450
5.332
7.623
5.272
5.704
7.440
5.627
8.143
7.894
5.387
WA1
3 19,828 16,488
2,547
4,369
7,256
Volume2
0.3% 1,548.2% 1,287.3% 198.9% 341.1% 566.5%
Turnover3
Modified Duration (Yrs): 10.173
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0050
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2,000

12.5

1,600

10.0

1,200

7.5

800

5.0

400

2.5

Executed
Yield (%)*

YEAR 2008
Q1

Q2

6.104
7.730
25-Mar 25-Jun
6.104
8.887
5.859
7.713
1
5.911
8.740
WA
1,156
286
Volume2
140%
34%
Turnover3
Modified Duration (Yrs): 10.868
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.350
23-Sep
6.444
5.882
6.247
1,727
209%

9.576
07-Oct
9.576
9.574
9.575
20
2%

6.271
23-Mar
6.513
6.235
6.279
38
5%

8.344
29-Jun
8.569
7.631
8.364
448
54%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FR0051
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

5,000

12.5

4,000

10.0

3,000

7.5

2,000

5.0

1,000

2.5

Executed
Yield (%)*

YEAR 2008
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

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

Q1-Q2 2009
Q4

Q1

N/A
6.298
N/A 31-Mar
6.473
N/A
N/A
6.219
N/A
6.326
N/A
4,853
N/A 768.8%

Q2
6.570
30-Jun
6.846
6.496
6.657
4,182
663%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
VR0016
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

6.135
6.646
19-Mar 18-Jun
6.706
6.672
6.135
6.636
6.630
6.649
WA1
547
2,272
Volume2
121.7% 505.9%
Turnover3
Modified Duration (Yrs): 11.150
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

6.619
22-Jul
6.645
6.614
8.965
435
96.9%

6.846
17-Nov
6.905
6.563
6.655
198
44.0%

3.293
6.003
19-Jan 04-May
6.003
3.293
6.003
3.282
6.003
3.285
9
595
2.0% 132.5%

Q2

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0017
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q2

Q1

6.793
6.759
6.748
6.796
7.631
6.811
27-Mar 26-Jun 24-Sep 26-Dec 31-Mar 19-May
6.797
6.997
6.907
7.454
7.631
7.005
6.715
6.213
6.577
6.739
6.786
6.373
1
6.851
6.752
6.811
6.988
7.030
6.830
WA
3,011
3,255
3,917
1,387
2,022
440
Volume2
800.6% 865.3% 1,041.2% 368.7% 537.6% 116.9%
Turnover3
Modified Duration (Yrs): 13.999
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0018
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

250

12.5

200

10.0

150

7.5

100

5.0

50

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

5.897
5.880
11-Mar 09-Apr
5.899
5.880
5.254
5.880
5.823
5.880
WA1
220
150
Volume2
20.1% 13.7%
Turnover3
Modified Duration (Yrs): 206.644
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

5.873
06-Aug
5.880
5.857
5.866
160
14.6%

6.114
10-Dec
6.114
6.114
6.114
5
0.5%

Q1

Q2
-

5.942
17-Jun
5.955
5.800
5.886
122
11.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

17

TRADING HIGHLIGHT
VR0019
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

12,500

12.5

10,000

10.0

7,500

7.5

5,000

5.0

2,500

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

Q4

6.806
6.781
6.413
19-Mar 26-May 25-Sep
6.963
7.269
6.811
5.631
6.329
6.512
6.778
6.646
6.806
WA1
10,163
880
3,633
Volume2
293.4% 25.4% 104.9%
Turnover3
Modified Duration (Yrs): 14.171
Last
Date
High
Low

Q1

Q2

6.758
6.836
6.904
30-Dec 31-Mar 30-Jun
7.076
7.557
7.176
6.747
6.754
5.891
6.762
6.773
6.894
3,159
4,646
5,287
91.2% 134.1% 152.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0020
No Transaction in Year of 2008 and Q1 - Q2 2009
VR0021
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

6.247
17-Jan
6.247
6.246
6.246
WA1
100
Volume2
5%
Turnover3
Modified Duration (Yrs): 12.584
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4
-

Q1

Q2
-

6.319
24-Dec
6.324
6.319
6.321
30
2%

6.256
11-Jun
6.325
6.256
6.291
16
1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0022
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

35.0

Executed
Yield (%)**

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

Q4

6.665
04-Aug
6.665
6.665
6.665
30
1.2%

7.178
03-Dec
7.178
7.178
7.178
20
0.8%

Q1

Q2

12.5

28.0

10.0

21.0

7.5

14.0

5.0

7.0

2.5

0.0

WA1
Volume2
Turnover3
Modified Duration (Yrs): 8.818
Last
Date
High
Low

Q1-08

18

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
VR0023
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1,750

12.5

1,400

10.0

1,050

7.5

700

5.0

350

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

5.888
12-Feb
5.899
5.888
5.894
WA1
1,700
Volume2
78.6%
Turnover3
Modified Duration (Yrs): 14.367
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4
-

Q1

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0024
No Transaction in the Year of 2007 and Q1-Q2 2008
VR0025
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1.00

12.5

0.80

10.0

0.60

7.5

0.40

5.0

0.20

2.5

0.00

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

Q4
-

7.280
- 26-May
7.280
7.280
7.280
WA1
0.50
Volume2
0.0%
Turnover3
Modified Duration (Yrs): 9.273
Last
Date
High
Low

Q1
-

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0026
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

5.892
12-Feb
5.892
5.892
5.892
WA1
2
100
Volume
3
7.4%
Turnover
Modified Duration (Yrs): 14.373
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4
-

Q1
-

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

19

TRADING HIGHLIGHT
VR0027
No Transaction in the Year of 2007 and Q1-Q2 2008
VR0028
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10.00

12.5

8.00

10.0

6.00

7.5

4.00

5.0

2.00

2.5

0.00

Executed
Yield (%)

YEAR 2008
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 9.647
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4

6.862
15-Jul
6.862
6.862
6.862
8
0.4%

Q1
-

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0029
No Transaction in the Year of 2007 and Q1-Q2 2008
VR0030
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

12.50

12.5

10.00

10.0

7.50

7.5

5.00

5.0

2.50

2.5

0.00

Executed
Yield (%)

YEAR 2008
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4
-

Q1
-

Q2
-

7.039
13-Apr
7.039
7.039
7.039
10
0.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 (%)

1,000

12.5

800

10.0

600

7.5

400

5.0

200

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

WA1
Volume2
3
Turnover
Modified Duration (Yrs): 12.295
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

5.862
22-Aug
5.862
5.855
5.858
908
14.3%

5.865
10-Dec
5.867
5.865
5.866
192
3.0%

Q1

Q2
-

6.096
06-May
6.096
6.096
6.096
614
9.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

VR0032
No Transaction in the Year of 2007 and Q1-Q2 2008

20

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
ORI001
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

Executed
Yield (%)**

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

8.333
8.534
8.401
8.356
31-Mar 30-Jun 29-Sep 24-Dec
8.464
8.639
8.823
9.559
8.022
8.251
8.082
8.197
8.169
8.394
8.365
8.422
WA1
671
160
753
2,902
Volume2
93.6% 22.3% 105.2% 405.3%
Turnover3
Modified Duration (Yrs): 39.991
Last
Date
High
Low

Q1

Q2

7.910
30-Mar
8.600
7.881
7.947
446
62.3%

4.436
30-Jun
4.670
4.366
4.405
692
96.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ORI002
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

Executed
Yield (%)**

YEAR 2008
Q1

Q2

Q3

9.549
9.132
9.568
31-Mar 30-Jun 24-Sep
9.132
9.870 10.068
8.425
8.969
8.990
1
8.836
9.361
9.309
WA
2,752
4,683
3,202
Volume2
177.0% 301.2% 206.0%
Turnover3
Modified Duration (Yrs): 78.413
Last
Date
High
Low

Q1-Q2 2009
Q2

Q4

Q1

9.230
30-Dec
12.389
8.821
9.464
952
61.2%

9.117
9.054
31-Mar 30-Jun
10.143 10.158
8.955
8.874
9.122
9.003
1,247
2,007
80.2% 129.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 (%)

6,000

12.5

4,800

10.0

3,600

7.5

2,400

5.0

1,200

2.5

Executed
Yield (%)**

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

Q4

Q1

8.067
8.654
8.607
8.297
8.099
31-Mar 30-Jun 25-Sep 30-Dec 30-Mar
8.067
8.747
9.032 10.857
9.606
7.754
7.890
7.730
7.904
7.960
7.827
8.417
8.356
8.688
8.178
WA1
4,955
5,473
3,713
4,350
3,473
Volume2
212.1% 234.3% 158.9% 186.2% 148.6%
Turnover3
Modified Duration (Yrs): 149.655
Last
Date
High
Low

Q2
8.024
30-Jun
9.097
7.825
7.959
1,940
83.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

INDONESIA BOND MARKET DIRECTORY 2009


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
ORI004
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

Executed
Yield (%)**

YEAR 2008
Q1

Q2

8.038
8.526
31-Mar 30-Jun
8.101
9.253
7.914
7.943
7.691
8.423
WA1
3,759
7,992
Volume2
112.0% 238.1%
Turnover3
Modified Duration (Yrs): 174.706
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.688
29-Sep
9.189
8.007
8.423
2,301
68.6%

8.347
30-Dec
10.890
7.967
8.675
817
24.3%

8.263
31-Mar
9.778
7.938
8.299
1,973
58.8%

8.442
30-Jun
8.970
7.861
8.033
2,827
84.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ORI005
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1,250

12.5

1,000

10.0

750

7.5

500

5.0

250

2.5

Executed
Yield (%)**

YEAR 2008
Q1

Q2

Q3

9.851
N/A
N/A
N/A
N/A 29-Sep
N/A
N/A 10.153
N/A
N/A
9.471
1
N/A
N/A
9.510
WA
N/A
N/A
1,130
Volume2
N/A
N/A 166.6%
Turnover3
Modified Duration (Yrs): 249.896
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

9.481
30-Dec
11.478
9.338
10.411
263
38.7%

9.427
31-Mar
10.388
8.205
9.541
606
89.3%

9.227
30-Jun
10.279
8.863
9.233
143
21.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

IFR0001
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

400

12.5

320

10.0

240

7.5

160

5.0

80

2.5

Executed
Yield (%)

YEAR 2008
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): 7.205
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

7.108
23-Sep
7.108
6.929
6.939
28
4.2%

7.213
23-Dec
7.387
6.347
6.594
361
53.1%

6.889
27-Mar
7.945
6.811
6.937
259
38.2%

6.223
16-Jun
6.841
6.119
6.318
224
33.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

22

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
IFR0002
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

75.0

12.5

60.0

10.0

45.0

7.5

30.0

5.0

15.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 8.10
Last
Date
High
Low

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

Q1-Q2 2009

Q3

Q4

Q1

Q2

6.974
10-Sep
6.974
6.974
6.974
10
2.0%

6.420
16-Dec
6.434
6.393
6.416
52
10.5%

6.899
24-Mar
6.899
6.874
6.897
67
13.5%

6.279
08-Jun
6.391
6.238
6.309
38
7.7%

0.0

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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 (%)

2,500

12.5

2,000

10.0

1,500

7.5

1,000

5.0

500

2.5

Executed
Yield (%)**

YEAR 2008
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

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

Q1-Q2 2009
Q4

Q1

Q2

N/A
8.630
8.512
N/A 30-Mar 30-Jun
N/A
8.698
9.118
N/A
8.432
8.278
N/A
8.626
8.579
N/A
2,312
2,421
N/A 166.4% 174.3%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

23

This page is intentionally left blank

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


:
:
:
:
:

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

idABuilding Construction
www.adhi-karya.com
Kurnadi Gularso
Bank Mega Tbk
FINANCIAL HIGHLIGHT

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 eighth) 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.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

784,298
1,091,047
264,231
149,585
147,233
6,468
4,333,167
1,627,765
3,787,812
14,121
544,000
180,132
1,801
100
331,055
531,235

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

-53.47
35.35
119.59
-3.93
13.30
-69.27
18.28
44.71
19.47
10.62
16.09
9.99

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

4,973,867
4,516,924
495,456
204,362
291,094
-137,257
153,838
40,927
-1,310
111,601

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

33.50
34.95
15.55
0.12
26.39
-78.77
-20.35
-3.38
-15.44
-26.99

7.13
2.58
2.24
5.85

7.75
1.59
1.23
5.54

8.63
-38.27
-45.31
-5.33

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

AS OF JUNE 2009

No.

1.

2.

26

Code

Series Name

ADHI04

IV Tahun 2007

SMKADHI01

Sukuk Mudharabah I
Tahun 2007

Outstanding
(Rp Million)

375,000

125,000

Listing
Date

09-Jul-07

09-Jul-07

Maturity
Date

06-Jul-12

06-Jul-12

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

5 Years

Rating

Fixed: 11.00%

06-Jan-08
06-Apr-08
06-Jul-08
06-Oct-08

idA-

Nisbah of Revenue
Sharing: 76.39%

06-Jan-08
06-Apr-08
06-Jul-08
06-Oct-08

idA-(sy)

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
ADHI04
Trading Volume
(Rp Billion)

50.0

12.5

40.0

10.0

30.0

7.5

20.0

5.0

10.0

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

9.690
9.885
31-Mar 27-Mar
9.885
9.710
9.749
9.690
9.824
9.700
WA1
30.00
4.00
Volume2
32.0%
4.3%
Turnover3
Modified Duration (Yrs): 6.101
Last
Date
High
Low

Q3

Q4

9.748
22-Sep
10.376
9.728
10.073
11.00
11.7%

9.741
12-Dec
9.948
9.629
9.834
24.70
26.3%

Q1

Q2

10.483
16-Mar
10.708
9.588
9.810
14.00
14.9%

9.398
09-Jun
10.215
9.320
9.483
33.70
35.9%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

SMKADHI01
Trading Volume
(Rp Billion)

10.00

20.0

8.00

16.0

6.00

12.0

4.00

8.0

2.00

4.0

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

1
WA
Volume2
Turnover3
Modified Duration (Yrs): 4.788

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4
-

16.101
04-Dec
16.101
13.974
15.515
7.92
25.3%

Q1

Q2

15.615
13-Mar
16.223
15.615
15.922
8.59
27.5%

15.083
10-Jun
15.088
15.083
15.085
0.59
1.9%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
Code

No.

Low

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

ADHI04

9.629

10.376

9.834

70

0.22

18.59%

6.101

2.

SMKADHI01

13.974

16.101

15.515

0.02

6.34%

4.788

78

0.24

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
30

ADHI04

4 11

Q2-08

Q3-2008

Q4-2008

Outstanding

25
375

Outstanding

--

SMKADHI01 - 8
125

Outstanding
-

40

-80

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

120

160

200

240

280

320

360

400

27

ADMF ADIRA DINAMIKA MULTIFINANCE TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

PROFILE
Built on a strong willingness to become the best and highly reputable
company in consumer automotive financing sector, PT Adira Dinamika
Multi Finance Tbk (Adira Finance), which was established since 1990,
has become the largest multi-brand automotive financing companies in
Indonesia in terms of market share and total managed assets
In March 2004, Adira Finance conducted an initial public offering,
followed by the private placement, which allowed the transfer of 75.0%
share ownership held by former shareholders to Bank Danamon, one
of the largest national private banks, owned by Temasek Group from
Singapore. With the fully support from Bank Danamon, Adira Finance
continues to expand its business by creating competitive advantages
in order to be able to bring superior value to both consumers and
stakeholders.
In line with Adira Finances core competence in managing risk of retail
financing business, Adira Finance is concentrating more on the financing
of the high-yield assets. With sizable funding support from Bank
Danamon, also high professionalism and dedication, Adira Finance
currently are able to record new financing of above Rp 14 trillion, with
assets managed of Rp 17 trillion.
Adira Finance has established strong foundations to support its future
growth, including a wide business networks, strong organization
capabilities, reliable funding source and highly competent and loyal
employees. All of these efforts have brought a sense of pride and
affection to Adira Finance.
Meanwhile, learning from past experiences in going through challenging
and difficult conditions, Adira Finance continued to expand its wings
and developed a proper strategy by starting innovation in new financing
products and continuing to serve consumers who need to obtain financing
in acquiring motorcycle or car and strengthening its position as a multibrand automotive financing company. Such strategy has been proven
to be effective in line with the growth in automotive industry particularly
the growth in motorcycle and with the support of 14,000 employees
and above 300 business networks spread throughout many cities in
Indonesia, Adira Finance has strengthened its position to become the
leading companies in automotive consumer financing in Indonesia,
without the need to be affiliated with any particular brand.

28

ADDRESS
Graha Adira, 10th - 12th Fl.
Jl. Menteng Raya No. 21 Jakarta - 10340
Phone : (021) 391-8686, 392-4825 (hunting)
Fax : (021) 392-4827

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

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
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Million Rp except Par Value

Dec-2007

Dec-2008

376,313
30,927

474,195
15,540

Change %
26.01
-49.75

1,905,356

1,816,195

-4.68

88,116
176,620
3,301,818
145,833
37,081
2,077,205
4,000
400,000
100,000
1,000
100
1,124,613
1,224,613

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

-7.30
13.81
N/A
8.79
-100.00
506.41
-20.95
64.50
59.23

2,483,609
1,682,790
800,819

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

36.04
16.44
N/A
77.23

241,109
559,710

399,089
1,020,233

65.52
82.28

1.70
16.95
22.54
32.24

0.84
28.40
30.20
42.01

-50.36
67.55
33.99
30.28

INDONESIA BOND MARKET DIRECTORY 2009


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.

Series Name

Code

1.

II Tahun 2006 Seri B

ADMF02B

ADMF02C

2.

3.

90,000

III Tahun 2009 Seri A

ADMF03B

5.

90,000

II Tahun 2006 Seri C

ADMF03A

4.

Outstanding
(Rp Million)

46,000

III Tahun 2009 Seri B

ADMF03C

51,000

III Tahun 2009 Seri C

403,000

Listing
Date

09-Jun-06

09-Jun-06

14-May-09

14-May-09

14-May-09

Maturity
Date

08-Jun-10

4 Years

08-Jun-11

5 Years

18-May-10

1 Year 5
Days

13-May-11

13-May-12

2 Years

3 Years

Coupon
Payment
Date

Coupon
Structure

Issue
Term

Rating

Fixed: 14.50%

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

idAA-

Fixed: 14.60%

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

idAA-

Fixed: 12.55%

18-Aug-09
18-Nov-09
18-Feb-10
18-May-10

idAA-

Fixed: 13.55%

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

idAA-

Fixed: 14.60%

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

idAA-

TRADING HIGHLIGHT
ADMF02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

15.00

12.5

12.00

10.0

9.00

7.5

6.00

5.0

3.00

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

10.045 10.130
12-Mar 01-Apr
10.045 10.130
10.045 10.130
10.045 10.130
WA1
1.00
3.00
Volume2
3
4.4%
13.3%
Turnover
Modified Duration (Yrs): 8.132

Q4
-

Last
Date
High
Low

Q1

Q2
-

10.311
22-Jun
10.384
10.261
10.309
14.35
63.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ADMF02C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

20.00

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

Q1

Q4

Q2

12.5

16.00

10.0

12.00

7.5

8.00

5.0

4.00

2.5

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

10.408
18-May
10.465
10.408
10.447
19.00
84.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

29

ADMF03A
Trading Volume
(Rp Billion)

40.00

12.5

32.00

10.0

24.00

7.5

16.00

5.0

8.00

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q3

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

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

Q2

Q1

8.709
N/A
N/A 11-May
N/A
8.709
N/A
8.709
N/A
8.709
N/A
36.00
N/A 313.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

ADMF03B
No Transaction in Q2-2009
ADMF03C
Trading Volume
(Rp Billion)

7.50

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q1-Q2 2009

Q3

Q4

Q1

Q2

12.5

6.00

10.0

4.50

7.5

3.00

5.0

1.50

2.5

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

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

9.421
16-Jun
9.421
9.330
9.414
27.00
26.8%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

ADMF02B

10.045

10.130

10.130

0.01

4.44%

8.132

2.

ADMF02C

0.01

TOTAL

30

% of Total

Turnover
Ratio
(%)

TRADING VOLUME

INDONESIA BOND MARKET DIRECTORY 2009


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 - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

ADMF02B 1 3-Outstanding

90

--

90

--

ADMF02C
Outstanding
-

10

20

INDONESIA BOND MARKET DIRECTORY 2009


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

31

AGII
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

ANEKA GAS INDUSTRI


:
:
:
:
:

A3.id
Crude, Petroleum & Natural Gas Production
http://www.anekagas.com
Rachmat Harsono
Bank Mega Tbk

ADDRESS
Menara Anugrah 6th Floor, Kantor Taman E.3.3
Jl. Mega Kuningan Lot 8.6 - 8.7, Kawasan Mega Kuningan, Jakarta
Phone : (021) 5794-8880
Fax : (021) 5794-8881
FINANCIAL HIGHLIGHT

PROFILE
PT Aneka Gas Industri, which better known as Aneka Gas is an industrial
gases company with the largest network in Indonesia. Aneka Gas also
is the first industrial gases company in Indonesia. Founded by the
government under the Dutch colonization in 1916, Aneka Gas was
going through several changes in ownership. Following the Indonesia
independence, Aneka Gas was formally established by Indonesian
Government on the 21th September 1971. In 1996, a German based
multinational industrial gases company acquired majority shares of
Aneka Gas. And finally in 2004, Aneka Gas has become a privately
owned by a domestic investor and become a company funded through
domestic capital.
The core business of Aneka Gas is to produce and supply industrial
gases such as Oxygen, Nitrogen, Argon, Nitrous Oxide, Carbondioxide,
and many other gases thats has been used and serve to almost every
industry such as 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, mining, oil and gases, etc.

Million Rp except Par Value

Dec-2007

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

17,673
43,306
23,572
123,294
336,901
7,835
469,160
109,124
219,723
328,846
6,980
100,000
75,094
0.1
1
37,259
133,334

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

351.40
197.84
46.46
54.98
36.14
42.88
41.09
33.60
35.41
34.81
197.60
400.00
66.46
66.46
39.23
48.39

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

303,770
181,176
122,594
84,642
37,952
-23,842
14,110
2,948
-666
10,496

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

20.73
12.91
32.28
30.77
35.65
-16.39
68.20
169.75
-75.18
39.24

2.47
2.24
3.46
12.49

2.24
2.21
3.99
14.04

-9.15
-1.31
15.33
12.36

BALANCE SHEET

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

Change %

AS OF JUNE 2009

No.

1.

2.

32

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

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

5 Years

Rating
Result

Fixed: 14.5%

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

A3.id

Nisbah: 14.50%

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

A3.id

INDONESIA BOND MARKET DIRECTORY 2009


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)

60.0

15.0

48.0

12.0

36.0

9.0

24.0

6.0

12.0

3.0

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2

Q1

Q3

Q4

Q1

Q2
11.741
27-May
11.741
11.741
11.741
1.00
5.0%

N/A
N/A 11.640 11.590
N/A 23-Sep 13-Oct
N/A
N/A
N/A 11.757 11.593
N/A
N/A 11.635 11.590
N/A
N/A 11.689 11.592
WA1
N/A
N/A
53.00
2.00
Volume2
N/A
N/A 265.0% 10.0%
Turnover3
At the end of Year, Modified Duration (Yrs): 7.366
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1

Q2

Q3

Q4

Q1

Q2

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

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q3

Q2

Q1-Q2 2009
Q4

Q1

N/A
N/A 11.019 12.823
N/A 25-Sep 05-Dec
N/A
N/A 12.091 13.521
N/A
N/A
N/A 11.019 11.434
N/A 11.632 12.729
N/A
WA1
14.00
N/A
N/A
46.00
Volume2
N/A
N/A 115.0% 35.0%
Turnover3
At the end of Year, Modified Duration (Yrs): 5.792
Last
Date
High
Low

Q2

11.843
30-Mar
12.129
11.556
11.956
26.00
65.0%

11.552
15-Jun
11.827
11.154
11.585
19.40
48.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1

Q2

Q3

Q4

Q1

Q2

TRADING STATISTICS 2008


Executed Yield (%)
Bond Code

No.

Low

High

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

AGII01

11.590

11.757

11.592

55

0.17

68.75%

7.366

2.

SIKAGII01

11.019

13.521

12.729

60

0.19

37.50%

5.792

115

0.36

TOTAL

TRADING VOLUME BY ISSUE - YEAR 2008 (IN BILLION RP)


Q1-2008
AGII01 -

53

Q2-2008

SIKAGII01 -

Q4-2008

Outstanding

2
80

Outstanding

Q3-2008

46

--

14
160

Outstanding
-

20

40

INDONESIA BOND MARKET DIRECTORY 2009


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

33

AIRJ
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

THAMES PAM JAYA (QQ. AETRA AIR JAKARTA)


:
:
:
:
:

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

PROFILE
The company is a drinking water provider with 25 years concession
under cooperation agreement with PDAM DKI Jakarta (PAM JAYA).
Scopes of the cooperation are management, operation and maintenance,
as well as investment of optimizing, expanding and improving drinking
water service for community within eastern part of DKI Jakarta with
Ciliwung River as operational area boundary, comprising some part of
Central Jakarta, North Jakarta and the whole area of East Jakarta.

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

BALANCE SHEETS

Dec-2007

Dec-2008

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

145,872
117,000
19,100
294,585
479,588
1,331
1,003,361
85,838
713,803
799,641
176,500
87,191
25
3,530
-65,107
203,720

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

-18.00
3.23
19.26
5.16
13.38
-100.00
0.44
57.39
-9.90
-2.68
N/A
15.56
9.08
39.65
12.67

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

626,735
267,582
359,153
189,032
170,121
-64,716
105,405
42,557
62,848

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

12.27
12.66
11.98
16.42
7.05
N/A
84.19
37.41
N/A
115.87

3.93
6.26
10.03
27.14

3.39
13.46
19.28
25.88

-13.62
114.92
92.27
-4.65

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

34

Million Rp except Par Value

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

Series Name

AIRJ01A

1.

I Tahun 2008 Seri B

149,500

368,000

I Tahun 2008 Seri C

AIRJ01C

3.

97,000

I Tahun 2008 Seri A

AIRJ01B

2.

Outstanding
(Rp Million)

Listing
Date

14-Mar-08

14-Mar-08

14-Mar-08

Maturity
Date

13-Mar-11

13-Mar-13

13-Mar-15

Issue
Term

Coupon
Payment
Date

Coupon
Structure

3 Years

5 Years

7 Years

Rating

Fixed: 11.30%

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

A-(idn)

Fixed: 12.50%

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

A-(idn)

Fixed: 13.25%

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

A-(idn)

TRADING HIGHLIGHT
AIRJ01A
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

9.162
9.202
31-Mar 11-Apr
9.163
9.203
9.162
9.202
1
9.163
9.203
WA
2
20.00
20.00
Volume
82.5% 82.5%
Turnover3
Modified Duration (Yrs): 9.410
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

9.307
8.903
26-Sep 24-Dec
9.307 10.655
9.237
8.468
9.050
9.272
20.00
54.26
82.5% 223.8%

Q2
-

11.864
05-May
11.864
11.864
11.864
1.00
4.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

AIRJ01B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

35.0

12.5

28.0

10.0

21.0

7.5

14.0

5.0

7.0

2.5

Executed
Yield (%)

Q1

Q2

9.863
26-Mar
9.863
9.863
9.863
WA1
2.00
Volume2
5.4%
Turnover3
Modified Duration (Yrs): 3.597
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008

Q3

Q4

9.870
01-Sep
10.025
9.575
9.864
29.60
79.2%

9.863
03-Dec
9.863
9.467
9.690
11.40
30.5%

Q1
9.863
11-Mar
9.863
9.863
9.863
7.90
21.1%

Q2
10.248
24-Jun
10.248
9.628
9.902
14.35
38.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

35

AIRJ01C
Trading Volume
(Rp Billion)

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q1-Q2 2009

Q3

- 10.386 10.586
- 24-Jun 09-Sep
- 10.397 10.586
- 10.342 10.342
1
- 10.376 10.469
WA
2
8.00 106.00
Volume
8.7% 115.2%
Turnover3
Modified Duration (Yrs): 5.139
Last
Date
High
Low

Q4

Q1

Q2

10.419
18-Nov
11.608
10.417
11.176
53.00
57.6%

10.291
08-Aug
10.291
10.280
10.288
7.00
7.6%

10.889
26-Jun
11.388
10.566
10.969
38.00
41.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

AIRJ01A

8.468

10.655

9.050

2.

AIRJ01B

9.467

10.025

9.690

3.

AIRJ01C

10.342

11.608

11.176

Low

High

TOTAL

% of Total

Turnover
Ratio
(%)

114

0.36

117.79%

9.410

43

0.13

28.76%

3.597

167

0.52

45.38%

5.139

324

1.02

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
20

AIRJ01A

20

20

AIRJ01B

30

Q3-2008

Outstanding

--

11
150

Outstanding

AIRJ01C - 8

--

106

53
368

Outstanding
-

36

Q4-2008

54

97

Outstanding

Q2-2008

40

80

120

160

-200

240

280

320

360

400

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

37

APEX
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

APEXINDO PRATAMA DUTA TBK


:
:
:
:
:

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

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

PROFILE
PT Apexindo Pratama Duta Tbk is a national oil, gas and geothermal
drilling contractor. Its existing fleet of drilling units comprise of 4
submersible swamp barges, 2 jack-up rigs, and 7 onshore drilling rigs.
Apexindos new super premium jack up Soehanah and swampbarges
- Maera, Raisis, Raissa and Yani - are currently committed to long-term
contracts with Total E&P Indonesie in East Kalimantan, while the jackup Raniworo is presently undertaking its long term project in Sampang,
Madura with Santos.
All of the companys onshore rigs are located throughout Indonesia.
Apexindo acquired these land rigs in 2001, as a result of its merger with
PT Medco Antareja, a company specialized in onshore drilling services
that was established in 1983.
Apexindo human resources are highly skilled professionals. Our drillers
are certified by the International Well Control Forum. To maintain the
highest level of professionalism, we continuously provide both in-house
and outsource enhancement training.
The focus on Health, Safety and Environment (HSE) is also paramount
in our employees work culture. Our excellent safety record is like a
passport in obtaining new contracts. It allows the Company to gain entry,
also business confidence, in all areas of oil and gas drilling industry.
To maintain our high quality standard, the Company has gone through the
audit process for ISO 9001:2000 certification by applying strategies that
include improving business process management. These strategies are
not only serving as guidelines when conducting business; they also help
to assure focus and commitment to optimize performance. On November
2005, Apexindo has been awarded an ISO 9001:2000 certification for
successfully implementing the Quality Management System.

FINANCIAL HIGHLIGHT

BALANCE SHEETS

Dec-2007

Dec-2008

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

412,957
430,218
152,607
1,207,711
3,370,203
1,296
4,610,420
464,891
1,938,061
2,402,952
3,000,000
1,316,833
2,634
500
1,012,825
2,207,468

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

32.11
15.36
34.76
19.15
7.41
15.07
11.50
131.74
-35.41
-3.07
N/A
0.96
0.96
34.77
27.36

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

1,884,007
1,165,795
718,213
86,816
631,397
-197,998
433,399
110,306
323,093

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

43.79
44.41
42.78
63.95
39.87
-108.02
8.73
-59.39
N/A
31.99

1.09
7.01
17.15
33.51

0.83
8.30
15.74
32.60

-23.90
18.38
-8.21
-2.73

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

38

Million Rp except Par Value

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

1.

2.

3.

Series Name

APEX01A

I Tahun 2005

APEX01B

Syariah Ijarah I Tahun


2005

APEX02A

4.

Outstanding
(Rp Million)

510,000

240,000

II Tahun 2009 Seri A

APEX02B

300,000

II Tahun 2009 Seri B

300,000

Listing
Date

11-Apr-05

11-Apr-05

22-Jun-09

22-Jun-09

Maturity
Date

08-Apr-10

08-Apr-10

19-Jun-12

19-Jun-14

Issue
Term

5 Years

5 Years

3 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 12.25%

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

idA+

Ijarah Fee
Rp29,400,000,000 p.a

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

idA+(sy)

Fixed: 13.9%

19-Sep-09
19-Dec-09
19-Mar-10
19-Jun-10

idA+

Fixed: 15%

19-Sep-09
19-Dec-09
19-Mar-10
19-Jun-10

idA+

5 Years

TRADING HIGHLIGHT
APEX01A
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 (%)

YEAR 2008
Q1

Q2

Q3

10.505 10.553 10.235


31-Mar 19-Jun 23-Sep
10.974 10.553 10.458
10.166
9.987 10.116
1
10.321
10.274
10.334
WA
2
212.80
151.60
244.50
Volume
166.9% 118.9% 191.8%
Turnover3
Modified Duration (Yrs): 5.061
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

10.488
18-Dec
11.293
10.287
10.508
77.70
60.9%

10.515 10.486
24-Mar 29-Jun
11.929 11.194
10.243 10.005
10.451 10.399
75.50 199.47
59.2% 156.5%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

APEX01B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

Executed
Yield (%)

Q1

Q2

10.343 10.430
26-Mar 04-Jun
10.515 10.430
10.185 10.135
10.330 10.154
WA1
21.40
9.35
Volume2
35.7% 15.6%
Turnover3
Modified Duration (Yrs): 6.599
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q3

Q4

Q1

Q2

10.192
26-Aug
10.270
10.062
10.215
12.85
21.4%

11.408
05-Dec
11.605
10.309
10.816
11.37
19.0%

10.263
19-Mar
11.406
10.223
10.961
13.50
22.5%

10.241
26-Jun
10.382
10.075
10.254
50.55
84.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

39

APEX02A
Trading Volume
(Rp Billion)

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

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

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

Q1-Q2 2009

Q3

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

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

11.514
22-Jun
11.514
11.514
11.514
7.72
10.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

APEX02B
Trading Volume
(Rp Billion)

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

YEAR 2008

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): N/A
Last
Date
High
Low

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

Q1-Q2 2009

Q3

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

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

12.144
25-Jun
12.154
12.058
12.130
5.00
6.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

APEX01A

2.

APEX01B

Low

High

9.987

11.293

10.508

10.062

11.605

10.816

% of Total

Turnover
Ratio
(%)

2.15

134.63%

5.061

55

0.17

22.90%

6.599

742

2.32

TRADING VOLUME
(Billion Rp)
687

TOTAL

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
APEX01A

Q2-2008

213

Q3-2008

152

Outstanding

Q4-2008

Outstanding

245

78
--

510

APEX01B 21 13

40

--

240

Outstanding
80

160

240

320

400

480

560

640

720

800

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

41

APOL ARPENI PRATAMA OCEAN LINE TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

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

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

FINANCIAL HIGHLIGHT

PROFILE
PT Arpeni Pratama Ocean Line Tbk. was incorporated in 1975. It began
operating in carrying plywood and has grown and expanded its business
activities to diversify shipping services for a range of dry bulk cargo,
general cargo and liquid cargo, as well as agency services, stevedoring,
chartering-out of vessels and ship management services.
With its comprehensive fleets, comprising Capesize, Panamax and
Handysize bulk carriers, tugboats, barges and floating cranes, Arpeni
has the capacity to provide its end-to-end logistic solution services. It
is now an Indonesias leading provider of maritime coal transportation
services, particularly to the Indonesian coal-fired power plants, which
are, among others, Suralaya Power Plant, the largest power plant in
Indonesia, and to Tanjung Jati B Power Plant. We have been awarded
by PT PLN (Persero) Pembangkitan Tanjung Jati B a contract of Coal
Shipping and Jetty Management Services at Tanjung Jati B coal steam
fired Power Plant for a period of 15 years.
In September 2008, the Company received the delivery of one unit of
Capesize bulk carrier with the capacity of about 150 thousand dwt. By
the operation of this vessel, Arpeni now becomes the only Indonesian
shipping company that owns a Capesize bulk carrier in the country.
As of December 31, 2008, Arpeni operated 77 wholly-owned vessels
of 937,041 dwt in total capacity (excluding tugs and floating cranes).
They comprised of ten bulk carriers, three general cargo vessels, three
tankers, one LPG carrier, 27 tug boats, 23 barges, nine floating cranes
and one crew boat.
Almost all of the Companys fleet are Indonesian flagged. It is an
advantage for the Company to support cabotage implementation and to
enrich the development of national maritime transportation

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

438,521
806,372
49,444
1,570,099
2,571,935
177,663
4,930,022
908,598
2,509,220
3,417,818
16,349
1,000,000
749,651
2,999
250
553,628
1,495,856

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
1,607,669

34.63
98.29
-21.61
71.67
28.41
30.36
47.96
132.55
41.22
65.50
84.64
-3.63
7.47

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

1,617,553
1,072,895
544,658
116,114
428,544
-176,848
251,697
23,710
-3,428
223,264

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

58.89
60.94
54.83
27.34
62.28
-265.22
-76.53
52.66
-277.75
-95.56

2.28
4.53
13.80
26.49

3.52
0.14
0.39
27.06

53.99
-97.00
-97.20
2.14

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

2.

42

Code

APOL02A

APOL02B

Series Name

II Tahun 2008 Seri A

II Tahun 2008 Seri B

Outstanding
(Rp Million)

276,000

324,000

Listing
Date

19-Mar-08

19-Mar-08

Maturity
Date

18-Mar-13

18-Mar-15

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

7 Years

Rating

Fixed: 12.00%

18-Jun-08
18-Sep-08
18-Dec-08
18-Mar-09

idA

Fixed: 12.50%

18-Jun-08
18-Sep-08
18-Dec-08
18-Mar-09

idA

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
APOL02A
Trading Volume
(Rp Billion)

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2

Q1

Q1-Q2 2009

Q3

Q4

10.037 10.143 10.474


19-Mar 03-Apr 26-Sep
10.037 10.143 10.474
10.037 10.143
9.493
10.037 10.143 10.192
WA1
5.50
3.00 126.00
Volume2
8.0%
4.3% 182.6%
Turnover3
Modified Duration (Yrs): 8.509

12.201
24-Dec
12.739
9.994
10.246
20.20
29.3%

Last
Date
High
Low

Q1

Q2

9.883
14-Jan
10.037
9.883
9.888
7.80
11.3%

10.368
24-Jun
13.124
10.050
10.374
23.70
34.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

APOL02B
Trading Volume
(Rp Billion)

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q3

Q2
-

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

Q1-Q2 2009
Q4
-

Q1
-

Q2
-

10.552
10-Jun
10.556
10.552
10.552
99.25
122.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

APOL02A

9.493

12.739

10.246

155

0.48

56.05%

8.509

2.

APOL02B

155

0.48

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
APOL02A 6 3

Q2-2008

126

Q3-2008

Q4-2008

Outstanding

20

Outstanding

276

--

APOL02B Outstanding

324
-

35

70

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

105

140

-175

210

245

280

315

350

43

ASDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

ASTRA SEDAYA FINANCE


:
:
:
:
:

ADDRESS
Jl. T.B Simatupang No. 90, Tanjung Barat
Jagakarsa, Jakarta - 12530
Phone : (021) 788-59000
Fax : (021) 7885-1182

idAAFinancial Institution
http://www.AutoCybercenter.com
Daniel Sutanto
Bank Rakyat Indonesia (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
Incorporated in Jakarta at 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 maximally 25 % of the associated companies. To date
the associated companies in the ACC include the following:
1. PT Swadharma Bhakti Sedaya Finance, an associated company
between ASF and Dana Pensiun Bank Negara Indonesia, PT
Sedaya Pratama and PT Sedaya Multi Investama.
2. PT Pratama Sedaya Finance (formerly known as PT Estika
Sedaya Finance), an associated company between ASF and PT
Sedaya Pratama.
3. PT Staco Estika Sedaya Finance (formerly known as Stacomitra
Sedaya Finance), an associated company between ASF and Dana
Pensiun Bank Mandiri Dua, PT Sedaya Pratama and Yayasan
Kesejahteraan Bumi Daya.
4. PT Astra Auto Finance, an associated company between ASF
and PT Astra International Tbk, PT Astra Daihatsu Motor, Toyota
Tsusho Corporation and PT Tjahja Sakti Motor Corporation.

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
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Million Rp except Par Value

Dec-2007

Dec-2008

217,168
49,809

330,270
95,315

Change %
52.08
91.36

6,224,683

6,178,345

-0.74

94,675
121,589
317
7,444,148
3,652,266
65,499
6,065,547
200
200,000
112,830
113
1,000
1,235,389
1,378,601

101,070
126,131
317
8,438,606
344,703
57,586
6,855,887
200
200,000
112,830
113
1,000
1,439,507
1,582,719

6.75
3.74
13.36
-90.56
-12.08
13.03
0.00
16.52
14.81

1,623,191
1,211,863
411,328

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

-1.93
-10.67
N/A
23.85

126,405
284,923

155,455
353,975

22.98
24.24

4.40
3.83
17.55
25.34

4.33
4.19
22.24
32.00

-1.55
9.59
26.67
26.28

AS OF JUNE 2009

No.

1.

2.

44

Code

Series Name

ASDF06K

VI Tahun 2005 Seri K


Amortisasi

ASDF07F

VII Tahun 2006 Seri F

Outstanding
(Rp Million)

100,000

50,000

Listing
Date

25-Feb-05

14-Jun-06

Maturity
Date

24-Feb-10

13-Dec-09

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

42 Months

Rating

Fixed: 11.00%

24-Feb-08
24-May-08
24-Aug-08
24-Nov-08

idAA-

Fixed: 14.20%

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

idAA-

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

No.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

Code

Series Name

ASDF08D

ASDF08E

ASDF08F

ASDF08G

ASDF09B

ASDF09C

ASDF09D

ASDF09E

ASDF09F

ASDF10A

VIII Tahun 2007 Seri D

VIII Tahun 2007 Seri E

VIII Tahun 2007 Seri F

VIII Tahun 2007 Seri G

IX Tahun 2008 Seri B

IX Tahun 2008 Seri C

IX Tahun 2008 Seri D

IX Tahun 2008 Seri E

IX Tahun 2008 Seri F

X Tahun 2009 Seri A

Outstanding
(Rp Million)

35,000

200,000

200,000

200,000

128,000

133,000

68,000

145,000

221,000

372,000

Listing
Date

29-Jun-07

29-Jun-07

29-Jun-07

29-Jun-07

10-Mar-08

10-Mar-08

10-Mar-08

10-Mar-08

10-Mar-08

03-Apr-09

Maturity
Date

28-Dec-09

28-Jun-10

28-Dec-10

28-Jun-11

06-Sep-09

06-Mar-10

06-Sep-10

06-Mar-11

06-Sep-11

07-Apr-10

Issue
Term

30 Months

36 Months

42 Months

48 Months

18 Months

24 Months

30 Months

36 Months

42 Months

12 Months

Coupon
Structure

Coupon
Payment
Date

Rating

Fixed: 9.80%

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

idAA-

Fixed: 10.10%

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

idAA-

Fixed: 10.30%

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

idAA-

Fixed: 10.35%

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

idAA-

Fixed: 9.125%

06-Dec-08
06-Mar-09
06-Jun-09
06-Sep-09

idAA-

Fixed: 9.625%

06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09

idAA-

Fixed: 9.875%

06-Dec-08
06-Mar-09
06-Jun-09
06-Sep-09

idAA-

Fixed: 10.125%

06-Jun-08
06-Sep-08
06-Dec-08
06-Mar-09

idAA-

Fixed: 10.30%

06-Dec-08
06-Mar-09
06-Jun-09
06-Sep-09

idAA-

Fixed: 13.50%

07-Jul-09
07-Oct-09
07-Jan-10
07-Apr-10

idAA-

idAA-

13.

ASDF10B

X Tahun 2009 Seri B

134,000

03-Apr-09

02-Oct-10

18 Months

Fixed: 13.83%

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

14.

ASDF10C

X Tahun 2009 Seri C

50,000

03-Apr-09

02-Apr-11

24 Months

Fixed: 14.56%

02-Jul-09
02-Oct-09
02-Jan-10
02-Apr-10

idAA-

Fixed: 14.90%

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

idAA-

15.

ASDF10D

X Tahun 2009 Seri D

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

84,000

03-Apr-09

02-Oct-11

30 Months

45

No.

Code

16.

Series Name

ASDF10E

Outstanding
(Rp Million)

X Tahun 2009 Seri E

260,000

Listing
Date

03-Apr-09

Maturity
Date

02-Apr-12

Issue
Term

Coupon
Payment
Date

Coupon
Structure

36 Months

Rating

02-Jul-09
02-Oct-09
02-Jan-10
02-Apr-10

Fixed: 14.90%

idAA-

TRADING HIGHLIGHT
ASDF06K
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 (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

7.942
- 17-Apr
7.942
7.757
7.842
WA1
0.50
Volume2
2.0%
Turnover3
Modified Duration (Yrs): 9.406
Last
Date
High
Low

Q3

Q4

Q1

8.173
17-Sep
8.173
8.173
8.173
4.05
16.2%

8.349
04-Dec
8.351
7.725
8.254
13.05
52.2%

Q2
-

8.018
05-Jun
8.018
8.018
8.018
2.00
8.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF07F
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

10.277 10.574
21-Feb 28-May
10.277 10.577
10.277 10.574
10.277 10.576
WA1
1.00
58.00
Volume2
8.0% 464.0%
Turnover3
Modified Duration (Yrs): 7.438
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

10.578
22-Sep
10.775
10.525
10.581
3.60
28.8%

10.573
15-Dec
13.077
10.460
10.993
9.00
72.0%

Q1

Q2

10.176 10.525
13-Feb 19-May
10.176 10.614
10.176 10.525
10.176 10.562
5.00
0.40
3.2% 40.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF08D
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

30.0

12.5

24.0

10.0

18.0

7.5

12.0

5.0

6.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

9.425
27-Feb
9.427
9.420
9.424
WA1
15.00
Volume2
171.4%
Turnover3
Modified Duration (Yrs): 10.026
Last
Date
High
Low

Q3
-

Q1-Q2 2009
Q4

9.549
28-Jul
9.770
9.549
9.658
28.00
320.0%

Q1
-

9.310
15-Jan
9.310
9.310
9.310
5.00
57.1%

Q2
-

Q1-08

46

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

ASDF08E
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

9.697
15-Jan
9.697
9.693
9.695
WA1
2
10.00
Volume
20.0%
Turnover3
Modified Duration (Yrs): 4.874
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.816
17-Sep
10.024
9.815
9.893
16.00
32.0%

10.187
15-Dec
10.187
10.184
10.186
12.00
24.0%

Q1

Q2
-

9.805
29-Jun
9.810
9.734
9.794
39.00
78.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF08F
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 (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

Q4

9.979 11.031
9.806
9.979
21-Feb 19-Jun 17-Sep 17-Dec
9.916 10.523 10.107 11.031
9.806
9.933
9.978
9.785
9.810 10.110 10.038 10.243
WA1
48.10 114.35
50.56
74.12
Volume2
96.2% 228.7% 101.1% 148.2%
Turnover3
Modified Duration (Yrs): 4.50
Last
Date
High
Low

Q1

Q2

10.624 10.240
19-Mar 28-May
10.624 10.787
10.481 10.240
10.523 10.518
48.66
40.66
97.3% 81.3%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF08G
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25.0

12.5

20.0

10.0

15.0

7.5

10.0

5.0

5.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

9.954
24-Jan
9.956
9.954
1
9.955
WA
4.00
Volume2
8.0%
Turnover3
Modified Duration (Yrs): 7.058
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4
-

10.904
26-Aug
10.907
10.084
10.548
24.00
48.0%

Q1

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

47

ASDF09B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

6.00

12.5

4.80

10.0

3.60

7.5

2.40

5.0

1.20

2.5

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

7.485
7.515
06-Mar 02-Jun
7.515
7.485
7.485
7.515
7.485
7.515
WA1
2
5.00
0.35
Volume
1.1%
15.6%
Turnover3
Modified Duration (Yrs): 10.537

Q4
-

Last
Date
High
Low

7.655
24-Dec
7.780
7.538
7.681
2.45
7.7%

Q1

Q2

7.442
18-Feb
7.518
7.442
7.488
1.00
3.1%

5.722
18-Jun
5.724
5.722
5.723
2.08
6.5%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF09C
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

7.828
8.450
- 02-Jun 22-Sep
7.828
8.450
7.828
7.825
7.828
7.890
WA1
5.35
45.00
Volume2
16.1% 135.3%
Turnover3
Modified Duration (Yrs): 10.439
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2
-

8.115
24-Dec
8.520
8.040
8.396
7.41
22.3%

7.750
17-Jun
7.753
7.750
7.751
11.00
33.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF09D
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

8.606
7.978
- 02-Jun 22-Sep
7.978
8.606
7.978
7.975
1
7.978
8.057
WA
0.35
37.00
Volume2
2.1% 217.6%
Turnover3
Modified Duration (Yrs): 10.227
Last
Date
High
Low

Q1-Q2 2009
Q4
8.022
24-Dec
8.684
8.022
8.422
9.41
55.4%

Q1

Q2

8.209
8.089
18-Mar 19-May
8.321
8.250
8.209
8.089
8.279
8.209
16.00
4.00
94.1% 23.5%

Q1-08

48

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

ASDF09E
No Transaction in 2008 and Q1-Q2 2009
ASDF09F
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 9.975
Last
Date
High
Low

Q3
-

Q1-Q2 2009
Q4

8.226
30-Jun
8.226
8.226
8.226
12.00
21.7%

Q1
-

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF10A
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

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
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
11.356
29-Jun
11.356
11.011
11.211
68.30
73.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF10B
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

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
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
12.971
16-Jun
12.971
12.971
12.971
1.00
3.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ASDF10C
No Transaction in Q2-2009
ASDF10D
No Transaction in Q2-2009

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

49

ASDF10E
Trading Volume
(Rp Billion)

2.50

15.0

2.00

12.0

1.50

9.0

1.00

6.0

0.50

3.0

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

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

Q1-Q2 2009

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 13.567
N/A 19-May
N/A 13.567
N/A 13.526
N/A 13.546
N/A
2.00
N/A
3.1%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)

TRADING VOLUME

Code

1.

ASDF06K

7.725

8.351

8.254

18

0.06

17.60%

9.406

2.

ASDF07F

10.277

13.077

10.993

72

0.22

143.20%

7.438

3.

ASDF08D

9.420

9.770

9.658

43

0.13

122.86%

10.026

4.

ASDF08E

9.693

10.187

10.186

38

0.12

19.00%

4.874

5.

ASDF08F

9.785

11.031

10.243

287

0.90

143.57%

4.500

6.

ASDF08G

9.954

10.907

10.548

28

0.09

14.00%

7.058

7.

ASDF09B

7.485

7.780

7.681

0.02

6.09%

10.537

8.

ASDF09C

7.825

8.520

8.396

58

0.18

43.43%

10.439

High

% of Total

Modified
Duration (Yrs)
End of Year

No.

Low

(Billion Rp)

Turnover
Ratio
(%)

9.

ASDF09D

7.975

8.684

8.422

47

0.15

68.76%

10.227

10.

ASDF09E

11.

ASDF09F

8.226

8.226

8.226

12

0.04

5.43%

9.975

610

1.91

TOTAL

50

INDONESIA BOND MARKET DIRECTORY 2009


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 - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

ASDF06K - 14 13
Outstanding

--

100

ASDF07F

58

4 9
--

50

Outstanding

ASDF08D

15

Outstanding

ASDF08E

10

28
35

--

16

12

Outstanding

--

200

ASDF08F

48

114

Outstanding

ASDF08G -4

74

51

200

--

200

--

24

Outstanding

ASDF09B
Outstanding

--

128

ASDF09C - 5

45

--

133

Outstanding

ASDF09D Outstanding

37

--

68

ASDF09E -Outstanding

--

145

ASDF09F - 12
Outstanding

--

221
-

30

60

INDONESIA BOND MARKET DIRECTORY 2009


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

51

BASS BAHTERA ADIMINA SAMUDRA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Total Building 8th - 9th Fl.
Jl. 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-2007

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

145
734
1,085
245,361
3,298
250,829
238,023
11,825
249,848
650,000
175,653
1,757
100
-191,258
980

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

-30.92
-100.00
N/A
-41.28
-29.68
-28.82
18.74
-29.79
16.44
N/A
-59.28
N/A

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

3,902
-3,902
-79,818
-83,720
-1,430
-82,290

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

N/A
N/A
N/A
-12.87
12.87
-22.68
-21.02
N/A
N/A
-37.77

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

254.88
-32.81
N/A
N/A

-2.59
-63.50
N/A
N/A

N/A
-93.57
N/A
N/A

BALANCE SHEETS

Change %

AS OF JUNE 2009

No.

1.

52

Code

BASS01XXBFTW

Series Name

I Tahun 2000

Outstanding
(Rp Million)

75,000

Listing
Date

12-Jun-00

Maturity
Date

05-Jun-10

Issue
Term

5 Years

Coupon
Structure

Coupon
Payment
Date

05-Mar-08
Year 1: 15.00%; Year 2- 05-Jun-08
5: 16.00%
05-Sep-08
05-Dec-08

Rating

N.A

INDONESIA BOND MARKET DIRECTORY 2009


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
No Transaction in Year of 2008 and Q1-Q2 2009
TRADING STATISTICS 2008
Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BASS01XXBFTW

Low

High
-

TRADING VOLUME
(Billion Rp)

TOTAL

% of Total

0.0

0.000

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

BASS01XXBFTW 75

Outstanding
-

10

20

INDONESIA BOND MARKET DIRECTORY 2009


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

53

BBIA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK UOB BUANA TBK


:
:
:
:
:

ADDRESS
Jl. Gajah Mada No. 1A
Jakarta 10130
Phone : (021) 633-0585, 638-65927
Fax : (021) 632-4467, 632-4478

idA+
Bank
http://www.uobbuana.com
Susan Kwanto & Yovita Wening S.
Bank Niaga Tbk
FINANCIAL HIGHLIGHT

PROFILE
The bank was founded as PT Bank Buana Indonesia on August 31,
1956. The Bank received its business license in October 1956 and
started operations on November 1, 1956. Over the next 5 decades, it
grew to become a leading bank in financing Small and Medium-sized
Enterprises (SME) in Indonesia.
The Bank successfully weathered the financial crisis that hit Asia in
1997 without the need for government recapitalization. This success
was followed by the Banks listing on the IDX (formerly JSX and BSX)
in 2000.
In 2004, United Overseas Bank Limited (UOB), Singapore become one
of the Banks shareholders with 23% stake through its wholly-owned
investment company, UOB International Investment Private Limited
(UOBII). By the end of 2005, UOBII had increased its shareholding in
the Bank to 61.1%.
On March 9, 2007, the Bank officially changed its name to PT Bank UOB
Buana Tbk (UOB Buana). This move was to leverage the strong brand
name of UOB in Southeast Asia.
In August 2008, the Extraordinary General Meeting of Shareholders
approved the Banks plan to go private, and UOBII exercised a tender
offer on the Companys shares owned by the public. The tender offer
increased UOBIIs shareholding to 98,997%. Consequently, the Bank
was delisting on November 20,2008.
As at year-end 2008, UOB Buanas service network comprised 35
branches, 170 sub-branches and 129 ATMs across 30 cities in 18
provinces throughout Indonesia. To further improve our bank services,
UOB Buana also collaborated with ALTO and ATM Bersama, enabling
the Banks customers to access over 18,000 ATMs in Indonesia and
over 1 million ATMs worldwide using the Visa network. In addition, UOB
Buana is linked to UOBs regional ATM network.
In line with UOBs vision to be a premier bank in Asia Pacific, UOB Buana
strives to expand its business in consumer and commercial banking,
while maintaining its leadership in the SME financing segment. Supported
by an experienced service network, effective information technology
systems, sound capital structure as well as experienced management
and human resources, UOB Buana is committed to creating sustainable
long-term value for its stakeholders.

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
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-2007 Dec-2008
Change %
150.18
219,140
548,252
-100.00
877,552
3,059,148 2,785,483
-8.95
12,455,486 14,696,232
17.99
N/A
349,236
374,842
7.33
193,369
441,392
128.26
18,260,086 21,245,080
16.35
14,034,152 8,020,082
-42.85
53,068
90,351
70.26
16,330
229,143 1,303.20
169,183
181,054
7.02
14,702,432 17,393,456
18.30
N/A
4,500,000 4,500,000
1,663,339 1,663,339
6,653
6,653
250
250
982,092 1,375,665
40.07
3,557,654 3,851,624
8.26
1,836,772
681,072
144,037
733,410
603,228
1,157
604,385
184,083
420,302

2,065,148
780,131
210,662
961,792
455,360
11,620
466,980
145,793
321,793

12.43
14.54
46.26
31.14
-24.51
904.32
-22.73
-20.80
N/A
-23.44

4.13
2.30
22.88
32.84

4.52
1.51
15.58
22.05

9.27
-34.19
-31.90
-32.86

AS OF JUNE 2009

No.

1.

54

Code

BBIA01

Series Name

Subordinasi I Tahun 2004

Outstanding
(Rp Million)

300,000

Listing
Date

Maturity
Date

15-Jul-04

14-Jul-09 /
14-Jul-14

Issue
Term

Coupon
Structure

Coupon
Payment
Date

14-Jul-08
Year 1-5: Fixed: 13.25%; 14-Oct-08
5/10 Years
Year 6-10: Fixed: 22.05% 14-Jan-09
14-Apr-09

Rating

idA+

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BBIA01
Trading Volume
(Rp Billion)

30.0

12.5

24.0

10.0

18.0

7.5

12.0

5.0

6.0

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

9.959
9.789
04-Feb 05-May
9.959
9.791
9.959
9.789
9.790
9.959
WA1
1.00
8.00
Volume2
1.8% 14.6%
Turnover3
Modified Duration (Yrs): 4.925
Last
Date
High
Low

Q3

Q4

10.065
04-Aug
10.065
10.001
10.023
24.00
43.8%

10.243
23-Dec
10.243
10.243
10.243
2.00
3.7%

Q1

Q2
-

10.110
05-Jun
10.110
10.108
10.109
8.00
14.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

BBIA01

Low
9.789

High

Weighted Avg.
Executed
Yield (%)

10.243

10.243

TOTAL

% of Total

Turnover
Ratio
(%)

35

0.11

15.98%

35

0.11

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
4.925

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
8

BBIA01

24

Q2-2008

Q3-2008

Q4-2008

Outstanding

2
219

Outstanding
-

25

50

INDONESIA BOND MARKET DIRECTORY 2009


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

250

55

BBMI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK SYARIAH MUAMALAT INDONESIA TBK


:
:
:
:
:

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

idBBB(sy)
Bank
http://www.muamalatbank.com
U. Saefudin Noer
Bank Negara Indonesia (Persero) Tbk

FINANCIAL HIGHLIGHT

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, First Investment Islamic Banking.
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, 17 sub branches, 26
sharia service unit, 99 Cash Offices, 43 Gerai Muamalat outlet and
connected realtime online with 3,000 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 Malaysia); Debit Prima/BCA; Phone Banking
(SalaMuamalat); Mobile Banking (M-Bank), PC Banking, etc
.

Million Rp except Par Value

Dec-2007 Dec-2008
BALANCE SHEETS
Cash on Hand
173,671
227,098
Placements with Other Banks 1,331,195
50,293
Marketable Securities
14,850
29,850
Loans
8,308,122 5,136,750
Investments
40,223
41,144
Fixed Assets
69,359
89,423
Other Assets
267,930
438,164
Total Assets
10,569,078 12,596,715
Deposits
1,006,253
805,783
Taxes Payables
30,718
32,040
Fund Borrowings
154,012
100,244
Other Liabilities
78,229
113,442
Total Liabilities
1,537,870 1,336,335
Minority Interests
8,185,045 10,294,201
Authorized Capital
1,950,000 1,950,000
Paid up Capital
492,791
492,791
Paid up Capital (Shares)
820
820
Par Value
1,000 & 500 1,000 & 500
Retained Earnings
220,875
340,901
Total Equity
846,163,706
966,180

Change %
30.76
-96.22
101.01
-38.17
2.29
28.93
63.54
19.18
-19.92
4.30
-34.91
45.01
-13.10
25.77
54.34
-99.9

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

13.35
3.05
24.83
14.57
39.63
132.22
42.03
40.84
N/A
42.58

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

1,165,320
500,151
117,868
561,668
221,369
1,687
212,038
66,713
145,325
0.00
1.38
12.47
19.00

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

1.38 76,001.32
19.63
1.64
25.79
15.69
23.40
23.18

AS OF JUNE 2009

No.

1.

56

Code

Series Name

SMKBBMI01

Sukuk Subordinasi
Mudharabah Tahun 2008

Outstanding
(Rp Million)

314,000

Listing
Date

11-Jul-08

Maturity
Date

10-Jul-18

Issue
Term

Coupon
Structure

10 Years

Coupon
Payment
Date

10-Oct-08
17.17 % p.a. year 1 - 5 & 10-Jan-09
28.73% p.a. year 6 - 10 10-Apr-09
10-Jul-09

Rating

A-(idn)

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SMKBBMI01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

15.0

80

12.0

60

9.0

40

6.0

20

3.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

N/A
N/A 12.306
N/A
N/A 25-Sep
N/A
N/A 13.475
N/A
N/A 12.306
N/A
N/A 12.666
WA1
N/A
N/A
90.20
Volume2
N/A
N/A 114.9%
Turnover3
Modified Duration (Yrs): 4.722
Last
Date
High
Low

Q4

Q1

Q2

14.534
11-Dec
14.774
12.696
14.014
46.00
58.6%

13.065
13-Mar
13.069
12.696
12.941
3.00
3.8%

12.515
10-Jun
12.620
12.306
12.484
11.40
14.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

SMKBBMI01

Low

High

12.306

14.774

Weighted Avg.
Executed
Yield (%)
14.014

TOTAL

% of Total

Turnover
Ratio
(%)

136

0.43

43.38%

136

0.43

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
4.722

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
SMKBBMI01 -

Q2-2008

90

Q3-2008

Q4-2008

Outstanding

46
--

314

Outstanding
-

35

70

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

105

140

175

210

245

280

315

350

57

BBNI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK NEGARA INDONESIA (PERSERO) TBK


:
:
:
:
:

ADDRESS
BNI Building, 24th Fl.
Jl.Jend.Sudirman Kav. 1, Jakarta - 10220
Phone : (021) 251-1946 (70 lines)
Fax : (021) 251-1214, 251-1961, 251-1075

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

FINANCIAL HIGHLIGHT

PROFILE
PT Bank BNI Tbk (BBNI) was established on July 5, 1946 as Central
Bank, located in Jakarta owned by Indonesia Government. In 1955, the
company changed to be general bank to support the development of
Indonesia economy. In 1992, the companys name was changed to PT
Bank Negara Indonesia (Persero). On October 28, 1996, the company
was going public (initial public offering) and changed its name to PT
Bank Negara Indonesia (Persero) Tbk.

Million Rp except Par Value

Dec-2007 Dec-2008
Change %
BALANCE SHEETS
Cash on Hand
35.87
3,259,229 4,428,192
Placements with Other Banks 14,808,515 22,641,940
52.90
16,200,561 9,874,051
-39.05
Marketable Securities
83,214,985 106,342,351
Loans
27.79
134,793
104,653
Investments
-22.36
3,871,229 201,741,069 5,111.29
Fixed Assets
2,799,685 2,479,605
Other Assets
-11.43
183,341,611 201,741,069
Total Assets
10.04
149,992,482 167,264,390
Deposits
11.52
151,379
599,246
Taxes Payables
295.86
6,309,151 8,616,869
Fund Borrowings
36.58
4,318,861 4,663,795
Other Liabilities
7.99
166,094,416 186,279,343
Total Liabilities
12.15
27,610
30,578
Minority Interests
10.75
15,000,000 15,000,000
Authorized Capital
Paid up Capital
7,789,288 7,789,288
15,274
15,274
Paid up Capital (Shares)
Par Value
& 7,500 & 375& 7,500 & 375
Retained Earnings
2,039,493 2,597,420
27.36
Total Equity
17,219,585 15,431,148
-10.39
INCOME STATEMENTS
Total Interest Income
14,877,720 16,628,139
7,410,289 6,716,256
Interest Expenses
4,129,716 3,548,889
Other Operating Income
Other Operating Expenses 7,625,927 7,227,642
Income from Operations
1,267,648 1,874,523
Non-Operating Income
213,492
57,862
Income Before Tax
1,481,140 1,932,385
Provision for Income Tax
579,396
706,480
-3,816
-3,420
Minority Interests
Net Income
897,928 1,222,485

11.77
-9.37
-14.06
-5.22
47.87
-72.90
30.47
21.93
10.38
36.15

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

25.15
23.73
21.81
32.31

12.07
0.61
7.35
11.27

9.65
0.49
6.04
8.52

AS OF JUNE 2009

No.

1.

58

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

Coupon
Payment
Date

Coupon
Structure

Fixed: 13.125%

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

Rating

idA+

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

250

12.5

200

10.0

150

7.5

100

5.0

50

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

10.677 10.560
14-Mar 23-Jun
10.736 10.586
10.066
9.826
10.294 10.353
WA1
83.40 224.90
Volume2
33.4% 90.0%
Turnover3
Modified Duration (Yrs): 5.830
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.552
17-Sep
10.579
9.974
10.411
184.80
73.9%

10.593
12-Dec
10.736
10.540
10.669
88.93
35.6%

10.138
24-Feb
10.736
10.138
10.245
88.50
35.4%

10.579
23-Jun
10.579
10.001
10.304
184.43
73.8%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

BBNI01XXBFTW

Low
9.826

High

Weighted Avg.
Executed
Yield (%)

10.736

% of Total

Turnover
Ratio
(%)

582

1.82

58.20%

582

1.82

TRADING VOLUME
(Billion Rp)

10.669

TOTAL

Modified
Duration (Yrs)
End of Year
5.830

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
83

BBNI01XXBFTW

Q2-2008

225

Q3-2008
185

Outstanding

89
--

1,000

Outstanding
-

100

200

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

Q4-2008

S T O C K

E X C H A N G E

300

400

500

600

700

800

900

1,000

1,100

59

BBRI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK RAKYAT INDONESIA (PERSERO) TBK


:
:
:
:
:

ADDRESS
BRI I Building, Jl. Jend. Sudirman No. 44 - 46
Jakarta - 10210
Phone : (021) 251-0244; 250-0124; 251-0315
Fax : (021) 570-1865

idAA+
Bank
http://www.bri.co.id
Hartono Sukiman
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Bank Rakyat Indonesia (Persero) Tbk (BRI) is the third largest bank
in Indonesia. Officially, BRI was established based on Law No. 21 year
1968, but its root history can be traced back since 1895.
Previously a wholly owned by the government of Indonesia, BRI went
public in November 2003 and become a public listed company. Now,
the Government owns 56.8% and public own the rest. BRI share is
categorized as a blue chip and is included in LQ 45.
BRI is famous for its focus on financing the micro and SME business.
Its micro business is considered as one of the biggest micro lending
providers in the world. Of its total loan portfolio, 80% goes to Micro and
SMEs. Given the business nature of BRI, it has the largest networks, with
more than 5,000 outlets spreading all over Indonesia, from rural to the
city. Moreover, BRI also has an enormous customer base, more than 20
million depositors and borrowers which gives a competitive advantage
for BRI to develop its business including fee based business.
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 enterprenuers. In addition to that BRI also provides working
capital loans, fixed asset loans, consumer loans, export/import loans,
etc. For deposits, Simpedes is a prominent saving products in rural and
small town, whereas Britama is designed for urban people. BRI also has
time deposit and demand deposits.
Supported by a solid business model and infrastructure, BRI has become
the most profitable bank in Indonesia. BRI will continue to expand its
business to give a better value for all shareholders and stakeholders.

Million Rp except Par Value

Dec-2007
BALANCE SHEETS
Cash on Hand
5,041,396
Placements with Other Banks 14,629,443
17,317,899
Marketable Securities
105,923,763
Loans
76,668
Investments
1,644,172
Fixed Assets
2,713,984
Other Assets
203,734,938
Total Assets
167,211,016
Deposits
1,140,490
Taxes Payables
2,382,277
Fund Borrowings
6,448,558
Other Liabilities
184,297,303
Total Liabilities
Minority Interests
15,000,000
Authorized Capital
6,158,900
Paid up Capital
12,318
Paid up Capital (Shares)
Par Value
500
Retained Earnings
9,978,092
Total Equity
19,437,635

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

Change %
33.89
51.99
37.23
43.70
17.12
-17.86
123.39
20.78
22.58
-73.67
40.89
5.12
21.39
N/A
0.06
0.06
29.03
15.0

INCOME STATEMENTS
Total Interest Income
23,240,631 28,096,633
Interest Expenses
6,544,059 8,445,579
Other Operating Income
1,821,701 2,535,236
Other Operating Expenses 9,019,611 10,996,546
Income from Operations
7,556,003 8,346,113
Non-Operating Income
224,071
475,899
Income Before Tax
7,780,074 8,822,012
Provision for Income Tax
2,942,073 2,863,644
Minority Interests
Net Income
4,838,001
-

20.89
29.06
39.17
21.92
10.46
112.39
13.39
-2.67
N/A
-100.00

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

5.54
-100.00
-100.00
-8.63

9.48
2.37
20.82
32.51

10.01
29.71

AS OF JUNE 2009

No.

1.

60

Code

BBRI01XXBFSB

Series Name

Subordinasi I Tahun 2004

Outstanding
(Rp Million)

500,000

Listing
Date

12-Jan-04

Maturity
Date

09-Jan-14

Coupon
Payment
Date

Issue
Term

Coupon
Structure

10 Years

Year 1-6: Fixed: 13.5%;


Year 7-10: Fixed: 23.5%

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

Rating

idAA+

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BBRI01XXBFSB
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.739
9.831
27-Mar 25-Jun
11.140 10.960
9.739
9.831
10.236 10.578
WA1
41.80
66.30
Volume2
33.4% 53.0%
Turnover3
Modified Duration (Yrs): 4.413
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.960
17-Sep
10.960
9.742
10.669
69.80
55.8%

10.676
22-Dec
11.442
10.676
11.073
65.70
52.6%

10.739
18-Mar
11.149
10.682
10.742
36.45
29.2%

10.574
24-Jun
10.960
10.537
10.589
35.93
28.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

BBRI01XXBFSB

Low

High

9.739

Weighted Avg.
Executed
Yield (%)

11.442

% of Total

Turnover
Ratio
(%)

244

0.76

48.72%

244

0.76

TRADING VOLUME
(Billion Rp)

11.073

TOTAL

Modified
Duration (Yrs)
End of Year
4.413

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
42

BBRI01XXBFSB

66

Q2-2008
70

Q3-2008

Outstanding

66
--

500

Outstanding
-

50

100

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

Q4-2008

S T O C K

E X C H A N G E

150

200

250

300

350

400

450

500

550

61

BBTN BANK TABUNGAN NEGARA (PERSERO)


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

idA+
Bank
http://www.btn.co.id
Rinna Mona Lindyana
Bank Mega Tbk

PROFILE
PT Bank Tabungan Negara (BTN) 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 Company 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.
In 2008, Bank BTN became the first Bank in Indonesia in filling and listing
of Collective Investment Contract Asset Backed Securities (KIK-EBA).
To support its operation, as to date, The Company has 60 branches, 184
sub-branches, and 367 fully owned ATMs in addition to around 12,700
units of ATM Link and ATM Bersama network all over Indonesia. The
bank started Syariah Business in 2005. As to date, BTN Syariah has
operated 17 branches and 69 office channelings. In addition, to cover its
customers in remote areas, In 2005 The Company signed the agreement
with PT. Pos Indonesia to implement an online system operation in both
branches. There are 1.545 post office outlets all around the nation
connected on line with Bank BTN branches. As to date, the Government
of Indonesia (GoI) still holds 100% ownership at The Company.

ADDRESS
Bank Tabungan Negara Building, 20th Fl.
Jl. Gajah Mada No. 1 Jakarta - 10130
Phone : (021) 633-6733, 633-6789, 6332666
Fax : (021) 633-6737, 633-6701, 634-6704
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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
184,264
54,013
1,908,327
21,855,337
997,662
456,151
36,693,247
24,202,236
3,625,754
1,293,937
33,905,835
10,239,216
2,559,804
15
169,596
235,976
2,787,412

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

3,930,568
2,177,694
226,921
1,391,377
590,831
10,808
601,639
199,619
402,020

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

16.19
19.70
-4.34
7.99
13.37
N/A
10.62
17.75
N/A
7.08

12.16
1.10
10.23
15.03

13.62
0.96
9.43
14.67

11.93
-12.67
-7.84
-2.43

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

62

Million Rp except Par Value

Change %
24.74
131.82
-4.30
43.99
N/A
7.52
-21.36
22.62
29.94
N/A
-9.50
16.96
23.62
N/A
0.00
0.00
168.42
10.44

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

Series Name

BBTN11

1.

2.

BBTN13B

BBTN13C

5.

1,000,000

XII Tahun 2006

BBTN13A

4.

750,000

XI Tahun 2005

BBTN12

3.

Outstanding
(Rp Million)

XIII Tahun 2009 Seri A

XIII Tahun 2009 Seri B

XIII Tahun 2009 Seri C

300,000

300,000

900,000

Listing
Date

07-Jul-05

20-Sep-06

01-Jun-09

01-Jun-09

01-Jun-09

Maturity
Date

06-Jul-10

19-Sep-16

29-May-12

29-May-13

29-May-14

Issue
Term

5 Years

5 Years

3 Years

4 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 12.00%

06-Jan-08
06-Apr-08
06-Jul-08
06-Oct-08

idAA-

Fixed: 12.75%

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

idAA-

Fixed: 11.75%

29-Aug-09
29-Nov-09
01-Mar-10
01-Jun-10

idAA-

Fixed: 12.00%

29-Aug-09
29-Nov-09
01-Mar-10
01-Jun-10

idAA-

Fixed: 12.25%

29-Aug-09
29-Nov-09
01-Mar-10
01-Jun-10

idAA-

TRADING HIGHLIGHT
BBTN11
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 (%)

YEAR 2008
Q1

Q2

10.420 10.137
21-Jan 30-Jun
10.423 10.137
10.338 10.137
10.374 10.137
WA1
5.00
2.50
Volume2
2.7%
1.3%
Turnover3
Modified Duration (Yrs): 3.098
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.193
17-Sep
10.517
10.192
10.438
96.50
51.5%

10.706
30-Dec
11.032
10.504
10.771
54.00
28.8%

10.391
26-Feb
10.863
10.391
10.536
6.00
3.2%

10.511
23-Jun
10.511
10.358
10.385
104.00
55.5%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

BBTN12
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

10.535 10.910
18-Mar 27-Jun
10.535 10.910
9.375
9.491
10.114 10.518
WA1
85.70 112.75
Volume2
34.3% 45.1%
Turnover3
Modified Duration (Yrs): 8.377
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.637
25-Sep
10.914
10.571
10.690
213.10
85.2%

10.434
24-Dec
11.727
10.162
10.647
44.57
17.8%

11.435
02-Mar
11.435
10.239
10.655
32.80
13.1%

10.620
23-Jun
10.787
10.032
10.669
29.04
11.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

63

BBTN13A
No Transaction in Q2-2009
BBTN13B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

1.25

10.0

1.00

8.0

0.75

6.0

0.50

4.0

0.25

2.0

YEAR 2008

Executed
Yield (%)

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

Q1-Q2 2009

Q3

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

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

8.813
09-Jun
8.813
8.813
8.813
1.00
1.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

BBTN13C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

5.00

10.0

4.00

8.0

3.00

6.0

2.00

4.0

1.00

2.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
2
N/A
Volume
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

Q1-Q2 2009

Q3

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

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

8.882
26-Jun
8.902
8.882
8.891
3.00
1.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Code

No.

Low

High

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

BBTN11

10.137

11.032

10.771

158

0.50

21.07%

3.098

2.

BBTN12

9.375

11.727

10.647

456

1.43

45.61%

8.377

614

1.92

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
97

BBTN11

Q2-2008

Q4-2008

--

750

86

BBTN12

Outstanding

54

Outstanding

113

213

45

Outstanding

--

1,000
-

64

Q3-2008

100

200

300

400

500

600

700

800

900

1,000

1,100

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

65

BCAF BCA FINANCE


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Wisma Millenia 3rd Fl.
Jl. MT Haryono Kav. 16, Jakarta Selatan
Phone : (021) 831-0222
Fax : (021) 831-0338

idA+ & Aa3.id


Financial Institution
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 in 31 big cities all over Indonesia,
more than 95.000 customers, and fully supported by Bank Central Asia,
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 February 26, 2007, the Company issued BCA Finance Bonds II
Year 2007. These bonds are consisting of 4 (four) series, with different
time of maturity and interest rate for each series. Based on rating from
PT Pefindo dated January 13, 2009, the rating of the bonds was idA+
(stable outlook). The Company was rated AA-(idn) by PT Fitch Ratings
Indonesia.
In 2008, the Company earned several numbers of Awards, namely:
1. The Best Multifinance Company 2008 from Indonesian
Multifinance Companies Association (APPI)
2. InfoBank Multifinance Award 2008 for asset category IDR 1
trillion or above, from InfoBank Magazine;
3. Investor Multifinance Award 2008 for asset category IDR 1-2
trillion, from Investor Magazine

FINANCIAL HIGHLIGHT

Change %

Dec-2007

Dec-2008

2,190
-

1,471
21,686

-32.83
N/A

1,347,462

1,435,143

6.51

5,337
11,270
18,876
1,438,883
34,262
1,027,332
20
200,000
58,952
6
10,000
357,026
411,551

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

195.28
31.43
-100.00
4.03
N/A
-12.07
-5.83
33.03
28.66

INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax

451,582
236,930
214,652

513,270
235,633
277,637

13.66
-0.55
N/A
29.34

Net Tax
Net Income

64,629
150,022

84,693
192,944

31.04
28.61

2.50
10.43
33.22
47.53

1.83
12.89
37.59
54.09

-26.81
23.63
13.15
13.80

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 (%)

66

Million Rp except Par Value

INDONESIA BOND MARKET DIRECTORY 2009


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.

Series Name

Code

1.

BCAF02B

2.

BCAF02C

3.

Outstanding
(Rp Million)

BCAF02D

II Tahun 2007 Seri B

150,000

II Tahun 2007 Seri C

125,000

II Tahun 2007 Seri D

125,000

Listing
Date

28-Feb-07

28-Feb-07

28-Feb-07

Maturity
Date

27-Feb-10

27-Aug-10

27-Feb-11

Issue
Term

36 Months

42 Months

48 Months

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 10.75%

27-Feb-08
27-May-08
27-Aug-08
27-Nov-08

idA+ &
Aa3.id

Fixed: 11.00%

27-Feb-08
27-May-08
27-Aug-08
27-Nov-08

idA+ &
Aa3.id

Fixed: 11.375%

27-Feb-08
27-May-08
27-Aug-08
27-Nov-08

idA+ &
Aa3.id

TRADING HIGHLIGHT
BCAF02B
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 (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

8.077
8.105
26-Mar 07-Apr
8.132
8.079
8.041
8.077
8.080
8.078
WA1
99.00
10.00
Volume2
264.0% 26.7%
Turnover3
Modified Duration (Yrs): 9.703
Last
Date
High
Low

Q3

Q4

Q1

8.142
03-Sep
8.142
8.137
8.138
34.00
90.7%

8.268
12-Dec
8.901
8.263
8.624
15.00
40.0%

8.212
7.993
05-Mar 18-Jun
8.317
8.121
8.155
7.993
8.186
8.050
17.98
47.94
47.9% 127.8%

Q2

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

BCAF02C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

175

12.5

140

10.0

105

7.5

70

5.0

35

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

8.167
8.194
8.246
8.228
8.196
8.237
14-Mar 15-May 25-Sep 19-Dec 05-Mar 25-Jun
9.322
8.194
8.242
8.414
8.226
8.309
8.154
8.088
8.182
8.134
8.185
8.183
8.176
8.227
8.288
8.198
8.280
8.183
WA1
2
89.00
125.20
156.08
96.96
101.82
62.18
Volume
284.8% 400.6% 499.5% 310.3% 325.8% 199.0%
Turnover3
Modified Duration (Yrs): 9.568
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

67

BCAF02D
Trading Volume
(Rp Billion)

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

8.407
8.514
26-Mar 20-Jun
8.411
8.514
8.440
8.405
1
8.409
8.459
WA
36.00
4.00
Volume2
115.2% 12.8%
Turnover3
Modified Duration (Yrs): 6.893
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1
-

8.530
24-Jul
8.616
8.530
8.590
27.00
86.4%

Q2

8.611
8.644
29-Jan 07-May
8.660
8.644
8.600
8.644
8.618
8.644
53.00
22.00
169.6% 70.4%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

BCAF02B

8.041

8.901

8.624

158

0.50

105.33%

9.703

2.

BCAF02C

8.088

9.322

8.288

467

1.46

373.79%

9.568

3.

BCAF02D

8.405

8.616

8.590

67

0.21

53.60%

6.893

692

2.17

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
99

BCAF02B

10

34

150

Outstanding

36

BCAF02D

Outstanding

156

97

4 27
125

Outstanding
-

Q4-2008

15

125
125

Outstanding

Q3-2008

89

BCAF02C

68

Q2-2008

50

100

150

200

250

300

350

400

450

500

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

69

BDKI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK DKI (BPD DKI)


:
:
:
:
:

ADDRESS
Jl. 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 of DKI represents one of the bank property of Local government
of DKI which is on initially is so called Local Development Bank of
DKI ( BPD DKI). Founded on 11 April 1961, with paid-in capital equal
to Rp2,500,000.00 (two millions five hundreds thousand rupiah). In
the year 1999, paid-in capital became Rp700,000,000,000.00 (seven
hundred billion rupiahs).
Types of Services which is given to his clients such as Foreign Currency
transaction as according to decree of Indonesia Bank Number : 25/67/
KEP/DIR dated 30 November 1992.
The Bank has started its sharia banking activities sine it received a
letter from Bank Indonesia no. 6/39/DpbS dated January 13, 2004 on
the principles of sharia office channeling within a banks commercial
activities. The Bank initiate its operational activities based on those
sharia principles in March 2004.

Million Rp except Par Value

Dec-2007 Dec-2008
BALANCE SHEETS
Cash on Hand
260,273
397,591
Placements with Other Banks 1,829,104
661,167
3,504,876 5,005,406
Marketable Securities
4,756,490 6,247,475
Loans
917
917
Investments
173,613
171,454
Fixed Assets
97,856
25,429
Other Assets
11,838,239 13,547,165
Total Assets
9,381,780 9,678,901
Deposits
49,488
34,046
Taxes Payables
66,446
286,535
Fund Borrowings
139,256
158,415
Other Liabilities
11,090,931 12,734,839
Total Liabilities
Minority Interests
1,500,000 1,500,000
Authorized Capital
600,325
600,325
Paid up Capital
1
1
Paid up Capital (Shares)
Par Value
1,000,000 1,000,000
Retained Earnings
146,983
212,000
Total Equity
747,308
812,326

Change %
52.76
-63.85
42.81
31.35
-1.24
-74.01
14.44
3.17
-31.20
331.23
13.76
14.82
N/A
44.23
8.70

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 (%)

1,236,182
564,324
15,908
472,040
158,766
-8,268
150,498
78,108
72,391

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

-45.61
33.37
482.01
17.30
-1.60
N/A
14.25
-28.89
N/A
60.80

14.84
0.61
5.86
12.84

15.68
0.86
17.31
23.23

5.63
40.52
195.63
80.90

AS OF JUNE 2009

No.

1.

2.

70

Code

BDKI05A

BDKI05B

Series Name

V Tahun 2008

Subordinasi I Tahun 2008

Outstanding
(Rp Million)

425,000

325,000

Listing
Date

05-Mar-08

05-Mar-08

Maturity
Date

04-Mar-13

04-Mar-18

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

10 Years

Rating

Fixed: 11.25%

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

idA-

Year 1-5: Fixed: 12.25%


& Year 6-10: 22.25%

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

idBBB+

INDONESIA BOND MARKET DIRECTORY 2009


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)

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

8.540
8.605
28-Mar 19-Jun
8.608
9.624
8.591
8.526
8.603
8.962
WA1
29.00
50.00
Volume2
27.3% 47.1%
Turnover3
Modified Duration (Yrs): 3.531
Last
Date
High
Low

Q3

Q4

Q1

8.590
15-Sep
10.079
8.540
8.812
41.00
38.6%

9.279
26-Nov
9.279
8.582
8.879
18.00
16.9%

Q2

9.724
8.778
23-Mar 22-May
9.724
8.778
8.609
8.726
8.793
8.752
43.80
10.00
9.4%
41.2%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

9.140
- 26-May
9.171
9.033
1
9.107
WA
20.50
Volume2
25.2%
Turnover3
Modified Duration (Yrs): 5.757
Last
Date
High
Low

Q1-Q2 2009
Q4

Q3
9.263
08-Aug
9.294
9.241
9.264
34.00
41.8%

Q1
-

Q2

12.292
03-Mar
12.292
9.111
9.573
50.00
61.5%

9.751
15-Jun
11.418
9.577
11.252
25.00
30.8%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
Low

High

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
% of Total

(Billion Rp)

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

No.

Code

1.

BDKI05A

8.526

10.079

8.879

138

0.43

32.47%

3.531

2.

BDKI05B

9.033

9.294

9.264

55

0.17

16.77%

5.757

193

0.60

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
29

BDKI05A

50

41

Q2-2008

Q3-2008

Q4-2008

Outstanding

18
425

Outstanding

BDKI05B - 21

--

34
325

Outstanding
-

50

100

INDONESIA BOND MARKET DIRECTORY 2009


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

71

BDMN BANK DANAMON INDONESIA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Bank Danamon, Jl. Prof. DR. Satrio Kav. E4/6
Mega Kuningan, Jakarta - 12940
Phone : (021) 5799-1001 - 03 (H)
Fax : (021) 5799-1056, 5799-1160/61

idAA+
Bank
http://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 68.05% of
Danamon shares. The holders of the AFI shares are Temasek Holdings
(Pte) Ltd. and Deutsche Bank AG. Temasek Holdings is theSingapore
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 31.95% of Danamons shares are owned by the public
owned.

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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Million Rp except Par Value

Dec-2007
1,237,518
4,959,485
4,110,753
49,858,293
12,053
1,538,878
3,665,715
89,409,827
62,413,009
184,687
1,510,124
2,782,714
78,239,344
337,038
10,000,000
3,625,336
5,033

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 %
236.28
-29.25
0.64
27.18
23.79
37.38
19.97
20.87
15.48
68.44
-10.71
22.90
57.31
0.18
0.26
5.98
-2.35

50,000 & 500 50,000 & 500

6,595,065 6,989,413
10,833,445 10,579,068

INCOME STATEMENTS
Total Interest Income
13,471,200 16,118,989
5,662,297 6,841,478
Interest Expenses
Other Operating Income
1,030,382
822,896
Other Operating Expenses 5,406,846 7,674,346
Income from Operations
3,603,760 2,671,141
Non-Operating Income
-290,235
6,696
Income Before Tax
3,313,525 2,677,837
Provision for Income Tax
1,043,549
875,833
-153,061
-271,982
Minority Interests
Net Income
2,116,915 1,530,022

19.66
20.83
-20.14
41.94
-25.88
N/A
-19.18
-16.07
-77.70
-27.72

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

25.86
-39.76
-39.60
-38.05

7.22
2.37
15.71
26.75

9.09
1.43
9.49
16.57

AS OF JUNE 2009

No.

1.

2.

72

Code

BDMN01A

BDMN01B

Series Name

I Tahun 2007 Seri A

I Tahun 2007 Seri B

Outstanding
(Rp Million)

250,000

1,250,000

Listing
Date

20-Apr-07

20-Apr-07

Maturity
Date

19-Apr-10

19-Apr-12

Issue
Term

3 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 9.40%

19-Jan-08
19-Apr-08
19-Jul-08
19-Oct-08

idAA+

Fixed: 10.60%

19-Jan-08
19-Apr-08
19-Jul-08
19-Oct-08

idAA+

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BDMN01A
Trading Volume
(Rp Billion)

450

12.5

360

10.0

270

7.5

180

5.0

90

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

7.705
29-Feb
7.705
7.705
7.705
WA1
400.00
Volume2
640.0%
Turnover3
Modified Duration (Yrs): 8.375

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

8.069
8.578
8.068
7.854
19-Sep 11-Dec 18-Mar 28-May
8.069
8.239
7.968
9.204
7.812
7.873
7.948
7.688
8.074
7.877
7.899
8.407
67.09 182.00 137.20 108.54
107.3% 291.2% 219.5% 173.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

BDMN01B
Trading Volume
(Rp Billion)

400

12.5

320

10.0

240

7.5

160

5.0

80

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q1-Q2 2009

Q3

Q4

Q1

8.354
8.352
8.381
8.411
31-Mar 25-Jun 18-Sep 23-Dec
8.842
8.375
8.846 10.666
8.331
8.284
8.330
7.891
1
8.356
8.450
8.612
9.566
WA
118.70 171.25 394.69 384.94
Volume2
38.0% 54.8% 126.3% 123.2%
Turnover3
Modified Duration (Yrs): 6.066
Last
Date
High
Low

Q2

8.530
27-Mar
10.022
8.300
8.572
120.86
38.7%

8.688
30-Jun
9.754
8.257
8.686
171.80
55.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Code

No.

Low

High

% of Total

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

1.

BDMN01A

7.705

9.204

8.407

649

2.03

259.64%

8.375

2.

BDMN01B

7.891

10.666

9.566

1,070

3.35

85.57%

6.066

1,719

5.38

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

400

BDMN01A

119

BDMN01B

67

Q4-2008

Outstanding

182

--

250

Outstanding

Q3-2008

171

395

385
--

1,250

Outstanding
-

130

260

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

390

520

650

780

910

1,040

1,170

1,300

73

BEXI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK EKSPOR INDONESIA (PERSERO)


:
:
:
:
:

idABank
http://www.bexi.co.id
Tri Utami R. Nugroho
Bank Mandiri (Persero) Tbk

PROFILE
PT. Bank Ekspor Indonesia (Persero), or BEI, wich was established
based on Government Regulation No.37 of 1999, is an embryo for the
intended sovereign financial agency, called Indonesia EximBank. In
Presidential Instruction No.6 of 2007, the President of the Republic of
Indonesia has asserted that exports should be developed through the
establishment of Indonesia Eximbank. After serious discussions between
House of Representatives (DPR) and Government, DPR had passed the
Indonesia Eximbank Bill into Act on December16, 2008 and signed by
the President Of Republic of Indonesia on January 12, 1009 and become
Act of the Republic Of Indonesia number 2 of 2009 concerning Indonesia
Eximbank.
This Act shall take into effect as of the enactment date; however, there is
a transition period of at latest 9 months since the enactment of this act.
By commencement of Indonesia Eximbank operation, BEI is declared
to be dissolved and automatically all asset and liabilities as well as all
employees of BEI shall be Indonesia Eximbank asset and liabilities.
The scope of work of the Indonesia Eximbank in facilitating National
Export Financing extends from financing to guarantee and insurance
under the frameworks of both conventional and sharia-based financing.
In order to prepare itself for the role of Indonesia Eximbank, BEI is currently
developing the capabilities of its business units, including in treasury,
corporate risk financing, bank risk financing, and Islamic Banking. After
the establishment of Indonesia Eximbank, more comprehensive facilities
required by Indonesian exporters can be provided, which will include
Buyers Credit, Political Risk Insurance, guarantee for overseas projects,
and others. Due to its sovereign status, Indonesia Eximbank will have a
much better chance of obtaining long-term, high-ceiling funding facilities
at more competitive interest rates from official intergovernmental
agencies, international institutions, and others. Indonesia Eximbank is
also permitted to obtain funding from the issuance of securities and from
grant funds.
In addition to the above scope of work, Indonesia Eximbank is also
charged with the responsibility to counseling and consultation services
to Banks, Financial Institutions, and Exporters for all scales as well as
provided as government arm length for National Interest Account.

74

ADDRESS
Indonesia Stock Exchange Building, Tower II 8th Fl.
Jl. Jend. Sudirman Kav. 52-53, Jakarta - 12190
Phone : (021) 515-4638
Fax : (021) 515-4639
FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2007 Dec-2008
Change %
BALANCE SHEETS
101.53
Cash on Hand
230
464
Placements with Other Banks 1,134,793
-44.12
634,141
Marketable Securities
-62.48
2,583,126
969,227
47.27
Loans
6,258,052 9,216,530
Investments
N/A
Fixed Assets
6.12
4,916
5,217
Other Assets
59.46
43,045
68,640
Total Assets
8.74
10,292,037 11,191,257
Deposits
-23.55
1,233,277
942,831
Taxes Payables
25,488
942,831 3,599.17
Fund Borrowings
-99.64
3,397,629
12,315
Other Liabilities
78,126 3,952,480 4,959.09
Total Liabilities
-97.31
6,125,953
164,854
Minority Interests
N/A
- 6,906,020
Authorized Capital
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
10.22
Retained Earnings
1,166,084 1,285,237
Total Equity
4,166,084 4,285,237
2.86
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 (%)

924,724
437,775
16,074
104,261
404,901
705
405,606
127,208
278,398

992,792
447,707
28,078
125,986
349,834
1,308
351,142
109,494
241,648

7.36
2.27
74.68
20.84
-13.60
85.56
-13.43
-13.93
N/A
-13.20

1.47
2.70
30.11
43.79

0.04
2.16
24.34
35.24

-97.38
-20.17
-19.15
-19.52

INDONESIA BOND MARKET DIRECTORY 2009


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

1.

Outstanding
(Rp Million)

Series Name

BEXI02B

II Tahun 2005 Seri B

200,000

Listing
Date

20-Jun-05

Maturity
Date

17-Jun-10

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 12.50%

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

idA-

idA-

2.

BEXI03A

III Tahun 2006 Seri A

150,000

29-Sep-06

28-Sep-09

3 Years

Fixed: 12.50%

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

3.

BEXI03B

III Tahun 2006 Seri B

200,000

29-Sep-06

28-Sep-10

4 Years

Fixed: 12.70%

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

idA-

Fixed: 12.80%

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

idA-

Fixed: 10.00%

28-Sep-09
28-Dec-09
28-Mar-10
28-Jun-10

idA-

Fixed: 11.625%

18-Sep-09
18-Dec-09
18-Mar-10
18-Jun-10

idA-

Fixed: 12.00%

18-Sep-09
18-Dec-09
18-Mar-10
18-Jun-10

idA-

Fixed: 12.75%

18-Sep-09
18-Dec-09
18-Mar-10
18-Jun-10

idA-

4.

BEXI03C

5.

BEXI04A

6.

BEXI04B

7.

BEXI04C

8.

BEXI04D

III Tahun 2006 Seri C

150,000

309,000

IV Tahun 2009 Seri A

157,000

IV Tahun 2009 Seri B

IV Tahun 2009 Seri C

607,000

IV Tahun 2009 Seri D

1,427,000

29-Sep-06

19-Jun-09

19-Jun-09

19-Jun-09

19-Jun-09

28-Sep-11

28-Jun-10

18-Jun-12

18-Jun-14

18-Jun-16

5 Years

370 Days

3 Years

5 Years

7 Years

TRADING HIGHLIGHT
BEXI02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

Executed
Yield (%)

Q1

Q2

Q3

9.700 10.279 10.431


25-Mar 02-Jun 22-Sep
10.021 10.299 11.036
9.700 10.279
9.972
9.830 10.289 10.525
WA1
34.00
2.00
59.70
Volume2
68.0%
4.0% 119.4%
Turnover3
Modified Duration (Yrs): 3.242
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q4

Q1

Q2

10.519
09-Dec
10.681
10.318
10.537
11.95
23.9%

10.332 10.308
02-Mar 22-Jun
10.492 10.530
9.759 10.072
9.965 10.099
13.70 119.00
27.4% 238.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

75

BEXI03A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

40.0

12.5

32.0

10.0

24.0

7.5

16.0

5.0

8.0

2.5

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

- 12.043
- 10-Jun
- 12.043
- 11.691
1
- 11.811
WA
2
23.00
Volume
61.3%
Turnover3
Modified Duration (Yrs): 4.446
Last
Date
High
Low

Q3

Q4

11.880 12.164
28-Aug 11-Dec
11.883 12.223
11.880 11.410
11.882 12.023
40.00
6.00
16.0% 106.7%

Q1
11.766
23-Mar
11.875
11.545
11.798
17.00
45.3%

Q2
11.542
04-Jun
11.542
11.433
11.487
1.00
2.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

BEXI03B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

11.551 11.695 12.011


28-Mar 26-Jun 18-Sep
11.551 12.152 12.609
11.389 11.645 11.573
11.404 11.717 12.111
WA1
26.00
55.40
97.02
Volume2
52.0% 110.8% 194.0%
Turnover3
Modified Duration (Yrs): 4.015
Last
Date
High
Low

Q1-Q2 2009
Q4
12.492
15-Dec
12.619
11.649
11.943
40.80
81.6%

Q1
12.051
27-Mar
12.492
11.942
11.988
43.88
87.8%

Q2
11.725
05-Jun
12.320
11.725
12.085
18.10
36.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

BEXI03C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

30.0

15.0

24.0

12.0

18.0

9.0

12.0

6.0

6.0

3.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

11.649 11.933
26-Mar 10-Jun
11.771 12.330
11.282 11.933
1
11.393
12.257
WA
20.00
28.00
Volume2
53.3% 74.7%
Turnover3
Modified Duration (Yrs): 6.763
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

12.832
27-Aug
12.832
12.324
12.701
8.00
21.3%

12.039
22-Aug
12.039
12.037
12.038
8.00
21.3%

Q1

Q2

12.247 12.324
15-Jan 20-May
12.247 12.330
12.167 12.324
12.203 12.327
6.00
8.00
16.0% 21.3%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

BEXI04A
No Transaction in Q2 2009
BEXI04B
No Transaction in Q2 2009
BEXI04C
No Transaction in Q2 2009
BEXI04D
No Transaction in Q2 2009

76

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING STATISTICS 2008


Executed Yield (%)

Weighted Avg.
Executed
Yield (%)

No.

Code

1.

BEXI02B

9.700

11.036

10.537

Low

High

% of Total

Turnover
Ratio
(%)

0.34

53.83%

TRADING VOLUME
(Billion Rp)
108

Modified
Duration (Yrs)
End of Year
3.242

2.

BEXI03A

11.410

12.223

12.023

69

0.22

46.00%

4.446

3.

BEXI03B

11.389

12.619

11.943

219

0.69

109.61%

4.015

4.

BEXI03C

11.282

12.832

12.038

64

0.20

42.67%

6.763

460

1.44

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
34

BEXI02B

Q2-2008

60

Q3-2008

Q4-2008

Outstanding

12
--

200

Outstanding

BEXI03A -

23

40
--

150

Outstanding

26

BEXI03B

55

97

41
--

200

Outstanding

20

BEXI03C

28

8
--

150

Outstanding
-

25

50

INDONESIA BOND MARKET DIRECTORY 2009


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

250

77

BFIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BFI FINANCE INDONESIA TBK


:
:
:
:
:

ADDRESS
Menara Kebon Sirih, 25th Fl. Jl. 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
http://www.bfi.co.id
Cornellius Henry
Bank Mega Tbk

FINANCIAL HIGHLIGHT

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.
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 2008, BFI has 70 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.
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 71% of BFI business
is in used cars, 14% in new cars, 4% in used motorcycle and 11% in
heavy equipment.
BFI was awarded the Best Multi-Finance Company since 2006 to 2008
by Infobank Magazine and Investor Magazine which assigned weightage
and rankings to these companies based on criteria including net profit,
equity, assets and liabilities.

Million Rp except Par Value

Dec-2007

Dec-2008

108,687
-

315,083
-

189.90
N/A

1,876,609

2,429,818

29.48

39,934
110,902
2,523,979
990,518
41,216
1,320,689
1,000
500,000
380,170
760
500
465,214
1,203,290

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

N/A
818.04
230.57
39.89
-100.00
22.03
64.55
33.15
12.82

INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax

570,434
291,834
278,601

889,940
559,701
330,240

56.01
91.79
N/A
18.54

Net Tax
Net Income

82,222
200,170

98,479
231,761

19.77
15.78

1.10
7.93
35.09
48.84

1.60
6.56
26.04
37.11

45.86
-17.23
-25.79
-24.02

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 (%)

Change %

AS OF JUNE 2009

No.

1.

78

Code

BFIN02

Series Name

Tahun 2007

Outstanding
(Rp Million)

200,000

Listing
Date

20-Aug-07

Maturity
Date

16-Aug-09

Issue
Term

2 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 12.50%

16-Feb-08
16-May-08
16-Aug-08
16-Nov-08

Rating

Baa1.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BFIN02
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

350

12.5

280

10.0

210

7.5

140

5.0

70

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009
Q4

Q3

Q1

Q2

8.684
8.691
8.687
8.601
8.267
14-Mar 13-Jun 26-Sep 22-Dec 31-Mar
8.697
8.703
8.721
8.687
8.288
8.684
8.687
8.671
8.557
8.256
8.272
8.636
8.690
8.694
8.682
WA1
50.05
20.70
33.90 318.13 146.42
Volume2
78.5% 128.5% 1206.2% 555.2% 189.8%
Turnover3
Modified Duration (Yrs): 7.785
Last
Date
High
Low

4.973
29-Apr
5.045
4.973
4.999
11.80
44.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BFIN02

Low
8.557

High

8.636

8.721

TOTAL

% of Total

Turnover
Ratio
(%)

519

1.63

492.09%

519

1.63

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
7.785

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
BFIN02

21

34

Q4-2008

Outstanding

60

S T O C K

146

-120

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

Q3-2008

318
106

Outstanding

Q2-2008

E X C H A N G E

180

240

300

360

420

480

540

600

79

BFNC BHAKTI FINANCE


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Bhakti Finance Building
Jl. 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
This company was established in Jakarta as PT Citra International
Finance and Investment Corporation with act no. 64, November 14,
1989 made by Maria Lidwina Indriani Soepojo, SH. Notary in Jakarta.
This establishing act has received admittance from Indonesian ministry
of law
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 and has received admittance from Indonesian ministry
of Law.
Presently, PT Bhakti Capital Indonesia, Tbk. owns 99,9% shares of the
company, while the remaining shares was held by Employee Cooperative
of PT Bhakti Investama, Tbk.. The company has no subsidiary.
The companys headquarter and operational office was located in Bhakti
Finance Building, jalan Abdul Muis, no.36 C-F, Jakarta 10160 up to now.
At present, the company has 42 branch offices located in Jabotabek,
Java and Sumatera.
Main operation of the company centers around consumer financing,
leasing and factoring, by focusing more on motorcycles, be it Japanmade or otherwise, electronic goods, computer, home appliances and
some others.
Company has an integrated brand communication program under the
Bang Kredit as mascot.

Million Rp except Par Value

Change %

Dec-2007

Dec-2008

12,498
42

17,989
160

43.94
276.85

261,853

363,741

38.91

4,972
11,739
3,376
367,057
114,129
3,439
278,086
0.3
280,000
70,000
0.1
1,000,000
18,971
88,971

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

3.36
90.44
50.27
26.66
75.87
-19.26
31.23
58.05
12.38

92,389
80,045
12,343

156,942
141,340
15,602

69.87
76.57
N/A
26.40

Net Tax
Net Income

3,852
8,492

4,590
11,013

19.16
29.69

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

3.13
2.31
9.19
13.36

3.65
2.37
7.02
9.94

16.78
2.39
-23.65
-25.59

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
Total Revenues
Expenses
Other Income
Income Before Tax

AS OF JUNE 2009

No.

1.

80

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
Payment
Date

Coupon
Structure

Fixed: 12.75%

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

Rating

Baa2.id

INDONESIA BOND MARKET DIRECTORY 2009


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)

15.0

12.5

12.0

10.0

9.0

7.5

6.0

5.0

3.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

9.295
9.481
03-Mar 04-Jun
9.297
9.481
9.295
9.238
9.296
9.282
WA1
2.00
12.40
Volume2
5.3% 33.1%
Turnover3
Modified Duration (Yrs): 8.606
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.364
09-Sep
9.364
9.183
9.304
3.50
9.3%

9.186
17-Dec
9.186
9.186
9.186
1.00
2.7%

Q1

Q2
-

8.784
28-Apr
8.784
8.784
8.784
5.00
13.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BFNC02

Low
9.183

High

9.186

9.481

TOTAL

% of Total

Turnover
Ratio
(%)

19

0.06

12.60%

19

0.06

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
8.606

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
BFNC02 2

12

Q2-2008

Q3-2008

Q4-2008

Outstanding

41
150

Outstanding
-

20

40

INDONESIA BOND MARKET DIRECTORY 2009


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

81

BJBR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK JABAR BANTEN (BPD JABAR)


:
:
:
:
:

ADDRESS
Jl. Naripan No. 12-14
Bandung
Phone : (022) 423-4868
Fax : (022) 421-4838, 420-2995

idA
Bank
http://www.bankjabar.co.id
Suhirman
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT

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.

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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
1,049,539
3,528,648
2,892,623
12,809,919
6,412
456,369
266,801
23,122,845
18,167,138
47,057
60,695
432,475
20,887,240
4,000,000
1,264,475
126
10,000
740,007
2,235,605

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

2,459,590
1,238,026
219,749
881,941
559,372
1,302
560,674
184,431
376,243

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

Dec-2008
Change %
24.22
1,303,688
3,847,527
9.04
2,887,668
-0.17
16,103,322
25.71
29,791
364.61
9.37
499,147
29.84
346,404
12.93
26,113,653
0.99
18,347,050
173.74
128,816
-40.87
35,886
60.97
696,141
12.79
23,558,999
N/A
4,000,000
1,495,598
18.28
5,982 4,631.12
250
1,013,553
36.97
2,554,654
14.27
3,079,494
25.20
1.26
1,253,624
-20.50
174,708
34.70
1,187,995
45.27
812,583
18,811 1,344.78
831,394
48.28
275,666
49.47
N/A
555,728
47.70

9.34
1.63
15.30
22.74

9.22
2.13
18.05
26.39

-1.30
30.79
17.97
16.02

AS OF JUNE 2009

No.

1.

2.

82

Code

BJBR04B

BJBR05

Series Name

IV Tahun 2004 Seri B

V Tahun 2006

Outstanding
(Rp Million)

690,000

1,000,000

Listing
Date

06-Oct-04

11-Dec-06

Maturity
Date

05-Oct-09

08-Dec-11

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

5 Years

Rating

Fixed: 12.50%

05-Jan-08
05-Apr-08
05-Jul-08
05-Oct-08

idA

Fixed: 11.25%

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

idA

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BJBR04B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

11.231 11.015
19-Mar 27-Jun
11.231 11.033
10.952 10.705
10.997 10.835
WA1
48.50
40.00
Volume2
28.2% 23.3%
Turnover3
Modified Duration (Yrs): 2.676
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.911
23-Jul
10.911
10.877
10.899
13.00
7.6%

11.731
30-Dec
12.291
11.148
11.674
154.05
89.7%

11.226
03-Mar
11.387
11.187
11.253
55.19
32.1%

10.639
16-Jun
10.756
10.611
10.668
57.08
33.2%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

BJBR05
No Transaction in 2008 and Q1-Q2 2009

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.
2.

Low

High

BJBR04B

10.705

12.291

11.674

BJBR05

8.583

9.850

9.047

% of Total

Turnover
Ratio
(%)

256

0.80

37.20%

2.676

324

1.02

32.43%

9.320

580

1.82

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
40 13

49

BJBR04B

Q2-2008

Q3-2008

Q4-2008

154
--

687

Outstanding

80

BJBR05

12

Outstanding

105

127
--

1,000

Outstanding
-

100

200

300

INDONESIA BOND MARKET DIRECTORY 2009


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

83

BLAM BANK LAMPUNG (BPD LAMPUNG)


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jl. Wolter Monginsidi No. 182
Bandar Lampung
Phone : (0721) 487175, 489127, 489572, 487175 Ext. 130
Fax : -

idBBB
Bank
http://www.banklampung.co.id
Ahmad Ben Bella
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
BANK LAMPUNG (PD. Bank Pembangunan Lampung) legally operated
on January 31, 1966. based on permition from ministry of central bank
no. kep. 66/ubs/1965 and district regulation no. 8/PERDA/II/DPRD/73
established to support economic development in all subject as one
source of district earning to enhance peoples wealth.
In April 1999, the Banks name and status were changed to Perseroan
Terbatas Bank Pembangunan Daerah Lampung (PT Bank Lampung).
As of March 2006, Provincial Government of Lampung is the major
shareholder with 57.1% ownership, while the remaining is owned by
several Municipal Governments in Lampung (41.3%) and Koperasi
Karyawan (1.6%).
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.
PT Bank Lampungs 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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
86,608
174,235
154,473
1,243,019
550
20,103
4,597
1,969,283
1,313,301
21,707
45,545
1,800,367
150,000
108,719
11
10,000
37,544
168,916

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

239,657
96,584
14,365
88,842
55,205
2,469
57,674
20,166
37,508

280,557
129,136
6,221
1,860
55,896
4,362
60,257
19,492
40,765

17.07
33.70
-56.69
-97.91
1.25
76.67
4.48
-3.34
N/A
8.68

10.66
1.90
15.65
23.04

9.84
1.86
14.53
19.92

-7.72
-2.09
-7.16
-13.51

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

Change %
32.20
265.60
-70.94
-1.23
-16.67
-11.03
11.01
-50.72
N/A
-9.28
-41.08
10.22
N/A
66.67
19.65
19.65
-89.13
19.43

AS OF JUNE 2009

No.

1.

2.

84

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
Payment
Date

Coupon
Structure

5 Years

5 Years

Rating

Fixed: 12.90%

13-Jan-08
13-Apr-08
13-Jul-08
13-Oct-08

idBBB

Fixed: 11.85%

09-Feb-08
09-May-08
09-Aug-08
09-Nov-08

idBBB

INDONESIA BOND MARKET DIRECTORY 2009


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)

6.00

12.5

4.80

10.0

3.60

7.5

2.40

5.0

1.20

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2

Q1

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0

Last
Date
High
Low

Q4

Q3
-

Q1

Q2
-

9.992
12-Jun
9.992
9.992
9.992
5.00
33.9%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

BLAM02
Trading Volume
(Rp Billion)

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

8.403
8.248
25-Mar 23-Jun
8.403
8.404
8.152
8.248
1
8.315
8.320
WA
103.30
29.00
Volume2
137.7% 38.7%
Turnover3
Modified Duration (Yrs): 7.390
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.373
15-Sep
8.373
8.243
8.346
63.10
84.1%

8.327
30-Dec
9.497
8.327
8.491
32.60
43.5%

8.403
20-Feb
8.477
8.353
8.429
26.80
35.7%

8.236
30-Jun
8.471
8.236
8.438
21.40
28.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

BLAM01B

2.

BLAM02

8.152

9.497

8.491

228

0.71

76.00%

7.390

228

0.71

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

BLAM01B 59

Outstanding

BLAM02

--

103

29

33
300

Outstanding
-

30

60

90

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

120

150

-180

210

240

270

300

330

85

BLTA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BERLIAN LAJU TANKER TBK


:
:
:
:
:

idA+
Transportation
http://www.blt.co.id
Kevin Wong
Bank Niaga Tbk

PROFILE
PT Berlian Laju Tanker Tbk. (the Company) was established in 1981
with the name of PT Bhaita Laju Tanker and started its business with
two oil tankers of 12,050 DWT in total tonnage. The Company legally
changed its name to PT. Berlian Laju Tanker in 1988 and has made rapid
progress until today (as of 31st March 2009) by operating 90 vessels
with total tonnage capacity of 2.2 million DWT, servicing bulk liquid cargo
transportation both in domestic as well as international waters, covering
the Southeast Asia, Far East, South Asia, Middle East, Europe, and
America.
Due to the growth of petrochemical industries, the Company has taken
the opportunity to expand its business. In 1986, the Company diversified
its services into transporting other liquid cargoes such as chemicals,
liquefied petroleum gas (LPG), palm oil and molasses.
The Company is the first Indonesian shipping company that listed its
shares on the Jakarta Stock exchange in 1990. 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.
At the end of 2007 the Company acquired Chembulk Tankers LLC and
positioned itself as one of the largest providers of sea transportation
services specializing in the transportation of liquid cargoes throughout
the world. The Companys fleet of modern vessels is manned by well
trained and accomplished, experienced and internationally certified
officers and crew members.
The Company keeps delivering its best services inspired by the motto
Delivers with Safety, Competitiveness and Timeliness. Operating in
overall 90 tankers, and being supported by more than 1,500 experienced
and certified crews, the Company has become one of the most prominent
players in this industry.

ADDRESS
Wisma BSG, 10th Fl., Jl. Abdul Muis No. 40
Jakarta - 10160
Phone : (021) 350-5488, 350-5390 ext. 1059
Fax : (021) 350-5391, 350-5488
FINANCIAL HIGHLIGHT

Dec-2007

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

1,980,423
739,674
118,865
3,624,617
15,810,719
20,668,625
5,198,831
12,154,212
17,353,043
917,280
259,938
4,159
63
3,130,100
3,315,582

714,446
1,109,634
139,627
3,541,168
20,657,220
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

-63.92
50.02
17.47
-2.30
30.65
N/A
20.84
-4.62
16.17
9.95
N/A
10.35
10.35
43.10
77.87

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

3,641,773
2,504,681
1,137,092
239,021
898,071
-129,989
768,082
9,100
758,982

7,005,851
4,762,118
2,243,733
351,819
1,891,914
-324,103
1,567,811
9,849
1,557,962

92.37
90.13
97.32
47.19
110.66
-149.33
104.12
8.23
N/A
105.27

5.23
3.67
20.84
24.66

3.24
6.24
22.24
27.00

-38.19
69.87
6.70
9.51

BALANCE SHEETS

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

86

Million Rp except Par Value

Change %

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

1.

Series Name

BLTA03

2.

III Tahun 2007

SIKBLTA01

3.

BLTA04A

4.

BLTA04B

5.

6.

7.

Outstanding
(Rp Million)

700,000

Sukuk Ijarah Tahun 2007

IV Tahun 2009 Seri A

60,000

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

200,000

150,000

190,000

45,000

55,000

Listing
Date

06-Jul-07

06-Jul-07

29-May-09

29-May-09

29-May-09

29-May-09

29-May-09

Maturity
Date

05-Jul-12

05-Jul-12

28-May-10

28-May-12

28-May-14

28-May-12

28-May-14

Issue
Term

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 10.35%

05-Jan-08
05-Apr-08
05-Jul-08
05-Oct-08

idA+

Ijarah Fee Rp
20,600,000,000 p.a.

05-Jan-08
05-Apr-08
05-Jul-08
05-Oct-08

idA+ (sy)

Fixed: 14.25%

28-Aug-09
28-Nov-09
28-Feb-10
28-May-10

idA

Fixed: 15.50%

28-Aug-09
28-Nov-09
28-Feb-10
28-May-10

idA

5 Years

Fixed: 16.25%

28-Aug-09
28-Nov-09
28-Feb-10
28-May-10

idA

3 Years

Ijarah Fee Rp
150,000,000,- per Rp
1,000,000,000,- pa.

28-Aug-09
28-Nov-09
28-Feb-10
28-May-10

idA (sy)

5 Years

Ijarah Fee Rp
162,000,000,- per Rp
1,000,000,000,- pa.

28-Aug-09
28-Nov-09
28-Feb-10
28-May-10

idA (sy)

5 Years

5 Years

1 Year

3 Years

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

Executed
Yield (%)

YEAR 2008
Q1

Q2

9.417
9.572
28-Mar 12-Jun
9.592 10.187
9.563
9.417
9.570
9.624
WA1
20.00
69.00
Volume2
11.4% 39.4%
Turnover3
Modified Duration (Yrs): 5.349
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.418
22-Sep
10.244
9.367
9.992
50.50
28.9%

9.652
18-Dec
9.652
8.463
9.125
31.30
17.9%

9.592
11-Mar
13.779
9.558
9.789
16.05
9.2%

9.361
24-Jun
11.879
9.220
10.673
94.25
53.9%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

SIKBLTA01
No Transaction in 2008 and Q1-Q2 2009

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

87

BLTA04A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

3.50

12.5

2.80

10.0

2.10

7.5

1.40

5.0

0.70

2.5

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
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
9.711
11-Jun
9.720
9.679
9.703
3.00
20.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

BLTA04B
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 (%)

YEAR 2008
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A 10.238
N/A 29-May
N/A 10.848
N/A 10.238
N/A 10.795
N/A
12.00
N/A 32.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

BLTA04C
No Transaction in 2008 and Q1-Q2 2009
SIKBLTA02A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

3.50

12.5

2.80

10.0

2.10

7.5

1.40

5.0

0.70

2.5

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
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
10.034
04-Jun
10.034
10.034
10.034
3.00
26.7%

Q1-08

88

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

SIKBLTA02B
Trading Volume
(Rp Billion)

6.00

12.5

4.80

10.0

3.60

7.5

2.40

5.0

1.20

2.5

YEAR 2008

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): N/A
Last
Date
High
Low

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

Q1-Q2 2009

Q3

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

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

10.020
18-Jun
10.034
10.020
10.025
5.00
36.4%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

BLTA03

8.463

10.244

9.125

171

0.54

24.40%

5.349

2.

SIKBLTA01

9.240

9.615

9.427

46

0.14

22.84%

5.948

216

0.68

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
BLTA03 20

69

51

Q2-2008

Q3-2008

Q4-2008

Outstanding

31
700

Outstanding

--

SIKBLTA01 64 19 17
Outstanding

200
-

75

-150

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

225

300

375

450

525

600

675

750

89

BNIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BNI SECURITIES
:
:
:
:
:

ADDRESS
Sudirman Plaza, Indofood Tower 16th Fl.
Jl. Jend. Sudirman Kav. 76-78, Jakarta
Phone : (021) 570-1205, 2554-3946
Fax : (021) 570-1203, 579-35828

idBBB+
Securities Company
http://www.bnisecurities.co.id
Ronny Hari A.
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT BNI securities 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, which have been received and recorded by the Minister
of Justice and Human Rights of the Republic of Indonesia by virtue of
his decree dated September 15, 2008, Number: AHU-62669.AH.01.02.
Tahun 2008.
The company is securities firm with activities comprising of Underwriting
and Brokerage, Asset Management and Investment Banking and other
activities related to capital market regulation as licensed according to
Bapepam-LK decrees.
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.

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
INCOME STATEMENTS
Total Revenues
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

Change %

Dec-2007

Dec-2008

208,835
9,000
141,496

104,052
9,000
48,629

-50.17
-65.63

145,957
209,958
145,161
47,421
5,460
1,013,230
200,107

77,034
44,959
45,979
3,402
792,775
87,511

-47.22
-100.00
-69.03
-3.04
-37.68
-21.76
-56.27

96,319
27,783
681,601
200,000
100,000
100
1,000
231,629
331,629

81,986
536,336
200,000
100,000
100
1,000
156,439
256,439

-100.00
195.09
-21.31
N/A
-32.46
-22.67

138,269
86,414
51,854
-23,531
28,323
1,770
26,553

38,317
-72.29
96,798
12.02
-58,480
N/A
-39,240
-66.76
-97,720
N/A
22,530 1,172.79
N/A
-75,191
N/A
2.09
-9.48
-196.23
-152.62

2.06
2.62
19.20
37.50

1.76
N/A
N/A
N/A

AS OF JUNE 2009

No.

1.

90

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
Payment
Date

Coupon
Structure

Fixed: 12.00%

10-Feb-08
10-May-08
10-Aug-08
10-Nov-08

Rating

idBBB+

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

100

10.0

80

8.0

60

6.0

40

4.0

20

2.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

8.283
8.212
- 11-Jun 19-Sep
8.283
8.803
8.283
8.212
8.283
8.618
WA1
3.00
80.00
Volume2
4.0% 106.7%
Turnover3
Modified Duration (Yrs): 8.129

Q1

9.605
17-Dec
9.605
8.724
8.961
14.00
18.7%

Last
Date
High
Low

Q2
-

8.947
11-Jun
9.523
8.460
8.952
15.00
20.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BNIS01

Low

High

8.212

% of Total

97

0.30

32.33%

97

0.30

(Billion Rp)

8.961

9.605

Turnover
Ratio
(%)

TRADING VOLUME

TOTAL

Modified
Duration (Yrs)
End of Year
8.129

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
BNIS01 - 3

80

Q2-2008

Q2-2008

Q4-2008

Outstanding

14
300

Outstanding
-

30

60

90

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

120

150

-180

210

240

270

300

330

91

BNLI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK PERMATA TBK


:
:
:
:
:

ADDRESS
Permata Bank Tower I
Jl. Jend Sudirman Kav. 27, Jakarta - 12920
Phone : (021) 523-7899, 523-7999
Fax : (021) 523-7244, 523-7253

idA
Bank
http://www.permatabank.com
Sandy Tjipta Muliana
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Bank Permata Tbk (formerly PT Bank Bali Tbk) (The Bank) was
establish in Indonesia on December 17, based on Notarial Deed No. 228
of Eliza Pondang, S.H., substitute of Raden Mas Soerojo, S.H., notary
in Jakarta.
The deed of establish was approved by the Ministry of Justice of the
Republic of Indonesia in its Decision letter No. J.A.5/2/2 dated January
4, 1995, registered in Jakarta District Country 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 head office is located at Jalan Jenderal Sudirman Kav. 27,
Jakarta.

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
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-2007
702,666
311,713
6,586,022
25,289,060
84
1,328,510
1,624,835
39,298,423
31,076,396
177,190
709,263
1,501,596
35,336,070
59,677
2,600,000
1,300,534
7,743

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

-3,725,969 -2,772,181
3,902,676 4,288,662

Change %
74.51
551.90
-0.50
32.55
384.52
-2.43
58.97
37.56
38.53
1.53
-31.25
4.66
40.67
8.64
25.60
9.89

4,096,153
1,799,116
1,034,458
2,130,844
780,677
-43,879
736,798
227,886
-9,887
499,025

4,841,508
2,336,141
595,610
2,127,122
620,847
133,890
754,737
293,478
-8,850
452,409

18.20
29.85
-42.42
-0.17
-20.47
N/A
2.43
28.78
10.49
-9.34

9.05
1.27
12.18
19.06

11.59
0.84
9.34
12.82

28.01
-34.10
-23.30
-32.72

12,500 & 125 12,500 & 125

AS OF JUNE 2009

No.

1.

92

Code

BNLI01

Series Name

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

Coupon
Payment
Date

14-Mar-08
Year 1-5: 12.25%, Year 6- 14-Jun-08
10: 22.25%
14-Sep-08
14-Dec-08

Rating

idA

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

250

12.5

200

10.0

150

7.5

100

5.0

50

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q4

Q3

Q1

Q2

9.587
9.820
9.897 10.395 10.071 10.027
19-Mar 19-Jun 15-Sep 22-Dec 25-Mar 18-Jun
9.689
9.897 10.130 10.982 11.000 10.573
9.585
9.586
9.709
9.807
9.453
9.682
9.686
9.907 10.232
9.593
9.866
9.951
WA1
57.90
85.60 193.46 200.50 222.48 133.48
Volume2
46.3% 68.5% 154.8% 160.4% 178.0% 106.8%
Turnover3
Modified Duration (Yrs): 8.542
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

BNLI01

Low
9.585

High

Weighted Avg.
Executed
Yield (%)

10.982

10.232

TOTAL

% of Total

Turnover
Ratio
(%)

537

1.68

107.49%

537

1.68

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
8.542

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
58

BNLI01

Q2-2008

86

Q3-2008

Q4-2008

Outstanding

193

201
--

500

Outstanding
-

60

120

INDONESIA BOND MARKET DIRECTORY 2009


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

93

BNTB BANK NTB (BPD NTB)


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jl. Pejanggik No. 30
Mataram - 83126
Phone : (0370) 636-331, 635-332
Fax : (0370) 623-527

Aa3.id
Bank
H.M. Taufik Gozi
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT

PROFILE
This corporate started with establishing Bank Pembangunan Daerah
Nusa Tenggara Barat based on propinsi Nusa Tenggara barat district
rule no 6, 1963.
Based on Propinsi Daerah Tingkat I Nusa Tenggara Barat no. 5, April 21,
1999 Seri D Bank Pembagunan Daerah was changed into perseroan
terbatas (PT) Bank Pembangunan Daerah Nusa Tenggara Barat.

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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
46,820
134,653
71,015
1,393,869
1,125
30,642
16,098
1,922,791
1,290,522
13,047
49,254
36,421
1,674,210
250,000
163,292
16
10,000
43,105
248,580

Dec-2008
44,783
24,054
46,515
1,609,652
1,193
26,361
20,930
1,874,586
1,301,706
19,788
45,623
30,021
1,590,289
250,000
179,292
18
10,000
85,190
284,297

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

286,022
104,846
13,817
137,284
57,710
2,695
60,404
19,730
40,674

318,228
98,264
21,153
144,496
90,454
1,912
92,366
30,906
61,460

11.26
-6.28
53.10
5.25
56.74
-29.05
52.91
56.65
N/A
51.10

6.74
2.12
14.22
20.18

5.59
3.28
19.31
28.42

-16.95
54.99
35.81
40.88

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

Change %
-4.35
-82.14
-34.50
15.48
6.04
-13.97
30.01
-2.51
0.87
51.67
-7.37
-17.57
-5.01
N/A
9.80
9.80
97.64
14.37

AS OF JUNE 2009

No.

1.

94

Code

BNTB01B

Series Name

I Tahun 2005 Seri B

Outstanding
(Rp Million)

140,000

Listing
Date

11-Apr-05

Maturity
Date

08-Apr-10

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 12.875%

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

Rating

Aa3.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BNTB01B
Trading Volume
(Rp Billion)

50.0

12.5

40.0

10.0

30.0

7.5

20.0

5.0

10.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

10.602
10-Mar
10.675
10.594
10.623
WA1
3.00
Volume2
8.6%
Turnover3
Modified Duration (Yrs): 3.975

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4

12.644
22-Sep
12.644
10.738
11.498
46.00
131.4%

Q1
-

Q2

11.988
20-Mar
11.993
10.925
11.445
16.00
45.7%

10.611
04-Jun
10.639
10.583
10.624
24.00
68.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

BNTB01B

Low

High

10.594

12.644

Weighted Avg.
Executed
Yield (%)
11.498

TOTAL

% of Total

Turnover
Ratio
(%)

49

0.15

35.00%

49

0.15

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
3.975

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)

3-

BNTB01B

Q1-2008

Q2-2008

46

Q3-2008

Q4-2008

Outstanding

140

Outstanding
-

15

30

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

45

60

-75

90

105

120

135

150

95

BRNA BERLINA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jl. Raya Pandaan KM 43
Pandaan - 67156
Phone : (0343) 631-901
Fax : (0343) 631-902

Baa3.id
Plastics & Packaging
Lioe Cu Ling
Bank Permata Tbk
FINANCIAL HIGHLIGHT

PROFILE
Established in Pandaan, East Java in 1969 with only one Germanmade Bekum Blow Molding Machine. Later expanded and became a
major manufacturer of rigid plastics containers, with a primary focus on
Cosmetics and Pharmaceuticals Industries. Main customers include
national and multinational corporations such as Unilever, LOreal, Kao,
Pfizer, Jordan, and Avon etc.
Started its first business relationship with Unilever in 1971 and later
became the first supplier of Sunsilk bottles. In 1979, produced one
million bottles per month for Sunsilk and Clear Shampoo.
Continued to grow fast, in 1981 expanded to Toothbrush manufacturing,
appointed as the contract manufacturer for Jordan (Norway), Pepsodent
(Unilever), Reach (Johnson and Johnson), and Prodent (Prodenta)
brands.
In 1982, acknowledged as the leader in rigid plastics container, also
being the first Indonesian processor of Co-extruded (multi layers) bottles
used for Pesticides and Herbicides containers. In 1989, became the
first producer of five gallons Polycarbonate Mineral Water bottles in the
country.
To serve the growing number customers in West area better, in 1984, set
up a Plant located in Tangerang, West Java.
The Company was public listed in Jakarta and Surabaya Stock Exchange
in September 1989. Consistent with its commitment to quality and to
announce itself as a real global player, in December 1998 the company
received ISO 9001 Certificate. Today, producing more than 500 product
items per month for various local and export industries.

Million Rp except Par Value

Dec-2007

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

28,878
79,638
41,165
175,649
195,360
1,652
387,273
72,923
137,744
210,667
20,074
50,000
34,500
69
500
112,564
156,532

44,264
104,137
55,005
222,591
199,934
1,291
432,642
94,296
136,350
230,647
20,698
75,000
34,500
138
250
129,922
181,297

53.28
30.76
33.62
26.73
2.34
-21.84
11.71
29.31
-1.01
9.48
3.11
50.00
100.00
-50.00
15.42
15.82

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

375,941
303,847
72,094
45,216
26,878
-10,228
16,650
3,377
-2,893
10,380

479,934
387,973
91,961
51,611
40,350
-11,347
29,003
6,504
-1,734
20,764

27.66
27.69
27.56
14.14
50.12
-10.94
74.19
92.62
40.05
100.03

1.35
2.68
2.76
7.15

1.27
4.80
4.33
8.41

-5.47
79.06
56.69
17.59

BALANCE SHEETS

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

Change %

AS OF JUNE 2009

No.

1.

2.

96

Code

Series Name

BRNA01B

I Tahun 2004 Seri B

BRNA01C

Syari'ah Ijarah I Tahun


2004

Outstanding
(Rp Million)

32,000

85,000

Listing
Date

16-Dec-04

16-Dec-04

Maturity
Date

15-Dec-09

15-Dec-09

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

5 Years

Rating

Fixed: 13.75%

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

Baa3.id

Ijarah Fee
Rp2,921,875,000,quarterly

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

Baa3.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BRNA01B
Trading Volume
(Rp Billion)

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 7.085

Q3
-

Last
Date
High
Low

Q1-Q2 2009

Q4

Q1

Q2

10.887
28-Oct
10.956
10.887
10.951
8.50
106.3%

10.632
26-Dec
10.632
10.632
10.632
1.00
12.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

BRNA01C
Trading Volume
(Rp Billion)

15.0

12.5

12.0

10.0

9.0

7.5

6.0

5.0

3.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

10.901 10.920
21-Feb 15-May
10.901 11.012
10.881 10.920
1
10.888
11.003
WA
2.30
7.20
Volume2
10.8% 33.9%
Turnover3
Modified Duration (Yrs): 7.522
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

10.918
28-Aug
10.998
10.574
10.843
12.20
57.4%

10.947
19-Dec
10.952
10.789
10.861
11.10
52.2%

Q1

Q2

10.749
19-Mar
10.749
10.749
10.749
7.70
36.2%

11.446
15-Jun
11.450
10.676
11.030
4.80
22.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
Code

No.

Low

High

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

BRNA01B

10.887

10.956

10.951

0.03

26.56%

7.085

2.

BRNA01C

10.574

11.012

10.861

33

0.10

38.59%

7.522

41

0.13

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
BRNA01B -

Q2-2008

Q4-2008

Outstanding

Outstanding

--

32

BRNA01C

Q3-2008

12

11

Outstanding

--

85
-

10

20

INDONESIA BOND MARKET DIRECTORY 2009


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

97

BSDE BUMI SERPONG DAMAI TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Taman Perkantoran I BSD
Jl. Raya Serpong, Tangerang - 15322
Phone : (021) 537-0161
Fax : (021) 537-0002,537-0003

idBBB
Property & Real Estate
http://www.bsdcity.com
Hendrianto Kenanga
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Bumi Serpong Damai Tbk established in 1984 to develop a township
on approximately 5,950 hectares of land located towards the southwest
of Jakarta. According to Real Estat Indonesia, BSDCity will be one of the
largest privately developed townships in terms of the location permits
sanctioned in the Jakarta-Bogor-Depok-Tangerang-Bekasi, or the
Jabodetabek area in Indonesia and it will comprise a mix of residential
and industrial properties and a central business district. BSD Citys focus
is to provide quality living conditions for residents, create a commercial
community and to provide for industry and trade within and around
the confines of a township development. BSDCity will be supported
with its social and recreational facilities and adequate infrastructure
and technology, which will support the businesses and the resident
community living within the city.
BSDCity is located approximately 25 kms southwest of Jakarta and
is connected to Jakarta and all parts of the Jabodetabek region
through a network of primary (including toll roads and highways) and
secondary roads and railways. BSDCity is an integrated township
currently comprising, among other things, 12 residential estates, two
sub-town centers that are equipped with retail and commercial facilities,
an industrial estate and public and social facilities, including schools,
parks and utilities. BSDCity has been designed to cater to both local
and foreign customers. BSDCity is based on a master plan (the Master
Plan) developed by the Company along with several international
consultants. Pursuant to the Master Plan, BSDCity is intended to grow
to comprise up to approximately 80 residential estates, seven sub-town
centers and a complete central business district. The development in
BSDCity is carried out in 3 phases, which are phase I for 1,800 hectares,
phase II for 2,000 hectares and phase III for 2,150 hectares.
The development of phase 1 is almost complete meanwhile the
development of phase II is already started.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

275,096
55,362
1,376,992
63,360
78,019
3,607,961
27,729
2,339,539
1,000,000
984,206
1,968
500
273,439
1,268,422

9,510,494 3,357.15
17,433
-68.51
1,689,566
22.70
109,154
72.28
102,324
31.15
N/A
4,381,085
21.43
40,736
46.91
2,305,956
-1.44
N/A
2,000,000
100.00
1,093,562
11.11
10,936
455.56
100
-80.00
81.72
496,901
2,075,130
63.60

Change %

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

1,440,718
992,527
448,191
179,897
268,294
-127,528
140,766
34,201
106,564

1,386,111
744,459
641,651
229,636
412,015
-107,888
304,127
80,665
223,462

-3.79
-24.99
43.16
27.65
53.57
15.40
116.05
135.85
N/A
109.70

1.84
2.95
7.40
18.62

1.11
5.10
16.12
29.72

-39.75
72.69
117.96
59.62

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

98

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
Payment
Date

Coupon
Structure

Fixed: 15.00%

20-Jan-08
20-Apr-08
20-Jul-08
20-Oct-08

Rating

idBBB

INDONESIA BOND MARKET DIRECTORY 2009


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

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.574
9.511
19-Mar 25-Jun
10.487 10.336
9.574
9.511
9.970
9.868
WA1
100.10
76.70
Volume2
66.7% 51.1%
Turnover3
Modified Duration (Yrs): 5.112
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.267 10.423 10.705 10.094


25-Sep 24-Dec 20-Mar 22-Jun
10.336 11.420 11.930 10.670
10.025 10.023 10.078
9.765
10.162 10.392 10.509 10.236
92.64 218.60 250.46 270.05
61.8% 145.7% 167.0% 180.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BSDE02

High

Low
9.511

11.420

% of Total

Turnover
Ratio
(%)

488

1.53

81.34%

488

1.53

TRADING VOLUME
(Billion Rp)

10.392

TOTAL

Modified
Duration (Yrs)
End of Year
5.112

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
100

BSDE02

Q2-2008

77

Q3-2008

Q4-2008

93

Outstanding

219
600

Outstanding
-

60

120

180

INDONESIA BOND MARKET DIRECTORY 2009


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

99

BSEC BHAKTI SECURITIES


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Kebon Sirih 4th Fl.
Jl. Kebon Sirih No. 17-19, Jakarta - 10340
Phone : (021) 392-2000
Fax : (021) 3983-6857

Baa1.id
Securities Company
http://www.bhaktisecurities.com
Fransiska L. Therik
Bank Mega Tbk

PROFILE

FINANCIAL HIGHLIGHT

Bhakti Securities is a securities company, established in Jakarta in


2004. The company is affiliated with Bhakti investama Group and has
conducting its business in capital market in Indonesia since 1989.
Currently, Bhakti Securities with complete activities in securities
business, such as:
Financial Advisory Services
- Restructuring and Merger & Acquisition
- Underwriting,
- Origination & Syndication
Brokerage and Securities Trading Services
- Equity Instrument (shares, Warrant, Rights, etc)
- Fixed Income Instrument (Bonds, Convertible Bonds, Medium
Term Notes, Government Bonds, etc)
- Other Activities (Repurchase Agreement, Margin Trading etc)
Research and Business Development Services:
- Securities Research
- Special Project Research

BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers

Companys headquarter is in Jakarta and supported with office network


widely spread in several big cities in Indonesia. Starting in 2008, PT
Bhakti Securities shall operate as a full service securites company, as
follows:
Retail investors
- Perform a fully automated system in opening accounts,
distribution of research reports, management of portfolio,
portfolio systems reporting, financing of deferred transaction,
margin trading financing, custodian and transfer of portfolio at
zero cost within sub-accounts in PT Bhakti Securities.
- Strive to perform Share Option Contract transactions
and shares of Index Option.
- Provide bond transaction to retail clients.
Institutional investors
- Perform a fully automated system in opening accounts,
distribution of research reports, management of portfolio,
private placement/wholesale transacitons, system monitoring
and reporting.
- Provide portfolio enhancement facility to achieve an optimal
investment return.
As the performance of the Company progresses yearly, PT Bhakti
Securities has received the following awards:
Top awards as the most active company in equity transaction on
the Surabaya Stock Exchange in 2007.
Award from Investor magazine as the Best Securities Company
in 2007.

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
INCOME STATEMENTS
Total Revenues
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-2007

Dec-2008

27,947
3,548
154,675

34,944
3,779
269,325

Change %
25.03
6.50
74.12

188,640
227,299
3,795
294
608,226
181,069

388,686
208,290
7,555
335
921,847
426,379

106.05
-100.00
N/A
99.11
13.86
51.56
135.48

106,328
37,977
356,989
400,000
100,000
100
1,000
151,115
251,237

35,906
660,592
400,000
100,000
100
1,000
161,256
261,256

-100.00
-5.45
85.05
N/A
6.71
3.99

149,592
28,197
121,395
3,733
125,128
26,945
98,183

57,540
32,894
24,645
-9,863
14,782
4,642
10,140

-61.54
16.66
-79.70
N/A
-88.19
-82.77
N/A
-89.67

1.42
16.14
65.63
81.15

2.53
1.10
17.62
42.83

77.95
-93.19
-73.15
-47.22

AS OF JUNE 2009

No.

1.

100

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
Payment
Date

Coupon
Structure

Fixed: 14.00%

30-Aug-08
30-Nov-08
02-Mar-09
02-Jun-09

Rating

Baa1.id

INDONESIA BOND MARKET DIRECTORY 2009


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)

30.0

12.5

24.0

10.0

18.0

7.5

12.0

5.0

6.0

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q3

9.752
N/A
N/A 23-Jun
N/A
9.752
N/A
9.752
N/A
9.752
WA1
N/A
26.00
Volume2
N/A 69.3%
Turnover3
Modified Duration (Yrs): 3.278
Last
Date
High
Low

Q4

9.636
19-Aug
9.752
9.636
9.748
11.25
30.0%

Q1
-

Q2
-

9.751
02-Apr
9.751
9.751
9.751
1.00
2.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BSEC01

Low
9.636

High

9.748

9.752

TOTAL

% of Total

Turnover
Ratio
(%)

37

0.12

24.83%

37

0.12

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
3.278

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
BSEC01 -

26

Q2-2008

Q2-2008

Q4-2008

Outstanding

11 150

Outstanding
-

20

40

INDONESIA BOND MARKET DIRECTORY 2009


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

101

BSLT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK SULUT (BPD SULAWESI UTARA)


:
:
:
:
:

ADDRESS
Jl. Sam Ratulangi No. 9
Manado - 95111
Phone : (0431) 851-451, 861-761
Fax : (0431) 854-522, 846-515

idBBB
Bank
Felming Harun
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT

PROFILE
PT Bank Pembangunan Daerah Sulawesi Utara (BANK SULUT),
firstly established as PT Bank Pembangunan Daerah Sulawesi Utara
Tengah, founded under the act no. 88 Mach 17, 1961, made by Raden
Hadiwidodo, renewed by Raden Kadiman thereafter, under the act no.
22 dated August 4, 1961.
Based on statement from Indonesia ministry of finance no BUM. 9-3-22
may 18, 1961, the minister gave the bank permission to PT Bank Sulut,
in Gorontalo.
According to the article 3 of Banks Article of Association, the Bank
objective is to engange in banking business and others financial
services.

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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
79,774
478,190
66,624
1,132,712
2,642
43,834
27,180
2,249,548
1,847,607
27,443
3,361
5,107
2,072,778
300,000
117,272
1.17
100,000
59,322
176,770

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

329,857
133,004
14,892
159,467
52,278
2,361
54,639
19,443
35,196

354,432
136,659
17,497
168,252
67,018
4,301
71,319
23,533
47,786

7.45
2.75
17.49
5.51
28.20
82.17
30.53
21.04
N/A
35.77

11.73
1.56
10.67
15.85

13.62
1.61
13.48
18.91

16.18
2.62
26.36
19.31

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

Change %
-22.73
76.47
166.68
40.01
-63.37
-6.38
40.81
32.31
-0.95
-43.12
-23.55
46.03
33.77
N/A
7.89
7.89
29.53
15.14

AS OF JUNE 2009

No.

1.

102

Code

BSLT03

Series Name

III Tahun 2005

Outstanding
(Rp Million)

200,000

Listing
Date

13-May-05

Maturity
Date

12-May-10

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 12.75%

12-Feb-08
12-May-08
12-Aug-08
12-Nov-08

Rating

idBBB

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
BSLT03
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

8.559
8.555
14-Mar 17-Apr
8.667
8.555
8.531
8.555
8.576
8.555
WA1
81.00
1.00
Volume2
162.0%
2.0%
Turnover3
Modified Duration (Yrs): 4.868
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

8.610
17-Jul
8.610
8.610
8.610
11.46
22.9%

8.578
23-Oct
9.028
8.578
8.684
12.31
24.6%

9.141
8.617
20-Mar 25-Jun
9.141
8.728
8.550
8.539
8.630
8.657
50.66
34.44
68.9% 101.3%

Q2

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

BSLT03

Low

High

8.531

9.028

% of Total

Turnover
Ratio
(%)

106

0.33

52.89%

106

0.33

TRADING VOLUME
(Billion Rp)

8.684

TOTAL

Modified
Duration (Yrs)
End of Year
4.868

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

81

BSLT03

Q3-2008
1 11

Q4-2008

Outstanding

12
--

200

Outstanding
-

20

40

60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

80

100

120

140

160

180

200

220

103

BTEL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BAKRIE TELECOM TBK


:
:
:
:
:

ADDRESS
Wisma Bakrie, 2nd Fl.
Jl. HR. Rasuna Said Kav. B-1, Jakarta - 12920
Phone : (021) 910-1112
Fax : (021) 910-0080

idATelecommunications
http://www.bakrietelecom.com
Harry Prabowo
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Bakrie Telecom Tbk 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 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.
BTEL became a public company in February 2006 when it was listed
on the Jakarta Stock Exchange. At the end of 2006, BTEL received a
license in principal from the Government of Indonesia to expand its fixed
wireless network nationally. In June 2007, a Ministerial Decree from the
Minister for Telecommunications and Information confirmed this license
to offer our products across the whole of the Indonesian archipelago.
Concurrently, BTEL also received permission to offer International Direct
Dialing (IDD) facilities through its network.
By the end of 2008, BTEL was serving 7.30 million subscribers via
a network of 53 Mobile Switching Centers (MSC), 40 Base Station
Controllers (BSC) and 2,772 Base Transceiver Stations (BTS). Our
network services were available in 64 cities across the nation.
Looking ahead, BTEL will remain focused on its customers. We will
make every effort to ensure that all Indonesians can enjoy the right to
affordable telecommunications services that enhance the prosperity of
each member of the community.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

295,663
102,986
18,427
926,983
3,307,202
4,664,164
514,367
2,274,588
2,788,955
5,211,165
2,470,518
18,954
200 & 100
-846,870
1,875,209

501,640
120,971
35,758
2,308,318
5,303,281
8,545,973
1,067,478
2,396,443
3,463,921
5,211,165
3,423,392
28,482
200 & 100
-710,057
5,082,052

69.67
17.46
94.05
149.01
60.36
N/A
83.23
107.53
5.36
24.20
N/A
38.57
50.27
16.16
171.01

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

1,289,889
971,600
318,289
971,600
318,289
-98,596
219,693
75,424
144,269

2,202,292
1,823,659
378,633
1,823,659
378,633
-200,576
178,056
41,244
136,813

70.74
87.70
18.96
87.70
18.96
-103.43
-18.95
-45.32
N/A
-5.17

1.49
3.09
11.18
24.68

0.68
1.60
6.21
17.19

-54.17
-48.24
-44.46
-30.33

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

104

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
Payment
Date

Coupon
Structure

Fixed: 11.90%

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

Rating

idA-

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

8.884
8.904
17-Mar 12-Jun
8.884
8.906
8.854
8.800
8.861
8.828
WA1
28.50 130.00
Volume2
17.5% 80.0%
Turnover3
Modified Duration (Yrs): 9.166
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.826
11-Sep
8.905
8.765
8.835
14.00
8.6%

8.944
24-Dec
9.579
8.734
8.862
65.35
40.2%

8.837
12-Mar
8.944
8.817
8.822
56.10
34.5%

8.831
24-Jun
8.831
8.802
8.823
8.00
4.9%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

BTEL01

High

Low
8.734

Weighted Avg.
Executed
Yield (%)

9.579

8.862

TOTAL

% of Total

Turnover
Ratio
(%)

238

0.75

36.59%

238

0.75

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
9.166

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
29

BTEL01

130

Q2-2008
14

Q3-2008

Q4-2008

Outstanding

65
--

650

Outstanding
-

70

140

INDONESIA BOND MARKET DIRECTORY 2009


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

105

BVIC
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK VICTORIA INTERNATIONAL TBK


:
:
:
:
:

ADDRESS
Bank Panin Building, Senayan Ground Floor
Jl. Jend. Sudirman No. 1, Jakarta - 10270
Phone : (021) 573-5425
Fax : (021) 573-5429

A1.id
Bank
http://www.victoriabank.co.id
Tamunan Kiting
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
Bank Victoria was established in 1992, and has maintained its competition
in the national banking realm. Up to the end of September 2008, Bank
Victoria has a network of 68 branches that are ready to serve custumers
in Jabodetabek (Jakarta, Bogor, Depok, Tangerang and Bekasi) area.
The Bank is currently focusing on retail banking.
The Company was listed in the Jakarta Stock Exchange since 1999, is
active in executing corporate action such as right issus and securities
public offering. In 2007 Bank Victoria issued Corporate Bond II BVIC Rp
200 billion and Subordinated Bond I BVIC Rp 200 biilion. To strengthen
the Equity structure, Bank Victoria obtained the effective notice from
Bapepam and LK in its letter No.S-4114/BL/2008 dated 26 June 2008,
for its public offering, through Preemptive Right Issue IV to stockholders
of Rp 124 billion, with Rp 66,97 billion Warrant Series V.
In August 2007, Bank Victoria acquired 99.80 % of Bank Swaguna share.
Bank Swaguna has a head office in Jakarta and branches in Bekasi,
Cirebon, Bandung, Tegal and Denpasar. Bank Swaguna is planned to be
converted to Bank Syariah.
In June 2008, Bank Victoria managed to attain Assets of Rp 5,66 trillion,
Loans were Rp 2,27 trillion, Deposits were recorded at Rp 4,19 trillion and
Net income of Rp 24.54 bliion as at 30 June, 2008. Some achievements
in Financial ratios are indicated by:
NIM 2.64%
CAR 17.25%
ROA 1.24%
ROE 12.79%
LDR increased to 53.60%

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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
14,981
197,395
2,477,204
1,953,183
61
124,566
10,443
5,268,995
4,427,422
5,736
19,053
4,865,424
9
517,800
233,500
2,335
100
143,175
403,562

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

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

352,275
272,191
43,465
65,518
58,032
-55
57,976
8,422
-0
49,554

523,426
406,685
17,443
90,082
44,102
684
44,786
9,524
-1.1
35,262

48.58
49.41
-59.87
37.49
-24.00
N/A
-22.75
13.08
-350.00
-28.84

12.06
0.94
14.07
16.47

9.66
0.63
6.74
8.43

-19.91
-33.35
-52.11
-48.85

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

Change %
56.40
94.64
5.72
8.69
30.12
-13.46
6.76
-75.29
61.66
N/A
34.91
4.76
11.45
170.37
50.00
50.00
28.69
30.81

AS OF JUNE 2009

No.

1.

2.

106

Code

BVIC02A

BVIC02B

Series Name

II Tahun 2007

Subordinasi I Tahun 2007

Outstanding
(Rp Million)

200,000

200,000

Listing
Date

22-Mar-07

22-Mar-07

Maturity
Date

21-Mar-12

21-Mar-17

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

10 Years

Rating

Fixed: 12.00%

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

A1.id

Year 1-5: 12.50%; Year 610: 21.50%

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

A3.id

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

75.0

12.5

60.0

10.0

45.0

7.5

30.0

5.0

15.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.651 10.244
13-Mar 23-Jun
10.358 10.499
9.651
9.794
9.931 10.191
WA1
19.40
34.60
Volume2
38.8% 69.2%
Turnover3
Modified Duration (Yrs): 8.968
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.328 10.249 10.815 10.499


25-Sep 30-Dec 05-Mar 24-Jun
10.464 11.293 10.815 11.264
9.590
9.923
9.591 10.047
10.194 10.456 10.388 10.610
35.90
73.30
59.55
62.25
71.8% 146.6% 119.1% 124.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

BVIC02B
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

10.724 10.895
26-Mar 27-May
10.724 10.895
10.702 10.819
1
10.721 10.860
WA
20.00
6.00
Volume2
40.0% 12.0%
Turnover3
Modified Duration (Yrs): 3.727
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.906
14-Aug
10.906
10.902
10.904
22.20
44.4%

10.811
09-Dec
12.778
10.760
11.403
25.90
51.8%

10.724 10.859
08-Jan 24-Jun
10.755 11.422
10.724 10.859
10.739 10.877
33.00
56.50
66.0% 113.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

BVIC02A

9.591

11.293

10.456

163

0.51

81.60%

8.968

2.

BVIC02B

10.702

12.778

11.403

74

0.23

37.05%

3.727

237

0.74

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
19

BVIC02A

Q2-2008

35

20

22

20

40

S T O C K

200

--

200

--

26

60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

Outstanding

73

Outstanding
-

Q4-2008

36

Outstanding

BVIC02B

Q3-2008

E X C H A N G E

80

100

120

140

160

180

200

220

107

CLPK
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

CILIANDRA PERKASA
:
:
:
:
:

ADDRESS
Wisma 77, 7th Fl.
Jl. Letjend. S. Parman Kav. 77, Slipi, Jakarta - 11410
Phone : (021) 5367-0888
Fax : (021) 5367-1888

idAPlantation
http://www.ciliandraperkasa.co.id
Atan Masri
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Ciliandra Perkasa is the principal subsidiary of First Resources Ltd,
which is listed on the mainboard of the Singapore Exchange. PT Ciliandra
Perkasas main businesses activities are in cultivating and harvesting oil
palms, and processing the fruits into crude palm oil and palm kernel for
local and export sales. As of 31 December 2008, we manage more than
85,400 hectares of planted oil palm plantations and operate 7 palm oil
mills in the Riau province of Sumatra, Indonesia.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

707,156
32,965
142,081
1,077,086
1,065,470
3,747,579
394,740
2,081,669
2,476,409
372,204
500,000
450,000
450
1,000
457,490
898,757

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

-15.45
109.77
49.10
-14.01
58.97
N/A
21.23
23.46
-90.54
11.88
65.29
60.79
28.79

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

1,516,187
648,282
867,905
88,725
779,180
-116,030
663,150
200,125
-130,704
332,683

2,541,211
1,051,987
1,489,224
272,955
1,216,269
-280,546
935,723
265,146
-242,841
438,366

67.61
62.27
71.59
207.64
56.10
-141.79
41.10
32.49
-85.80
31.77

2.76
8.88
21.94
51.39

2.39
9.65
17.25
47.86

-13.13
8.69
-21.38
-6.87

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

108

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
Payment
Date

Coupon
Structure

Fixed: 11,50%

27-Feb-08
27-May-08
27-Aug-08
27-Nov-08

Rating

idA-

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

8.522
8.119
27-Mar 09-Jun
8.501
8.846
8.393
8.119
8.439
8.525
WA1
130.20
89.50
Volume2
104.2% 71.6%
Turnover3
Modified Duration (Yrs): 9.080
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.728
26-Sep
8.987
8.163
8.519
70.20
56.2%

10.071
24-Dec
10.074
8.222
8.496
118.65
94.9%

8.471
25-Mar
8.506
8.257
8.400
26.55
21.2%

9.411
25-Jun
10.297
8.376
9.738
124.60
99.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

CLPK02

Low

High

8.119

% of Total

409

1.28

81.71%

409

1.28

(Billion Rp)

8.496

10.074

Turnover
Ratio
(%)

TRADING VOLUME

TOTAL

Modified
Duration (Yrs)
End of Year
9.080

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

90

70

130

CLPK02

Q4-2008

Outstanding

119
--

500

Outstanding
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2009


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

109

CMNP CITRA MARGA NUSAPHALA PERSADA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Citra Marga Building, Jl.Angkasa No.20 Kemayoran
Jakarta - 10610
Phone : (021) 4288-5282
Fax : (021) 4288-5281

A1.id
Tollroad, Airport, Harbor & Allied Product
http://www.cmnp.co.id
Hudaya Arryanto
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Citra Marga Nusaphala (CMNP) was established in 1987 as the
first private toll road construction and operating company in Indonesia.
CMNP obtained Indonesias toll road concession based on the Toll Road
Implementation Authority Agreement (hereinafter referred to as the
Agreement) with PT Jasa Marga, a state-owned toll road operating
company. CMNP was listed on the Jakarta Stock Exchange in 1995, and
39.6% of its shares were held by public-sector entities as of December
31, 2000. Other major shareholders are three state-owned companies,
including PT Jasa Marga, with a combined share of 32.6%. A foundation
Yayasan Purna Bhakti Pertiwi headed by the current President holds
11.0% and the company associated with the eldest daughter of former
President Suharto holds 2.4%.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

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

151,659
1,093
160,706
2,434,691
21,200
2,720,480
163,380
1,131,943
1,295,323
64,176
3,600,000
1,000,000
2,000
500
337,411
1,360,981

-48.31
78,397
14,143 1,194.16
N/A
95,193
-40.77
2,531,425
3.97
33,984
60.30
2,791,108
2.60
1,190,097
628.42
128,451
-88.65
1,318,548
1.79
57,134
-10.97
3,600,000
1,000,000
2,000
500
391,852
16.13
1,415,426
4.00

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

496,211
281,226
214,984
281,226
214,984
-39,820
175,220
54,896
273
120,598

572,028
15.28
314,545
11.85
257,483
19.77
314,545
11.85
257,483
19.77
-120,553 -202.74
136,828
-21.91
30.11
71,426
7,040 2,477.97
-39.93
72,442

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

0.95
4.43
24.30
43.33

Change %

0.93
2.60
12.66
45.01

-2.12
-41.45
-47.89
3.89

AS OF JUNE 2009

No.

1.

110

Code

CMNP03C

Series Name

III Tahun 2005 Seri C

Outstanding
(Rp Million)

100,000

Listing
Date

09-Jun-05

Maturity
Date

08-Jun-10

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 13.00%

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

Rating

A1.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
CMNP03C
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.968
- 27-May
9.968
9.770
9.903
WA1
7.00
Volume2
28.0%
Turnover3
Modified Duration (Yrs): 8.396
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.795
19-Sep
9.795
9.795
9.795
4.00
16.0%

9.851
22-Dec
9.851
9.596
9.662
8.00
32.0%

Q1

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

CMNP03C

Low

High

9.596

% of Total

19

0.06

19.00%

19

0.06

(Billion Rp)

9.662

9.968

Turnover
Ratio
(%)

TRADING VOLUME

TOTAL

Modified
Duration (Yrs)
End of Year
8.396

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
CMNP03C -

Q2-2008

Q3-2008

Q4-2008

Outstanding

8
100

Outstanding
-

10

20

30

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

40

50

-60

70

80

90

100

110

111

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 3 trillion in total assets as of December 2007.
The company is presently supported by a presence in 8 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.

112

ADDRESS
Danareksa Building
Jl. Medan Merdeka Selatan No. 14, Jakarta - 10110
Phone : (021) 350-9777, 350-9888
Fax : (021) 350-0989, 350-1712

idA
Others Finance
http://www.danareksa.com
Frans N. Sukardi
Bank Mega Tbk

FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

631,500
1,531,081
133,167
48,295
3,300,648
61,819
2,572,195
2
2,800,000
701,480
1
1
-176,119
728,451

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

-1.41
15.26
N/A
N/A
-3.35
-56.26
-9.18
N/A
-63.38
-12.59
-12.39
13.31
2.85

505,849
335,469
170,380
-62,413
107,967
51,769
-0.2
56,197

219,918
6,744
44,019
8,441
52,460
29,013
23,447.0
23,447

-56.53
-97.99
-74.16
N/A
-51.41
-43.96
N/A
-58.28

3.53
1.70
11.11
33.68

3.00
0.78
10.66
20.02

-15.01
-54.06
-4.03
-40.57

INCOME STATEMENTS
Total Revenues
Expenses
Operating Profit
Other Income
Earning Before Tax
Net Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

INDONESIA BOND MARKET DIRECTORY 2009


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

1.

Series Name

DNRK02

II Tahun 2007

DNRK03A

2.

3.

120,000

III Tahun 2008 Seri B

DNRK03C

5.

500,000

III Tahun 2008 Seri A

DNRK03B

4.

Outstanding
(Rp Million)

130,000

III Tahun 2008 Seri C

DNRK04

250,000

IV Tahun 2009

200,000

Listing
Date

26-Sep-07

23-Jun-08

23-Jun-08

23-Jun-08

15-Apr-09

Maturity
Date

25-Sep-12

20-Jun-10

20-Jun-11

20-Jun-13

14-Apr-11

Issue
Term

5 Years

2 Years

3 Years

5 Years

2 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 10.875%

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

idA-

Fixed: 12.50%

20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09

idA-

Fixed: 13.00%

20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09

idA-

Fixed: 13.50%

20-Sep-08
20-Dec-08
20-Mar-09
20-Jun-09

idA-

Fixed: 16.00%

14-Jul-09
14-Oct-09
14-Jan-10
14-Apr-10

idA-

TRADING HIGHLIGHT
DNRK02
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

20.0

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

Q4

Q1

Q2

12.5

16.0

10.0

12.0

7.5

8.0

5.0

4.0

2.5

9.645
9.785
05-Mar 12-Jun
9.899
9.645
9.785
9.645
9.871
9.645
WA1
19.00
1.00
Volume2
15.2%
0.8%
Turnover3
Modified Duration (Yrs): 8.325
Last
Date
High
Low

9.273
12-Aug
9.273
9.273
9.273
1.00
0.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

113

DNRK03A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

7.50

12.5

6.00

10.0

4.50

7.5

3.00

5.0

1.50

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

N/A 10.724
N/A 20-Jun
N/A 10.724
N/A 10.724
1
N/A 10.724
WA
2
N/A
3.00
Volume
N/A 10.0%
Turnover3
Modified Duration (Yrs): 8.226
Last
Date
High
Low

Q4

10.724
23-Sep
10.724
10.724
10.724
7.00
23.3%

Q1
-

Q2
-

10.628
22-Jun
10.671
10.628
10.643
6.00
20.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

DNRK03B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

2.50

12.5

2.00

10.0

1.50

7.5

1.00

5.0

0.50

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

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

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4
-

Q1
-

Q2
-

11.211
13-May
11.261
11.211
11.236
2.00
6.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

DNRK03C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

0.20

12.5

0.16

10.0

0.12

7.5

0.08

5.0

0.04

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

N/A 11.405
N/A 24-Jun
N/A 11.405
N/A 11.405
1
N/A 11.405
WA
N/A
0.15
Volume2
N/A
0.2%
Turnover3
Modified Duration (Yrs): 7.729
Last
Date
High
Low

Q4
-

Q1
-

Q2
-

Q1-08

114

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

DNRK04
Trading Volume
(Rp Billion)

20.0

12.5

16.0

10.0

12.0

7.5

8.0

5.0

4.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

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

Q1-Q2 2009

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

N/A 11.424
N/A 12-May
N/A 11.424
N/A 11.424
N/A 11.424
N/A
19.40
N/A 38.8%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

DNRK02

9.273

9.899

9.273

21.0

0.066

4.20%

8.325

2.

DNRK03A

10.724

10.724

10.724

10.0

0.031

8.33%

8.226

3.

DNRK03B

4.

DNRK03C

11.405

11.405

11.405

0.2

0.000

0.06%

7.729

31.2

0.098

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

19

DNRK02

--

500

Outstanding

DNRK03A --

120

Outstanding

DNRK03B
Outstanding

--

130

DNRK03C Outstanding

--

250
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2009


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

115

DUTI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

DUTA PERTIWI TBK


:
:
:
:
:

ADDRESS
ITC Mangga Dua 7th & 8th Fl.
Jl. Mangga Dua Raya, Jakarta - 14430
Phone : (021) 601-9788
Fax : (021) 601-8555, 601-7039

idBBB
Property & Real Estate
http://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.
2.
3.
4.

Superblock and commercial


Landed residential
Office building
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-2006

Dec-2007

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

289,218
65,235
1,332,052
489,268
186,507
250
4,518,811
21,757
2,441,388
426,151
1,000,000
693,750
1,388
500
815,471
1,651,273

487,264
41,937
1,115,924
457,580
241,725
250
4,513,454
11,723
2,341,874
459,929
1,000,000
693,750
1,388
500
874,410
1,711,652

68.48
-35.71
-16.23
-6.48
29.61
-0.12
-46.12
-4.08
7.93
7.23
3.66

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

1,101,411
570,483
530,928
421,026
109,901
36,248
137,969
25,656
-39,370
72,943

1,274,546
675,460
599,086
449,208
149,877
-13,012
131,761
32,281
-40,542
58,938

15.72
18.40
12.84
6.69
36.37
N/A
-4.50
25.83
-2.98
-19.20

1.48
1.61
6.62
9.98

1.37
1.31
4.62
11.76

-7.46
-19.10
-30.18
17.85

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

116

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
Payment
Date

Coupon
Structure

Fixed: 12.85%

11-Jan-08
11-Apr-08
11-Jul-08
11-Oct-08

Rating

idBBB

INDONESIA BOND MARKET DIRECTORY 2009


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

250

15.0

200

12.0

150

9.0

100

6.0

50

3.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

10.475 10.468 10.346 11.678


25-Feb 30-Jun 24-Sep 23-Dec
10.475 10.468 10.375 11.678
10.343
9.928
9.942 10.035
10.424 10.231 10.223 10.481
WA1
38.00 100.29 166.21 227.96
Volume2
30.4% 80.2% 133.0% 182.4%
Turnover3
Modified Duration (Yrs): 4.566
Last
Date
High
Low

Q1

Q2

10.495
27-Mar
11.539
10.269
10.829
66.29
53.0%

10.194
22-Jun
10.937
9.593
10.372
70.79
56.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

DUTI05

High

Low
9.928

11.678

% of Total

Turnover
Ratio
(%)

532

1.67

106.49%

532

1.67

TRADING VOLUME
(Billion Rp)

10.481

TOTAL

Modified
Duration (Yrs)
End of Year
4.566

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
38

DUTI05

Q2-2008

100

Q3-2008

Q4-2008

Outstanding

166

228
--

500

Outstanding
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2009


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

117

ELTY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BAKRIELAND DEVELOPMENT TBK


:
:
:
:
:

ADDRESS
Wisma Bakrie I, 6th & 7th Fl.
Jl. HR Rasuna Said Kav. B-1, Jakarta - 12920
Phone : (021) 525-7835
Fax : (021) 522-5063

idBBB+
Property & Real Estate
http://www.bakrieland.com
Nuzirman Nurdin
Bank Permata Tbk

FINANCIAL HIGHLIGHT

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:
Rasuna Epicentrum, the first and largest superblock in CBD
area, on a land of 53.5 ha
Wisma Bakrie 1
Wisma Bakrie 2
Sentra Timur Residence
Unit Landed Residential covers:
Bogor Nirwana Residence, 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
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 property portfolio and huge land bank, we
will continue to accelerate our growth and strengthen project development
in the years to come.
A number of awards that have been received by Bakrieland;
Developer of the Year (Property & Bank Award 2008)
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)

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

1,042,876
533,447
1,601,916
146,346
701,186
138,547
5,708,016
220,022
1,508,297
66,888
2,800,000
2,522,189
19,622
500 & 100
47,472
4,132,832

740,310
1,334,675
2,139,277
388,751
952,389
153,333
8,334,991
451,792
3,133,653
693,659
2,800,000
2,551,607
19,916
500 & 100
319,572
4,507,679

-29.01
150.20
33.54
165.64
35.83
10.67
46.02
105.34
107.76
937.05
1.17
1.50
573.18
9.07

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

782,106
460,963
321,142
150,634
170,508
64,487
234,995
110,142
-4,209
134,185

1,053,840
543,019
510,822
284,787
226,035
132,291
358,326
81,844
-4,379
272,100

34.74
17.80
59.06
89.06
32.57
105.14
52.48
-25.69
-4.03
102.78

0.36
2.35
17.16
21.80

0.70
3.26
25.82
21.45

90.48
38.87
50.49
-1.62

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

AS OF JUNE 2009

No.

1.

2.

118

Code

ELTY01A

ELTY01B

Series Name

Tahun 2008 Seri A

Tahun 2008 Seri B

Outstanding
(Rp Million)

220,000

280,000

Listing
Date

12-Mar-08

12-Mar-08

Maturity
Date

11-Mar-11

11-Mar-13

Coupon
Payment
Date

Coupon
Structure

Issue
Term

3 Years

5 Years

Rating

Fixed: 11.90%

11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09

idBBB+

Fixed: 12.85%

11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09

idBBB+

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
ELTY01A
Trading Volume
(Rp Billion)

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

9.441
9.357
24-Mar 16-Jun
9.368
9.765
9.357
9.349
9.367
9.488
WA1
24.50
83.70
Volume2
44.5% 152.2%
Turnover3
Modified Duration (Yrs): 8.893
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.639
28-Aug
9.721
9.639
9.641
20.30
36.9%

10.191
30-Dec
10.191
9.923
10.146
14.00
25.5%

9.367 10.511
30-Jan 26-May
9.367 10.570
9.488
9.367
9.367 10.200
1.00
14.50
1.8% 26.4%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

ELTY01B
Trading Volume
(Rp Billion)

35.0

15.0

28.0

12.0

21.0

9.0

14.0

6.0

7.0

3.0

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

9.873
9.832
18-Mar 10-Apr
9.971
9.873
9.873
9.832
1
9.839
9.873
WA
1.00
21.00
Volume2
1.4% 30.0%
Turnover3
Modified Duration (Yrs): 8.113
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.185
04-Sep
10.185
10.167
10.176
6.00
8.6%

10.284
30-Dec
14.665
9.851
11.474
15.00
21.4%

9.884
17-Mar
12.994
9.884
11.505
31.20
44.6%

10.558
26-Jun
12.607
10.558
12.495
24.00
34.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

ELTY01A

9.349

10.191

10.146

143

0.45

64.77%

8.893

2.

ELTY01B

9.832

14.665

11.474

43

0.13

15.36%

8.113

186

0.58

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
25

ELTY01A

Q2-2008

84

Q3-2008
20

Q4-2008

Outstanding

14
--

220

Outstanding

21

ELTY01B

15
--

280

Outstanding
-

30

60

INDONESIA BOND MARKET DIRECTORY 2009


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

119

EXCL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

EXCELCOMINDO PRATAMA TBK


:
:
:
:
:

ADDRESS
Grha XL, Jl. Mega Kuningan Lot. E 4-7 No. 1
Jakarta - 12950
Phone : (021) 576-1881
Fax : (021) 576-1880

idAATelecommunications
http://www.xl.co.id
Ike Andriani
Bank Permata Tbk

FINANCIAL HIGHLIGHT

PROFILE
Excelcomindo Pratama, Tbk. (XL) was established on October 6th
1989 under the name of PT Grahametropolitan Lestari concentrating on
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-2007

Dec-2008

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

805,769
310,554
58,960
1,679,309
15,810,223
1,212,012
18,827,267
7,379,536
6,982,925
14,362,461
2,265,000
709,000
7,090
100
1,064,122
4,464,806

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

45.23
202.23
116.47
121.49
46.61
14.41
53.56
-16.03
163.60
71.31
N/A
-14.75
-3.51

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

6,459,770 9,764,826
4,699,988 8,011,837
1,759,782 1,752,989
4,699,988 8,011,837
1,759,782 1,752,989
-1,241,751 -1,828,198
518,031
-75,209
267,251
-60,100
250,780
-15,109

51.16
70.47
-0.39
70.47
-0.39
-47.23
N/A
N/A
N/A
N/A

5.71
-0.05
-0.15
17.95

77.55
N/A
N/A
-34.10

BALANCE SHEETS

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

3.22
1.33
3.88
27.24

Change %

AS OF JUNE 2009

No.

1.

120

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
Payment
Date

Coupon
Structure

Fixed: 10.35%

26-Jan-08
26-Apr-08
26-Jul-08
26-Oct-08

Rating

idAA-

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

400

10.0

320

8.0

240

6.0

160

4.0

80

2.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

7.938
7.788
27-Mar 26-Jun
7.956
7.942
7.691
7.788
7.909
7.880
WA1
141.60
64.00
Volume2
37.8% 17.1%
Turnover3
Modified Duration (Yrs): 7.394
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

7.924
17-Sep
8.282
7.691
8.052
203.10
54.2%

9.266
23-Dec
9.993
7.889
8.156
162.70
43.4%

9.059
31-Mar
9.241
7.929
8.989
267.55
71.3%

8.119
24-Jun
9.127
7.924
8.535
358.00
95.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

EXCL02

Low
7.691

High

Weighted Avg.
Executed
Yield (%)
8.156

9.993

TOTAL

% of Total

Turnover
Ratio
(%)

571

1.79

38.09%

571

1.79

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
7.394

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
142

EXCL02

64

203

Q2-2008

Q3-2008

Q4-2008

Outstanding

163
--

1,500

Outstanding
-

160

320

INDONESIA BOND MARKET DIRECTORY 2009


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

121

FIFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

FEDERAL INTERNATIONAL FINANCE


:
:
:
:
:

ADDRESS
AMDI-B Building
Jl. Gaya Motor Raya No. 8 Sunter II, Jakarta - 14330
Phone : (021) 6530-0627, 6530-0628
Fax : (021) 653-00707

idAAFinancial Institution
http://www.fifkredit.com
Arie Susanty
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Federal International Finance (FIF) domiciles in Jakarta Utara, was
founded in 1989 under the name of PT Mitrapusaka Artha Finance
based on corporation Act No I, dated May 1, 1989, and have been
altered based on the changing of corporation Act No 40, dated June 26,
1989. The Articles of Association have been amended several times, the
latest by notarial deed No. 38 of Fathiah Helmi, S.H. Dated 13 August
2008 concerning changes in the deed of establishment to comply with
the Company Law No. 40/2007. This amendment was approved by the
Ministry of Law and Human Rights of Republic of Indonesia in its decision
letter No. AHU-69299.AH.01.02 year 2008 dated 25 September 2008.
FIF obtained its license as a finance company based on the decision
letters No. 1151/KMK.013/1989 of the Ministry of Finance dated 17
October 1989, and No: 1004/KMK.013/1990 dated 30 August 1990.
With the vision to offer the best financial solution to retail customer, FIF
focus es to do financing services in several products :
1. New Honda motorcycle financing
2. Used motorcycle financing
3. Multi-Product financing
As one of the biggest retail consumer financing company, as of December
31, 2008 FIF has a strong network consisting of 113 branch offices and
290 Point of Services (POS).
In 2008, FIFs financial performance showed an excellent achievement.
The companys receivables increased from IDR 13,4 trilion in 2007 to
IDR 14,5 trilion in 2008, in which Honda motorcycle financing reached
IDR 10,6 trilion.
FIF managed to improve deliquency level as shown from the decrease in
the deliquency level above 60 days from 1,1% in 2007 to 0,9% in 2008
and the significant increase of net profit from Rp. 410 billion in 2007 to
Rp. 612 billion in 2008. Also the increment of ROE from 21% in 2007
to 26% in 2008.
As the subsidiary of Astra, to ensure the Environment, Health and Work
Safety within the company, FIF referred to the Astra Green Company
(AGC). Throughout 2008, based on the AGC guidelines, 7 of FIF
branches were awarded gold status from Audit Joint Certification PT
Astra International, Tbk and AFAQ.
To support Corporate Social Responsibilities activities, FIF reffered to a
standardized tool named Astra Friendly Company (AFC). FIF has alloted
an adequate amount of budget for social responsibilities activities,
such as: scholarships, school and libraries renovation, environmental
welfare, hygienic facilities, road improvements, and natural disaster
reinforcement.

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
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Million Rp except Par Value

Change %

Dec-2007

Dec-2008

308,351
289,438

699,004
51,160

126.69
-82.32

7,792,739

7,706,325

-1.11

58,555
140,741
23,270
9,059,098
4,946,253
162,770
7,127,963
300
300,000
280,000
280
1,000
1,651,135
1,931,135

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

1.65
-1.95
-100.00
1.20
-19.25
-63.03
-4.40
25.54
21.84

4,298,230
3,690,320
607,910

4,468,090
3,577,884
890,206

3.95
-3.05
N/A
46.44

197,734
410,176

277,823
612,383

40.50
49.30

3.69
4.53
9.54
14.14

2.90
6.68
13.71
19.92

-21.53
47.53
43.62
40.87

AS OF JUNE 2009

No.

1.

2.

122

Code

FIFA07C

FIFA07D

Series Name

VII Tahun 2007 Seri C

VII Tahun 2007 Seri D

Outstanding
(Rp Million)

300,000

350,000

Listing
Date

03-May-07

03-May-07

Maturity
Date

02-May-10

02-May-11

Issue
Term

Coupon
Payment
Date

Coupon
Structure

36 Months

48 Months

Rating

Fixed: 10.50%

02-Feb-08
02-May-08
02-Aug-08
02-Nov-08

idAA-

Fixed: 10.75%

02-Feb-08
02-May-08
02-Aug-08
02-Nov-08

idAA-

INDONESIA BOND MARKET DIRECTORY 2009


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

3.

Series Name

FIFA08B

4.

VIII Tahun 2008 Seri B

FIFA08C

5.

VIII Tahun 2008 Seri C

FIFA09A

6.

IX Tahun 2009 Seri A

FIFA09B

7.

Outstanding
(Rp Million)

360,000

365,000

IX Tahun 2009 Seri B

FIFA09C

190,000

93,000

IX Tahun 2009 Seri C

542,000

Listing
Date

14-May-08

14-May-08

30-Apr-09

30-Apr-09

30-Apr-09

Maturity
Date

13-May-10

13-May-11

04-May-10

29-Apr-11

29-Apr-12

Issue
Term

2 Years

3 Years

370 Days

2 Years

3 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 12.125%

13-Aug-08
13-Nov-08
13-Feb-09
13-May-09

idAA-

Fixed: 12.625%

13-Aug-08
13-Nov-08
13-Feb-09
13-May-09

idAA-

Fixed: 12.55%

04-Aug-09
04-Nov-09
04-Feb-10
04-May-10

idAA-

Fixed: 13.55%

29-Jul-09
29-Oct-09
29-Jan-10
29-Apr-10

idAA-

Fixed: 14.6%

29-Jul-09
29-Oct-09
29-Jan-10
29-Apr-10

idAA-

TRADING HIGHLIGHT
FIFA07C
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 (%)

Q1

Q2

7.831
7.871
27-Mar 11-Apr
7.871
7.833
7.759
7.831
7.819
7.832
WA1
10.00
34.00
Volume2
13.3% 45.3%
Turnover3
Modified Duration (Yrs): 8.456
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q3

Q4

Q1

Q2

7.856
17-Sep
7.905
7.842
7.849
74.50
99.3%

7.904
18-Dec
8.109
7.826
7.995
31.00
41.3%

8.100
12-Mar
8.100
7.820
7.930
20.20
26.9%

7.794
24-Jun
8.026
7.753
7.815
56.20
74.9%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

123

FIFA07D
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

200

10.0

160

8.0

120

6.0

80

4.0

40

2.0

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

7.970
7.918
17-Mar 23-Jun
7.962
8.819
7.921
7.905
1
7.932
8.008
WA
2
102.90
157.50
Volume
117.6% 180.0%
Turnover3
Modified Duration (Yrs): 7.859
Last
Date
High
Low

Q4

Q1

7.889
7.906
18-Sep 23-Dec
7.953
8.781
7.818
7.866
7.904
8.205
78.42
94.80
89.6% 108.3%

Q2

7.923
05-Mar
7.923
7.906
7.919
51.00
58.3%

7.962
16-Apr
7.962
7.921
7.928
19.44
22.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FIFA08B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

12.5

10.0

10.0

8.0

7.5

6.0

5.0

4.0

2.5

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 8.483
Last
Date
High
Low

Q3
-

Q1-Q2 2009
Q4

8.529
16-Sep
8.529
8.529
8.529
10.00
21.1%

Q1

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

FIFA08C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10.0

10.0

8.0

8.0

6.0

6.0

4.0

4.0

2.0

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

N/A
N/A
N/A
N/A
1
N/A
WA
N/A
Volume2
N/A
Turnover3
Modified Duration (Yrs): 5.734
Last
Date
High
Low

Q3
-

8.653
22-Sep
8.653
8.593
8.613
6.00
6.7%

Q1-Q2 2009
Q4
8.649
17-Oct
8.649
8.649
8.649
2.00
2.2%

Q1

Q2
-

8.711
02-Jun
8.711
8.711
8.711
1.00
1.1%

Q1-08

124

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

FIFA09A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

200

10.0

160

8.0

120

6.0

80

4.0

40

2.0

YEAR 2008

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): N/A
Last
Date
High
Low

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

Q1-Q2 2009

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

8.695
N/A
N/A 16-Jun
8.695
N/A
N/A
8.603
8.692
N/A
N/A 162.70
N/A 178.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

FIFA09B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30

10.0

24

8.0

18

6.0

12

4.0

2.0

YEAR 2008

Executed
Yield (%)

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

Q1-Q2 2009

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
9.264
N/A 09-Jun
N/A
9.264
N/A
9.264
N/A
9.264
N/A
28.00
N/A 120.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Weighted Average; 2 Trading Volume in Billion Rp


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

Q2-09

FIFA09C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

60

12.5

48

10.0

36

7.5

24

5.0

12

2.5

YEAR 2008

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): N/A
Last
Date
High
Low

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

Q1-Q2 2009

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

9.663
26-Jun
9.663
9.552
9.660
53.50
39.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
Low

TRADING VOLUME

1.

FIFA07C

7.759

8.109

7.995

150

0.47

49.83%

8.456

2.

FIFA07D

7.818

8.819

8.205

434

1.36

123.89%

7.859

3.

FIFA08B

8.529

8.529

8.529

10

0.03

5.26%

8.483

4.

FIFA08C

8.593

8.653

8.649

0.03

2.22%

5.734

601

1.88

I N D O N E S I A

S T O C K

E X C H A N G E

% of Total

Modified
Duration (Yrs)
End of Year

Code

INDONESIA BOND MARKET DIRECTORY 2009

(Billion Rp)

Turnover
Ratio
(%)

No.

TOTAL

High

Weighted Avg.
Executed
Yield (%)

125

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
FIFA07C 10

34

75

Q2-2008

Q3-2008

Outstanding

31
-

300

Outstanding

103

FIFA07D

Q4-2008

158

78
-

350

Outstanding

95

FIFA08B - 10
190

Outstanding

FIFA08C - 62
360

Outstanding
-

126

50

100

150

200

250

300

350

400

450

500

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

127

FREN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

MOBILE-8 TELECOM TBK


:
:
:
:
:

ADDRESS
Menara Kebon Sirih 18th Fl.
Jl. Kebon Sirih Kav. 17 - 19, Jakarta - 10340
Phone : (021) 392-0218
Fax : (021) 392-0219

idBBB+
Telecommunication
http://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
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 and Denpasar. It is also
provides data services with EV-DO technology.
Mobile-8 achieved Best CDMA Operator Award, Best CDMA Prepaid
Award, and third place for Best Contact Center Award.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

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

852,669
23,734
27,732
24,568
173,526
81,876
1,474,706
743,951
2,650,484 3,613,932
9,838
11,092
4,536,744 4,797,892
345,491 1,122,146
2,395,067 2,948,428
2,740,557 4,070,574
6,000,000 6,000,000
2,023,587 2,023,587
20,236
20,236
100
100
-802,780 -1,871,648
1,796,186
727,318

-97.22
-11.41
-52.82
-49.55
36.35
12.74
5.76
224.80
23.10
48.53
N/A
-133.15
-59.51

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

882,545
731,831
715,007 1,134,882
167,539
-403,051
715,007 1,134,882
167,539
-403,051
-110,697
-775,442
56,842 -1,178,493
6,496
-109,625
50,345 -1,068,868

-17.08
58.72
N/A
58.72
N/A
-600.51
N/A
N/A
N/A
N/A

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

Dec-2008

1.53
1.11
5.70
18.98

Change %

266.81
N/A
N/A
N/A

5.60
-22.28
-146.05
-55.07

AS OF JUNE 2009

No.

1.

128

Code

FREN01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

675,000

Listing
Date

16-Mar-07

Maturity
Date

15-Mar-12

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 12.375%

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

Rating

idBBB+

INDONESIA BOND MARKET DIRECTORY 2009


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

100

15.0

80

12.0

60

9.0

40

6.0

20

3.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.954 10.219
24-Mar 26-Jun
10.023 10.222
9.917
9.957
9.955 10.136
WA1
87.82
98.19
Volume2
52.0% 58.2%
Turnover3
Modified Duration (Yrs): 8.634
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

10.089
26-Sep
10.583
9.776
10.167
82.42
48.8%

9.990
26-Dec
10.005
9.963
9.975
63.14
37.4%

11.268 13.862
17-Mar 26-May
11.268 13.862
10.129 13.844
11.062 13.853
4.00
12.00
2.4%
7.1%

Q2

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

FREN01

Low
9.776

High

Weighted Avg.
Executed
Yield (%)

10.583

9.975

TOTAL

% of Total

Turnover
Ratio
(%)

332

1.04

49.12%

332

1.04

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
8.634

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
88

FREN01

Q2-2008

98

Q3-2008

82

Q4-2008

Outstanding

63
--

675

Outstanding
-

70

140

INDONESIA BOND MARKET DIRECTORY 2009


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

129

HITS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

HUMPUSS INTERMODA TRANSPORTASI TBK


:
:
:
:
:

ADDRESS
Granadi Building 8th Fl.
Jl. H.R. Rasuna Said Kav. X-1 No. 8-9 Jakarta 12950
Phone : (021) 252-4114
Fax : -

A1.id
Transportation
http://www.hits.co.id/
Sapto Basuki
Bank Permata Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Humpuss Intermoda Transportasi Tbk is an Indonesia-based sea
transport company. The Company is engaged in sea transportation
and related activities, which involve transporting methanol, liquefied
natural gas, crude oil, fuel and other sea cargoes. It also provides vessel
crews and management services to vessel owners. The Companys
subsidiaries include Humpuss Sea Transport Pte.Lte., which principal
activity is time chartering of vessels; PT Humpuss Transportasi Kimia,
which principal activity is vessel chartering on a spot basis, and PT
Humpuss Transportasi Curah, which principal activity is domestic sea
transportation. The Company is headquartered in Jakarta, Indonesia.
The Companys vision is to be the regional leader in industrial liquid and
dry cargo sea supply chain solution. The Company focuses on servicing
beyond customer satisfaction by offering an integrated shipping
solution services supported by first class vessels, crews, systems
and managements. Safety, Quality and Reliability are the Companys
values.
The Company offered its 74 millions of shares through Initial Public
Offering effectively declared on November 24th, 1997 and listed at
the Jakarta Stock Exchange on December 15th in the same year. In
2004 the company offered bonds up to 350 billions IDR through Initial
Public Offering, effectively declared on December 10th, and listed at
Surabaya Stock Exchange on December 20th. This company has been
the first Indonesian company awarded the Certificate of International
Safety Management (ISM) for safety management system on vessels
operator.
As its commitment to professionalism with priority on safety and
reliability, the Company has obtained ISO 9001:2000 certificates for
vessel operational management, manning, and ship agency.
Up to the present, the company keeps on exploring and expanding
its business in shipping industry, improving its service quality, and
upgrading the ship and crew management expertise as well. By having
the new professional management, the Company concentrates on 8
business sectors: Gas Transportation, Oil Transportation, Chemical
Transportation, Industrial Coal Supply Chain, Dry Bulk Transportation,
Crew Management Services, Ship Agency Services, and Technical Ship
Management. They are all integrated as the first-rate solution to answer
regional and global market needs of shipping transportation.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

246,052
58,232
8,235
513,257
1,255,311
20,199
2,048,315
270,743
387,716
658,459
29,627
300,000
225,000
4,500
50
1,507,350
1,360,229

254,147
58,451
9,586
565,055
2,165,358
47,008
2,967,702
693,264
628,591
1,321,856
39,681
300,000
233,059
4,661
50
1,369,853
1,606,166

3.29
0.37
16.41
10.09
72.50
132.72
44.89
156.06
62.13
100.75
33.94
3.58
3.58
-9.12
18.08

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

780,041
492,773
287,267
87,281
199,987
63,548
263,535
13,889
-9,638
240,008

930,316
693,799
236,517
136,768
99,750
-143,004
-43,254
13,698
-9,727
-66,680

19.27
40.79
-17.67
56.70
-50.12
N/A
N/A
-1.37
-0.92
N/A

0.48
11.72
30.77
25.64

0.82
-2.25
-7.17
10.72

70.01
N/A
N/A
-58.18

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

AS OF JUNE 2009

No.

1.

2.

130

Code

Series Name

HITS01B

I Tahun 2004 Seri B

HITS01C

Syari'ah Ijarah I Tahun


2004

Outstanding
(Rp Million)

80,500

92,000

Listing
Date

20-Dec-04

20-Dec-04

Maturity
Date

17-Dec-09

17-Dec-09

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

5 Years

Rating

Fixed: 14.00%

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

A1.id

Ijarah Fee
Rp17,080,000,000 p.a

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

A1.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
HITS01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25.0

12.5

20.0

10.0

15.0

7.5

10.0

5.0

5.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

Q1

Q2

11.020 11.120
03-Mar 11-Jun
11.103 11.125
11.000 10.983
11.009 11.056
7.56
18.50
41.7% 102.1%

10.780 10.943 10.978 10.760


27-Feb 27-May 03-Sep 23-Dec
10.782 10.943 11.039 11.520
10.704 10.943 10.864 10.760
10.743 10.943 10.978 11.017
WA1
19.50
1.00
19.00
24.65
Volume2
107.7%
5.5% 104.9% 136.1%
Turnover3
Modified Duration (Yrs): 7.795
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

HITS01C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

35.0

15.0

28.0

12.0

21.0

9.0

14.0

6.0

7.0

3.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

13.244 13.975 13.400


24-Mar 04-Jun 10-Sep
13.692 13.975 13.785
13.244 13.315 13.103
1
13.364 13.342 13.435
WA
9.20
7.70
23.40
Volume2
44.4% 37.2% 113.0%
Turnover3
Modified Duration (Yrs): 6.087
Last
Date
High
Low

Q4

Q1

Q2

13.253
31-Oct
13.253
13.253
13.253
2.30
11.1%

13.175 13.350
19-Mar 30-Jun
13.363 13.720
13.168 13.222
13.192 13.356
8.70
31.55
42.0% 152.4%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

HITS01B

10.704

11.520

11.017

64

0.20

88.54%

7.795

2.

HITS01C

13.103

13.975

13.253

43

0.13

51.45%

6.087

107

0.33

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
20

HITS01B

Q2-2008

Q3-2008

19

Q4-2008

Outstanding

25
--

72

Outstanding

HITS01C

23

2
--

83

Outstanding
-

10

20

INDONESIA BOND MARKET DIRECTORY 2009


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

131

HMSP HANJAYA MANDALA SAMPOERNA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jl. Rungkut Industri Raya 18
Surabaya - 60293
Phone : (031) 843-1699, 843-0986
Fax : (031) 843-0986

idAAA
Tobacco Manufacturers
http://www.sampoerna.com/
Suartini Harintho
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT

PROFILE
PT Hanjaya Mandala Sampoerna Tbk. (Sampoerna) was established in
1963 with the primary activity of manufacturing and marketing kretek
cigarettes. The history of HM Sampoerna and its current stature as one
of the biggest cigarette manufacturers in Indonesia are inseparable from
the history of its founder, Lim Seeng Tee, who began his business in
1913 producing and selling hand rolled clove cigarettes. Dji Sam Soe,
Sampoerna A Mild and Sampoerna A Hijau are Sampoernas main
brands. Since 2005 Sampoerna through its wholly owned subsidiary,
PT Panamas was appointed distributor for Marlboro, the leading
international cigarette brand produced by PT Philip Morris Indonesia.
Sampoernas significant subsidiaries include PT Handal Logistik
Nusantara (expedition and warehousing), PT Perusahaan Dagang dan
Industri Panamas (cigarette distribution), PT Asia Tembakau (cigarette
manufacturing and trading), and PT Sampoerna Printpack (printing and
packaging). Sampoerna also produces and distributes clove cigarettes
outside Indonesia through license and distribution agreements with
Philip Morris International or its affiliates and through PT Sampoerna
Joo Lan Sdn.Bhd for the Malaysian market.
The Company is domiciled and has its headquarters in Surabaya. It
employs approximately 29,500 people and has factories located in
Surabaya, Pandaan, Malang, and Karawang. It also has agreements
with a number of third parties, called Third Party Operators to produce
hand rolled cigarettes.

BALANCE SHEETS

Million Rp except Par Value

Dec-2007

Dec-2008

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

557,239
499,362
991,638
705,362
8,929,824 7,657,848
11,056,457 11,037,287
3,522,336 4,329,506
190,998
181,515
15,680,542 16,133,819
6,212,685 7,642,207
1,401,703
441,377
7,614,388 8,083,584
2,612
2,339
630,000
630,000
438,300
438,300
4,383
4,383
100
100
6,988,550 6,939,146
8,063,542 8,047,896

-10.39
-28.87
-14.24
-0.17
22.92
-4.96
2.89
23.01
-68.51
6.16
-10.45
-0.71
-0.19

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

29,787,725 34,680,445
21,005,260 24,695,196
8,782,465 9,985,249
3,205,187 3,760,016
5,577,278 6,225,233
-232,275
-427,753
5,345,073 5,797,289
1,712,231 1,900,169
-8,824
-1,840
3,624,018 3,895,280

16.43
17.57
13.70
17.31
11.62
-84.16
8.46
10.98
79.15
7.49

1.00
24.14
11.23
17.95

6.37
4.47
-7.68
-4.13

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

0.94
23.11
12.17
18.72

AS OF JUNE 2009

No.

1.

132

Code

HMSP03

Series Name

III Tahun 2004

Outstanding
(Rp Million)

1,000,000

Listing
Date

27-Oct-04

Maturity
Date

26-Oct-09

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 10.75%

26-Jan-08
26-Apr-08
26-Jul-08
26-Oct-08

Rating

idAAA

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
HMSP03
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

200

10.0

160

8.0

120

6.0

80

4.0

40

2.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

8.145
8.088
26-Feb 24-Jun
8.088
8.161
8.040
8.064
8.070
8.099
WA1
34.00
82.00
Volume2
13.6% 32.8%
Turnover3
Modified Duration (Yrs): 7.042
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.104
26-Sep
8.171
7.985
8.089
72.80
29.1%

8.067
23-Dec
8.607
8.067
8.240
193.10
77.2%

8.049
24-Mar
8.217
8.025
8.110
54.20
21.7%

7.598
16-Jun
7.608
7.557
7.588
50.00
20.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

HMSP03

Low

High

7.985

% of Total

382

1.20

38.19%

382

1.20

(Billion Rp)

8.240

8.607

Turnover
Ratio
(%)

TRADING VOLUME

TOTAL

Modified
Duration (Yrs)
End of Year
7.042

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
34

HMSP03

82

73

Q2-2008

Q3-2008

Q4-2008

Outstanding

193
--

1,000

Outstanding
-

100

200

300

INDONESIA BOND MARKET DIRECTORY 2009


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

133

IATG
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INFOASIA TEKNOLOGI GLOBAL TBK


:
:
:
:
:

ADDRESS
Menara Thamrin 15th Fl.
Jl. MH Thamrin Kav. 3 Jakarta - 10250
Phone : (021) 398-30150
Fax : (021) 398-30165

Ba2.id
Telecommunication
http://www.infoasia.com
Priska Emerentiana Erjani
Bank Mega Tbk

FINANCIAL HIGHLIGHT

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 costeffective 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.

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 Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income

276,336
220,901
55,434
33,054
22,380
-10,350
12,030
69
12,099

338,731
297,614
41,117
31,929
9,188
-13,388
-4,200
132
-4,068

22.58
34.73
-25.83
-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

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

Change %

AS OF JUNE 2009

No.

1.

2.

134

Code

IATG01B

IATG01C

Series Name

I Tahun 2004 Seri B

I Tahun 2004 Seri C

Outstanding
(Rp Million)

10,000

65,000

Listing
Date

28-Dec-04

28-Dec-04

Maturity
Date

23-Dec-09

23-Dec-09

Issue
Term

5 Years

5 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 13.30%

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

Ba2.id

Fixed: 13.75%

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

Ba2.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
IATG01B
Trading Volume
(Rp Billion)

12.5

15.0

10.0

12.0

7.5

9.0

5.0

6.0

2.5

3.0

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q1-Q2 2009

Q3

Q4

Q1

12.210 12.025 11.755 11.579


19-Mar 19-May 27-Jun 16-Oct
12.210 12.411 11.755 11.579
12.168 12.025 11.755 11.579
12.189 12.312 11.755 11.579
WA1
12.00
8.00
4.00
4.00
Volume2
518.0% 345.3% 172.7% 172.7%
Turnover3
Modified Duration (Yrs): 8.016

Q2
-

Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

IATG01C
Trading Volume
(Rp Billion)

7.50

15.0

6.00

12.0

4.50

9.0

3.00

6.0

1.50

3.0

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

11.810 12.059
21-Jan 27-May
12.005 13.501
11.810 12.059
1
11.939
12.533
WA
6.00
4.20
Volume2
39.8% 27.9%
Turnover3
Modified Duration (Yrs): 7.641
Last
Date
High
Low

Q3

Q4

12.082
02-Jul
12.088
12.082
12.087
5.00
33.2%

13.572
27-Oct
13.572
11.914
12.213
5.00
33.2%

Q1

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

IATG01B

11.579

12.411

11.579

28

0.09

302.16%

8.016

2.

IATG01C

11.810

13.572

12.213

20

0.06

33.54%

7.641

48

0.15

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
IATG01B

12

Outstanding

Q3-2008

Q4-2008

Outstanding

--

IATG01C

Q2-2008

5
--

60

Outstanding
-

14

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

21

28

35

42

49

56

63

70

135

IMFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDOMOBIL FINANCE INDONESIA


:
:
:
:
:

ADDRESS
Wisma Indomobil 11th Fl.
Jl. 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 was established in the Republic
of Indonesia under the name of PT Indomaru Multi Finance, dated
November 1, 1993. The companys name has been changed to PT
Indomobil Finance Indonesia, dated February 27, 2003.
Based on Article 3 of the Companys Articles of Association, the scope
of activities of the Company comprises financing activities covering the
following area:
1. Consumer Financing
2. Leasing
3. Factoring
On February 17, 1994, the Company obtained its license to become
a financial institution. With this license, the Company, as a financial
institution, is allowed to engage in leasing, factoring and consumer
financing activities. Currently, the Company is engaged in consumer
financing and leasing.
The Company started its commercial operations in February 1994. As of
June 2009 the Company has 191 branch offices and has a total of 1,915
employees respectively.

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
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Million Rp except Par Value

Change %

Dec-2007

Dec-2008

32,992
6,593

76,942
546

133.21
-91.72

1,907,056

2,006,631

5.22

19,665
30,614
15,960
2,025,498
803,337
3,980
1,740,540
0.1
1
100,000
0.1
1,000,000
195,770
284,958

16,984
35,056
37,156
2,273,748
1,412,698
5,172
1,904,184
0.1
1
100,000
0.1
1,000,000
257,592
369,564

-13.63
14.51
132.80
12.26
75.85
29.94
9.40
31.58
29.69

544,492
464,582
79,910

613,679
518,559
95,120

12.71
11.62
N/A
19.03

23,887
56,023

28,298
66,822

18.46
19.28

6.11
2.77
10.29
14.68

5.15
2.94
10.89
15.50

-15.64
6.25
5.83
5.61

AS OF JUNE 2009

No.

1.

2.

136

Code

IMFI03A

IMFI03B

Series Name

III Tahun 2009 Seri A

III Tahun 2009 Seri B

Outstanding
(Rp Million)

126,000

170,000

Listing
Date

01-May-09

01-May-09

Maturity
Date

05-May-10

30-Apr-11

Issue
Term

370 Days

2 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 14.75%

05-Aug-09
05-Nov-09
05-Feb-10
05-May-10

idA-

Fixed: 16.00%

30-Jul-09
30-Oct-09
30-Jan-10
30-Apr-10

idA-

INDONESIA BOND MARKET DIRECTORY 2009


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

3.

Outstanding
(Rp Million)

Series Name

IMFI03C

III Tahun 2009 Seri C

204,000

Listing
Date

01-May-09

Maturity
Date

30-Apr-12

Issue
Term

Coupon
Payment
Date

Coupon
Structure

3 Years

30-Jul-09
30-Oct-09
30-Jan-10
30-Apr-10

Fixed: 17.00%

Rating

idA-

TRADING HIGHLIGHT
IMFI03A
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 (%)
Last
Date
High
Low
WA1
Volume2
Turnover3
#

Q1-Q2 2009

YEAR 2008
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

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
9.374
N/A 20-May
N/A
9.514
N/A
9.374
9.478
N/A
N/A
83.52
N/A 265.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

IMFI03B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

175

12.5

140

10.0

105

7.5

70

5.0

35

2.5

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

YEAR 2008
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
9.931
N/A 28-May
N/A 10.113
N/A
9.906
N/A 10.011
N/A 167.74
N/A 394.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

IMFI03C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

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

YEAR 2008
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

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

Q1-Q2 2009
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
10.417
02-Jun
10.433
10.311
10.367
35.00
68.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

137

INDF
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDOFOOD SUKSES MAKMUR TBK


:
:
:
:
:

idAA+
Food And Beverages
http://www.indofood.co.id
Werianty Setiawan
Bank Mega Tbk

PROFILE
PT Indofood Sukses Makmur Tbk (Indofood) (IDX: INDF) is a leading
processed food company in Indonesia. Indofood provides total food
solutions through its four strategic business groups: consumer branded
products (CBP), Bogasari (flour producer), agribusiness, and distribution.
Indofoods strongest legacy today is the strength of its brands, many
of which have been companions to the people of Indonesia for nearly
two decades. These include a variety of brands of instant noodles
(Indomie, Supermi and Sarimi), wheat flour (Segitiga Biru, Kunci Biru
and Cakra Kembar), cooking oils (Bimoli), margarine (Simas Palmia) and
shortenings (Palmia). The acquisition of Indolakto, one of the leading
dairy producers (Indomilk) has positioned Indofood as the Progressive
Total Food Solutions company. Indofood brands continue to be the
market leaders in their specific segments with a reputation for quality
and value for money that remains unrivalled.

ADDRESS
Sudirman Plaza, Indofood Tower 27th Fl.
Jl. Jend. Sudirman Kav. 76 - 78, Jakarta - 12190
Phone : (021) 5795-8822 ext 1215
Fax : (021) 5793-7373
FINANCIAL HIGHLIGHT

Dec-2007

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

4,536,937
2,367,820
4,169,150
11,766,665
8,079,455
900,400
29,527,466
12,776,365
5,899,543
18,679,042
3,721,828
3,000,000
944,419
9,444
100
4,999,251
7,126,596

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

-5.86
16.60
45.38
24.07
18.65
85.81
34.09
27.28
72.39
41.52
25.21
-7.03
-7.03
6.58
19.25

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

27,858,304 38,799,279
21,281,752 29,822,362
6,576,552 8,976,917
3,682,124 4,635,441
2,894,428 4,341,476
-829,199 -1,741,653
2,065,229 2,599,823
696,842
801,553
-387,270
-782,597
980,357 1,034,389

39.27
40.13
36.50
25.89
49.99
-110.04
25.89
15.03
-102.08
5.51

BALANCE SHEETS

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

138

Million Rp except Par Value

2.62
3.32
3.52
10.39

3.11
2.61
2.67
11.19

Change %

18.67
-21.31
-24.24
7.70

INDONESIA BOND MARKET DIRECTORY 2009


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.

Series Name

Code

1.

III Tahun 2004

INDF03

2.

INDF04

3.

976,000

IV Tahun 2007

INDF05

Listing
Date

Outstanding
(Rp Million)

2,000,000

V Tahun 2009

1,610,000

14-Jul-04

16-May-07

19-Jun-09

Maturity
Date

13-Jul-09

15-May-12

18-Jun-14

Issue
Term

5 Years

5 Years

3 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 12.50%

13-Jan-08
13-Apr-08
13-Jul-08
13-Oct-08

idAA

Fixed: 10.0125%

15-Feb-08
15-May-08
15-Aug-08
15-Nov-08

idAA

Fixed: 13.00%

18-Sep-09
18-Dec-09
18-Mar-10
18-Jun-10

idAA

TRADING HIGHLIGHT
INDF03
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 (%)

YEAR 2008
Q1

Q2

Q3

9.806
9.763
9.734
17-Mar 26-Jun 25-Sep
9.830
9.776
9.804
9.465
9.635
9.497
9.670
9.649
9.698
WA1
2
173.10
346.20
440.90
Volume
70.9% 141.9% 180.7%
Turnover3
Modified Duration (Yrs): 4.342
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

9.702
26-Dec
10.135
9.539
9.805
210.95
86.5%

9.355
25-Mar
10.281
9.224
9.339
130.83
53.6%

3.403
30-Jun
3.460
3.318
3.382
197.07
80.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDF04
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

500

10.0

400

8.0

300

6.0

200

4.0

100

2.0

Executed
Yield (%)

Q1

Q2

7.554
7.567
27-Mar 26-Jun
7.668
8.057
7.417
7.439
7.755
7.564
WA1
285.80 147.95
Volume2
57.2% 29.6%
Turnover3
Modified Duration (Yrs): 9.109
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q3

Q4

Q1

Q2

7.548
26-Sep
8.007
7.438
7.799
482.30
96.5%

8.373
24-Dec
9.098
7.499
7.978
163.89
32.8%

7.520
27-Mar
8.767
7.520
8.080
234.62
46.9%

7.560
23-Jun
8.720
7.463
7.814
193.95
38.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

139

INDF05
Trading Volume
(Rp Billion)

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

YEAR 2008

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): N/A
Last
Date
High
Low

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

Q1-Q2 2009

Q3

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

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

10.683
26-Jun
10.802
10.634
10.719
264.00
65.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

INDF03

9.465

10.135

9.805

1,171

3.67

119.99%

4.342

2.

INDF04

7.417

9.098

7.978

1,080

3.38

54.00%

9.109

2,251

7.05

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
INDF03

173

Q2-2008

346

Outstanding

441

286

Outstanding

--

148

482

164
--

2,000

Outstanding
-

140

Q4-2008

211

976

INDF04

Q3-2008

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

141

INKP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDAH KIAT PULP & PAPER TBK


:
:
:
:
:

ADDRESS
BII Plaza Tower II, 9th Fl.
Jl. MH. Thamrin No..51, Jakarta - 10350
Phone : (021) 392-9266 - 69
Fax : (021) 392-7685

idD
Pulp & Paper
http://www.asiapulppaper.com
Agustian R. Partawijaya
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Indah Kiat Pulp & Paper Tbk is :
One of the worlds largest vertically integrated pulp & paper
companies.
A major player in the Asian market.
Strategically located within the Asia-Pacific region.
A Company that directly employs approximately 15,700
employees.
Committed to sustainability in all its operations.
PT Indah Kiat Pulp & Paper Tbk was established on December 7, 1976.
The Company has been listed on Indonesia Stock Exchange since
1990.
The Company currently has production facilities in three locations:
Perawang (Riau), Tangerang and Serang (Banten).
The Companys main business activities are the production of pulp,
various types of culture papers consisting of printing and writing paper
(coated and uncoated freesheet) and photocopy paper. The Company
also produces industrial paper i.e. packaging paper which comprises:
containerboard (linerboard and corrugated medium), corrugated shipping
containers (converted from containerboard), boxboard and specialty
colored papers.

Million Rp except Par Value

Dec-2007

Dec-2008

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

195,412
1,798,798
3,872,115
7,078,710
37,659,803
13,375
51,689,503
5,527,782
27,812,125
33,339,907
2,671
20,000,000
5,470,983
5,471
1,000
-2,326,116
18,346,926

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

95.34
641.42
33.01
41.90
26.73
478.25
26.43
50.81
20.32
25.38
9.35
79.04
28.34

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

17,701,849 24,933,168
13,839,306 19,385,196
3,862,543 5,547,972
1,747,296 2,317,512
2,115,247 3,230,460
-1,064,299 -1,067,008
1,050,948 2,163,453
185,774
-53,439
-199
-184
864,975 2,216,707

40.85
40.07
43.64
32.63
52.72
-0.25
105.86
N/A
7.17
156.27

BALANCE SHEETS

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

1.82
1.67
4.89
11.95

Change %

1.78
3.39
8.89
12.96

-2.31
102.71
81.95
8.43

AS OF JUNE 2009

No.

1.

2.

142

Code

INKP02A

INKP02B

Series Name

I Tahun 1999 Seri A

I Tahun 1999 Seri B

Outstanding
(Rp Million)

257,440

500,000

Listing
Date

01-Oct-04

01-Oct-04

Maturity
Date

01-Oct-14

01-Oct-17

Issue
Term

Coupon
Payment
Date

Coupon
Structure

10 Years

13 Years

Rating

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idD

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idD

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

75.0

25.0

60.0

20.0

45.0

15.0

30.0

10.0

15.0

5.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

- 11.621
- 23-Jun
- 21.068
- 11.621
- 12.626
WA1
62.97
Volume2
- 139.4%
Turnover3
Modified Duration (Yrs): 6.496
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

12.334
17-Jul
12.539
12.283
12.372
20.60
45.6%

Q1

Q2

13.605 22.556
11-Feb 06-May
13.605 22.556
13.605 22.556
13.605 22.556
2.74
0.11
6.1%
0.2%

14.625
26-Nov
15.087
14.620
14.870
1.88
4.2%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

INKP02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

20.0

100

16.0

75

12.0

50

8.0

25

4.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

- 11.621
- 23-Jun
- 21.078
- 11.621
1
12.618
WA
- 114.30
Volume2
91.4%
Turnover3
Modified Duration (Yrs): 3.677
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

12.334
17-Jul
12.539
12.283
12.372
40.00
32.0%

Q1

15.362
19-Dec
15.362
14.351
15.014
7.50
6.0%

Q2

13.295 26.281
11-Feb 06-May
13.295 26.281
13.295 14.765
13.295 15.940
8.00
1.80
6.4%
1.4%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.
2.

% of Total

Turnover
Ratio
(%)

85

0.27

47.30%

6.496

162

0.51

32.36%

3.677

TRADING VOLUME
(Billion Rp)

Low

High

INKP02A

11.621

21.068

14.870

INKP02B

11.621

21.078

15.014

247

0.77

TOTAL

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
INKP02A -

63

Q2-2008

Q4-2008

Outstanding

21 2
181

Outstanding

INKP02B -

Q3-2008

114

--

40

8
500

Outstanding
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2009


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

143

ISAT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

INDOSAT TBK
:
:
:
:
:

idAA+
Telecommunication
http://www.indosat.com
Strasfiatri Auliana
Bank Rakyat Indonesia (Persero) Tbk

PROFILE
PT Indosat Tbk is a leading telecommunication and information service
provider in Indonesia that provides cellular of prepaid and postpaid
services (Mentari, IM3 and Matrix), 3G services using HSDPAtechnology, fixed data services including Multimedia, Internet & Data
Communication Services (MIDI) and fixed telecommunication services
including IDD services and fixed wireless services.
PT Indosat Tbk (Indosat) was established in 1967 as a foreign direct
investment company to provide international telecommunications
services in Indonesia. In 1980, the Indonesian Government took over full
ownership of Indosat, which then became a Stated-Owned Company.
As the leading Indonesian international telecommunication provider, the
Company went public in 1994, by listing its shares on the Jakarta Stock
Exchange, the Surabaya Stock Exchange and its American Depository
Receipts in the New York Stock Exchange.
Entering the 21st century and in keeping with the global trends,
the Government of Indonesia decided to deregulate the national
telecommunications sector, opening it up to free market competition and
gradually removing the exclusive rights previously granted to Indosat
and another market incumbent. Indosat quickly seized the opportunity
by developing its cellular business. In 2001, with the establishment
of a cellular operator company, PT Indosat Multi Media Mobile (IM3),
followed by the full ownership acquisition of PT Satelit Palapa Indonesia
(Satelindo) in 2002, Indosat became the second largest cellular operator
in Indonesia.
On November 2003, following the signing of the Merger Deed to merge
Satelindo, IM3 and Bimagraha into Indosat, the Company emerged
as a cellular focused Full Network Service Provider (FNSP). This was
followed by a comprehensive transformation program, launched in 2004,
encompassing in human resources, technology platform and corporate
culture and values. The transformation has started to demonstrate
encouraging results as the Company posted record revenues that
surpassed Rp10 trillion thresholds and increased in margin its 10th year
as a publicly listed company

144

ADDRESS
Jl. Medan Merdeka Barat No. 21
Jakarta - 10110
Phone : (021) 3000-3001, 386-9614, 386-9166
Fax : (021) 380-4045
FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2007

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

8,053,006
1,051,869
161,573
10,794,127
30,572,773
518,258
45,305,086
11,658,581
16,804,405
28,462,986
297,370
2,000,000
543,393
5,434
100
14,044,761
16,544,730

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

-28.75
29.07
49.77
-10.51
25.58
45.26
14.10
-8.43
38.77
19.43
-2.84
6.11
5.23

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

16,488,495
11,968,891
4,519,604
11,968,891
4,519,604
-1,589,988
2,929,616
859,517
-28,056
2,042,043

18,659,133
13,925,854
4,733,279
13,925,854
4,733,279
-2,408,164
2,325,115
419,830
-26,763
1,878,522

13.16
16.35
4.73
16.35
4.73
-51.46
-20.63
-51.16
4.61
-8.01

1.72
4.51
12.38
27.41

1.95
3.63
10.07
25.37

13.50
-19.38
-18.71
-7.46

BALANCE SHEETS

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

Change %

INDONESIA BOND MARKET DIRECTORY 2009


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.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

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

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

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

Issue
Term

Coupon
Structure

Coupon
Payment
Date

Rating

Fixed: 16.00%

06-Feb-08
06-May-08
06-Aug-08
06-Nov-08

idAA+

Fixed: 12.875%

22-Jan-08
22-Apr-08
22-Jul-08
22-Oct-08

idAA+

6 Years

Fixed: 12.000%

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

idAA+

6 Years

Ijarah Fee
Rp8,550,000,000
quarterly

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

idAA+

Fixed: 10.20%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

idAA+

10 Years

Fixed: 10.65%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

idAA+

7 Years

Ijarah Fee
Rp40,800,000,000 p.a.

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

idAA
(sy)+

Fixed: 10.25 %

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

idAA+

10 Years

Fixed: 10.80 %

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

idAA+

7 Years

Ijarah Fee
Rp58,425,000,000 p.a.

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

idAA
(sy)+

30 Years

7 Years

7 Years

7 Years

145

TRADING HIGHLIGHT
ISAT02BXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30.0

12.5

24.0

10.0

18.0

7.5

12.0

5.0

6.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

9.928
9.722
31-Jan 01-Apr
9.928
9.725
9.928
9.722
9.928
9.724
WA1
0.90
8.20
Volume2
1.8% 16.4%
Turnover3
Modified Duration (Yrs): 6.992
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.789
27-Aug
9.789
9.664
9.728
27.00
54.0%

9.867
15-Dec
9.867
9.785
9.846
11.00
22.0%

Q1

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

100

10.0

80

8.0

60

6.0

40

4.0

20

2.0

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

9.092
9.185
12-Mar 24-Jun
9.270
9.365
8.993
9.055
1
9.196
9.104
WA
76.00
93.00
Volume2
47.5% 58.1%
Turnover3
Modified Duration (Yrs): 6.521
Last
Date
High
Low

Q3

Q4

9.330
24-Sep
9.400
9.043
9.272
85.50
53.4%

9.243
18-Dec
9.847
9.058
9.331
53.20
33.3%

Q1
9.271
06-Feb
9.596
9.271
9.431
2.00
1.3%

Q2
9.209
29-Apr
9.376
9.169
9.237
58.20
36.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ISAT04A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

75.0

12.5

60.0

10.0

45.0

7.5

30.0

5.0

15.0

2.5

Executed
Yield (%)

Q1

Q2

9.944 10.499
21-Feb 26-Jun
10.058 10.499
9.944 10.197
10.019 10.234
WA1
47.00
28.00
Volume2
23.1% 13.7%
Turnover3
Modified Duration (Yrs): 3.204
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q3

Q4

10.156
19-Sep
10.517
10.156
10.292
39.80
19.5%

10.815
15-Dec
11.097
10.127
10.198
26.80
13.2%

Q1
10.332
25-Mar
11.085
10.094
10.197
45.34
22.3%

Q2
10.499
23-Jun
10.543
10.244
10.446
66.40
32.6%

Q1-08

146

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


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

12.5

12.5

10.0

10.0

7.5

7.5

5.0

5.0

2.5

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

10.188 10.676
24-Mar 04-Jun
10.403 10.676
10.188 10.307
1
10.246
10.318
WA
2
7.20
6.20
Volume
10.1%
8.7%
Turnover3
Modified Duration (Yrs): 2.674
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.244
26-Sep
10.413
10.150
10.220
11.15
15.6%

10.047
18-Dec
11.313
10.047
10.256
9.80
13.8%

10.066
19-Mar
12.816
10.066
10.783
9.50
13.3%

10.499
23-Jun
10.525
10.328
10.426
7.00
9.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

7.907
7.870
28-Mar 30-Jun
7.908
7.918
7.853
7.853
7.869
7.876
WA1
295.70 121.70
Volume2
96.2% 39.6%
Turnover3
Modified Duration (Yrs): 9.917
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

7.865
24-Sep
8.566
7.853
8.203
232.88
75.7%

7.830
16-Dec
9.877
7.800
8.336
276.21
89.8%

8.642
30-Mar
8.813
7.827
8.278
230.25
74.9%

7.907
23-Jun
8.701
7.862
8.466
179.56
58.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

400

10.0

320

8.0

240

6.0

160

4.0

80

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

8.068
8.133
9.006
14-Mar 26-Jun 26-Sep
8.150
8.382
9.006
8.019
8.069
8.035
1
8.086
8.172
8.460
WA
125.00 210.00 358.26
Volume2
36.5% 61.3% 104.6%
Turnover3
Modified Duration (Yrs): 9.446
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

8.108
23-Dec
10.736
8.027
8.509
196.04
57.2%

8.469
27-Mar
9.444
8.075
8.676
82.64
24.1%

8.646
18-Jun
9.127
8.104
8.840
287.21
83.9%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

147

SIKISAT02
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

40.0

10.0

32.0

8.0

24.0

6.0

16.0

4.0

8.0

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

7.874
7.882
27-Feb 07-May
7.874
7.907
7.853
7.877
1
7.859
7.903
WA
4.00
24.00
Volume2
4.0% 24.0%
Turnover3
Modified Duration (Yrs): 6.292
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

7.998
15-Sep
8.102
7.910
7.960
8.50
8.5%

7.872
03-Nov
9.458
7.872
8.927
29.20
29.2%

Q2

8.720
23-Mar
9.123
8.717
8.850
9.00
9.0%

8.074
26-Jun
8.830
7.907
8.405
36.20
36.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ISAT06A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

125

10.0

100

8.0

75

6.0

50

4.0

25

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

N/A
8.882
N/A 17-Jun
N/A
8.955
N/A
8.541
N/A
8.866
WA1
N/A 106.40
Volume2
N/A 56.0%
Turnover3
Modified Duration (Yrs): 5.935
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

9.714
26-Sep
10.218
8.878
9.352
62.25
32.8%

8.989
18-Dec
9.892
8.989
9.094
16.28
8.6%

Q2

9.672
19-Mar
9.672
8.989
9.125
17.70
9.3%

8.957
04-Jun
8.957
8.882
8.895
11.70
6.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

ISAT06B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

25.0

10.0

20.0

8.0

15.0

6.0

10.0

4.0

5.0

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

N/A
9.257
N/A 17-Jun
N/A
9.257
N/A
9.257
1
N/A
9.257
WA
N/A
22.00
Volume2
N/A 27.5%
Turnover3
Modified Duration (Yrs): 5.903
Last
Date
High
Low

Q4

Q1
-

Q2
-

Q1-08

148

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


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

125

10.0

100

8.0

75

6.0

50

4.0

25

2.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

N/A
8.997
N/A 25-Jun
N/A
8.997
N/A
8.541
1
N/A
8.771
WA
2
N/A
27.40
Volume
N/A 19.2%
Turnover3
Modified Duration (Yrs): 4.219
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.063
09-Sep
9.212
8.074
8.813
50.80
35.6%

9.611
30-Dec
10.783
8.908
9.415
38.50
27.0%

Q1

Q2

8.989
30-Mar
10.439
8.863
9.128
51.35
36.0%

8.882
26-Jun
9.085
8.743
8.875
120.05
84.2%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

ISAT02BXBFTW

9.664

9.928

9.846

47

0.15

23.55%

6.992

2.

ISAT03BXBFTW

8.993

9.847

9.331

308

0.96

48.08%

6.521

3.

ISAT04A

9.944

11.097

10.198

142

0.44

17.37%

3.204

4.

ISAT04B

10.047

11.313

10.256

34

0.11

12.05%

2.674

5.

ISAT05A

7.800

9.877

8.336

926

2.90

75.32%

9.917

6.

ISAT05B

8.019

10.736

8.509

889

2.79

64.91%

9.446

7.

SIKISAT02

7.853

9.458

8.927

66

0.21

16.43%

6.292

8.

ISAT06A

8.541

10.218

9.094

185

0.58

24.33%

5.935

9.

ISAT06B

9.257

9.257

9.257

22

0.07

6.88%

5.903

10.

SIKISAT03

8.074

10.783

9.415

117

0.37

20.47%

4.219

2,736

8.57

TOTAL

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

149

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
ISAT02BXBFTW

Q2-2008

Q3-2008

Q4-2008

Outstanding

27
200

Outstanding

ISAT03BXBFTW

93

76

86

Outstanding

53
640

ISAT04A

40

47

Outstanding

815

ISAT04B
Outstanding

285

ISAT05A

296

122

276

233

Outstanding

1,230

ISAT05B

210

125

196

358

Outstanding

1,370

SIKISAT02 24 29
Outstanding

400

ISAT06A -

106

62
760

Outstanding

ISAT06B 320

Outstanding

SIKISAT03

51 39

Outstanding

570
-

150

150

300

450

600

750

900

1,050

1,200

1,350

1,500

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

151

JPFA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

JAPFA COMFEED IDONESIA TBK


:
:
:
:
:

ADDRESS
Wisma Millenia 7th Fl.
Jl. MT Haryono Kav. 16, Jakarta - 12810
Phone : (021) 831-0308
Fax : (021) 831-0309

idBBB+
Animal Feed
http://www.japfacomfeed.co.id
Christine R. Wibisono
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Japfa Comfeed Indonesia Tbk (Japfa) has its roots in copra pellets
production back in its early history in 1971 when it was established under
the name of PT Java Pelletizing Factory Ltd.
In an effort to strengthen its capital structure, the Company listed its
shares on the Jakarta and Surabaya Stock Exchanges in October 1989.
This was followed by a rights issue in 1990 which provided the Company
with the financial strength to launch into the animal feed industry.
The Company subsequently made strategic acquisitions of four
companies engaged in poultry feed production, and the name of
the Company was changed from PT Java Pelletizing Ltd to PT Japfa
Comfeed Indonesia Tbk.
In 1992, Japfa embarked on its integration strategy with the acquisition
of a poultry breeding and processing business as well as shrimp farming
and processing operations. In 1994 the Companys subsidiary, PT
Multibreeder Adirama Indonesia Tbk, also listed its shares on the Jakarta
and Surabaya Stock Exchanges.
As part of a strategy to expand its business geographically in Indonesia,
the Company issued Japfa 1 Rupiah Bonds in 2007 to the value of
Rp 500 billion to finance the construction of two feedmills in Padang
and South Kalimantan. The construction of the two new feedmills was
completed in 2008.
The acquisition in 2008 of PT Santosa Agrindo, the largest beef cattle
feedlot operation in South East Asia, widens the range of protein foods
produced by Japfa. In 2008, the Company also acquired PT Vaksindo
Satwa Nusantara, an animal vaccine producer with facilities to research
the H5N1 virus. This acquisition represents a key component in Japfas
integration strategy.
Japfas core business activities include (i) an integrated poultry operation
encompassing feedmilling, breeding and commercial farming; (ii) Beef
cattle feedlotting and breeding; (iii) Aquaculture feedmilling, breeding
and prawn farming; and (iv) Consumer Foods.
Leveraging on its solid foundation as one of the largest and most
integrated agri-based operations in the country, Japfa is looking to make
inroads into value added and consumer branded foods with a view to
establishing Japfa as a leading dependable provider of protein foods in
Indonesia

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

249,617
476,906
1,389,067
2,492,794
1,401,288
26,637
4,043,497
1,018,738
2,068,936
3,087,674
163,240
2,000,000
1,489,415
1,489
1,000
-932,984
792,583

371,866
690,839
1,979,930
3,433,619
1,593,171
19,592
5,384,809
1,980,816
2,190,829
4,171,645
170,462
2,000,000
1,489,415
1,489
1,000
-679,572
1,042,702

48.97
44.86
42.54
37.74
13.69
-26.45
33.17
94.44
5.89
35.11
4.42
27.16
31.56

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

7,903,315 11,524,719
6,467,391 9,761,678
1,435,924 1,763,041
995,422 1,150,833
440,502
612,208
-149,430
-318,157
291,072
295,219
71,759
45,960
-38,551
4,153
180,864
253,412

45.82
50.94
22.78
15.61
38.98
-112.91
1.42
-35.95
N/A
40.11

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

3.90
4.47
2.29
5.57

4.00
4.71
2.20
5.31

2.70
5.21
-3.92
-4.69

AS OF JUNE 2009

No.

1.

152

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
Payment
Date

Coupon
Structure

Fixed: 12.75%

11-Jan-08
11-Apr-08
11-Jul-08
11-Oct-08

Rating

idBBB+

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

20.0

12.5

16.0

10.0

12.0

7.5

8.0

5.0

4.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2
-

WA1
Volume2
Turnover3
Modified Duration (Yrs): 3.967
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

10.599
23-Sep
10.599
10.295
10.395
16.00
12.8%

10.304
26-Dec
12.303
10.304
11.199
10.50
8.4%

Q1

Q2

10.707
30-Mar
12.303
10.707
11.488
13.00
10.4%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

JPFA01

Low

High

10.295

12.303

% of Total

Turnover
Ratio
(%)

27

0.08

5.30%

27

0.08

TRADING VOLUME
(Billion Rp)

11.199

TOTAL

Modified
Duration (Yrs)
End of Year
3.967

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

JPFA01 - 16 11
Outstanding

500
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2009


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

153

JPRO
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

JAKARTA PROPERTINDO
:
:
:
:
:

ADDRESS
Menteng Office Park 8th Floor
Jl. Probolinggo No. 18 Jakarta - 10350
Phone : (021) 230-1187
Fax : (021) 3193-4037, 230-1188

Baa2.id
Property And Real Estate
http://www.jakarta-propertindo.com
Mamat
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Jakarta Propertindo Tbk (JakPro) is a property sub-hodling of the
Provincial Government of Jakarta established in December 2000. JakPro
has been trusted to develop Pluit Modern Area, Pulomas Integrated Area,
coastal area reclamation as well as to undertake the construction of office
buildings, apartment complexes and urban-scale public facilities.
Today, Jakpro has spread its wings beyond property projects and
property management. Some of its most significant and strategic
infrastructure projects for development of capital city Jakarta include the
Radio Network Planning, Telecommunication and Fiber Optics and InnerCity Toll Road Projects. With the vast opportunities in Jakarta and the
strategic importance of its role and projects to the future development of
Jakarta, Jakpro is firmly commited to persue its financial growth parallel
with its critical mission to serve the city as wll as the national interest for
development with environment orientation.
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-2007

Dec-2008

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

114,428
94,425
759
201,146
50,812
9,231
924,848
6,290
398,842
6,180
750,000
429,996
430
1,000
89,830
519,826

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

-19.06
8.48
-31.23
-58.74
328.23
-6.00
0.55
-16.93
-0.68
-2.56
8.90
1.54

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

168,031
106,177
61,854
42,259
19,595
16,213
35,807
6,392
29,417
29,039

282,502
188,014
94,487
80,797
13,691
23,576
37,267
25,353
490
24,864

68.12
77.08
52.76
91.19
-30.13
45.42
4.08
296.61
-98.34
-14.38

0.77
3.14
17.28
11.66

0.75
2.67
8.80
4.85

-2.19
-14.85
-49.07
-58.44

BALANCE SHEETS

Change %

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

AS OF JUNE 2009

No.

1.

154

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
Payment
Date

Coupon
Structure

Fixed: 12.75%

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

Rating

Baa2.id

INDONESIA BOND MARKET DIRECTORY 2009


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

125

15.0

100

12.0

75

9.0

50

6.0

25

3.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

11.326 12.284 13.431 11.855


03-Jan 29-Apr 25-Sep 26-Dec
11.326 12.284 13.618 14.019
11.326 11.277 11.727 11.132
11.326 11.556 12.215 12.002
WA1
37.20
96.00 117.55
10.20
Volume2
20.4% 74.4% 192.0% 235.1%
Turnover3
Modified Duration (Yrs): 2.266
Last
Date
High
Low

Q1

Q2

12.072
24-Feb
12.072
11.537
12.015
29.65
59.3%

11.654
22-Jun
12.769
11.654
12.218
48.05
96.1%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

JPRO01

Low

High

11.132

14.019

Weighted Avg.
Executed
Yield (%)
12.002

TOTAL

% of Total

Turnover
Ratio
(%)

261

0.82

130.48%

261

0.82

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
2.266

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
JPRO01

10

Q2-2008

37

Q3-2008

Q4-2008

96

118
--

200

Outstanding
-

30

60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

Outstanding

E X C H A N G E

90

120

150

180

210

240

270

300

155

JSMR JASA MARGA (PERSERO) TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Plaza Tol Taman Mini Indonesia Indah
Jakarta - 13550
Phone : (021) 841-3630, 841-3526
Fax : (021) 841-3540

idAATollroad, Airport, Harbor & Allied Product


Okke Merlina
Bank Mega Tbk

PROFILE
The development of cities in Indonesia had been increasing eversince
Five Year Development I. This fact led to the increase of social economic
activities which made the traffic volume went up. Arterial roads, which
were to be used for long distance traffic had been confuse not only
with collector road but also local road, which caused tarffic jam and
obstruction of economic growth.
Those were the economic consideration for construction highway arterial
road. Developing such road required a large amount of fund. While State
Revenues & Expenditures Budget was very limited. This was the reason
why the toll system was applied on the first highway in Indonesia which
was Jakarta-Cibinong segment, 27 km, part of Jagorawi toll road.
Having been founded to operate the toll road on March 1st, 1978 based
on the Government Regulation no. 4 of 1978, later based on Presidential
Decree no. 38 of 1981, PT Jasa Marga (Persero) was appointed to
operate nine toll roads/bridges in Indonesia.
PT Jasa Marga (Persero) was formed based on the Government of
Republic of Indonesias rules number 4 year 1978 about the inclusion of
the Republic of Indonesias capital in forming a Persero whose business
includes the construction, management and maintenance of toll roads.
Also about the business rules (the Page of The Republic of Indonesia
number: 4 Juncto by the Decision of The Minister of Finance of the
Republic of Indonesia number : 90/KMK.06/1978, about the capital of PT
Jasa Marga (Persero), dated February 27, 1978.

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
Operating Expenses
Operating Profit
Other Income (Expenses)
Income before Tax
Tax
Minority Interests
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

156

Million Rp except Par Value

Dec-2007

Dec-2008

4,000,028 3,377,248
23,725
31,034
4,075,786 3,906,983
9,259,958 9,007,986
84,160
84,717
13,847,227 14,642,760
1,325,320 1,237,276
6,307,223 6,521,661
7,632,543 7,758,937
239,368
311,815
9,520,000 9,520,000
3,400,000 3,400,000
6,800
6,800
500
500
230,244
832,409
5,975,316 6,572,008

Change %
-15.57
30.81
N/A
-4.14
-2.72
0.66
5.75
-6.64
3.40
1.66
30.27
261.53
9.99

2,645,043
1,629,093
1,015,949
1,629,093
1,015,949
-613,893
402,057
122,228
-1,847
277,982

3,353,632
1,982,008
1,371,624
1,982,008
1,371,624
-425,802
945,822
223,922
-14,102
707,798

26.79
21.66
35.01
21.66
35.01
30.64
135.25
83.20
-663.58
154.62

1.28
2.01
10.51
38.41

1.18
4.83
21.11
40.90

-7.57
140.79
100.82
6.48

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

Series Name

JMPD10OXBFTW

1.

2.

JMPD11PXBFTW

3.

JMPD12Q

4.

Outstanding
(Rp Million)

JMPD13R

650,000

X Tahun 2002 Seri O

1,000,000

XI Seri P Tahun 2003

XII Seri Q Tahun 2006

XIII Seri R Tahun 2007

1,000,000

1,500,000

Listing
Date

11-Dec-02

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

idAA-

10-Oct-13

10-Jan-08
Year 1-5: 12.30%; Year 6- 10-Apr-08
10 Years
10-Jul-08
10: 13.00%
10-Oct-08

idAA-

06-Jul-16

Fixed: 13.50%

06-Jan-08
06-Apr-08
06-Jul-08
06-Oct-08

idAA-

Fixed: 10.25%

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

idAA-

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 (%)

YEAR 2008
Q1

Q2

9.868
10.572
27-Mar 25-Jun
10.603 10.932
9.901
9.868
1
10.291
10.466
WA
50.00
87.90
Volume2
30.8% 54.1%
Turnover3
Modified Duration (Yrs): 7.656
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.101
17-Sep
10.641
9.904
10.146
72.40
44.6%

10.627
22-Dec
11.025
9.949
10.413
107.20
66.0%

10.581
03-Mar
10.818
10.395
10.541
59.20
36.4%

10.605
29-Jun
10.898
9.951
10.527
102.45
63.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

JMPD11PXBFTW
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

10.263 10.442
27-Mar 27-Jun
10.740 10.506
9.936
9.982
10.184 10.286
WA1
146.00 162.00
Volume2
58.4% 64.8%
Turnover3
Modified Duration (Yrs): 4.519
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

9.917
17-Sep
10.506
9.915
10.312
34.00
13.6%

11.068
23-Dec
11.505
10.090
10.839
56.00
22.4%

10.799 10.567
12-Mar 01-May
11.001 10.567
10.661 10.405
10.885 10.467
10.00
3.00
4.0%
1.2%

Q2

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

157

JMPD12Q
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

75.0

15.0

60.0

12.0

45.0

9.0

30.0

6.0

15.0

3.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

10.382 11.421
05-Mar 08-May
10.588 11.555
10.333 11.306
1
10.417
11.397
WA
2
44.00
63.30
Volume
17.6% 25.3%
Turnover3
Modified Duration (Yrs): 6.561
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

11.510
23-Sep
11.555
11.051
11.362
56.12
22.4%

14.152
01-Dec
14.152
11.753
12.868
4.06
1.6%

12.603
25-Mar
12.603
12.603
12.603
1.00
0.4%

11.555
23-Jun
11.555
11.555
11.555
10.00
4.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

JMPD13R
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

8.629
8.805
13-Mar 18-Jun
8.805
9.110
8.629
8.805
8.991
8.805
WA1
87.10
9.20
Volume2
23.2%
2.5%
Turnover3
Modified Duration (Yrs): 5.002
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.193
25-Sep
10.746
9.193
10.342
127.30
33.9%

9.103
05-Dec
12.867
9.099
9.541
46.00
12.3%

10.512
27-Mar
10.512
8.841
9.965
16.25
4.3%

9.193
23-Jun
9.193
8.889
9.150
11.60
3.1%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

JMPD10OXBFTW

2.
3.
4.

Low

% of Total

318

0.99

48.85%

7.656

10.839

398

1.25

39.80%

4.519

12.868

167

0.52

16.75%

6.561

9.541

270

0.84

17.97%

5.002

1,153

3.61

9.868

11.025

10.413

JMPD11PXBFTW

9.915

11.505

JMPD12Q

10.333

14.152

JMPD13R

8.629

12.867

TOTAL

158

High

Turnover
Ratio
(%)

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

INDONESIA BOND MARKET DIRECTORY 2009


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 - YEAR 2008 (IN BILLION RP)


Q1-2008
50

JMPD10OXBFTW

88

72

Q2-2008

Q3-2008

--

650

146

Outstanding

107

Outstanding

JMPD11PXBFTW

Q4-2008

162

34 56

Outstanding

1,000

--

1,000

--

JMPD12Q 44 63 56
Outstanding

87 9

JMPD13R

127

46

150

300

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

--

1,500

Outstanding

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

159

KREN KRESNA GRAHA SEKURINDO TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Indonesia Stock Exchange Building Tower I, 30th Fl.
Jl. Jend. Sudirman Kav. 52 - 53, Jakarta - 12190
Phone : (021) 515-2889
Fax : (021) 515-5280

A3.id (A-)
Securities Company
http://www.kgs.com
Andreas Tanadjaya
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Kresna Graha Sekurindo Tbk (KREN) was established in 1999,
legalized by The Minister of Judiciary and Human Rights of The Republic
of Indonesia in the decision letter No. C-19958.HT.01.01.Th.99.
Licensed by Capital Market & Financial Institution Supervisory Agency
as Broker-Dealer, Underwriter and Investment Manager and became
member of Indonesia Stock Exchange since 2000
Kresna Securities going public in 2002 and listed at the Indonesia Stock
Exchange. The Company has branches in Pluit-Jakarta, Bandung,
Surabaya, Medan and Malang
The Company issued Rp 150 billion bonds in 2007 in 3 series: KREN01A
Rp 30 Billion, KREN01B, Rp 45 Billion and KREN01C, Rp 75 Billion.
The Company is serving Clients in Underwriting, Financial Advisory,
Equity Brokerage including Margin Trading, Fixed Income Trading, Asset
Management and Research. The Company had launched 17 mutual
funds, comprise of money market fund, fixed income fund, balanced
fund, US Dollar denominated fund, Sharia fund, protected funds and
index fund.
Acknowledged by Indonesia Museum of Records as the first securities
company in Indonesia to obtain ISO 9001:2000 Quality Management
System certification.

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
INCOME STATEMENTS
Total Revenues
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

Change %

Dec-2007

Dec-2008

134,732
2,375
-

42,291
2,617
-

-68.61
10.16
N/A

45,354
109,096
7,863
709,056
91,834

5,997
3,046
8,402
377,545
17,751

-86.78
N/A
-97.21
6.85
N/A
-46.75
-80.67

337,338
594,054
106,000
58,400
584
100
42,846
115,002

60,348
261,052
106,000
58,400
584
100
44,337
116,493

N/A
-82.11
-56.06
N/A
3.48
1.30

68,192
45,860
22,332
510
22,841
4,450
18,391

62,703
53,555
9,148
-2,921
6,227
1,974
4,253

-8.05
16.78
-59.04
N/A
-72.74
-55.64
N/A
-76.87

5.17
2.59
26.97
32.75

2.24
1.13
6.78
14.59

-56.62
-56.57
-74.85
-55.45

AS OF JUNE 2009

No.

1.

160

Code

KREN01C

Series Name

I Tahun 2007 Seri C

Outstanding
(Rp Million)

75,000

Listing
Date

10-May-07

Maturity
Date

08-May-10

Issue
Term

3 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 13.00%

Rating

08-Feb-08
08-May-08 A3.id (A)
08-Aug-08
08-Nov-08

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
KREN01C
Trading Volume
(Rp Billion)

7.50

12.5

6.00

10.0

4.50

7.5

3.00

5.0

1.50

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q3
-

8.897
27-Feb
8.897
8.795
8.843
WA1
4.00
Volume2
21.3%
Turnover3
Modified Duration (Yrs): 8.496
Last
Date
High
Low

Q1-Q2 2009
Q4
-

Q1
-

Q2

8.949
8.678
02-Mar 18-May
9.093
8.739
8.871
8.678
8.994
8.725
6.00
3.90
32.0% 20.8%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

KREN01C

Low
8.795

High

Weighted Avg.
Executed
Yield (%)

% of Total

0.01

5.33%

0.01

(Billion Rp)

8.843

8.897

Turnover
Ratio
(%)

TRADING VOLUME

TOTAL

Modified
Duration (Yrs)
End of Year
8.496

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q2-2008

Q4-2008

Outstanding

KREN01C

75

Outstanding
-

16

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

24

32

-40

48

56

64

72

80

161

LPPI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

LONTAR PAPYRUS PULP & PAPER INDUSTRY


:
:
:
:
:

ADDRESS
Plaza BII, Menara 2 7th Floor
Jl. M.H. Thamrin No. 51, Jakarta
Phone : (021) 3929266 - 69
Fax : (021) 392-6179

idD
Pulp & Paper
http://www.asiapulppaper.com
Agustian Rachmansjah Partawidjaja
Bank Niaga Tbk
FINANCIAL HIGHLIGHT

PROFILE
PT Lontar Papyrus Pulp & Paper Industry is :
One of the worlds largest vertically integrated pulp & tissue
companies.
A major player in the primary markets of China, the Middle East,
Australia, USA, Taiwan, Japan and other Asian countries.
Strategically located within the Asia-Pacific region.
Internationally recognized for the high quality of its pulp and tissue
products.
The direct employer of approximately 2,300 people.
Committed to sustainability in all its operations.
PT Lontar Papyrus Pulp & Paper was established in Medan in 1974.
The Company is domiciled in Jambi, and its plant is located in Tebing
Tinggi, Jambi.
The main business activity of the Company is the production of pulp,
tissue and paper. The Company started production of paper in 1976,
pulp in 1994, and tissue in 1998, with a current total production capacity
of approximately 7,500 tons of paper, 1,020,000 tons of pulp, and 60,000
tons of tissue per annum.
The Company is a subsidiary of PT Pindo Deli Pulp And Paper Mills,
which produces paper and tissue in Indonesia. Jointly, these companies
represent one of the largest vertically integrated producers of pulp,
paper and tissue in the world. The Company sells pulp and tissue
both domestically and through export. The Company directly employs
approximately 2,300 people.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

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

28,841
20,411
-29.23
63.42
246,589
402,982
553,140
879,701
59.04
1,015,933 1,614,172
58.89
6,239,522 8,500,660
36.24
837,067
382,615
-54.29
9,625,474 12,208,265
26.83
4,286,973 6,194,415
44.49
1,832,146 1,734,710
-5.32
6,119,119 7,929,125
29.58
N/A
3,200,000 3,200,000
365,446
854,815
133.91
0.4
0.9
133.91
1,000,000 1,000,000
64,219
277,506
332.13
369,561 4,279,140 1,057.90

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

3,316,986
2,796,350
520,635
331,219
189,416
-120,573
68,843
48,951
19,893

4,139,199
3,704,396
434,803
465,506
-30,704
179,624
148,920
53,929
202,849

24.79
32.47
-16.49
40.54
N/A
N/A
116.32
10.17
N/A
919.70

16.56
0.21
0.60
5.71

1.85
1.66
4.90
-0.74

-88.81
703.97
717.15
N/A

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

Dec-2008

Change %

AS OF JUNE 2009

No.

1.

2.

162

Code

LPPI02A

LPPI02B

Series Name

I Tahun 2000 Seri A

I Tahun 2000 Seri B

Outstanding
(Rp Million)

325,000

500,000

Listing
Date

01-Oct-04

01-Oct-04

Maturity
Date

01-Oct-14

01-Oct-17

Issue
Term

Coupon
Payment
Date

Coupon
Structure

10 Years

13 Years

Rating

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idD

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idD

INDONESIA BOND MARKET DIRECTORY 2009


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)

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

10.040
05-Mar
10.040
10.040
10.040
WA1
1.05
Volume2
1.5%
Turnover3
Modified Duration (Yrs): 11.050
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4

9.171
17-Jul
9.326
9.133
9.200
7.80
11.3%

Q1

Q2

7.288
20-Feb
7.288
7.288
7.288
4.48
6.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

LPPI02B
Trading Volume
(Rp Billion)

15.0

12.5

12.0

10.0

9.0

7.5

6.0

5.0

3.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q3

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 10.953
Last
Date
High
Low

Q1-Q2 2009

Q4

9.171
17-Jul
9.326
9.133
9.200
12.00
9.6%

Q1
-

Q2

7.288
20-Feb
7.288
7.288
7.288
7.47
6.0%

7.925
01-Apr
7.925
7.925
7.925
7.47
6.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Low

High

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

No.

Code

1.

LPPI02A

9.133

10.040

9.200

0.03

3.22%

11.050

2.

LPPI02B

9.133

9.326

9.200

12

0.04

2.40%

10.953

21

0.07

TOTAL

% of Total

Turnover
Ratio
(%)

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

LPPI02A
Outstanding

275

--

LPPI02B Outstanding

500
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2009


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

163

LTLS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

LAUTAN LUAS TBK


:
:
:
:
:

ADDRESS
Graha Indramas, Jl. AIP II KS. Tubun Raya No.77
Jakarta - 11410
Phone : (021) 5367-7777
Fax : (021) 536-71120

idAWholesale (Durable & Non Durable Goods)


http://www.lautanluas.com
Herman Santoso
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT LAUTAN LUAS Tbk Is a distributor of basic and specialty chemicals.
The Company was founded in 1951, as NV Lim Teck Lee Coy Ltd and
changed to its current name in 1965. The Company represents over 100
international principals, over 1,000 chemical products to more than 2,000
industrial customers throughout Indonesia and the Asia Pacific region.
To oversee its Distribution activities, the Company has five branch and
six representative offices throughout Indonesia. For its international
markets, Lautan Luas has a regional subsidiary in Singapore and
regional offices in China, Thailand and Vietnam. Lautan Luas also has
an affiliate company to support Distribution activities in Indonesia.
The Companys Manufacturing activities include 11 subsidiaries, wherein
Lautan Luas has majority stockholding, in Indonesia. In the region, Lautan
Luas participated in the establishment of three manufacturing facilities in
China and one in Vietnam through its Singapore regional subsidiary. The
Company also has six affiliate companies under Manufacturing.
In recent years, the Company established a Support & Service line of
business in response to third party and internal requirements for value
add services. Subsidiaries under Support & Service include an R&D
applications laboratory, IT consultancy, supply chain services and water
treatment solutions.
PT LAUTAN LUAS Tbk is a publicly listed company on the Indonesia
Stock Exchange. In March 2008, the Company issued its third 5-year
corporate IDR bond.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

102,264
552,018
398,607
1,130,674
640,701
2,135,084
1,363,316
81,027
1,444,343
94,601
600,000
195,000
780
250
366,916
596,140

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

73.97
42.46
162.74
86.81
38.77
N/A
63.69
37.88
715.50
75.90
63.74
33.95
34.09

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

2,712,536
2,195,855
516,681
328,348
188,333
-65,029
123,304
20,748
-30,886
71,670

4,458,094
3,523,168
934,926
413,762
521,164
-272,571
248,593
45,914
-56,833
145,846

64.35
60.45
80.95
26.01
176.72
-319.15
101.61
121.29
-84.01
103.50

2.42
3.36
2.64
6.94

3.18
4.17
3.27
11.69

31.17
24.32
23.82
68.37

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

164

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
Payment
Date

Coupon
Structure

Fixed: 11.65%

26-Jun-08
26-Sep-08
26-Dec-08
26-Mar-09

Rating

idA-

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

10.783 10.937
26-Mar 17-Jun
10.783 10.937
10.783 10.238
10.783 10.733
WA1
5.00
40.20
Volume2
4.0% 32.2%
Turnover3
Modified Duration (Yrs): 2.702
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.937
23-Sep
11.088
10.458
10.769
53.60
42.9%

10.789
23-Dec
12.455
10.640
11.247
40.70
32.6%

12.455
30-Jan
12.455
10.593
11.575
5.45
4.4%

11.120
04-Jun
12.741
10.740
11.704
18.70
15.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008

No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

1.

LTLS03

10.238

12.455

11.247

Executed Yield (%)

% of Total

Turnover
Ratio
(%)

139.5

0.437

27.90%

139.5

0.437

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year
2.702

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
LTLS03 5

40

54

Q2-2008

Q3-2008

Q4-2008

Outstanding

41
--

500

Outstanding
-

50

100

150

INDONESIA BOND MARKET DIRECTORY 2009


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

165

MAIN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

MALINDO FEEDMILL TBK


:
:
:
:
:

idA+(bg)
Animal Feed
Ong Beng Siong
Bank Permata Tbk

ADDRESS
Jl. R.S. Fatmawati No. 39, Komplek Duta Mas Fatmawati Blok A1 No. 30-31-32
Cipete Utara Kebayoran Baru, Jakarta - 12150
Phone : (021) 722-8383
Fax : (021) 723-7778
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).

BALANCE SHEETS

Million Rp except Par Value

Dec-2007

Dec-2008

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

8,592
126,596
95,813
288,221
195,129
504,827
295,041
22,076
317,117
58,587
33,900
339
100
115,746
187,710

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

1,085,559
974,393
111,166
54,588
56,578
-15,069
41,509
13,358
28,151

1,729,647
1,569,722
159,925
80,621
79,305
-64,375
14,930
7,302
1,415
4,210

59.33
61.10
43.86
47.69
40.17
-327.19
-64.03
-45.33
N/A
-85.04

1.69
5.58
2.59
5.21

17.66
0.49
0.24
4.59

945.15
-91.22
-90.61
-12.03

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

19,920
131.84
10.59
140,003
156,435
63.27
538,230
86.74
264,793
35.70
533
N/A
859,935
70.34
461,457
56.40
353,927 1,503.22
815,384
157.12
-1,629
N/A
58,587
33,900
339
100
112,610
-2.71
46,180
-75.40

AS OF JUNE 2009

No.

1.

166

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
Payment
Date

Coupon
Structure

Fixed: 11.80%

Rating

06-Jun-08
06-Sep-08
idA+(bg)
06-Dec-08
06-Mar-09

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

9.126
9.076
- 11-Apr 30-Jun
9.126
9.078
9.076
9.126
9.077
9.126
WA1
30.00 130.00
Volume2
40.0% 173.3%
Turnover3
Modified Duration (Yrs): 9.022

Q1

8.997
22-Dec
8.998
8.996
8.997
24.00
32.0%

Last
Date
High
Low

Q2

9.505
27-Mar
9.505
9.079
9.217
3.00
4.0%

9.690
24-Jun
9.690
9.572
9.656
7.00
9.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Code

No.
1.

High

Low

MAIN01

8.996

9.126

% of Total

Turnover
Ratio
(%)

184

0.58

61.33%

184

0.58

TRADING VOLUME
(Billion Rp)

8.997

TOTAL

Modified
Duration (Yrs)
End of Year
9.022

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
MAIN01 -

Q2-2008

30

Q3-2008

130

Q4-2008

Outstanding

24
300

Outstanding
-

30

60

90

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

120

150

-180

210

240

270

300

330

167

MAYA BANK MAYAPADA INTERNASIONAL TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

Baa1.id
Bank
http://www.bankmayapada.com
Bambang Raharjo
Bank Mega Tbk

PROFILE
PT Bank Mayapada International began operating as comercial bank
in 1990, Ander 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
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.

ADDRESS
Mayapada Tower, Ground Floor
Jl. 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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
36,298
194,886
466,453
3,023,510
224,301
78,237
4,474,878
2,961,851
12,619
14,459
3,533,226
650,000
412,956
2,577
500 & 100
76,959
941,652

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

497,385
275,950
11,392
174,122
58,705
242
58,947
18,202
40,744

630,884
330,096
9,306
250,097
59,997
155
60,151
19,186
40,965

26.84
19.62
-18.30
43.63
2.20
-35.92
2.04
5.41
N/A
0.54

3.75
0.91
8.19
11.80

4.80
0.74
6.49
9.51

27.95
-18.39
-20.73
-19.43

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

168

Million Rp except Par Value

Change %
31.10
17.55
5.80
29.00
N/A
16.15
51.99
23.19
34.38
14.36
N/A
18.30
29.13
N/A
36.49
0.92

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

Series Name

MAYA01B

1.

Subordinasi I Tahun 2005

MAYA02A

2.

3.

4.

Outstanding
(Rp Million)

50,000

II Tahun 2007 Seri A

MAYA02B

II Tahun 2007 Seri B

MAYA02C

Subordinasi II Tahun
2007

45,500

300,000

150,000

Listing
Date

28-Feb-05

30-May-07

30-May-07

30-May-07

Maturity
Date

25-Feb-15

29-May-10

29-May-12

29-May-17

Issue
Term

Coupon
Structure

Coupon
Payment
Date

5/10 Years

Year 1: 13.00%; Year 2:


13.00%; Year 3: 13.50%;
Year 4: 14.00%; Year 5:
14.50%; Year 6-10: 18.00%

25-Feb-08
25-May-08
25-Aug-08
25-Nov-08

Baa1.id

Fixed: 11.75%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

A2.id

Fixed: 12.00%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

A2.id

Year 1-5: 12.50%;


Year 5-6: 21.50%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

Baa1.id

3 Years

5 Years

10 Years

Rating

TRADING HIGHLIGHT
MAYA01B
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

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

1
WA
Volume2
Turnover3
Modified Duration (Yrs): 7.506
Last
Date
High
Low

Q3
-

Q4

9.731
9.678
17-Sep 12-Dec
9.731 10.510
9.731
9.678
9.731 10.005
2.00
15.00
17.6% 131.9%

Q1

Q2

9.678
10-Feb
9.678
9.678
9.678
5.00
44.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

MAYA02A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

75.0

12.5

60.0

10.0

45.0

7.5

30.0

5.0

15.0

2.5

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

Q4

Q1

Q2

8.647
8.636
8.653
8.511
8.529
- 13-Jun 20-Aug 11-Dec 04-Mar 22-Jun
8.836
8.710
8.654
8.511
8.739
8.647
8.636
8.559
8.511
8.495
8.651
8.730
8.585
8.511
8.555
WA1
15.00
27.66
1.50
60.15
23.30
Volume2
12.0% 481.2% 186.4% 120.0% 221.2%
Turnover3
Modified Duration (Yrs): 9.055
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

169

MAYA02B
Trading Volume
(Rp Billion)

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

Q1-Q2 2009

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q3

Q4
-

8.810
8.813
03-Jan 26-Jun
8.810
8.813
8.810
8.640
1
8.810
8.705
WA
3.00
6.50
Volume2
4.0%
8.7%
Turnover3
Modified Duration (Yrs): 7.148
Last
Date
High
Low

Q1

8.707
22-Oct
8.707
8.691
8.699
2.00
2.7%

Q2

9.353
30-Mar
9.353
9.353
9.353
1.00
1.3%

8.813
16-Jun
9.401
8.807
9.075
9.00
12.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

MAYA02C
Trading Volume
(Rp Billion)

1.00

12.5

0.80

10.0

0.60

7.5

0.40

5.0

0.20

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): .0

Q3

Q4
-

Last
Date
High
Low

Q1-Q2 2009
Q1
-

Q2

9.046
14-Jan
9.046
9.046
9.046
0.60
1.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008

No.

Code

% of Total

Turnover
Ratio
(%)

1.

MAYA01B

9.678

10.510

10.005

17

0.05

37.36%

2.

MAYA02A

8.559

8.836

8.585

85

0.27

169.90%

9.055

3.

MAYA02B

8.640

8.813

8.699

12

0.04

3.83%

7.148

4.

MAYA02C

113

0.36

Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Low

High

TOTAL

170

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
7.506

INDONESIA BOND MARKET DIRECTORY 2009


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 - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

MAYA01B - 2 15
--

46

Outstanding

MAYA02A - 2

60
50

Outstanding

23
--

MAYA02B 3 7- 2
--

300

Outstanding

MAYA02C --

150

Outstanding
-

30

60

90

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

120

150

180

210

240

270

300

330

171

MEDC MEDCO ENERGI INTERNASIONAL TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

idAACrude Petroleum & Natural Gas Production


http://www.medcoenergi.com/
Cisca Alimin
Bank Niaga Tbk

PROFILE
PT Medco Energi Internasional Tbk is an Indonesia-based integrated
energy company. The Company is engaged in oil and gas exploration
and production, drilling services, methanol production and the power
generation industry.
The Company has three business areas: oil and gas exploration and
production, onshore and offshore drilling services and methanol
production and sales. Through PT Exspan Nusantara, its primary oil and
gas exploration and production business, the Company oversees over
17 operating blocks comprise 12 exploration blocks and four producing
blocks within its working area.
Through PT Apexindo Pratama Duta Tbk, the Company provides
integrated oil and gas drilling services. In addition, the Company
embarked on downstream activities through its subsidiary, PT Medco
Methanol Bunyu, which is set up to operate a methanol plant under a
20-year joint management agreement with Pertamina, a state owned oil
company. The Company is headquartered in Jakarta, Indonesia.

ADDRESS
Graha Niaga Building, 16th Fl. Jl. Jend. Sudirman No. 58
Jakarta - 12190
Phone : (021) 250-5459
Fax : (021) 250-5694, 250-5536
FINANCIAL HIGHLIGHT

BALANCE SHEETS

Dec-2007

Dec-2008

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

2,509,015 3,816,620
2,687,386 3,132,095
610,350
350,305
7,000,537 9,447,666
4,771,745 1,723,710
373,313
388,954
20,227,590 21,683,449
3,556,598 4,246,172
10,529,414 9,275,324
14,093,965 13,522,139
1,191,440
133,286
400,000
400,000
333,245
333,245
3,332
3,332
100
100
2,703,079 5,785,986
4,942,184 8,028,024

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

9,248,295 14,085,289
52.30
47.07
5,779,390 8,499,697
61.02
3,468,906 5,585,592
42.86
1,255,633 1,793,771
71.32
2,213,273 3,791,821
N/A
-1,160,690 1,680,345
1,052,583 5,472,166
419.88
187.38
802,760 2,306,950
48.46
-188,180
-96,981
61,643 3,068,235 4,877.45

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

172

Million Rp except Par Value

2.85
0.30
0.67
23.93

52.12
16.55
-42.61
34.96
-63.88
4.19
7.20
19.39
-11.91
-4.06
-88.81
114.05
62.44

1.68
-40.94
14.15 4,543.26
21.78 3,168.16
26.92
12.49

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

1.

Series Name

MEDC01

2.

MEDC02A

3.

Outstanding
(Rp Million)

1,350,000

I Tahun 2004

II Tahun 2009 Seri A

513,500

986,500

II Tahun 2009 seri B

MEDC02B

Listing
Date

13-Jul-04

18-Jun-09

18-Jun-09

Maturity
Date

12-Jul-09

17-Jun-12

17-Jun-14

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

3 Years

5 Years

Rating

Fixed: 13.125%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

idAA-

Fixed: 13.375%

17-Sep-09
17-Dec-09
17-Mar-10
17-Jun-10

idAA-

Fixed: 14.25%

17-Sep-09
17-Dec-09
17-Mar-10
17-Jun-10

idAA-

TRADING HIGHLIGHT
MEDC01
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 (%)

YEAR 2008
Q1

Q2

Q3

10.127 10.142
9.946
28-Mar 26-Jun 25-Sep
10.623 10.436 10.562
10.044
9.924
9.939
1
10.123
10.104
10.124
WA
253.30 523.35 479.35
Volume2
75.1% 155.1% 142.0%
Turnover3
Modified Duration (Yrs): 4.052
Last
Date
High
Low

Q1-Q2 2009
Q4

Q1

Q2

10.217
26-Dec
10.707
9.922
10.232
223.61
66.3%

9.809
25-Mar
11.244
9.534
9.826
88.70
26.3%

3.405
26-Jun
3.415
3.318
3.380
313.50
92.9%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

MEDC02A
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 (%)

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

Q1-Q2 2009

YEAR 2008

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

Q2
10.853
30-Jun
10.902
10.772
10.871
102.00
79.5%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

173

MEDC02B
Trading Volume
(Rp Billion)

60.0

12.5

48.0

10.0

36.0

7.5

24.0

5.0

12.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

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

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

Q1-Q2 2009

Q3

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

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

11.330
30-Jun
11.435
11.297
11.365
55.00
22.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

MEDC01

Low
9.922

High
10.707

10.232

TOTAL

% of Total

Turnover
Ratio
(%)

1,480

4.64

109.60%

1,480

4.64

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
4.052

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

253

MEDC01

Q3-2008

523

Outstanding
479

224
--

1,350

Outstanding
-

174

Q4-2008

150

300

450

600

750

900

1,050

1,200

1,350

1,500

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

175

MEGA BANK MEGA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Bank Mega
Jl. Kapten Tendean 12 - 14A, Jakarta - 12970
Phone : (021) 7917-5000
Fax : (021) 7917-5015, 7918-7100

A(idn)
Bank
http://www.bankmega.com/
Dony Oskaria
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-to-date 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 2009 Bank Megas network has reached 83
branch, 122 sub branch and 1 cash outlet, 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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
532,011
1,259,660
14,549,382
13,843,320
753,647
428,035
34,907,728
30,605,842
84,663
422,685
144,697
31,968,591
900,000
812,722
1,625.44
500
854,899
2,939,137

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

3,343,898
1,953,050
245,067
789,492
746,116
-96
746,020
225,301
520,719

3,699,937
2,112,213
280,695
1,039,381
673,437
1,404
674,841
173,160
-

10.65
8.15
14.54
31.65
-9.74
N/A
-9.54
-23.14
N/A
-100.00

10.88
1.49
15.57
22.31

11.15
18.20

2.47
-100.00
-100.00
-18.43

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

Change %
50.99
94.10
-43.80
35.44
N/A
41.13
157.02
-0.13
-3.02
-28.93
-71.34
80.75
0.07
N/A
255.56
46.50
-2.3

AS OF JUNE 2009

No.

1.

176

Code

MEGA01

Series Name

subordinasi Tahun 2007

Outstanding
(Rp Million)

1,000,000

Listing
Date

16-Jan-08

Maturity
Date

15-Jan-18

Coupon
Payment
Date

Issue
Term

Coupon
Structure

10 Years

Year 1-5: 11.50%;


Year 6-10: 21.50%

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

Rating

A(idn)

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

150

12.5

120

10.0

90

7.5

60

5.0

30

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.187
9.070
14-Mar 18-Jun
9.187
9.106
9.123
9.051
9.178
9.082
WA1
22.00 121.00
Volume2
8.8% 48.4%
Turnover3
Modified Duration (Yrs): 5.619
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.297
24-Sep
9.689
8.920
9.429
123.50
49.4%

9.152
22-Dec
9.884
9.081
9.141
23.94
9.6%

9.336
02-Mar
10.965
9.082
9.459
145.98
58.4%

9.138
24-Jun
9.729
8.987
9.258
98.30
39.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

MEGA01

Low

High

8.920

9.884

% of Total

Turnover
Ratio
(%)

290

0.91

29.04%

290

0.91

TRADING VOLUME
(Billion Rp)

9.141

TOTAL

Modified
Duration (Yrs)
End of Year
5.619

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
MEGA01 22

121

124

Q2-2008

Q3-2008

Q4-2008

Outstanding

24
--

1,000

Outstanding
-

100

200

300

INDONESIA BOND MARKET DIRECTORY 2009


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

177

MLSS MULIAGLASS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Wisma Mulia 53th Floor
Jl. 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
PT Muliaglass was founded in October 6th 1989. Its office and factory
are located at Cikarang West Bekasi, West Jave.
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. The company is
one of subsidiary of Mulia Group.

Million Rp except Par Value

Dec-2007

BALANCE SHEETS

Dec-2008

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

32,619
158,272
582,221
568,885
362,484
424,917
1,129,904 1,346,023
1,469,640 1,420,763
1,864
1,897
2,685,837 2,766,787
3,716,132 4,122,204
86,254
3,802,385 4,213,945
500,000
500,000
464,000
464,000
464
464
1,000
1,000
-1,634,548 -1,965,158
-1,116,548 -1,447,158

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

1,661,463
1,401,992
259,471
256,950
2,522
-289,360
-286,838
-4,006
-282,832

17.45
1,951,340
9.29
1,532,234
61.52
419,106
1.41
260,567
158,539 6,187.18
-49.54
-432,701
-274,163
4.42
N/A
56,448
N/A
-330,610
-16.89

-3.41
-10.53
-17.02
0.15

-2.91
14.49
-11.95
-13.47
-16.94
0.47
8.12 5,253.20

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

385.22
-2.29
17.22
19.13
-3.33
1.75
3.01
10.93
-100.00
10.82
N/A
-20.23
-29.61

AS OF JUNE 2009

No.

1.

2.

178

Code

MLSS01ASBVTW

MLSS01BSBVTW

Series Name

I Senior A Tahun 2000

I Senior B Tahun 2000

Outstanding
(Rp Million)

17,382

10,800

Listing
Date

21-Dec-00

21-Dec-00

Maturity
Date

31-Oct-07

31-Oct-07

Coupon
Payment
Date

Issue
Term

Coupon
Structure

7 Years

From 15.00% to 18.00%


p.a.

31-Jan-08
30-Apr-08
31-Jul-08
31-Oct-08

N.A

From 15.00% to 18.00%


p.a.

31-Jan-08
30-Apr-08
31-Jul-08
31-Oct-08

N.A

7 Years

Rating

INDONESIA BOND MARKET DIRECTORY 2009


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 2008 and Q1-Q2 2009
MLSS01BSBVTW
No Transaction in the Year of 2008 and Q1-Q2 2009

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

MLSS01ASBVTW

2.

MLSS01BSBVTW

Low

High
-

TRADING VOLUME
(Billion Rp)

% of Total

TOTAL

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

MLSS01ASBVTW --

17

Outstanding

MLSS01BSBVTW -

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

--

11

Outstanding

S T O C K

E X C H A N G E

10

12

14

16

18

20

179

MPPA MATAHARI PUTRA PRIMA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

idA+
Retail Trade
http://www.matahari.co.id/
Lina Haryanti Latif
Bank Mega Tbk

PROFILE
Matahari is Indonesias largest multi-format modern retailer, whose focus
is to serve the most potential middle - middle upper customers spread
throughout the nations archipelago. Established in 1958, Matahari has
been evolving from a small store selling children clothing in Pasar Baru,
Jakarta to become a national retail giant with more than 285 stores
spread over 50 cities around Indonesia.
Through the knowledge and experience in doing retail business for
the past 51 years, Mataharis vision is to become a prominent market
leader nationally and to be recognized as a well-respected retail player
internationally. Matahari is committed to spearhead a continuing growth
in the future, whilst at the same time, plays an active role to the economy,
social and cultural development of Indonesia
Supporting this vision, Mataharis mission is to become the premier
choice of shopping to its customers, and dominates the middle-middle
upper segment through its core retail businesses, Matahari Department
Stores (MDS) & Matahari Food Business (MFB) as well as its subsidiaries
operation, Timezone & Times Bookstores.
To carry out this objective, Matahari offers a wide variety of products,
which includes both domestic and international brands, as well as the
emerging popularity of private brands, whose quality is getting more
recognized by the consumers nowadays. Although the main contribution
still come from fashion clothing business, Matahari also offers other
products suitable for its customers tastes, such as shoes, bags,
accessories, cosmetics, toys and household items. More importantly,
our Hypermart & Foodmart division also offers a full range of daily needs
to complement the one stop shopping concept, ranging from groceries,
toiletries to perishable goods.

ADDRESS
Menara Matahari- Lippo Life 20th Fl., Boulevard Palem Raya 7
Karawaci, Tangerang - 15811
Phone : (021) 546-9333, 547-5333
Fax : (021) 547-5757
FINANCIAL HIGHLIGHT

BALANCE SHEETS

Dec-2007

Dec-2008

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

2,763,702
227,741
906,377
4,426,455
1,696,599
275,556
8,403,470
1,969,406
3,130,036
5,099,442
58,861
5,400,000
2,355,961
4,712
500
1,074,328
3,245,167

1,741,844
1,030,619
983,560
5,079,299
1,903,411
295,087
9,741,369
4,525,766
2,052,371
6,578,137
55,631
5,400,000
2,355,961
4,712
500
1,033,042
3,107,601

-36.97
352.54
8.52
14.75
12.19
7.09
15.92
129.80
-34.43
29.00
-5.49
-3.84
-4.24

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

9,768,075 11,977,370
7,188,981 8,853,215
2,579,094 3,124,155
2,171,086 2,627,435
408,008
496,720
-202,629
-549,153
213,707
-66,871
36,763
-74,138
3,247
3,230
180,191
10,497

22.62
23.15
21.13
21.02
21.74
-171.01
N/A
N/A
-0.52
-94.17

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

180

Million Rp except Par Value

1.57
2.14
1.84
4.18

2.12
0.11
0.09
4.15

34.71
-94.97
-95.25
-0.71

INDONESIA BOND MARKET DIRECTORY 2009


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.

Series Name

Code

1.

MPPA03A

Listing
Date

Outstanding
(Rp Million)

III Tahun 2009 Seri A

250,000

15-Apr-09

Maturity
Date

14-Apr-12

Coupon
Payment
Date

Coupon
Structure

Issue
Term

3 Years

Rating

Fixed: 16%

14-Jul-09
14-Oct-09
14-Jan-10
14-Apr-10

idA+

idA+

2.

MPPA03B

III Tahun 2009 Seri B

52,000

15-Apr-09

14-Apr-14

5 Years

Fixed: 17%

14-Jul-09
14-Oct-09
14-Jan-10
14-Apr-10

3.

SIKMPPA01A

Sukuk Ijarah II Tahun


2009 Seri A

90,000

15-Apr-09

14-Apr-12

3 Years

Ijarah Fee Rp 160 Million


per Rp 1 Billion

14-Jul-09
14-Oct-09
14-Jan-10
14-Apr-10

idA+(sy)

SIKMPPA01B

Sukuk Ijarah II Tahun


2009 Seri B

5 Years

Ijarah Fee Rp 170 Million


per Rp 1 Billion

14-Jul-09
14-Oct-09
14-Jan-10
14-Apr-10

idA+(sy)

4.

136,000

15-Apr-09

14-Apr-14

TRADING HIGHLIGHT
MPPA03A
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 (%)

YEAR 2008
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A 11.355
N/A 10-Jun
N/A 11.355
N/A 11.139
N/A 11.278
N/A 210.00
N/A 336.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

MPPA03B
No Transaction in Q2-2009
SIKMPPA01A
No Transaction in Q2-2009
SIKMPPA01B
No Transaction in Q2-2009

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

181

MTDL METRODATA ELECTRONIC TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Wisma Metropolitan I, 16th Fl.
Jl. Jend Sudirman Kav. 29 - 31, Jakarta - 12920
Phone : (021) 570-5996
Fax : (021) 570-5988

A3.id
Computer And Services
http://www.metrodata.co.id/
Susanto Djaja
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Metrodata Electronics, Tbk (the Company) was established on
February 17, 1983 as part of the METRODATA group, a prominent
player in Information Technology since 1975. Throughout its history, it
has undergone name changes. On 28 March 1991, the name was finally
changed to PT Metrodata Electronics, Tbk, which is used until today.
On February 14, 1990, the Company launched its Initial Public Offering
on the Indonesia Stock Exchange with symbol MTDL to raise funds as
well as to allow for public participation in its development and growth.
The Company is one of the leading players in IT industry in Indonesia.
It has built close partnerships with world-class vendors, including APC,
Blue Coat, BMC Software, CheckPoint, Cisco Systems, Citrix Systems,
DELL, EMC, Emerson Network Power, Epson, Hewlett-Packard, Hitachi
Data Systems, IBM, Infor Global Solutions, K2, Lenovo, Microsoft,
Nucleus, Oracle, RSA Security, SAP, Sun Microsystems, Symantec,
Trend Micro, Prometric, VMWare and WebMethods.
With years of experience in IT, the Company has accompanied its
customers as they grow their businesses. The professional hands of
every Companys employees continue to develop new innovations to
meet challenges of changing times.
Other than PT Metrodata E Bisnis, PT Mitra Integrasi Informatika and
PT E Metrodata Com, which all are the Companys subsidiaries, in
2008, the Company acquired Soltius Asia, Pte. Ltd. and TTS Infotech
Pte. Ltd, an established SAP consulting firm in region. Soltius Asia Pte
Ltd is the owner of PT Soltius Indonesia, where TTS Infotech Pte. Ltd
is the owner of Soltius Thailand Co. Ltd. and Soltius Australia Pty. Ltd.
The strategic acquisition opens the door for the Company to expand its
regional businesses and to compete against other SAP partners in the
enterprise segment.
The Company also purchased shares of PT Xerindo Teknologi in
February 2009, a company with expertise in radio planning, installation,
testing/commissioning, maintenance, etc. to strengthen its strategy to go
in Telco Supporting Services industry.
In 2009, the Company received 1st Rank in Electronics Sector and in
2008 received The Best Listed Company 2008 Best Performance in
Electronics Sector award given by Investor Magazine and Globe Media
Group.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

159,929
603,092
151,923
1,007,583
44,997
16,584
1,162,251
787,116
32,266
819,381
58,588
132,500
102,096
2,042
50
145,545
284,282

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

36.68
-23.70
51.74
-1.88
56.24
47.58
10.89
-5.96
299.27
6.06
75.14
16.65
11.56

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

2,712,987
2,429,558
283,428
172,476
110,953
-11,409
99,558
30,369
-40,709
28,480

3,422,200
2,964,915
457,284
202,694
254,591
-118,280
132,193
50,119
-52,118
29,956

26.14
22.04
61.34
17.52
129.46
-936.71
32.78
65.03
-28.03
5.18

2.88
2.45
1.05
4.09

2.74
2.32
0.88
7.44

-4.93
-5.14
-16.61
81.91

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

AS OF JUNE 2009

No.

1.

182

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
Payment
Date

Issue
Term

Coupon
Structure

5 Years

Rp. 141.250.000 per 1


Billion unit

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

Rating

A3.id

INDONESIA BOND MARKET DIRECTORY 2009


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)

7.50

15.0

6.00

12.0

4.50

9.0

3.00

6.0

1.50

3.0

YEAR 2008

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
N/A
N/A
Turnover3
Modified Duration (Yrs): 7.615
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

12.515
11-Jul
12.525
12.515
12.520
2.00
8.9%

Q1
-

Q2
-

12.415
11-Jun
12.419
12.210
12.289
5.30
23.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

SIKMTDL01

Low

High

12.515

12.525

Weighted Avg.
Executed
Yield (%)
12.520

TOTAL

% of Total

Turnover
Ratio
(%)

0.01

2.22%

0.01

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
7.615

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

SIKMTDL01 - 290

Outstanding
-

10

20

INDONESIA BOND MARKET DIRECTORY 2009


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

183

MYOR MAYORA INDAH TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jl. Tomang Raya No. 21 - 23
Jakarta
Phone : (021) 565-5311, 565-5314
Fax : (021) 565-5323

idA+
Food And Beverages
http://www.mayora.co.id
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, Milko, Kis, Tamarin
Beng Beng, Astor, Roma Wafer Coklat
Choki-choki, Danisa
Torabika Duo, Torabika Duo Susu, Torabika Moka,
Torabika 3 in One, Torabika Cappuccino
Energen Cereal

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

120,002
585,999
266,716
1,043,843
774,390
1,893,175
356,123
428,911
785,784
25,596
1,500,000
383,292
767
500
636,687
1,081,795

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

163.60
28.26
100.34
61.41
33.10
N/A
54.40
116.16
104.36
109.59
20.94
26.00
15.10

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

2,828,440
2,199,880
628,560
389,846
238,713
-28,885
209,828
63,210
-5,029
141,589

3,907,674
3,153,751
753,923
408,503
345,420
-71,351
274,070
72,481
-5,359
196,230

38.16
43.36
19.94
4.79
44.70
-147.01
30.62
14.67
-6.57
38.59

0.73
7.48
5.01
8.44

1.32
6.71
5.02
8.84

82.10
-10.24
0.31
4.74

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

AS OF JUNE 2009

No.

1.

2.

184

Code

Series Name

MYOR03

III Tahun 2008

SMKMYOR01

Sukuk Mudharabah I
Tahun 2008

Outstanding
(Rp Million)

100,000

200,000

Listing
Date

06-Jun-08

06-Jun-08

Maturity
Date

05-Jun-13

05-Jun-13

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

Fixed: 13.75%

5 Years

Nisbah of Revenue
Sharing: 55.00%

05-Sep-08
05-Dec-08
05-Mar-09
05-Jun-09

Rating

idA+

05-Sep-08
05-Dec-08
idA+ (sy)
05-Mar-09
05-Jun-09

INDONESIA BOND MARKET DIRECTORY 2009


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

2.50

12.5

2.00

10.0

1.50

7.5

1.00

5.0

0.50

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

N/A
9.952
N/A 09-Jun
N/A
9.952
N/A
9.952
N/A
9.952
WA1
N/A
2.00
Volume2
N/A
8.0%
Turnover3
Modified Duration (Yrs): 5.052
Last
Date
High
Low

Q4

9.952
11-Aug
9.952
9.952
9.952
0.40
1.6%

Q1

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

SMKMYOR01
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

YEAR 2008

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): 7.917

Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.849
01-Sep
9.851
9.690
9.725
10.00
20.0%

9.843
11-Dec
9.843
9.533
9.746
16.30
32.6%

9.050
31-Mar
9.640
9.050
9.515
3.00
6.0%

9.213
10-Jun
9.216
9.213
9.215
0.30
0.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Code

No.

Low

High

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

MYOR03

9.952

9.952

9.952

0.01

2.40%

5.052

2.

SMKMYOR01

9.533

9.851

9.746

26

0.08

13.15%

7.917

29

0.09

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

MYOR03 Outstanding

100

SMKMYOR01 -

10

--

16

Outstanding

200
-

20

40

INDONESIA BOND MARKET DIRECTORY 2009


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

185

NEFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

NEWERA FOOTWEAR INDONESIA


:
:
:
:
:

ADDRESS
Jl. Permata Juanda, West Wing Super Bok B 3-7
Sidoarjo 61253, Jawa Timur
Phone : (031) 868-8888
Fax : (021) 868-9999

N.A
Footwear
Willy Budiono
Bank Permata Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Newera Footwear Indonesia Tbk was etablished on November 5,
1996, located in Gresik, East Java Indonesia. The Companys line of
business is focusing on footwear such as shoes, sandals, especially
for sport touring, shopping and relaxing. The Companys has 8 sole
distributors and more than 100 agents spreading in Indonesia

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

352
35,023
83,403
119,439
48,775
206,439
91,977
29,790
121,767
344
400,000
103,000
0.10
1,000,000
-4,128
84,328

611
33,802
70,435
105,101
39,229
189,651
92,379
25,000
117,379
344
400,000
103,000
0.10
1,000,000
-31,072
71,928

73.77
-3.49
-15.55
-12.00
-19.57
N/A
-8.13
0.44
-16.08
-3.60
-652.76
-14.70

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

67,623
68,684
-1,062
21,085
-22,147
-1,059
-23,206
-8,677
-14
-14,544

69,836
75,503
-5,667
12,610
-18,277
217
-18,060
5,660
0
-12,400

3.27
9.93
-433.71
-40.19
17.47
N/A
22.17
N/A
N/A
14.74

1.44
-7.05
-21.51
-32.75

1.63
-6.54
-17.76
-26.17

13.02
7.19
17.44
20.09

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

AS OF JUNE 2009

No.

1.

186

Code

NEFI01XXBFTW

Series Name

I Tahun 2003

Outstanding
(Rp Million)

31,500

Listing
Date

21-Nov-03

Maturity
Date

20-Nov-08

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 15.50%

20-Feb-08
20-May-08
20-Aug-08
20-Nov-08

Rating

N.A

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
NEFI01XXBFTW
No Transaction in the Year of 2008 and Q1-Q2 2009

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

NEFI01XXBFTW

Low

High
-

TRADING VOLUME
(Billion Rp)

TOTAL

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

NEFI01XXBFTW -

10

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

--

32

Outstanding

S T O C K

E X C H A N G E

15

20

25

30

35

40

45

50

187

NISP
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

BANK OCBC NISP TBK


:
:
:
:
:

ADDRESS
Bank NISP Tower
Jl. Prof. Dr. Satrio Kav. 25, Jakarta - 12940
Phone : (021) 2553-3888
Fax : (021) 5794-4000

idA+
Bank
http://www.banknisp.com
Andyani Pusparini & Alfatihatmy
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Bank NISP Tbk. (Bank NISP or the Bank) is the fourth oldest
bank in Indonesia, dating back to April 4, 1941, when it was established
in Bandung under the name of NV Nederlandsch Indische Spaar En
Deposito Bank.
Bank NISP 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 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 Bank NISP through a series of
acquisition since 2004.
With the support from OCBC Bank-Singapore, Bank NISP embarked
on an ambitious expansionary program to position itself as a National
Bank.
In 2006, the Bank moved its new Headquarters to Bank NISP Tower, in
the center of Jakarta.
In 2007, Bank NISP continues to put significant investments in
infrastructure, including human resources, information technology and
branch network.

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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
616,441
1,408,604
3,853,184
18,857,535
67,880
729,765
812,296
28,969,069
22,417,770
65,100
802,764
567,600
25,600,443
1,200,000
726,822
5,814.57
125
1,334,661
3,368,626

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

2,623,282
1,444,965
335,617
1,164,587
349,347
2,546
351,893
101,809
250,084

2,785,731
1,385,114
470,869
1,419,394
452,092
2,136
454,228
137,306
316,922

6.19
-4.14
40.30
21.88
29.41
-16.10
29.08
34.87
N/A
26.73

7.60
0.86
9.53
13.32

8.43
0.93
11.38
16.23

10.96
7.20
19.34
21.86

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

Change %
34.61
-95.77
63.77
8.19
4.50
6.54
2.85
18.22
21.51
102.30
9.77
8.82
19.59
N/A
31.79
7.8

AS OF JUNE 2009

No.

1.

188

Code

Series Name

NISP02

Subordinasi II Tahun
2008

Outstanding
(Rp Million)

600,000

Listing
Date

12-Mar-08

Maturity
Date

11-Mar-18

Issue
Term

Coupon
Payment
Date

Coupon
Structure

10 Years

Year 1-5: Fixed: 11.10%

11-Jun-08
11-Sep-08
11-Dec-08
11-Mar-09

Rating

idA+

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

500

12.5

400

10.0

300

7.5

200

5.0

100

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q1-Q2 2009

Q3

Q2

8.906
9.417
9.782
14-Mar 30-Jun 26-Sep
8.911
9.841
9.921
8.902
9.417
8.971
8.906
9.220
9.739
WA1
177.00 440.00 234.52
Volume2
118.0% 293.3% 156.3%
Turnover3
Modified Duration (Yrs): 8.873
Last
Date
High
Low

Q4

Q1

Q2

9.622
16-Dec
9.762
8.908
9.355
110.59
73.7%

9.607
10-Mar
10.327
8.908
9.558
52.35
34.9%

8.973
12-Jun
10.167
8.973
9.796
116.85
77.9%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008

No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

1.

NISP02

8.902

9.921

9.355

Executed Yield (%)

% of Total

Turnover
Ratio
(%)

962

3.01

160.35%

962

3.01

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year
8.873

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

177

NISP02

Q3-2008

235

200

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

300

111

--

600
100

Outstanding

440

Outstanding
-

Q4-2008

400

500

600

700

800

900

1,000

189

OTMA OTO MULTIARTHA


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Summitmas II, 18th Floor
Jl. Jend. Sudirman Kav. 61 - 62, Jakarta - 12190
Phone : (021) 522-6410
Fax : (021) 522-6424

idA+
Financial Institution
http://www.oto.co.id
Muliawan Gunadi K
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT OTO MULTIARTHA (OMA) is one of Indonesias leading
independent, non-captive, automotive finance companies. OMA was
incorporated in Jakarta as PT Manunggal Multi Finance on 28 March
1994. In September 1995 OMA changed its name to PT Oto Multiartha
as a reflection of its business focus in automobile financing.
In 1996, Sumitomo Corporation, Japan acquired a majority stake in OMA.
Sumitomo Corp is a Japanese integrated business enterprise which
has subsidiaries and affiliates throughout the world. With the support
of Sumitomo Corp, OMA has grown extensively, doubling its number of
total car financing.
OMAs main business is financing the purchase of new and used
automobiles. As OMA has no affiliation to any car distributors, OMA has
flexibility to finance most brands of cars in the market. OMA has been
able to enjoy the strong growth of the Indonesian domestic car market
over the last few years.
Currently OMA has an extensive network in 31 major Indonesian cities
with a total of 44 branches and marketing points. In looking to provide
a one-stop-service to its 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
players in Indonesia car financing business.

BALANCE SHEETS

Million Rp except Par Value

Dec-2007

Dec-2008

INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

Change %

4,131,859 1,187.90
22.41
26,777

320,822
Cash & Cash Equivalents
21,876
Other Recievables
Consumer Financing
5,224,461
Receivables
Prepaid Expenses and
Taxes
Fixed Assets
92,144
Other Assets
64,062
Total Assets
5,914,564
Fund Borrowings
3,732,614
Taxes Payable
13,150
Total Liabilities
4,819,215
95
Authorized Capital (Shares
500,000
Authorized Capital
325,000
Paid up Capital
Paid up Capital (Shares)
55
Par Value
1,000 & 10,000
Retained Earnings
812,207
Total Equity
1,095,349

8,209,421

57.13

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

N/A
17.12
-1.17
66.82
84.18
643.00
63.36
426.32
22.03
621.09
49.87
82.04

1,177,915
931,998
245,917

1,553,590
952,318
601,271

31.89
2.18
N/A
144.50

75,902
170,016

196,184
405,088

158.47
138.27

4.40
2.87
14.43
20.88

3.95
4.11
26.07
38.70

-10.26
42.83
80.65
85.38

AS OF JUNE 2009

No.

1.

190

Code

OTMA05B

Series Name

V Tahun 2007 Seri B

Outstanding
(Rp Million)

500,000

Listing
Date

20-Jun-07

Maturity
Date

19-Jun-10

Coupon
Payment
Date

Coupon
Structure

Issue
Term

36 Months

Fixed: 10.30%

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

Rating

idA+

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
OTMA05B
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.236
8.969
11-Mar 28-May
8.981
9.237
8.878
9.009
8.966
9.215
WA1
118.00 200.00
Volume2
94.4% 160.0%
Turnover3
Modified Duration (Yrs): 9.267
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.142
9.768
9.534
04-Aug 19-Dec 02-Mar
9.332 10.913 10.464
9.053
9.054
9.206
9.824
9.117 10.178
106.60 140.50 457.50
85.3% 112.4% 366.0%

9.282
25-Jun
10.430
9.004
9.259
47.00
37.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

OTMA05B

Low
8.878

High
10.913

10.178

TOTAL

% of Total

Turnover
Ratio
(%)

565

1.77

113.02%

565

1.77

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
9.267

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
OTMA05B

Q2-2008

118

Q3-2008

200

Outstanding

Q4-2008

Outstanding

107

141
--

500
-

60

120

INDONESIA BOND MARKET DIRECTORY 2009


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

191

PANS PANIN SEKURITAS TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Indonesia Stock Exchane Building Tower II, 17th Fl. Suite 1705
Jl. Jend. Sudirman Kav. 52 - 53, Jakarta - 12190
Phone : (021) 515-3055
Fax : (021) 515-3061

A1.id
Securities Company
http://www.paninsekuritas.com
Prama Nugraha
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Panin Sekuritas Tbk (PANS) was established on July 27, 1989 located
in Jakarta under the name of PT Panin Sekuritasindo. The Company is a
subsidiary of PT Bank Panin Tbk, one of the leading financial institutions
in Indonesia.
The Company was going public and listed its shares at the Jakarta Stock
Exchange in 2000. The Company issued Rp 100 billion bonds in 2003,
Rp 75 billion bonds in 2005, Rp 200 billion in 2007 and listed these bonds
at Surabaya Stock Exchange.
The Company has 6 branches network consists of 3 branches in Jakarta
(Pluit, Kelapa Gading and Kebon Jeruk), 1 branch in Medan, Bandung
and Surabaya.
The Company has vision to become a leading and trusted securities
company in capital market which will deliver optimal financial solutions to
its customers. The services include stock brokerage, margin financing,
fixed income trading, underwriting, financial advisory, fund management
as well as research.
Equity Division provides services to clients in stock brokerage, supported
by the latest research and accurate executions of orders. The Company
is the first securities company which obtained the licensed to provide
margin trading facility for equity trading in the Jakarta Stock Exchange.
Fixed Income Division mainly serves local and international clients.
The instruments and services available to clients include corporate and
government bonds as well as commercial papers.
Corporate Finance business has been active in underwriting for initial
public offering of bonds and equities, financial advisory and private
placement.
Asset Management business has transformed itself into one of the
largest investment managers in Indonesia. First participation in the asset
management industry was marked by the launching of three mutual funds
in 1997. To date the Company has launched 17 mutual funds comprise
of equity funds, fixed income funds, balances funds, protected funds and
US Dollar denominated funds.

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
INCOME STATEMENTS
Total Revenues
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-2007

Change %

Dec-2008

17,854
2,958
-

313,637 1,656.66
24.85
3,693
N/A
180,793

112,419
323,447
2,712
888
1,298,151
140,350

20,330
115,694
3,203
1,248
933,564
28,064

-81.92
N/A
-64.23
18.10
40.45
-28.09
-80.00

453,569
1,011,812
1,143
160,000
90,000
360
250
190,610
285,196

351,896
628,942
948
160,000
90,000
720
125
209,088
303,673

N/A
-22.42
-37.84
-17.08
100.00
-50.00
9.69
6.48

220,656
49,476
171,181
-70,043
101,137
14,032
-185
86,921

173,891
41,880
132,011
-84,464
47,547
11,265
195
36,477

-21.19
-15.35
-22.88
-20.59
-52.99
-19.72
N/A
-58.03

3.55
6.70
39.39
77.58

2.07
3.91
20.98
75.92

-41.62
-41.64
-46.75
-2.14

AS OF JUNE 2009

No.

1.

192

Code

PANS03

Series Name

III Tahun 2007

Outstanding
(Rp Million)

200,000

Listing
Date

18-Jun-07

Maturity
Date

15-Jun-12

Issue
Term

5 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 11.75%

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

Rating
A1.id
(A+)

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

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

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.683
9.594
12-Feb 11-Apr
9.598
9.683
9.594
9.683
9.597
9.683
WA1
7.00
7.00
Volume2
14.0% 14.0%
Turnover3
Modified Duration (Yrs): 9.030
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4
-

Q1

9.594
09-Oct
9.594
9.594
9.594
16.00
32.0%

Q2
-

9.683
08-Jun
9.683
9.683
9.683
7.00
14.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

PANS03

Low

High

9.594

% of Total

30

0.09

15.00%

30

0.09

(Billion Rp)

9.594

9.683

Turnover
Ratio
(%)

TRADING VOLUME

TOTAL

Modified
Duration (Yrs)
End of Year
9.030

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
7

PANS03

Q2-2008

Q2-2008

Q4-2008

Outstanding

16
200

Outstanding
-

20

40

60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

80

100

-120

140

160

180

200

220

193

PIDL
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PINDO DELI PULP AND PAPER MILLS


:
:
:
:
:

ADDRESS
Plaza BII Menara II, 7th Floor
Jl. 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 is :
One of the worlds largest vertically integrated manufacturers of
paper, specialty paper, and tissue.
A major player in prime markets in Indonesia, the Middle East,
Europe, USA, Australia, Japan and other Asian countries.
Strategically located within the Asia-Pacific region.
Internationally recognized for the high quality of its products.
The company and its subsidiaries directly employ of approximately
10,400 people.
Committed to sustainability in all its operations.
PT Pindo Deli Pulp And Paper Mills was established in 1975 and now
has three mills, located at Kelurahan Adiarsa, Karawang (Pindo 1), Desa
Kuta Mekar, Karawang (Pindo 2) and Perawang (Pindo 3).
The Company owns 80% of PT. Lontar Papyrus Pulp & Paper Industry
(Lontar Papyrus), which has a pulp and tissue factory in Tebing Tinggi,
Jambi. Jointly these two companies represent one of the largest vertically
integrated producers of pulp and paper in the world.
The Company produces a wide range of tissue and paper products that
include: Photocopy Paper and Specialty papers such as Carbonless,
Cast Coated, Art Paper, Uncoated Woodfree. Well-known Company
brands include Bola Dunia, Golden Coin, Golden Star, Lucky Boss,
Mirage, Specta Colour, Buffalo Hide, Paseo, Nice, Livi and Jolly.

Million Rp except Par Value

Dec-2007

Dec-2008

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

136,020
971,994
2,464,406
4,199,179
17,132,191
2,587,917
25,827,520
6,646,272
14,169,491
20,815,764
712,434
8,000,000
2,131,785
4,264
500
-3,146,426
4,299,321

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

29.57
55.08
28.40
35.29
36.83
931.53
25.36
41.37
15.51
23.77
23.21
99.91
33.40

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

10,846,506 14,410,397
8,788,191 11,754,507
2,058,315 2,655,890
1,079,417 1,493,909
978,898 1,161,981
-492,943
-537,820
485,954
624,161
49,892
162,684
-9,504
-49,560
426,558
737,285

32.86
33.75
29.03
38.40
18.70
-9.10
28.44
226.07
-421.47
72.85

BALANCE SHEETS

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

4.84
1.65
3.93
9.03

Change %

4.49
2.28
5.12
8.06

-7.22
37.88
30.10
-10.65

AS OF JUNE 2009

No.

1.

2.

194

Code

PIDL02A

PIDL02B

Series Name

I Tahun 1997 Seri A

I Tahun 1997 Seri B

Outstanding
(Rp Million)

51,053

100,000

Listing
Date

25-Oct-04

25-Oct-04

Maturity
Date

01-Oct-14

01-Oct-17

Coupon
Payment
Date

Coupon
Structure

Issue
Term

10 Years

13 Years

Rating

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idD

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idD

INDONESIA BOND MARKET DIRECTORY 2009


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

7.50

15.0

6.00

12.0

4.50

9.0

3.00

6.0

1.50

3.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

11.537 11.739
25-Jan 02-Apr
11.537 11.739
11.537 11.739
11.537 11.739
WA1
6.10
0.29
Volume2
69.0%
3.3%
Turnover3
Modified Duration (Yrs): 7.405

Q4
-

Last
Date
High
Low

Q1

9.851
26-Nov
9.851
9.815
9.832
2.73
30.9%

Q2

9.556
11-Feb
9.556
9.556
9.556
4.73
53.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PIDL02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30.0

12.5

24.0

10.0

18.0

7.5

12.0

5.0

6.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

11.385 12.093 11.535


18-Mar 24-Jun 28-Jul
11.537 12.093 11.602
11.385 11.741 11.535
1
11.435
12.060 11.576
WA
18.30
13.60
29.20
Volume2
73.2% 54.4% 116.8%
Turnover3
Modified Duration (Yrs): 5.975

Q1

11.045
04-Dec
11.497
10.685
11.052
14.00
56.0%

Last
Date
High
Low

Q2

9.704
24-Feb
9.752
9.704
9.736
3.00
12.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Code

No.

Low

High

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

PIDL02A

9.815

11.739

9.832

0.03

25.80%

7.405

2.

PIDL02B

10.685

12.093

11.052

75

0.24

75.10%

5.975

84

0.26

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
6

PIDL02A

Q2-2008

Q4-2008

Outstanding

3
35

Outstanding

--

18

PIDL02B

Q3-2008

14

29

14
100

Outstanding
-

10

20

30

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

40

50

-60

70

80

90

100

110

195

PJAA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PEMBANGUNAN JAYA ANCOL TBK


:
:
:
:
:

ADDRESS
Cordova Tower Building 7th Fl.
Jl. Pasir Putih Raya 1 Blok E5, Ancol Timur, Jakarta Utara
Phone : (021) 645-4567, 645-3456
Fax : (021) 645-2986, 6471-0502

idA+
Restaurant, Hotel & Tourism
http://www.ancol.com
H. Falaah K. Djafar
Bank Permata Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Pembangunan Jaya Ancol Tbk is company having its line of business
in creating area resort and property management. Established in 1966,
Ancol was originally small part of huge project initiated by President
Soekarno. Soekarno appointed PT pembanguanna Jaya as the executive
board of Ancol Construction Project.
The companys share were listed at Jakarta Stock Exchange in 2004.
The listing was to identified as companys milestones as Ancol became
the first regionally owned company to be listed at stock exchange.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

271,669
233,215
8,714
546,248
369,884
23,901
1,277,133
206,424
256,194
462,618
694
1,440,000
400,000
1,600
500 & 250
377,102
813,821

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

13.45
-0.23
13.01
10.06
8.43
-19.63
4.24
-8.06
0.43
-3.36
7.16
20.13
8.56

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

763,086
408,143
354,944
173,981
180,962
20,028
200,990
59,773
-350
140,867

854,372
472,900
381,472
185,759
195,713
-3,875
191,839
59,548
-58
132,233

11.96
15.87
7.47
6.77
8.15
N/A
-4.55
-0.38
83.56
-6.13

0.57
11.03
18.46
23.71

0.51
9.93
15.48
22.91

-10.98
-9.95
-16.16
-3.40

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

AS OF JUNE 2009

No.

1.

2.

196

Code

PJAA01A

PJAA01B

Series Name

I Tahun 2007 Seri A

I Tahun 2007 Seri B

Outstanding
(Rp Million)

80,000

120,000

Listing
Date

28-Jun-07

28-Jun-07

Maturity
Date

27-Jun-10

27-Jun-12

Coupon
Payment
Date

Coupon
Structure

Issue
Term

3 Years

5 years

Rating

Fixed: 9.975%

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

idA+

Fixed: 10.40%

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

idA+

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
PJAA01A
Trading Volume
(Rp Billion)

15.0

12.5

12.0

10.0

9.0

7.5

6.0

5.0

3.0

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q2

Q1

Q1-Q2 2009

Q3

9.599
- 23-Jun
9.599
9.557
9.566
WA1
0.50
Volume2
2.5%
Turnover3
Modified Duration (Yrs): 6.212

Q4
-

Last
Date
High
Low

Q1

10.058
04-Dec
10.062
9.399
9.904
12.60
63.0%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q3

Q2

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

Last
Date
High
Low

Q1-Q2 2009
Q4
-

Q1

Q2

9.858
29-Jan
9.858
9.858
9.858
3.70
12.3%

9.863
09-Jun
9.863
9.858
9.860
7.70
25.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

Low

High

1.

PJAA01A

9.399

10.062

9.904

2.

PJAA01B

% of Total

Turnover
Ratio
(%)

13

0.04

16.38%

6.212

13

0.04

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
PJAA01A -

Q2-2008

Q3-2008

Q4-2008

Outstanding

13
80

Outstanding

--

PJAA01B 120

Outstanding
-

15

30

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

45

60

-75

90

105

120

135

150

197

PLJA
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PAM LYONNAISE JAYA


:
:
:
:
:

ADDRESS
Sentral Senayan I Office Tower 7th Floor
Jl. Asia Afrika No. 8 Senayan, Jakarta Pusat - 10270
Phone : (021) 572-4410
Fax : (021) 572-4418

idAWater utilities
http://www.palyja.co.id
Mohammad Zulfikar
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
Initially, the Company was established under 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.
The Company began its operating activity since Februari 1st 1998, based
on an agreement between corporation and PAM Jaya with 25 years long
term admitted by DKI Jakarta governor. 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-2007

Dec-2008

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

91,637
193,246
7,341
314,996
746,986
2,494
1,269,019
350,709
338,208
688,917
200,630
200,630
0.40
500,000
379,472
580,102

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

-34.86
0.30
74.26
-9.79
8.62
-13.41
6.14
-41.37
31.27
-5.71
N/A
30.89
20.21

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

833,271
398,328
434,943
190,680
244,263
-64,537
179,726
61,622
118,104

920,001
500,329
419,672
157,712
261,961
-58,748
203,213
66,393
136,820

10.41
25.61
-3.51
-17.29
7.25
8.97
13.07
7.74
N/A
15.85

1.19
9.31
14.17
29.31

0.93
10.16
14.87
28.47

-21.56
9.15
4.93
-2.86

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

2.

198

Code

PLJA01C

PLJA01D

Series Name

I Tahun 2005 Seri C

I Tahun 2005 Seri D

Outstanding
(Rp Million)

200,000

100,000

Listing
Date

12-Jul-05

12-Jul-05

Maturity
Date

12-Jul-10

12-Jul-12

Coupon
Payment
Date

Coupon
Structure

Issue
Term

5 Years

7 Years

Rating

Fixed: 13.375%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

idA-

Fixed: 13.875%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

idA-

INDONESIA BOND MARKET DIRECTORY 2009


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

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

10.398 10.393 10.421


27-Mar 25-Jun 12-Sep
10.399 10.426 10.453
10.076 10.293 10.334
10.368 10.343 10.403
WA1
22.00
45.00
56.00
Volume2
44.0% 90.0% 112.0%
Turnover3
Modified Duration (Yrs): 3.609

Q1

Q2

10.955 10.817
30-Dec 24-Mar
10.955 10.939
10.355 10.061
10.585 10.811
65.00
34.20
68.4% 130.0%

Last
Date
High
Low

10.411
13-Apr
10.411
10.411
10.411
2.00
4.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PLJA01D
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

25.0

12.5

20.0

10.0

15.0

7.5

10.0

5.0

5.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

10.089 10.780
28-Jan 19-Jun
10.091 10.920
10.089 10.780
1
10.090
10.908
WA
2.00
3.30
Volume2
8.0% 13.2%
Turnover3
Modified Duration (Yrs): 7.574
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

10.628
17-Sep
10.806
10.400
10.621
21.50
86.0%

10.949
20-Nov
10.949
10.949
10.949
1.20
4.8%

Q1

Q2
-

10.994
07-May
10.994
10.994
10.994
0.50
2.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.
2.

TRADING VOLUME

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

Low

High

PLJA01C

10.076

10.955

10.585

157

0.49

78.60%

3.609

PLJA01D

10.089

10.949

10.949

28

0.09

28.00%

7.574

185

0.58

(Billion Rp)

TOTAL

% of Total

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
PLJA01C

Q2-2008

45

22

Q3-2008

Q4-2008

56

Outstanding

Outstanding

34
200

PLJA01D 2 3

22

Outstanding

100
-

20

40

-60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

--

S T O C K

E X C H A N G E

80

100

120

140

160

180

200

220

199

PNBN BANK PAN INDONESIA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

idA
Bank
http://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 Life 45%, Votraint No 1103
PTY Ltd. (ANZ Bank) 38% and Public 17%.
As of December 2008, total assets of the Bank was Rp 64.4 Trillion, reaffirming the Banks ranking as one of the largest national Banks. Total
networth reaching Rp 8.6 Trillion, Capital Adequacy Ratio of 20.3%.
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 2008 it has 365 offices 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 Jl. Jend Sudirman (Senayan)
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
Paid up Capital
Paid up Capital (Shares)
Par Value
Retained Earnings
Total Equity

Dec-2007
484,707
3,056,020
11,348,813
28,290,884
100,287
1,564,421
1,771,218
53,470,645
33,604,381
307,156
2,141,497
1,349,847
45,150,760
819,738
5,900,000
2,021,119
20,211
100
2,470,767
7,500,147

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

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

4,349,268
2,093,513
600,333
1,323,793
1,358,399
-49,187
1,309,212
354,307
-102,653
852,252

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

38.22
64.89
-2.37
18.51
-17.43
N/A
-11.90
0.30
5.85
-17.70

6.02
1.59
19.60
31.23

7.02
1.09
11.67
18.66

16.53
-31.66
-40.46
-40.26

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

200

Million Rp except Par Value

Change %
91.48
73.22
14.10
24.71
944.95
6.86
-32.41
20.42
40.99
-69.13
49.04
-46.00
23.29
-3.39
0.61
0.61
55.71
5.80

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

Series Name

PNBN02A

1.

2.

4.

50,000

II Tahun 2007 Seri A

PNBN02B

3.

Outstanding
(Rp Million)

1,400,000

II Tahun 2007 Seri B

PNBN02C

II Tahun 2007 Seri C

PNBN03

Subordinasi II Tahun
2008

200,000

1,500,000

Listing
Date

20-Jun-07

20-Jun-07

20-Jun-07

10-Apr-08

Maturity
Date

19-Jun-10

19-Jun-12

Issue
Term

3 Years

5 Years

19-Jun-14

7 Years

09-Apr-18

5 Tahun
pertama

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 9.75%

19-Mar-08
19-Jun-08 idA & AA19-Sep-08
(idn)
19-Dec-08

Fixed: 10.75%

19-Mar-08
19-Jun-08 idA & AA19-Sep-08
(idn)
19-Dec-08

Fixed: 11.00%

19-Mar-08
19-Jun-08 idA & AA19-Sep-08
(idn)
19-Dec-08

Fixed: 11.60%

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

A+(idn)

TRADING HIGHLIGHT
PNBN02A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

35.0

12.5

28.0

10.0

21.0

7.5

14.0

5.0

7.0

2.5

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

9.638
03-Mar
9.638
9.638
1
9.638
WA
2.00
Volume2
16.0%
Turnover3
Modified Duration (Yrs): 3.584
Last
Date
High
Low

Q4

Q3
-

10.631
09-Dec
10.656
10.184
10.592
7.50
60.0%

Q1

Q2

11.807
8.636
13-Mar 26-Jun
11.807 13.464
8.636
11.807
11.807
9.825
4.50
33.20
36.0% 265.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PNBN02B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

750

12.5

600

10.0

450

7.5

300

5.0

150

2.5

Executed
Yield (%)

Q1

Q2

9.290
9.951
28-Mar 19-Jun
9.368
9.951
9.228
9.388
9.296
9.845
WA1
654.00 222.00
Volume2
186.9% 63.4%
Turnover3
Modified Duration (Yrs): 9.490
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q3

Q4

9.789
04-Sep
10.172
9.356
9.475
143.60
41.0%

10.767
26-Dec
11.750
9.326
9.619
161.80
46.2%

Q1

Q2

10.184
9.865
16-Mar 29-Jun
10.909 10.368
9.360
9.379
10.494
9.575
348.00 586.00
99.4% 167.4%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

201

PNBN02C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.349
9.356
30-Jan 23-Jun
9.349 10.890
9.349
9.356
1
9.349
9.823
WA
2
3.00
36.00
Volume
6.0% 72.0%
Turnover3
Modified Duration (Yrs): 9.422
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.518
12-Sep
9.518
9.354
9.430
13.00
26.0%

9.372
30-Dec
9.372
9.372
9.372
1.00
2.0%

Q1

Q2

11.835
9.557
23-Mar 29-Jun
11.835 10.325
11.508
9.557
11.737
9.611
17.00
99.50
34.0% 199.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PNBN03
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

1000

12.5

800

10.0

600

7.5

400

5.0

200

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

N/A
9.806
N/A 26-Jun
N/A
9.806
N/A
9.755
N/A
9.793
WA1
N/A 433.09
Volume2
N/A 115.5%
Turnover3
Modified Duration (Yrs): 4.277
Last
Date
High
Low

Q4
-

Q1

Q2

10.596 11.630 10.581


26-Dec 11-Feb 16-Jun
11.244 12.420 10.953
9.921
9.913
9.785
10.084
9.946
9.795
81.50 659.75 771.60
21.7% 175.9% 205.8%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

PNBN02A

Low
9.638

High
10.656

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

0.03

19.00%

TRADING VOLUME
(Billion Rp)

10.592

10

Modified
Duration (Yrs)
End of Year
3.584

2.

PNBN02B

9.228

11.750

9.619

1,181

3.70

84.39%

9.490

3.

PNBN02C

9.349

10.890

9.372

53

0.17

26.50%

9.422

4.

PNBN03

9.755

11.244

10.084

515

1.61

34.31%

4.277

1,758

5.51

TOTAL

202

INDONESIA BOND MARKET DIRECTORY 2009


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 - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

PNBN02A
50--

Outstanding

654

PNBN02B

222

144

162
--

1,400

Outstanding

PNBN02C
--

200

Outstanding

PNBN03 -

433

82
--

1,500

Outstanding
-

150

300

450

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

600

750

900

1,050

1,200

1,350

1,500

1,650

203

PPGD PERUM PEGADAIAN


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jl. Kramat Raya No.162
Jakarta - 10430
Phone : (021) 315-5550
Fax : (021) 391-4221

idAA
Financial Institution
http://www.pegadaian.co.id
Eddy Suprijoso
Bank Negara Indonesia (Persero) Tbk
FINANCIAL HIGHLIGHT

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.

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-2007

Dec-2008

187,429
2,143

212,811
3,734

13.54
74.27

9,494,277

N/A

25,097
39,427
373,078
387,186
24,975
46,693
7,372,065 10,772,086
- 6,205,668
82,489
107,892
5,880,261 8,828,087
205,000
205,000

57.10
3.78
86.96
46.12
N/A
30.80
50.13
N/A
-

46,252

46,252

Retained Earnings
Total Equity

1,240,552
1,491,804

1,692,748
1,944,000

36.45
30.31

INCOME STATEMENTS
Total Revenues
Expenses
Other Income
Income Before Tax

2,253,453
1,578,486
21,793
696,760

2,930,594
2,045,977
16,624
901,241

30.05
29.62
-23.72
29.35

208,029
488,731

272,868
628,374

31.17
28.57

3.94
6.63
21.69
30.92

4.54
5.83
21.44
30.75

15.21
-12.01
-1.14
-0.54

Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

2.

204

Code

PPGD09AXBFTW

PPGD09BXBFTW

Series Name

IX Tahun 2002 Seri A

IX Tahun 2002 Seri B

Outstanding
(Rp Million)

211,000

21,750

Listing
Date

11-Jun-02

11-Jun-02

Maturity
Date

06-Jun-10

06-Jun-10

Issue
Term

8 Years

8 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 18.25%

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

idAA

Fixed: 18.25%

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

idAA

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

No.

Code

3.

Outstanding
(Rp Million)

Series Name

PPGD09CXBVTW

IX Tahun 2002 Seri C

2,000

Listing
Date

11-Jun-02

Maturity
Date

06-Jun-10

Issue
Term

8 Years

Coupon
Payment
Date

Coupon
Structure

Rating

06-Mar-08
Year 1: 18.25%; Year 206-Jun-08
8: ATD 3 Months + 2.50%
06-Sep-08
(min.16.50%, max. 20%)
06-Dec-08

idAA

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

idAA

4.

PPGD09DXBVTW

IX Tahun 2002 Seri D

43,500

11-Jun-02

06-Jun-10

8 Years

Year 1-5: Fixed: 18.25%;


Year 6-8: ATD 3 Months +
2.50% (min.16.50%, max.
20%)

5.

PPGD10AXBFTW

X Tahun 2003 Seri A

336,500

15-Jul-03

11-Jul-11

8 Years

Fixed: 12.9375 %

11-Jan-08
11-Apr-08
11-Jul-08
11-Oct-08

idAA

15 Years

Year 1-3: Fixed:


13.125%; Year 4-15: SBI
3 Months + 1.00% (max.
15.5%, min. 10.5%)

11-Jan-08
11-Apr-08
11-Jul-08
11-Oct-08

idAA

10 Years

Fixed: 13.10%

23-Feb-08
23-May-08
23-Aug-08
23-Nov-08

idAA

10 Years

Year 1: 13.1%; Year 2:


SBI 1 Month + 1.25%
(max.16.00%, min.
10.00%)

23-Feb-08
23-May-08
23-Aug-08
23-Nov-08

idAA

10 Years

Fixed: 10.025%

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

idAA

10 Years

Year I: 10.025%; Year IIX: SBI+1%, max. 12%,


min. 8%

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

idAA

6.

PPGD10BXBVTW

7.

PPGD11A

8.

PPGD11B

9.

PPGD12A

10.

PPGD12B

X Tahun 2003 Seri B

15-Jul-03

63,500

XI Tahun 2006 Seri A

400,000

XI Tahun 2006 Seri B

100,000

XII Tahun 2007 Seri A

XII Tahun 2007 Seri B

370,000

230,000

24-May-06

24-May-06

05-Sep-07

05-Sep-07

11-Jul-18

23-May-16

23-May-16

04-Sep-17

04-Sep-17

TRADING HIGHLIGHT
PPGD09AXBFTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

11.750
26-Mar
11.872
11.750
1
11.853
WA
2
7.00
Volume
13.3%
Turnover3
Modified Duration (Yrs): 3.063
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4
-

11.732
21-Nov
11.732
11.619
11.691
6.00
11.4%

Q1

Q2
-

11.874
23-Jun
11.874
11.474
11.550
3.50
6.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

205

PPGD09BXBFTW
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

5.00

12.5

4.00

10.0

3.00

7.5

2.00

5.0

1.00

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

1
WA
2
Volume
Turnover3
Modified Duration (Yrs): 5.815
Last
Date
High
Low

Q1-Q2 2009

Q3
-

Q4
-

Q1

11.784
09-Dec
11.784
11.784
11.784
4.00
122.6%

Q2
-

11.874
23-Jun
11.874
11.823
11.849
4.15
127.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPGD09CXBVTW
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

6.00

12.5

4.80

10.0

3.60

7.5

2.40

5.0

1.20

2.5

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

- 11.210
- 19-May
- 11.238
- 11.210
- 11.223
WA1
5.00
Volume2
- 1000.0%
Turnover3
Modified Duration (Yrs): 6.786

Q4
-

Last
Date
High
Low

Q1

Q2
-

11.236
15-Dec
11.236
11.236
11.236
2.00
400.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPGD09DXBVTW
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

5.00

12.5

4.00

10.0

3.00

7.5

2.00

5.0

1.00

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

10.809 10.711
01-Feb 21-May
10.809 10.791
10.809 10.711
1
10.809 10.756
WA
0.50
4.50
Volume2
4.6% 41.4%
Turnover3
Modified Duration (Yrs): 5.333
Last
Date
High
Low

Q4
-

10.119
07-Nov
10.127
10.119
10.123
4.00
36.8%

Q1

Q2
-

7.529
26-Jun
7.529
7.529
7.529
0.50
4.6%

Q1-08

206

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

PPGD10AXBFTW
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

9.963 10.148
28-Feb 20-Jun
9.963 10.384
9.820
9.635
1
9.843
9.939
WA
2
45.00
73.80
Volume
53.5% 87.7%
Turnover3
Modified Duration (Yrs): 7.635
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.709
17-Sep
10.329
9.708
10.085
61.80
73.5%

10.320
26-Nov
10.470
10.320
10.395
38.20
45.4%

Q1
10.283
23-Mar
10.470
10.283
10.330
43.75
52.0%

Q2
9.957
22-Jun
10.439
9.957
10.156
63.23
75.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPGD10BXBVTW
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

8.834
- 15-May
8.834
8.787
8.820
WA1
7.00
Volume2
44.1%
Turnover3
Modified Duration (Yrs): 8.792
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

10.253
19-Sep
10.253
10.253
10.253
0.80
5.0%

8.714
25-Nov
8.719
8.518
8.564
6.50
40.9%

Q1

Q2

8.499
13-Feb
9.824
8.499
8.662
5.80
36.5%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPGD11A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

70.0

10.0

56.0

8.0

42.0

6.0

28.0

4.0

14.0

2.0

Executed
Yield (%)

Q1

Q2

8.503
9.030
28-Mar 03-Jun
8.551
9.089
8.353
8.466
1
8.404
9.028
WA
44.50
61.00
Volume2
44.5% 61.0%
Turnover3
Modified Duration (Yrs): 8.628
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q3

Q4

8.385
25-Sep
9.144
8.385
8.924
22.00
22.0%

9.337
19-Dec
9.395
8.649
9.108
2.90
2.9%

Q1
9.061
02-Mar
9.452
9.061
9.095
1.10
1.1%

Q2
9.089
23-Jun
9.089
8.743
8.921
6.00
6.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

207

PPGD11B
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

1
WA
2
Volume
Turnover3
Modified Duration (Yrs): 8.052

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4
-

9.156
24-Dec
9.156
9.156
9.156
10.00
40.0%

Q1

Q2

8.776
06-Mar
8.809
8.776
8.793
4.00
16.0%

8.670
21-Apr
8.670
8.670
8.670
3.00
12.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PPGD12A
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

35.0

12.5

28.0

10.0

21.0

7.5

14.0

5.0

7.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

7.912
8.100
28-Mar 26-Jun
7.948
8.100
7.912
7.843
7.935
7.961
WA1
28.00
8.00
Volume2
30.3%
8.6%
Turnover3
Modified Duration (Yrs): 10.210
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

8.342
11-Sep
8.342
7.984
7.997
26.00
28.1%

7.946
11-Dec
9.646
7.946
8.315
8.00
8.6%

Q1

Q2

7.861
13-Mar
9.032
7.861
8.708
31.00
33.5%

8.605
29-Jun
9.012
8.011
8.555
25.00
27.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PPGD12B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

2.5

10.0

2.0

8.0

1.5

6.0

1.0

4.0

0.5

2.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

1
WA
Volume2
Turnover3
Modified Duration (Yrs): 9.088

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4
-

6.881
31-Oct
6.881
6.881
6.881
2.00
3.5%

Q1

Q2
-

6.908
03-Apr
6.908
6.908
6.908
2.00
3.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008

No.

Code

Low

High

% of Total

Turnover
Ratio
(%)

1.

PPGD09AXBFTW

11.619

11.872

11.691

13

0.04

6.16%

Executed Yield (%)

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
3.063

2.

PPGD09BXBFTW

11.784

11.784

11.784

0.01

30.65%

5.815

3.

PPGD09CXBVTW

11.210

11.238

11.236

0.02

350.00%

6.786

4.

PPGD09DXBVTW

10.119

10.809

10.123

0.03

20.69%

5.333

5.

PPGD10AXBFTW

9.635

10.470

10.395

219

0.69

65.02%

7.635

6.

PPGD10BXBVTW

8.518

10.253

8.564

14

0.04

22.52%

8.792

208

INDONESIA BOND MARKET DIRECTORY 2009


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 (%)

Executed Yield (%)


Low

High

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

No.

Code

7.

PPGD11A

8.353

9.395

9.108

130

0.41

32.60%

8.628

8.

PPGD11B

9.156

9.156

9.156

10

0.03

10.00%

8.052

9.

PPGD12A

7.843

9.646

8.315

70

0.22

18.92%

10.210

10.

PPGD12B

6.881

6.881

6.881

0.01

0.87%

9.088

479

1.50

TOTAL

% of Total

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

PPGD09AXBFTW 7- 6
--

211

Outstanding

PPGD09BXBFTW
13--

Outstanding

PPGD09CXBVTW
Outstanding --

PPGD09DXBVTW
--

Outstanding

62

74

45

PPGD10AXBFTW

38
--

337

Outstanding

PPGD10BXBVTW - 717
--

64

Outstanding

61

45

PPGD11A

22
--

400

Outstanding

PPGD11B - 10
--

100

Outstanding

26

28

PPGD12A

--

370

Outstanding

PPGD12B -

40

80

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

--

230

Outstanding

S T O C K

E X C H A N G E

120

160

200

240

280

320

360

400

440

209

PPLN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERUSAHAAN LISTRIK NEGARA (PERSERO)


:
:
:
:
:

Aa2.id
Energy
http://www.pln.co.id
Supriyanto
Bank Niaga Tbk

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.
As the Authority Holder of Electricity Business (PUKK) pursuant to article
7 section 1 and 2 of the Law number 15 of 1985, PLN has the obligation
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 39 units which are 16 PLN Regions, 5 PLN Distributions,
5 PLN Power Plant and Network Projects, 5 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 2008 was 44,493 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 2008 is 25,594 MW which produces electricity of 149,436.50
GWh.
The electricity sales in 2008 is 129,018.81 Gwh which is consumed by
5 composition of electricity sales of household, business, industry and
general. The number of PLNs customers in 2008 is 38,844,086 consist
of 36,025,071 household, 1,716,046 business, 47,536 industry and
1,055,433 general.

210

ADDRESS
Jl. Trunojoyo Blok M 1/135, Kebayoran Baru
Jakarta - 12160
Phone : (021) 725-0550, 725-1234
Fax : (021) 722-1330, 722-7072
FINANCIAL HIGHLIGHT

Million Rp except Par Value

Dec-2007

Dec-2008

16,290,782
12,163,683
6,774,205
43,212,986
198,901,833
1,257,244
273,479,935
40,276,254
96,790,941
137,067,195
63,000,000
46,107,154
46
1,000,000
-75,338,584
136,412,740

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

-60.79
-85.96
34.20
-28.09
-0.95
13.95
6.30
0.94
27.16
19.45
N/A
N/A
-6.91

INCOME STATEMENTS
Total Revenues
114,042,687 164,208,510
Expenses
111,505,955
Gross Profit
2,536,732
Operating Expenses
111,505,955 160,597,751
Operating Profit
2,536,732 3,610,759
Other Income (Expenses) -5,634,798 -15,801,927
Income before Tax
-3,098,066 -12,191,168
Tax
2,547,041
112,548
Minority Interests
Net Income
-5,645,107 -12,303,716

43.99
-100.00
-100.00
44.03
42.34
-180.43
-293.51
-95.58
N/A
-117.95

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

28.32
-105.03
-51.37
-1.15

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

1.00
-2.06
-4.95
2.22

1.29
-4.23
-7.49
2.20

Change %

INDONESIA BOND MARKET DIRECTORY 2009


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.

1.

Series Name

Code

VII Tahun 2004

PPLN07

Outstanding
(Rp Million)

1,500,000

Listing
Date

12-Nov-04

Maturity
Date

11-Nov-14

2.

PPLN08A

VIII Tahun 2006 Seri A

1,335,100

22-Jun-06

21-Jun-16

3.

PPLN08B

VIII Tahun 2006 Seri B

865,000

22-Jun-06

21-Jun-21

PPLN08C

Syariah Ijarah I Tahun


2006

4.

5.

6.

PPLN09A

IX Tahun 2007 Seri A

200,000

1,500,000

11-Jul-07

10-Jul-17

Aa2.id

Fixed: 13.60%

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

idA+

15 Years

Fixed: 13.75%

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

idA+

10 Years

Ijarah Fee
Rp6,800,000,000
quarterly

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

idA+sy

Fixed: 10.40%

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

Aa2.id

15 Years

Fixed: 10.90%

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

Aa2.id

10 Years

Ijarah Fee
Rp31,200,000,000 p.a

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

Aa2.id

Fixed: 14,75% p.a.

09-Apr-09
09-Jul-09
09-Oct-09
09-Jan-10

idAA-

7 Years

Fixed: 15% p.a.

09-Apr-09
09-Jul-09
09-Oct-09
09-Jan-10

idAA-

09-Apr-09
09-Jul-09
idAA-(sy)
09-Oct-09
09-Jan-10
09-Apr-09
09-Jul-09
idAA-(sy)
09-Oct-09
09-Jan-10

10 Years

10 Years

SIKPPLN01

PPLN10A

Obligasi X Tahun 2009


Seri A

PPLN10B

Obligasi X Tahun 2009


Seri B

10.

SIKPPLN02A

Sukuk Ijarah III Tahun


2009 Seri A

293,000

12-Jan-09

09-Jan-14

5 Years

Fee Ijarah Rp 147.5


Million per Rp 1 Billion
per year

11.

SIKPPLN02B

Sukuk Ijarah III Tahun


2009 Seri B

467,000

12-Jan-09

09-Jan-16

7 Years

Fee Ijarah Rp 150 Million


per Rp 1 Billion per year

8.

9.

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

1,015,000

425,000

12-Jan-09

12-Jan-09

10-Jul-17

09-Jan-14

09-Jan-16

Rating

Fixed: 12.25%

10 Years

Sukuk Ijarah PLN II


Tahun 2007

11-Jul-07

10-Jul-22

Coupon
Payment
Date
11-Feb-08
11-May-08
11-Aug-08
11-Nov-08

IX Tahun 2007 Seri B

300,000

11-Jul-07

21-Jun-16

Coupon
Structure

PPLN09B

7.

1,200,000

22-Jun-06

Issue
Term

5 Years

211

TRADING HIGHLIGHT
PPLN07
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 (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

8.122
8.457
26-Mar 24-Jun
8.465
8.667
8.104
8.316
1
8.252
8.540
WA
79.00 105.70
Volume2
21.1% 28.2%
Turnover3
Modified Duration (Yrs): 8.908
Last
Date
High
Low

Q3

Q4

8.105
17-Sep
8.563
8.104
8.427
96.00
25.6%

8.562
05-Dec
9.458
8.375
8.628
44.20
11.8%

Q1

Q2

8.508
05-Mar
8.710
8.409
8.514
65.00
17.3%

8.476
25-Jun
8.619
8.381
8.533
90.00
24.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

10.666 10.840
12-Feb 24-Jun
10.686 11.543
9.882
9.805
10.048 11.048
WA1
242.60 154.50
Volume2
72.7% 46.3%
Turnover3
Modified Duration (Yrs): 3.371
Last
Date
High
Low

Q3

Q4

10.904
01-Sep
11.631
10.603
11.099
141.70
42.5%

12.068
12-Dec
14.853
10.072
12.076
115.90
34.7%

Q1

Q2

11.018
04-Mar
13.010
10.788
11.204
22.80
6.8%

11.631
23-Jun
11.969
11.180
11.417
40.60
12.2%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPLN08B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

50.0

15.0

40.0

12.0

30.0

9.0

20.0

6.0

10.0

3.0

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

- 11.678
- 12-May
- 11.739
- 11.521
1
- 11.674
WA
47.00
Volume2
21.7%
Turnover3
Modified Duration (Yrs): 2.529
Last
Date
High
Low

Q4
-

13.726
15-Dec
13.726
12.833
12.938
11.00
5.1%

Q1

Q2
-

Q1-08

212

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

PPLN08C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

30.0

12.5

24.0

10.0

18.0

7.5

12.0

5.0

6.0

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

9.679
9.818
19-Mar 25-Jun
10.362 10.722
9.679
9.818
1
9.935
10.306
WA
12.80
25.60
Volume2
25.6% 51.2%
Turnover3
Modified Duration (Yrs): 9.089

Last
Date
High
Low

Q4

Q1

10.788
08-Oct
10.788
10.788
10.788
9.50
19.0%

12.143 11.631
22-Jan 28-May
12.143 11.631
10.629 11.009
10.700 11.191
9.50
13.20
19.0% 26.4%

Q2

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

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

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

8.932
8.832
25-Mar 26-Jun
8.975
8.884
8.845
8.832
8.938
8.834
WA1
98.00
42.50
Volume2
26.1% 11.3%
Turnover3
Modified Duration (Yrs): 7.064
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

8.832
17-Sep
10.099
8.832
9.053
89.00
23.7%

8.932
10-Dec
11.505
8.932
9.173
51.00
13.6%

Q1

Q2

8.932
18-Mar
11.282
8.932
9.377
88.00
23.5%

9.281
26-Jun
9.680
8.674
8.899
59.00
15.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPLN09B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

9.174
20-Feb
9.306
9.124
1
9.217
WA
120.00
Volume2
40.0%
Turnover3
Modified Duration (Yrs): 6.685
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.285
03-Sep
9.285
9.283
9.284
6.00
2.0%

9.270
12-Dec
9.270
9.270
9.270
3.00
1.0%

Q2

Q1
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

213

SIKPPLN01
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

10.0

12.5

8.0

10.0

6.0

7.5

4.0

5.0

2.0

2.5

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

8.915
8.936
24-Jan 17-Jun
8.986
8.951
8.915
8.884
1
8.946
8.924
WA
2
6.50
6.00
Volume
8.7%
8.0%
Turnover3
Modified Duration (Yrs): 6.918
Last
Date
High
Low

Q3

Q4

9.170
11-Sep
9.170
9.170
9.170
2.00
2.7%

11.068
10-Dec
11.068
11.068
11.068
2.00
2.7%

Q1

Q2

9.596
9.592
30-Mar 26-May
9.926
9.632
9.512
9.492
9.761
9.564
7.70
8.00
10.3% 10.7%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPLN10A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

200

15.0

160

12.0

120

9.0

80

6.0

40

3.0

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

11.275 11.082
13-Mar 29-May
11.887 11.514
11.275 11.082
11.528 11.410
35.00 191.00
13.8% 75.3%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

PPLN10B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

5.0

15.0

4.0

12.0

3.0

9.0

2.0

6.0

1.0

3.0

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1
12.664
18-Feb
12.664
11.534
11.713
4.50
4.2%

Q2
-

Q1-08

214

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

SIKPPLN02A
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

YEAR 2008

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): N/A
Last
Date
High
Low

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

Q1-Q2 2009

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

11.887 11.676
25-Feb 28-May
11.887 11.676
11.887 11.676
11.887 11.676
20.00
40.00
27.3% 54.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

SIKPPLN02B
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

YEAR 2008

Executed
Yield (%)

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

Q1-Q2 2009

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
-

11.814
28-May
11.814
11.814
11.814
20.00
17.1%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

PPLN07

Low
8.104

High
9.458

Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

1.02

21.66%

TRADING VOLUME
(Billion Rp)

8.628

325

Modified
Duration (Yrs)
End of Year
8.908

2.

PPLN08A

9.805

14.853

12.076

655

2.05

49.04%

3.371

3.

PPLN08B

11.521

13.726

12.938

58

0.18

6.71%

2.529

4.

PPLN08C

9.679

10.788

10.788

48

0.15

23.95%

9.089

5.

PPLN09A

8.832

11.505

9.173

281

0.88

18.70%

7.064

6.

PPLN09B

9.124

9.306

9.270

129

0.40

10.75%

6.685

7.

SIKPPLN01

8.884

11.068

11.068

17

0.05

5.50%

6.918

1,512

4.74

TOTAL

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

215

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
79

PPLN07

106

Q2-2008

Q3-2008

Q4-2008

Outstanding

96
1,500

Outstanding

243

PPLN08A

155

142

116
1,335

Outstanding

47

PPLN08B

865

Outstanding

PPLN08C
Outstanding

200

PPLN09A

98

43

89

51

Outstanding

1,500

PPLN09B

120

Outstanding

1,200

SIKPPLN01
Outstanding

300
-

216

150

300

450

600

750

900

1,050

1,200

1,350

1,500

1,650

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

217

PTPN
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERKEBUNAN NUSANTARA III (PERSERO)


:
:
:
:
:

idAAPlantation
http://www.ptpn3.co.id
Ir. H. Aja Ibrafan, MM
Bank Niaga Tbk

PROFILE
PT Perkebunan Nusantara III (Persero) 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 2008, the Companys revenues were derived from crude palm oil
(CPO) around 77.69 %, rubber and derivative products 22.31 %. The
Companys plantations and production facilities are all located in North
Sumatera. At present, the Companys shareholding is fully controlled by
the Government of Indonesia.
Upstream products have limited added value and are vulnerable to
market price fluctuations. Furthermore, a growingly dynamic business
environment, mainly due to consumer/market demand and the challenges
of substitute products, needs to be responded if a company wishes to
keep a steady/continuing growth. As an answer to these circumstances,
PT Perkebunan Nusantara III has established the Sei Mangkei Integrated
Palm Oil Industrial Cluster (SM-IPOIC), an integrated industrial area for
downstream palm oil industries
Throught year 2008 the number of occasions and important achievements
are:
NAME OF AWARD
Karet Nusantara Award

ISSUANCE OF AWARD
State Owned Enterprise Minister of
Republic of Indonesia

Indonesia Quality Award

IQA Foundation

Humas Resource Excellence SWA, Human Resources Indonesia &


Award
LM FE-UI
Sawit Nusantara Award

State Owned Enterprise Minister of


Republic of Indonesia

Occupational Health and


Safety Management System
(SMK3) Golden Flag Award

Government of Indonesia

PTPN III innovations registration at the Directorate of Intelectual Property


Rights, Ministry of Justice and Human Right :
Gembok Key Industry Design (Reg. No. A00200802611)
Lilit Batang Measuring Tool Industry Design (Reg. No.
A00200802612)
World Class Company as The Future Orientation
One of PTPN-III future orientation is to develop sub-industries-to add
value in their production, also to increase and maximize the profit. Some
of which are still in development progress, and some others are already
actualized successfully.

ADDRESS
Jl. Sei Batanghari No. 2
Medan 20122, Kotak Pos 911, Sumatera Utara
Phone : (061) 845-3100, 845-2244
Fax : (061) 845-5177
FINANCIAL HIGHLIGHT

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

552,088
104,985
139,056
822,842
671,999
131,453
3,960,689
745,253
1,306,313
2,051,566
6,838
1,200,000
315,000
0.32
1,000,000
1,610,180
1,902,285

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

45.04
-34.59
120.05
46.22
24.84
-77.93
27.42
59.91
-33.98
22.55
-0.00
38.73
32.78

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

3,969,109
2,189,738
1,779,371
713,540
1,065,832
-66,464
999,367
314,200
0.17
701,948

4,680,623
2,519,433
2,161,190
960,099
1,201,091
11,110
1,223,243
378,525
0.04
844,718

17.93
15.06
21.46
34.55
12.69
N/A
22.40
20.47
-77.31
20.34

1.08
17.72
17.69
26.85

1.00
16.74
18.05
25.66

-7.71
-5.56
2.05
-4.44

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

With developing the business by applying Business Transformation


Programs, Corporate Social Responsibility (CSR) program and Good
Corporate Governance through a modern and good organization and
management, therefore PTPN-III could step up to their goal of company
privatization and firmly sets their milestone in the global era, prevailing
as a World Class Company.

218

INDONESIA BOND MARKET DIRECTORY 2009


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

Code

No.

Series Name

PTPN01AXBFTW

1.

3.

10,000

I Tahun 2003 Seri B

PTPN02B

4.

140,000

I Tahun 2003 Seri A

PTPN01BXBVTW

2.

Outstanding
(Rp Million)

II Tahun 2004 Seri B

PTPN02C

90,000

II Tahun 2004 Seri C

35,000

Listing
Date

06-Aug-03

06-Aug-03

14-Jul-04

14-Jul-04

Maturity
Date

05-Aug-10

05-Aug-10

13-Jul-09

13-Jul-11

7 Years

7 Years

5 Years

7 Years

Coupon
Payment
Date

Coupon
Structure

Issue
Term

Rating

05-Feb-08
05-May-08
05-Aug-08
05-Nov-08

idAA-

05-Feb-08
Year 1-2: 13.125%; Year
05-May-08
3-7: SBI 3 Months +
05-Aug-08
1.50%
05-Nov-08

idAA-

Fixed: 13.125%

13-Jan-08
13-Apr-08
13-Jul-08
13-Oct-08

idAA-

Fixed: 13.50%

13-Jan-08
13-Apr-08
13-Jul-08
13-Oct-08

idAA-

Fixed: 13.125%

TRADING HIGHLIGHT
PTPN01AXBFTW
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

Executed
Yield (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

8.696
8.854
28-Mar 23-Jun
8.870
8.957
8.242
8.666
1
8.649
8.825
WA
36.50
35.00
Volume2
104.3% 100.0%
Turnover3
Modified Duration (Yrs): 8.551
Last
Date
High
Low

Q3
8.944
22-Sep
9.001
8.693
8.871
15.00
42.9%

Q4

Q1

Q2

8.703
9.404
17-Nov 31-Mar
9.404
9.015
8.707
8.703
8.843
8.785
11.10
39.44
31.7% 112.7%

8.797
29-Jun
8.850
8.677
8.743
29.62
84.6%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PTPN01BXBVTW
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

2.50

7.5

2.00

6.0

1.50

4.5

1.00

3.0

0.50

1.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

5.806
- 12-Jun
5.806
5.806
5.806
WA1
0.20
Volume2
8.0%
Turnover3
Modified Duration (Yrs): 12.655
Last
Date
High
Low

Q3

Q1-Q2 2009
Q1

Q4

6.546
12-Aug
6.556
6.546
6.551
2.00
80.0%

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

219

PTPN02B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

35.0

12.5

28.0

10.0

21.0

7.5

14.0

5.0

7.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

10.157
9.829
27-Feb 30-May
10.298 10.150
9.952
9.829
1
10.048
10.094
WA
15.00
15.00
Volume2
66.7% 66.7%
Turnover3
Modified Duration (Yrs): 5.180
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

9.931
04-Sep
9.993
8.921
9.727
11.30
50.2%

3.204
9.890
10.060
18-Dec 20-Mar 25-Jun
10.060
9.890
3.373
9.940
9.456
3.204
9.957
9.565
3.244
14.00
28.46
31.60
62.2% 126.5% 140.4%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PTPN02C
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

9.784 10.444 10.075 10.467 10.277 10.202


14-Feb 16-Jun 17-Sep 03-Dec 11-Mar 22-Jun
10.021 10.444 10.253 10.467 10.361 10.202
9.784
9.632 10.073 10.467 10.277 10.155
9.796
9.934 10.140 10.467 10.279 10.169
WA1
18.80
35.60
30.60
19.00
19.00
26.45
Volume2
214.9% 406.9% 349.7% 217.1% 217.1% 302.3%
Turnover3
Modified Duration (Yrs): 7.023
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

PTPN01AXBFTW

Low
8.242

2.

PTPN01BXBVTW

3.

PTPN02B

4.

PTPN02C

% of Total

Turnover
Ratio
(%)

0.31

69.71%

8.551

0.01

22.00%

12.655

0.17

61.44%

5.180

297.14%

7.023

TRADING VOLUME
(Billion Rp)

9.404

8.843

5.806

6.556

6.551

8.921

10.298

9.957

55

9.632

10.467

10.467

104

0.33

259

0.81

TOTAL

220

High

Weighted Avg.
Executed
Yield (%)

98

Modified
Duration (Yrs)
End of Year

INDONESIA BOND MARKET DIRECTORY 2009


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 - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

37

PTPN01AXBFTW

Q3-2008

Q4-2008

35

Outstanding

15
--

140

Outstanding

PTPN01BXBVTW 10 --

Outstanding

PTPN02B

15

11

--

90

Outstanding

19

PTPN02C

36

15

30

INDONESIA BOND MARKET DIRECTORY 2009


S T O C K

31

19

--

35

Outstanding

I N D O N E S I A

14

E X C H A N G E

45

60

75

90

105

120

135

150

221

PTPV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERKEBUNAN NUSANTARA V (PERSERO)


:
:
:
:
:

ADDRESS
Jl. Rambutan No. 43
Pekanbaru Riau - 28294
Phone : (0761) 66565
Fax : (0761) 66558

idA
Plantation
H. Syamsul Rizal
Bank Permata Tbk
FINANCIAL HIGHLIGHT

PROFILE
PT Perkebunan Nusantara V (PTP5) was established on March 11, 1996,
located in Pekanbaru. The Company is a state owned company engaged
in palm oil and rubber plantation and processing. In 2002, the Companys
revenue reached IDR1.29 trillion, derived from crude palm oil (CPO)
around 94.57% and rubber (5.43%). The Companys plantations and
production facilities are all located in Riau. The Companys shareholding
is fully controlled by the Government of Indonesia.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

325,638
189,589
234,167
775,480
564,190
136,738
2,403,745
694,647
789,442
1,484,089
600,000
250,000
0.25
1,000,000
620,843
919,656

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

30.27
-63.89
11.87
13.15
-0.21
46.02
13.42
11.70
-7.50
1.49
N/A
48.39
32.67

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

2,413,293
1,670,181
743,112
311,502
431,610
-80,815
350,796
105,618
245,177

3,815,232
2,799,137
1,016,095
362,958
653,137
-65,408
587,728
177,252
410,477

58.09
67.59
36.74
16.52
51.33
19.06
67.54
67.82
N/A
67.42

1.61
10.20
10.16
17.88

1.23
15.06
10.76
17.12

-23.50
47.61
5.90
-4.28

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

AS OF JUNE 2009

No.

1.

2.

222

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-Feb-08
12-May-08
12-Aug-08
12-Nov-08

idA

12-Feb-08
Year 1-2: 12.875%; Year
12-May-08
3-7: SBI 3 Months + 2%
12-Aug-08
(max. 17%, min. 8%)
12-Nov-08

idA

Fixed: 12.875%

7 Years

Rating

INDONESIA BOND MARKET DIRECTORY 2009


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

YEAR 2008

Executed
Yield (%)

Q1

Q2

8.733
8.728
14-Mar 12-Jun
8.730
8.821
8.545
8.686
8.643
8.761
WA1
29.00
71.50
Volume2
39.5% 97.3%
Turnover3
Modified Duration (Yrs): 7.788
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.767
17-Sep
8.767
8.699
8.707
16.00
21.8%

8.743
23-Dec
8.926
8.704
8.779
34.20
46.5%

8.734
25-Mar
8.818
8.734
8.750
20.50
27.9%

8.736
22-Apr
8.815
8.736
8.746
14.62
19.9%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

PTPV01BXBVTW
No Transaction in the Year of 2007 and Q1-Q2 2008

TRADING STATISTICS 2008


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

8.545

8.926

8.779

151

0.47

51.26%

7.788

2.

PTPV01BXBVTW

151

0.47

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
29

PTPV01AXBFTW

Q2-2008
72

Q3-2008
16

Q4-2008

Outstanding

34
--

294

Outstanding

PTPV01BXBVTW 6--

Outstanding
-

30

60

INDONESIA BOND MARKET DIRECTORY 2009


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

223

PVII
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PERKEBUNAN NUSANTARA VII (PERSERO)


:
:
:
:
:

idA
Plantation
http://www.ptpn7.co.id
Edi Santoso
Bank Niaga Tbk

PROFILE
PT Perkebunan Nusantara VII is consolidation from PTP X (Persero),
PTP XXI (Persero), Kebun Pengembangan Proyek ex PTP XI
(Persero)located in South Sumatera and ex PTP XXIII (Persero) located
in Bengkulu.
This corporate main job includes plantation, processing and marketing
its product.
This corporation was established based on March 11th, 1996 in Jakarta
and was legalized by the ministry of judgement of Indonesia Republic
based on Act no. C2-8335.HT.01.01 Tahun 96 August 8th, 1996 and has
been listed in registry office of industrial and commercial Department
Bandar Lampung (TDP) No.070011101385.

ADDRESS
Jl. Teuku Umar 300
Bandar Lampung - 35141
Phone : (0721) 702233 - (021) 8290152
Fax : (0721) 702775 - 707353, (021) 921-6026
FINANCIAL HIGHLIGHT

BALANCE SHEETS

Dec-2007

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

403,927
49,767
481,920
950,513
388,492
43,821
2,409,310
731,089
680,939
1,412,028
1,000,000
365,000
0.37
1,000,000
613,191
997,282

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

0.81
14.74
67.82
41.20
43.15
20.08
31.03
48.05
29.17
38.95
N/A
32.24
19.82

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

2,698,341
2,079,119
619,222
242,958
376,264
-51,294
324,970
74,130
252,595

3,421,191
2,737,242
683,948
257,682
426,266
-38,100
388,678
127,838
260,840

26.79
31.65
10.45
6.06
13.29
25.72
19.60
72.45
N/A
3.26

1.42
10.48
9.36
13.94

1.64
8.26
7.62
12.46

15.96
-21.19
-18.55
-10.65

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

224

Million Rp except Par Value

Change %

INDONESIA BOND MARKET DIRECTORY 2009


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

1.

Outstanding
(Rp Million)

Series Name

PVII01B

10,000

Tahun 2004 Seri B

Maturity
Date

Listing
Date

26-Mar-11

29-Mar-04

Issue
Term

7 Years

Coupon
Payment
Date

Coupon
Structure

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

Fixed: 14.125%

Rating

idA

TRADING HIGHLIGHT
PVII01B
No Transaction in 2008 and Q1 - Q2 2009

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

PVII01B

High

Low

% of Total

Turnover
Ratio
(%)

0.00

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year
-

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

PVII01B 10

Outstanding
-

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

-6

10

11

225

PWON PAKUWON JATI TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Mandiri Tower 15th Fl., Jl. 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
Pakuwon Jati is one the leading property developers and owners
in Indonesia, based on gross floor area developed. The Company
is engaged in all facets of property development including land
acquisitions, design and project management, sales and commercial
leasing, marketing and operation of management of its retail, office and
residential developments.
The Company opened the Surabayas first shopping mall in 1986
(Tunjungan Plaza I) and has since pioneered in Indonesia the superblock
development concept integrated large scale mixed use developments
consisting of retails, office, hotel and high rise condominium properties. To
date Tunjungan City superblock caters four shopping malls (Tunjungan
Plaza I IV), Menara Mandiri (office tower), Sheraton Surabaya Hotel &
Tower and Kondominium Regensi.
Aside from the superblock development, the Company also develop
Pakuwon City, a master planned gated residential townshop offering full
facilities located in east Surabaya.
The Bond I amounting to Rp 150 billion issued by Pakuwon Jati in 1996
was utilized to finance the construction of Tunjungan Plaza IV.
As part of restructuring agreed in series of RUPO, the principal repayment
was agreed as follows:
Rp 40,050,000,000 using real estate inventory.
The remaining Rp 109,950,000,000 would be paid in 2005
(Rp 16,492,500,000), 2007 (Rp 21,990,000,000), 2009 (Rp
32,985,000,000) and 2011 (Rp 38,482,500,000).
While the interest free cash payment of interest in arrears (past due
interest) amounting to Rp 102,303,803,000 would be paid through
installment of 2% per annum depending on the cashflow position and the
remaining would be paid in the ninth year (2012) through refinancing.
The Company had fullfilled all principal and past due interest payments
on time. The outstanding balances as of December 31, 2008 were Rp
71,467,500,000 and Rp 110,140,922,000 for Bond I principal and past
due interest respectively. The latest Bond I rating from Fitch Ratings
Indonesia in March 2009 was B (idn).
In 2007 the Company expanded into Jakarta through the acquisition of
83.3% of newlys issued shares of PT Artisan Wahyu, the developer of
superblock Gandaria City in Jakarta.

Million Rp except Par Value

Dec-2007

Dec-2008

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

142,663
39,798
2,686
1,575,869
3,115,215
28,291
2,019,122
82,699.034
1,250,000
771,789
7,718
100
-468,010
1,013,394

266,275
43,813
3,477
1,445,501
3,562,501
46,172
2,472,258
86,318
1,250,000
1,003,325
10,033
100
600
1,003,925

86.65
10.09
29.46
N/A
-8.27
N/A
14.36
63.20
22.44
4
30.00
30.00
N/A
-0.93

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

444,377
210,763
233,614
44,282
189,332
-78,236
111,096
24,755
-2,672
83,670

453,812
226,557
227,255
65,065
162,189
-128,467
33,722
39,573
-3,619
-9,469

2.12
7.49
-2.72
46.93
-14.34
-64.20
-69.65
59.86
-35.45
N/A

1.99
2.69
18.83
42.61

2.46
-0.27
-2.09
35.74

23.60
N/A
N/A
-16.12

BALANCE SHEETS

Change %

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

AS OF JUNE 2009

No.

1.

226

Code

PWON-01XX-BF

Series Name

I Tahun 1996

Outstanding
(Rp Million)

71,468

Listing
Date

02-Jul-96

Maturity
Date

28-Jun-12

Coupon
Payment
Date

Issue
Term

Coupon
Structure

5 Years

SBI + 1.00%, max.


12.00%

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

Rating
BBB(idn)

INDONESIA BOND MARKET DIRECTORY 2009


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 2008 and Q1-Q2 2009

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

PWON-01XX-BF

Low

High
-

% of Total

Turnover
Ratio
(%)

0.00

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year
-

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

PWON-01XX-BF Outstanding
-

10

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

--

38

S T O C K

E X C H A N G E

15

20

25

30

35

40

45

50

227

RENT
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

CSM CORPORATAMA (QQ. INDORENT)


:
:
:
:
:

ADDRESS
Jl. Hayam Wuruk No. 6
Jakarta Pusat - 10120
Phone : (021) 385-5465, 345-6560
Fax : (021) 381-0062

Ba1.id
Transportation
http://www.indorent.co.id
Ms. Gina M / Ms. Yenlan
Bank Niaga Tbk
FINANCIAL HIGHLIGHT

PROFILE
PT CSM Corporatama was established as PT Central Sumahi Motor on
July 13, 1987. On Oktober 10, 2000. this corporate renamed as PT CSM
Corporatama. This corporation has mainfield on selling and car renting,
reparation, and merchandise. This corporate began its job in 1987.
As its main field, this corporate gives car renting services for short or
long term to the customer whether it is company or individual. This
corporate provide supporting services as well such as reparation and
old car selling.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

14,700
95,585
30,328
176,245
665,386
69,991
930,356
314,525
437,080
751,605
11,064
220,000
220,000
0.2
1,000,000
-52,387
167,687

18,220
91,905
18,385
155,298
648,703
112,736
928,088
507,904
224,436
247,585
8,763
1,000,000
220,000
0.2
1,000,000
-56,248
163,836

23.94
-3.85
-39.38
-11.89
-2.51
61.07
-0.24
61.48
-48.65
-67.06
-20.80
354.55
-7.37
-2.30

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

393,524
265,770
127,754
59,713
68,041
-70,431
-1,829
7,777
3,115
-6,491

361,566
242,096
119,471
48,661
70,809
-79,250
-8,384
2,222
2,301
-3,861

-8.12
-8.91
-6.48
-18.51
4.07
-12.52
-358.33
-71.42
-26.12
40.52

4.48
-0.70
-1.65
17.29

1.51
-0.42
-1.07
19.58

-66.28
40.37
35.26
13.27

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

AS OF JUNE 2009

No.

1.

2.

228

Code

Series Name

RENT01B

I Tahun 2004 Seri B

RENT01C

Syariah Ijarah I Tahun


2004

Outstanding
(Rp Million)

100,000

100,000

Listing
Date

12-Nov-04

12-Nov-04

Maturity
Date

11-Nov-08

11-Nov-08

Coupon
Payment
Date

Coupon
Structure

Issue
Term

4 Years

4 Years

Rating

Fixed: 13.25%

11-Feb-08
11-May-08
11-Aug-08
11-Nov-08

Ba1.id

Ijarah Fee
Rp13,250,000,000,-

11-Feb-08
11-May-08
11-Aug-08
11-Nov-08

Ba1.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
RENT01B
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

12.5

80

10.0

60

7.5

40

5.0

20

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

10.675 10.213 10.230 10.198


19-Mar 17-Jun 26-Sep 26-Dec
10.675 10.270 10.230 13.065
10.092 10.139 10.084 10.145
10.197 10.187 10.194 10.330
WA1
85.20
17.50
29.65
78.55
Volume2
420.7% 86.4% 146.4% 387.9%
Turnover3
Modified Duration (Yrs): 6.135
Last
Date
High
Low

Q1

Q2

10.083
19-Mar
12.822
9.824
10.585
6.53
32.2%

9.623
19-Jun
10.342
9.623
9.692
4.51
22.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

RENT01C
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

10.006 10.030 10.008 10.002


12-Mar 15-May 25-Aug 24-Dec
10.006 10.030 10.069 13.310
9.861
9.969
9.997
9.996
1
9.919
10.022
10.011
10.093
WA
10.00
2.60
48.50
27.87
Volume2
49.4% 12.8% 239.5% 137.6%
Turnover3
Modified Duration (Yrs): 6.414
Last
Date
High
Low

Q1

Q2

9.985
24-Mar
12.817
9.884
10.386
4.72
23.3%

9.420
22-Jun
9.498
9.387
9.474
6.85
33.8%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Code

No.

Low

High

Turnover
Ratio
(%)

TRADING VOLUME
(Billion Rp)

% of Total

Modified
Duration (Yrs)
End of Year

1.

RENT01B

10.084

13.065

10.330

211

0.66

260.37%

6.135

2.

RENT01C

9.861

13.310

10.093

89

0.28

109.83%

6.414

300

0.94

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
RENT01B

Q2-2008

85

Outstanding

18

10 3

49

Outstanding
20

40

S T O C K

30

79

-60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

Outstanding

28

81
-

Q4-2008

--

81

RENT01C

Q3-2008

E X C H A N G E

80

100

120

140

160

180

200

220

229

RICY
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

RICKY PUTRA GLOBALINDO TBK


:
:
:
:
:

ADDRESS
Jl. Sawah Lio II No. 29 - 37
Jakarta - 11250
Phone : (021) 634-2330, 632-7770 (24 Lines)
Fax : (021) 633-8642

Baa1.id
Textile, Garment
Tjiong Tek Siong
Bank Mandiri (Persero) Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Ricky Putra Globalindo Tbk produces man underwear and clothes,
as a trader, including embroidering, printing and spinning. Its factory
located in a piece of land for the width of 128.265 square meters in
Tarikolot, Citeureup, Bogor, West Java with the total of production
capacities equal to 9.877.000 dozen. While the distribution process and
marketing focussed in its head office located in Jl sawah Lio II, Jakarta,
for the width of 2.340 square meters.
Companys Product:
1. Man Underwear
Company produces three man underwear to fulfill various market
segment action including class society, such as:
Ricky Mens Brief (RMB); Ricky Tank Top (RTT); Ricky T Shirt
(RTS); Ricky T Shirt Colour ( RTSC).
GT Man : This Product is targeted for middle class and consist
of four models including type of Spandex. Type of Elastic for the
children and adult.
Ricsony : This Product is targeted for lower class and consist of
five types including for the children and adult.
2. Clothes
Companys product is T-Shirt, polo shirt and jeans Ricky Premier,
Ricky Junior and woman clothes of Della and Stolla.

Million Rp except Par Value

Dec-2007

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

10,736
91,906
210,209
376,806
196,570
452
574,677
193,983
44,190
238,173
3,043
576,000
320,859
642
500
7,717
333,460

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

8.82
36.04
11.33
21.49
-4.74
-100.00
12.37
44.72
-7.36
35.06
5.50
N/A
-3.77

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

425,584
310,483
115,100
51,330
63,770
-6,092
57,678
16,167
-114
41,396

490,783
405,400
85,383
57,839
27,544
-38,314
-10,770
-1,563
-167
-9,375

15.32
30.57
-25.82
12.68
-56.81
-528.93
N/A
N/A
-46.20
N/A

0.71
7.20
9.73
14.98

1.00
-1.45
-1.91
5.61

40.35
N/A
N/A
-62.55

BALANCE SHEETS

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

Change %

AS OF JUNE 2009

No.

1.

230

Code

Series Name

RICY02

Syariah Ijarah I Tahun


2005

Outstanding
(Rp Million)

60,400

Listing
Date

13-Jul-05

Maturity
Date

12-Jul-10

Coupon
Payment
Date

Issue
Term

Coupon
Structure

5 Years

Ijarah Fee
Rp9,211,000,000 p.a

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

Rating

Baa1.id

INDONESIA BOND MARKET DIRECTORY 2009


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)

12.50

12.5

10.00

10.0

7.50

7.5

5.00

5.0

2.50

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

11.259 11.032
25-Feb 14-Apr
11.259 11.032
11.259 11.032
11.259 11.032
WA1
5.00
2.00
Volume2
33.1% 13.2%
Turnover3
Modified Duration (Yrs): 2.352
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

11.032
25-Aug
11.032
10.080
10.118
11.50
76.2%

Q1

11.189
08-Oct
11.189
11.189
11.189
0.50
3.3%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008

No.

Code

Low

High

Weighted Avg.
Executed
Yield (%)

1.

RICY02

10.080

11.259

11.189

Executed Yield (%)

% of Total

Turnover
Ratio
(%)

19.0

0.060

31.46%

19.0

0.060

TRADING VOLUME
(Billion Rp)

TOTAL

Modified
Duration (Yrs)
End of Year
2.352

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
5

RICY02

12

Q2-2008

Q3-2008

Q4-2008

Outstanding

1
60

Outstanding
-

14

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

21

28

-35

42

49

56

63

70

231

RMBA BENTOEL INTERNATIONAL INVESTAMA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Menara Rajawali, 21st Fl., Jl. Mega Kuningan Lot 5.1
Kawasan Mega Kuningan, Jakarta - 12951
Phone : (021) 576-1456
Fax : (021) 576-1388

idA
Tobacco Manufacturers
http://www.bentoel.co.id
Satrija Budi Wibawa
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
Bentoel Group is one of the major players in the Indonesia cigarette
industry with more than 75 years experience. The company is the sole
distributor of the cigarette products of its subsidiaries.
PT Bentoel Internasional Investama Tbk, the operation holding company,
is a publicly listed company on the Indonesia Stock Exchange. The
Bentoel Group consists of PT Bentoel Prima, PT Lestariputra Wirasejati,
PT Tresno. PT Taman Bentoel, PT Suburaman, PT Amiseta, PT Bintang
Boladunia, PT Bintang Pesona Jagat and PT Cipta Pesona Bintang.
Since 1991, Bentoel Group has been fully transformed from a family-run
company into a professional business entity. The operational excellence
of Bentoel Group is illustrated by its growth over the past three years
which has exceeded the industry average.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

593,803
172,412
2,106,726
3,138,040
615,954
3,036
3,859,160
842,737
1,474,904
2,317,641
1,077,300
336,656
6,733
50
747,978
1,541,519

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

-87.08
-20.06
25.51
-2.71
67.72
173.79
15.45
46.18
1.25
17.59
N/A
25.23
12.24

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

4,586,007
3,581,029
1,004,978
661,659
343,319
-62,235
281,084
38,167
242,917

5,940,801
4,824,168
1,116,633
706,493
410,140
-165,963
244,177
5,039
239,138

29.54
34.71
11.11
6.78
19.46
-166.67
-13.13
-86.80
N/A
-1.56

1.50
6.29
5.30
7.49

1.58
5.37
4.03
6.90

4.77
-14.73
-24.01
-7.78

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

232

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
Payment
Date

Coupon
Structure

Fixed: 10.50%

27-Feb-08
27-May-08
27-Aug-08
27-Nov-08

Rating

idA

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

250

10.0

200

8.0

150

6.0

100

4.0

50

2.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

7.988
7.957
19-Mar 24-Jun
8.069
8.033
7.831
7.816
8.015
7.990
WA1
224.06
70.50
Volume2
66.4% 20.9%
Turnover3
Modified Duration (Yrs): 9.599
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

8.006
17-Sep
8.631
7.970
8.052
224.30
66.5%

8.046
26-Dec
8.049
7.847
7.969
48.35
14.3%

8.167
10-Mar
8.167
8.046
8.142
5.00
1.5%

8.137
24-Jun
9.383
7.873
8.988
235.30
69.7%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

RMBA01

Low

High

7.816

7.969

8.631

TOTAL

% of Total

Turnover
Ratio
(%)

567

1.78

42.01%

567

1.78

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
9.599

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
224

RMBA01

70

Q2-2008
224

Q3-2008

Q4-2008

Outstanding

48
--

1,350

Outstanding
-

150

300

INDONESIA BOND MARKET DIRECTORY 2009


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

233

RUIS
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

RADIANT UTAMA INTERINSCO TBK


:
:
:
:
:

ADDRESS
Radiant Utama Building, 2nd Fl.
Jl. Kapten Tendean No. 24, Jakarta - 12720
Phone : (021) 719-1020
Fax : (021) 719-1002

A3.id
Others
http://www.radiant-utama.com
Moh. Arsyad Lubis
Bank Mega Tbk

FINANCIAL HIGHLIGHT

PROFILE
PT Radiant Utama Interinsco established on August 22, 1984 is one
of the companies in Radiant Utama Group with vast experience for more
than 30 years in oil & gas industry in Indonesia.
The company line of business include provision of technical services such
as supporting services for oil & gas sector from upstream to downstream
and other related industries, including provision of offshore exploration
facilities, offshore production facilities, inspection and certification
services as well as general trading.
Currently, PT Radiant Utama Interinsco with its two subsidiaries namely
PT Supraco Indonesia and PT Radiant Tunas Interinsco deals in four
business segments:
Operation Support Services
Inspection & Certification Services
Offshore drilling and production facilities services
Oil and Gas Concession
Other services such as Environmental Impact assessment,
training, etc.
In April 2006, The Company got a US$110 million contract to provide an
offshore production facility (MOPU) on a lease-operate basis to Santos
to produce gas in Maleo field.
In 12 July 2006, The Company conducted Initial Public Offering and listed
its shares in Jakarta Stock Exchange. The Company issued Rp100 billion
Rupiah Bonds and listed in Surabaya Stock Exchange in July 2007.
In 2008, post merger between Global Santa Fe and Transocean,
Transocean as the surviving company agreed to change the cooperation
with PT. Supraco Indonesia. Thus, PT Supraco Deepwater was
established to provide operation support to all Transoceans operation
both in Indonesia and worldwide
On 30 December 2008, companys subsidiaries PT Supraco Indonesia,
acquire PT Radiant Bukit Barisan which has 51% participating interest in
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

Dec-2007

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

52,861
230,613
1,759
349,358
41,694
4,528
412,624
121,440
111,039
232,479
10
240,000
77,000
770
100
72,020
180,135

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

54.44
15.16
82.44
19.17
324.09
-23.53
49.90
72.74
86.57
79.35
22.39
28.93
11.89

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

890,978
780,966
110,012
54,104
55,909
-2,158
53,750
17,788
-2
35,960

1,178,573
1,052,523
126,049
66,165
59,884
-12,135
47,750
17,676
-1
30,073

32.28
34.77
14.58
22.29
7.11
-462.23
-11.16
-0.63
73.88
-16.37

1.29
8.71
4.04
6.27

2.07
4.86
2.55
5.08

60.29
-44.21
-36.78
-19.03

BALANCE SHEETS

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

Change %

AS OF JUNE 2009

No.

1.

234

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
Payment
Date

Coupon
Structure

Fixed: 11.50%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

Rating

A3.id

INDONESIA BOND MARKET DIRECTORY 2009


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

20.0

12.5

16.0

10.0

12.0

7.5

8.0

5.0

4.0

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

9.399
9.377
18-Feb 26-Jun
9.399
9.404
9.399
9.309
9.399
9.378
WA1
3.00
15.00
Volume2
12.0% 60.0%
Turnover3
Modified Duration (Yrs): 9.146
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

9.242
25-Sep
10.190
9.242
9.694
2.00
8.0%

9.568
04-Nov
10.319
9.430
9.718
7.00
28.0%

Q1

Q2
-

9.553
17-Mar
9.832
9.553
9.677
5.00
20.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

RUIS01

Low

High

9.242

% of Total

27

0.08

27.00%

27

0.08

(Billion Rp)

9.718

10.319

Turnover
Ratio
(%)

TRADING VOLUME

TOTAL

Modified
Duration (Yrs)
End of Year
9.146

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
3

RUIS01

15

Q2-2008

Q3-2008

Q4-2008

Outstanding

7
100

Outstanding
-

10

20

30

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

40

50

-60

70

80

90

100

110

235

SBTR
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

SEMEN BATURAJA (PERSERO)


:
:
:
:
:

ADDRESS
Jl. Abikusno Cokrosuyoso
Kertapati Palembang - 30258
Phone : (0711) 511261
Fax : (0711) 512126 - 510682

A3.id
Cement
Mansyursyah Nasution
Bank Mega Tbk
FINANCIAL HIGHLIGHT

PROFILE
This corporation is the company works in cement industry established
on November 14, 1974. with PT Semen Gresik and PT Semen Padang
as the stockholder. In 1979, 88% corporations stock was taken over by
government based on regulation no. 10/ 1978, thus PT Semen Gresik
only has 5 % while PT Semen Padang only 7%.
In 1991 based on regulation no. 3/1991 about the addition of
governments capital stock into corporations capital stock, therefore
Indonesia government has 100% of PT Semen Baturajas stock.
PT Semen Baturaja (Persero) produces Semen Portland Type I. Its
plants are located in Baturaja, Palembang and Panjang.
To completion of the existing plants to achieve an increased cement
production of 500.000 tons annually, at the same time for preparation to
increase the capacity, PT Semen Baturaja to execute the Optimalization
I (OPT I). The project started in 1992 and was completed in 1994 with a
production capacity of 550.000 tons of cement per year.
Following OPT I, the Company set up Project Optimalization II (OPT II)
in 1996, to increase its production capacity to become 1.250.000 tons of
cement per year. OPT II was completed in 2001, and the Company has
been operating with this capacity since then.
On June 20, 2004, PT Semen Baturaja (Persero) issued Obligasi I that
valued Rp. 200 billions. The issuance of these obligations marked a
stage of financial restructuring, a step to increase profits and guarantee
liquidity.
The main marketing area of PT Semen Baturaja (Persero) covers South
Sumatera and Lampung.

Million Rp except Par Value

Dec-2007

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

113,020
27,133
80,861
225,221
383,950
7,588
616,759
207,048
237,819
444,867
100,000
60,414
60
1,000
111,478
171,892

253,527
19,202
95,171
371,019
362,207
13,702
746,927
323,755
127,580
451,335
100,000
60,414
60
1,000
235,177
295,592

124.32
-29.23
17.70
64.74
-5.66
80.57
21.11
56.37
-46.35
1.45
N/A
110.96
71.96

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

588,255
433,322
154,933
65,808
89,125
-36,024
53,102
19,252
33,850

794,352
497,465
296,887
82,333
214,554
-17,503
197,051
61,043
136,008

35.04
14.80
91.62
25.11
140.73
51.41
271.08
217.07
N/A
301.80

2.59
5.49
5.75
15.15

1.53
18.21
17.12
27.01

-41.00
231.78
197.55
78.27

BALANCE SHEETS

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

Change %

AS OF JUNE 2009

No.

1.

236

Code

SBTR01

Series Name

I Tahun 2004

Outstanding
(Rp Million)

110,000

Listing
Date

23-Jun-04

Maturity
Date

22-Jun-10

Issue
Term

6 Years

Coupon
Payment
Date

Coupon
Structure

Fixed: 13.875%

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

Rating

A3.id

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SBTR01
Trading Volume
(Rp Billion)

50.0

15.0

40.0

12.0

30.0

9.0

20.0

6.0

10.0

3.0

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

- 12.202
- 25-Jun
- 12.202
- 11.717
- 11.892
WA1
44.25
Volume2
- 354.0%
Turnover3
Modified Duration (Yrs): 3.271
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

11.610 11.190
17-Sep 12-Dec
11.812 11.345
11.608 11.169
11.739 11.271
9.35
37.31
74.8% 298.5%

Q1

Q2

12.011
24-Mar
12.521
12.006
12.230
4.95
39.6%

11.334
20-Apr
11.334
11.334
11.334
2.75
22.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
No.

Code

1.

SBTR01

Low

High

11.169

12.202

Weighted Avg.
Executed
Yield (%)
11.271

TOTAL

% of Total

Turnover
Ratio
(%)

91

0.28

181.83%

91

0.28

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
3.271

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
SBTR01 -

Q2-2008

Q3-2008

44

10

20

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

Outstanding

9
50

Outstanding

Q4-2008

E X C H A N G E

37

-30

40

50

60

70

80

90

100

237

SCTV
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

SURYA CITRA TELEVISI


:
:
:
:
:

ADDRESS
SCTV Tower - Senayan City
Jl. Asia Afrika Lot 19, Jakarta - 10270
Phone : (021) 2793-5555
Fax : (021) 2793-5444

idA
Advertising, Printing & Media
http://www.sctv.co.id
Hardijanto Saroso
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
Surya Citra Televisi is a family TV station with a full and diverse spectrum
of programs and is the leading stations, as well as the most creative
and innovative, in Indonesias growing media industry. Together with
its holding company, PT Surya Citra Media Tbk, SCTV is fulfilling the
potential of the business 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) up to weeks
36, for the year 2008, ranks number one, from 10 Network TV Stations
with average 20%.
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 240 cities through 47 transmission
stations, and has more than 175 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 Asian Television Award, Seoul
Drama Award, Citra Pariwara, Panasonic Award, Festival Film Bandung,
Promax Award, Far East Economic Review Award and Asian Wall Street
Journal Award.
SCTV has already made the transition to a digital broadcast and
production platform, reflecting its policy of consistently adopting
advanced technology to improve performance and efficiency. To promote
digital TV migration in Indonesia, SCTV also plays an importance role to
support this action.
In the same spirit, this policy has put strong pressure on the Company
to enhance individual competencies in all fields in order to hone the
knowledge base while fostering talent, creativity and initiative. This is the
key to strengthening SCTVs position as one of the leading broadcasters
in Indonesia.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

674,140
480,231
202,193
1,387,736
316,717
7,818
1,798,214
723,261
590,877
1,314,138
300,000
230,000
230
1,000
254,075
484,075

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

-55.73
21.95
-10.58
-20.87
22.91
132.26
-11.05
-48.78
-1.22
-27.40
N/A
63.52
33.34

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

1,292,524
959,722
332,801
959,722
332,801
-80,376
252,425
82,263
170,162

2,120,691
408,337
1,712,353
1,243,070
469,284
-80,648
388,636
130,010
258,626

64.07
-57.45
414.53
29.52
41.01
-0.34
53.96
58.04
N/A
51.99

2.71
9.46
13.17
25.75

1.48
16.17
12.20
22.13

-45.55
70.86
-7.37
-14.06

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

AS OF JUNE 2009

No.

1.

238

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
Payment
Date

Coupon
Structure

Fixed: 10.95%

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

Rating

idA

INDONESIA BOND MARKET DIRECTORY 2009


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)

Average
Yield (%)

TRADING MOVEMENT

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

9.358
9.217
9.153
24-Mar 25-Jun 26-Sep
9.597
9.955
9.947
9.015
9.022
8.953
9.183
9.317
9.545
WA1
8.00
24.00 168.80
Volume2
5.6% 16.7% 117.4%
Turnover3
Modified Duration (Yrs): 6.40
Last
Date
High
Low

Q4

Q1

Q2

10.082
12-Dec
10.789
9.159
9.533
7.40
5.1%

9.358
23-Mar
11.070
9.321
9.463
135.00
93.9%

9.690
23-Jun
10.010
9.064
9.734
26.60
18.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

Low

SCTV02

8.953

High
10.789

9.533

TOTAL

% of Total

Turnover
Ratio
(%)

208

0.65

36.21%

208

0.65

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year
6.400

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
SCTV02 8 24

Q2-2008

169

Q3-2008

Q4-2008

Outstanding

7
--

575

Outstanding
-

60

120

INDONESIA BOND MARKET DIRECTORY 2009


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

239

SMRA SUMMARECON AGUNG TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Jl. Perintis Kemerdekaan No. 42
Jakarta Timur - 13210
Phone : (021) 489-2107, 471-4567
Fax : (021) 489-2976, 471- 4486

idAProperty And Real Estate


http://www.summarecon.com
Michael Yong
Bank Mandiri (Persero) Tbk
FINANCIAL HIGHLIGHT

PROFILE
PT Summarecon Agung Tbk (SMRA) is located on Jakarta, that was
founded on November 26, 1975. In March 1, 1990, The Company was
going public (Initial Public Offering). The line of business of the company
is real estate and investing in land, property, apartment. The Company
is owned by PT Semarop Agung (26.18%), PT Sinarmegah Jayasentosa
(8.58%), PT Intimax Intraco (5.17%) and the others (60.07%) owned by
public.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

301,320
223,791
395,475
30,144
1,295,643
99,434
3,029,483
66,967
1,518,263
5,959
1,000,000
321,310
3,213
100
818,258
1,505,262

260,830
160,882
653,761
31,896
311,836
104,294
3,629,969
60,245
2,054,375
6,410
1,000,000
643,579
6,436
100
877,002
1,569,184

-13.44
-28.11
65.31
5.81
-75.93
4.89
19.82
-10.04
35.31
7.56
100.30
100.30
7.18
4.25

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

1,027,230
501,418
525,811
255,039
270,773
-36,900
233,872
73,164
-869
159,839

1,267,063
756,301
510,762
289,896
220,867
-50,048
170,819
75,991
-687
94,141

23.35
50.83
-2.86
13.67
-18.43
-35.63
-26.96
3.86
20.90
-41.10

1.01
5.28
15.56
26.36

1.31
2.59
7.43
17.43

29.80
-50.85
-52.25
-33.87

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

2.

240

Code

Series Name

SMRA02

II Tahun 2008

SIKSMRA01

Sukuk Ijarah I Tahun


2008

Outstanding
(Rp Million)

100,000

200,000

Listing
Date

26-Jun-08

26-Jun-08

Maturity
Date

25-Jun-13

25-Jun-13

Issue
Term

Coupon
Payment
Date

Coupon
Structure

5 Years

5 Years

Rating

Fixed: 14.10%

25-Sep-08
25-Dec-08
25-Mar-09
25-Jun-09

idA-

Ijarah Fee
Rp28,200,000,000 p.a

25-Sep-08
25-Dec-08
25-Mar-09
25-Jun-09

idA-(Sy)

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
SMRA02
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

YEAR 2008

Executed
Yield (%)

Q2

Q1

Q1-Q2 2009

Q3

N/A 12.768 12.768


N/A 25-Jun 23-Sep
N/A 12.768 13.332
N/A 12.768 12.666
N/A 12.768 13.086
WA1
N/A
2.00
38.00
Volume2
8.0% 152.0%
N/A
Turnover3
Modified Duration (Yrs): 7.802
Last
Date
High
Low

Q4

Q1

Q2

13.661
17-Oct
13.661
12.453
13.029
6.00
24.0%

12.572
03-Mar
12.572
12.572
12.572
8.00
32.0%

12.691
30-Jun
12.768
12.661
12.674
8.50
34.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

SIKSMRA01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

160

16.0

120

12.0

80

8.0

40

4.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q1-Q2 2009

Q3

Q4

Q1

Q2

N/A 12.757 12.729 12.551 12.445 12.469


N/A 30-Jun 23-Sep 30-Dec 20-Mar 25-Jun
N/A 12.768 12.774 15.121 12.678 12.779
N/A 12.757 11.030 12.136 12.111 11.704
1
12.764 12.361 12.835 12.343 12.540
N/A
WA
82.93
N/A
44.80 137.10
79.25
61.35
Volume2
N/A 89.6% 274.2% 158.5% 122.7% 165.9%
Turnover3
Modified Duration (Yrs): 7.580
Last
Date
High
Low

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Executed Yield (%)
Code

No.

Low

High

Weighted Avg.
Executed
Yield (%)

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

SMRA02

12.453

13.661

13.029

46

0.14

46.00%

7.802

2.

SIKSMRA01

11.030

15.121

12.835

261

0.82

130.58%

7.580

261

0.82

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
SIKSMRA01 -

Q2-2008

45

Q3-2008

Q4-2008

137

79
--

200

Outstanding

SMRA02 - 2

38

6
--

100

Outstanding
-

30

60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

Outstanding

S T O C K

E X C H A N G E

90

120

150

180

210

240

270

300

241

SOFN SUMMIT OTO FINANCE


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

ADDRESS
Summitmas II 8th Floor
Jl. Jend. Sudirman Kav. 61-62, Jakarta - 12190
Phone : (021) 252-2788
Fax : (021) 252-2319, 252-6388

idAAA(cg)
Financial Institution
http://www.otofinance.co.id
Muliawan Gunadi K
Bank Mandiri (Persero) Tbk

PROFILE
Initially established in 1990 as PT Summit Sinar Mas Finance, a joint
venture between PT Sinar Mas Multiartha and Sumitomo Corporation of
Japan, the Company had originally focused its activities on the corporate
leasing business. The name was changed to PT Summit Oto Finance
(SOF) in 2003 when the Company business shifted into the motorcycle
financing market in Indonesia.
SOF keeps on focusing its business activities in the financing of new
and used two-wheel vehicle, and as an independent finance company
SOF conducts financing activities without restricting to any single brand
or manufacturer so it does not have the risk of being limited by the
performance of any one brand.
Supported by 76 branches and service points throughout Indonesia,
SOF has been able to maintain its position as one of the leading players
in Indonesia motorcycle financing business.

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
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

242

Million Rp except Par Value

Dec-2007

Dec-2008

Change %

603,803
20,944

1,355,273
49,395

124.46
135.85

3,558,751

4,974,860

39.79

55,635
68,284
4,358,535
1,211,754
7,608
3,345,011
2
1,000,000
945,179
2
500,000
89,545
1,013,524

70,443
91,991
6,871,001
3,218,814
43,971
4,869,122
2
1,000,000
945,179
2
500,000
170,625
2,001,879

N/A
26.62
34.72
57.64
165.63
477.92
45.56
90.55
97.52

1,312,281
1,254,097
58,184

1,642,696
1,505,595
137,102

25.18
20.05
N/A
135.63

9,827
48,357

56,021
81,081

470.05
67.67

3.30
1.11
3.68
4.43

2.43
1.18
4.94
8.35

-26.30
6.36
33.95
88.24

INDONESIA BOND MARKET DIRECTORY 2009


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.

Series Name

Code

II Tahun 2007 Seri B

SOFN02B

1.

Listing
Date

Outstanding
(Rp Million)

350,000

09-Mar-07

Maturity
Date

08-Sep-09

Coupon
Payment
Date

Coupon
Structure

Issue
Term

30 Months

Rating

Fixed: 8.65%

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

idAAA
(cg)

idAAA
(cg)

2.

SOFN02C

II Tahun 2007 Seri C

350,000

09-Mar-07

08-Mar-10

36 Months

Fixed: 8.91%

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

3.

SOFN03A

Obligasi III Tahun 2009


Seri A

200,000

20-May-09

24-May-10

12 Months

Fixed: 13.50%

24-Aug-09
24-Nov-09
24-Feb-10
24-May-10

idA+

SOFN03B

Obligasi III Tahun 2009


Seri B

Fixed: 14.25%

19-Aug-09
19-Nov-09
19-Feb-10
19-May-10

idA+

SOFN03C

Obligasi III Tahun 2009


Seri C

Fixed: 15.25%

19-Aug-09
19-Nov-09
19-Feb-10
19-May-10

idA+

4.

5.

35,000

365,000

20-May-09

20-May-09

19-May-11

19-May-12

24 Months

36 Months

TRADING HIGHLIGHT
SOFN02B
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 (%)

YEAR 2008
Q1

Q2

WA1
Volume2
Turnover3
Modified Duration (Yrs): 6.375
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

7.388
08-Sep
7.388
7.259
7.308
26.20
29.9%

7.201
20-Nov
7.352
7.201
7.291
48.00
54.9%

Q1
7.213
10-Mar
7.281
7.047
7.185
81.42
93.1%

Q2
5.666
23-Jun
5.826
5.656
5.713
34.00
38.9%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

SOFN02C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

25.0

10.0

20.0

8.0

15.0

6.0

10.0

4.0

5.0

2.0

Executed
Yield (%)

YEAR 2008
Q1

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

Q2

Q1-Q2 2009

Q3
-

Q1

Q4
-

7.723
05-Mar
7.723
7.723
7.723
5.00
5.7%

Q2
7.732
01-Jun
7.732
7.687
7.709
20.00
22.9%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

243

SOFN03A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

75.0

10.0

60.0

8.0

45.0

6.0

30.0

4.0

15.0

2.0

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
9.071
N/A 19-Jun
N/A
9.251
N/A
9.071
N/A
9.217
N/A
70.00
N/A 140.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

SOFN03B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

12.5

10.0

10.0

8.0

7.5

6.0

5.0

4.0

2.5

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

N/A
N/A
N/A
N/A
N/A
WA1
2
N/A
Volume
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
9.434
N/A 09-Jun
N/A
9.434
N/A
9.434
N/A
9.434
N/A
10.00
N/A 114.3%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

SOFN03C

Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

Executed
Yield (%)

YEAR 2008
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

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

Q1-Q2 2009
Q4
N/A
N/A
N/A
N/A
N/A
N/A
N/A

Q1

Q2

N/A
9.741
N/A 12-Jun
N/A
9.794
N/A
9.678
N/A
9.779
N/A 171.10
N/A 187.5%

Q1-08

244

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING STATISTICS 2008

No.

Code

% of Total

Turnover
Ratio
(%)

1.

SOFN02B

7.201

7.388

7.291

74.2

0.2325

21.20%

6.375

2.

SOFN02C

74.2

0.2325

Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Low

High

TOTAL

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
SOFN02B

26

Q2-2008

Q3-2008

Q4-2008

Outstanding

48

Outstanding

350

350

SOFN02C Outstanding
-

40

80

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

120

160

200

240

280

320

360

400

245

TKIM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

PABRIK KERTAS TJIWI KIMIA TBK


:
:
:
:
:

ADDRESS
BII Plaza Tower II, 9th Fl.,
Jl. MH. Thamrin No..51, Jakarta - 10350
Phone : (021) 392-9001 - 3 ext. 2033
Fax : (021) 392-6179 ; 392-7685

idBBBPulp & Paper


http://www.tjiwi.co.id
Agustian R. Partawijaya
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE

Dec-2007

BALANCE SHEETS

PT Pabrik Kertas Tjiwi Kimia Tbk is:


One of the worlds largest vertically integrated paper and stationery
manufacturers.
A major player in prime markets in Japan, Australia, Middle East,
USA, Europe and other Asian countries.
Strategically located within the Asia-Pacific region.
Internationally recognized for the high quality of its paper
products.
A Company that directly employs approximately 12,800
employees.
Committed to sustainability in all its operations.

PT. Pabrik Kertas Tjiwi Kimia Tbk was established on October 2, 1972.
The Company is located in Desa Kramat Tumenggung, in the subdistrict
of Tarik in Sidoarjo, East Java. The Company has been listed on the
Indonesia Stock Exchanges since 1990.
The main business activity of the Company presently is the production of
writing and printing papers, both coated and uncoated. The Company also
produces a wide range of converted stationery and office products such
as exercise books, writing pads, loose leaf, spirals, envelopes, computer
form, gift wrapping paper, shopping bags and fancy products which have
gained good responses from international markets. In line with market
demand, the Company produces higher value added products including
carbonless paper and cast coated paper and board.

Million Rp except Par Value

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

299,054
1,780,465
3,033,952
6,717,247
11,267,198
20,413,709
2,651,850
12,405,700
15,057,550
5,000,000
1,335,702
1,336
1,000
12,094
5,356,159

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

10,877,859 14,878,798
9,386,828 12,610,427
1,491,031 2,268,371
1,098,925 1,327,444
392,106
940,926
-314,079
-463,363
78,026
477,563
-16,716
-88,401
94,742
565,965

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

Change %

555,931
85.90
2,767,670
55.45
2,756,139
-9.16
8,491,108
26.41
11,435,676
1.50
29,705
N/A
24,783,879
21.41
3,284,911
23.87
14,706,234
18.54
17,991,144
19.48
N/A
5,000,000
1,335,702
1,336
1,000
580,024 4,696.04
26.82
6,792,734

2.81
0.46
0.87
3.60

36.78
34.34
52.13
20.79
139.97
-47.53
512.05
-428.85
N/A
497.37

2.65
2.28
3.80
6.32

-5.79
392.04
336.74
75.44

AS OF JUNE 2009

No.

1.

2.

246

Code

TKIM02A

TKIM02B

Series Name

I Tahun 1996 Seri A

I Tahun 1996 Seri B

Outstanding
(Rp Million)

51,374

100,000

Listing
Date

25-Oct-04

25-Oct-04

Maturity
Date

01-Oct-14

01-Oct-17

Coupon
Payment
Date

Coupon
Structure

Issue
Term

10 Years

13 Years

Rating

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idBBB-

SBI 3 Months + 2.00%

01-Jan-08
01-Apr-08
01-Jul-08
01-Oct-08

idBBB-

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
TKIM02A
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

Q3
-

WA1
Volume2
Turnover3
Modified Duration (Yrs): 8.669
Last
Date
High
Low

Q1-Q2 2009
Q4
-

Q1

12.277
10-Oct
12.277
12.268
12.273
1.54
17.2%

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TKIM02B
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

YEAR 2008

Executed
Yield (%)

Q1

Q2

- 11.786
- 16-May
- 11.786
- 11.786
1
11.786
WA
7.75
Volume2
31.0%
Turnover3
Modified Duration (Yrs): 5.368
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4
-

Q1

9.072
12-Dec
11.075
9.072
9.974
6.00
24.0%

Q2

9.322
19-Feb
10.118
9.322
9.704
15.50
62.0%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


Code

No.

Low

High

TRADING VOLUME
(Billion Rp)

% of Total

Turnover
Ratio
(%)

Modified
Duration (Yrs)
End of Year

1.

TKIM02A

12.268

12.277

12.273

0.00

4.29%

8.669

2.

TKIM02B

9.072

11.786

9.974

14

0.04

13.75%

5.368

15

0.05

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Q2-2008

Q3-2008

Q4-2008

Outstanding

TKIM02A Outstanding

--

36

TKIM02B -

8 -

6
--

100

Outstanding
-

10

20

30

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

40

50

60

70

80

90

100

110

247

TRIM
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

TRIMEGAH SECURITIES TBK


:
:
:
:
:

idASecurities Company
http://www.trimegah.com
Rosinu
Bank Rakyat Indonesia (Persero) Tbk

PROFILE
Established in May 1990, Trimegah Securities is a fully integrated
Indonesia-based securities company. The Companys principal activities
are Equity Capital Markets, Debt Capital Markets, Investment Banking,
Asset Management, and Shariah.
Equity Capital Markets Division provides equity brokerage service and
margin lending facility for retail and institutional clients. Debt Capital
Markets Division facilitates government bond transactions, including
Retail Government Bond, and Corporate Bonds. Investment Banking
Division provides bond and equity underwriting service, arranger as well
as financial advisory.
Asset Management Division meets financial needs of clients through
various types of mutual and discretionary funds, and Trimegah Shariah
was founded to serve clients with products and services that comply with
shariah principles in the capital market.
Trimegah Securities has received various awards including The
Best Securities Company Capital Market Award 2004, The Best
Securities Company Capital Market Award 2006, and The Best Retail
Government Bond (ORI) Selling Agent.
The Company is headquartered in Jakarta, Indonesia with its head
office located at Gedung Artha Graha, Jalan Jendral Sudirman, and has
23 full branch and representative offices in 19 major cities throughout
Indonesia.

ADDRESS
Artha Graha Building 18th, 19th & 30th Fl.,
Jl. Jend. Sudirman Kav. 52-53, Jakarta - 12190
Phone : (021) 515-2345
Fax : (021) 515-2320
FINANCIAL HIGHLIGHT

Dec-2007

Dec-2008

148,282
4,842
-

377,883
4,911
-

154.84
1.44
N/A

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

84,947
77,620
13,028
8,378
1,677,268
16,292

21,224
100
14,872
25,294
10,535
968,116
251

-75.01
N/A
-80.84
94.15
25.74
-42.28
-98.46

387,780
1,234,850
680,000
182,750
3,655
50
279,829
442,417

180,189
586,320
680,000
182,750
3,655
50
269,660
381,797

N/A
-53.53
-52.52
N/A
-3.63
-13.70

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

342,280
188,196
154,084
-30,750
123,334
27,615
95,719

288,878
193,352
95,527
-50,021
45,506
14,223
31,283

-15.60
2.74
-38.00
-62.67
-63.10
-48.50
N/A
-67.32

2.79
5.71
27.97
45.02

1.54
3.23
10.83
33.07

-44.98
-43.38
-61.28
-26.54

BALANCE SHEETS
Cash & Cash Equivalents
Time Deposits
Marketable Securities
Recievables from Clearing
and Guarantee Institutions
Recievables from Brokers
Recievables from Customers

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

248

Million Rp except Par Value

Change %

INDONESIA BOND MARKET DIRECTORY 2009


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 2008

Code

No.

Series Name

TRIM01

1.

2.

41,350

I Tahun 2004

50,000

II Tahun 2007 Seri B

TRIM02B

3.

Outstanding
(Rp Million)

TRIM02C

II Tahun 2007 Seri C

150,000

Listing
Date

14-Jul-04

13-Jul-07

13-Jul-07

Maturity
Date

13-Jul-09

12-Jul-09

12-Jul-10

5 Years

2 Years

3 Years

Coupon
Payment
Date

Coupon
Structure

Issue
Term

Rating

Fixed: 12.875%

13-Jan-08
13-Apr-08
13-Jul-08
13-Oct-08

idA-

Fixed: 10.375%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

idA-

Fixed: 10.875%

12-Jan-08
12-Apr-08
12-Jul-08
12-Oct-08

idA-

TRADING HIGHLIGHT
TRIM01
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

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q1-Q2 2009

Q3

Q4
-

- 10.034
- 21-Apr
- 10.034
- 10.034
- 10.034
WA1
0.20
Volume2
1.9%
Turnover3
Modified Duration (Yrs): 4.128
Last
Date
High
Low

10.099
26-Dec
10.122
10.099
10.105
10.50
101.6%

Q1

Q2

9.671
13-Jan
9.671
9.671
9.671
2.10
20.3%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

TRIM02B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

30.0

12.5

24.0

10.0

18.0

7.5

12.0

5.0

6.0

2.5

Executed
Yield (%)

Q1

Q3

Q2

1
WA
Volume2
Turnover3
Modified Duration (Yrs): 4.336
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008

Q4

8.527
8.710
11-Aug 30-Dec
8.527
8.882
8.586
8.527
8.696
8.527
27.09
10.80
86.4% 216.7%

Q1
8.388
16-Feb
8.388
8.388
8.388
3.50
28.0%

Q2
-

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

249

TRIM02C
Trading Volume
(Rp Billion)

125

12.5

100

10.0

75

7.5

50

5.0

25

2.5

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

Q1-Q2 2009

Q3

Q4

9.094
9.022
9.280
24-Jan 30-Jun 18-Sep
9.280
9.103
9.022
9.094
9.022
9.017
1
9.098
9.022
9.027
WA
2
10.00
51.00
118.09
Volume
26.7% 136.0% 314.9%
Turnover3
Modified Duration (Yrs): .0

Q1
-

Last
Date
High
Low

Q2
-

9.442
14-May
9.712
9.230
9.332
12.55
33.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


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.

TRIM01

10.034

10.122

10.105

11

0.03

25.88%

4.128

2.

TRIM02B

8.527

8.882

8.696

38

0.12

75.77%

4.336

3.

TRIM02C

0.000

9.280

0.000

179

0.56

119.39%

0.000

228

0.71

TOTAL

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
TRIM01 -

41

Outstanding

--

50

10

--

118

51.00

150

Outstanding
-

250

Q4-2008

27

11

Outstanding

TRIM02C

Q3-2008

11

Outstanding

TRIM02B -

Q2-2008

20

40

60

-80

100

120

140

160

180

200

INDONESIA BOND MARKET DIRECTORY 2009


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 2009


I N D O N E S I A

S T O C K

E X C H A N G E

251

TRJE
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

TRUBA JAYA ENGINEERING


:
:
:
:
:

ADDRESS
Wisma P.S.M, Jl. Swadaya II No. 7
Tanjung Barat Jagakarsa, Jakarta - 12530
Phone : (021) 780-3300; 789-1481; 781-5760
Fax : (021) 780-1054, 782-3968, 782-1505

idBBB+
Construction
http://www.trubagroup.com
Hanan Arifin
Bank Niaga Tbk

FINANCIAL HIGHLIGHT

PROFILE
In year 1976, the company was established as a joint venture of PT
Tri Usaha Bakti Group of Indonesia with Jurong Engineering Limited of
Singapore under the name of PT truba Jurong Engineering. It continues
to participate in global development especially in the field of power,
industrial, oil & gas, mining and fertilizer plants.
The company has been serving the industry over 30 years of proven
track record having participated or involved in most of the major power
and industrial projects in Indonesia. It is gaining foothold in the Midle
East market and focused in developing reputation in Saudi Arabia power
generation sector.
The cope with rapidly growing market, especially in Power and Oil & Gas
sectors, restructuring has taken place in PT Truba Jurong Engineering.
PT Truba Alam Manunggal has approved purchase of 98.3% of PT
Truba Jurong Engineering shares (45% from Jurong Engineering LTd.
Singapore, 51% from PT Tri Usaha Bakti and 2.3% from others). By its
subsidiaries, now they have one stop solution to meet power generation
requirement comprising, investment if required, project management,
EPC and operation & Maintenance.

Million Rp except Par Value

BALANCE SHEETS

Dec-2007

Dec-2008

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

293,726
502,680
6,681
227,327
88,410
1,732,011
162,787
496,771
1,473
4,800,000
1,200,000
12,000
100
33,766
1,233,766

227,027
932,471
37,397
15,203
413,181
3,296,905
335,528
1,993,782
8,591
4,800,000
1,209,000
12,090
100
85,533
1,294,533

-22.71
85.50
459.71
-93.31
367.35
N/A
90.35
106.11
301.35
483.09
0.75
0.75
153.31
4.93

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

1,152,253
1,009,547
142,706
84,591
58,115
-6,857
61,556
20,922
78
40,712

2,375,288
106.14
108.57
2,105,657
4,480,945 3,039.99
31.26
111,032
4,591,977 7,801.58
-37,974 -453.77
137,489
123.36
314.59
86,740
495
538.38
25.87
51,245

0.40
2.35
3.53
5.04

1.54
282.51
1.55
-33.87
2.16
-38.94
193.32 3,733.06

FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)
AS OF JUNE 2009

No.

1.

252

Code

TRJE01

Series Name

I Tahun 2007

Outstanding
(Rp Million)

200,000

Listing
Date

09-Jan-08

Maturity
Date

08-Jul-10

Issue
Term

Coupon
Payment
Date

Coupon
Structure

2,5 Years

Fixed: 11.75%

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

Rating

idBBB+

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING HIGHLIGHT
TRJE01
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

100

20.0

80

16.0

60

12.0

40

8.0

20

4.0

YEAR 2008

Executed
Yield (%)

Q1

Q2

10.176 10.501
25-Feb 17-Jun
10.183 10.508
10.173 10.020
10.173 10.136
WA1
75.00
26.00
Volume2
150.0% 52.0%
Turnover3
Modified Duration (Yrs): 8.097
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

Q2

10.303
17-Sep
10.427
10.303
10.375
40.16
80.3%

12.303
19-Nov
12.303
12.303
12.303
75.00
13.8%

14.909 11.983
24-Mar 15-May
14.909 11.983
14.909 11.689
14.909 11.772
0.36
1.13
0.7%
2.3%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

TRJE01

Low

High

10.020

12.303

% of Total

Turnover
Ratio
(%)

148

0.46

74.03%

148

0.46

TRADING VOLUME
(Billion Rp)

12.303

TOTAL

Modified
Duration (Yrs)
End of Year
8.097

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008
TRJE01

Q2-2008

75

Q3-2008
26

Q4-2008
40

Outstanding
7
--

200

Outstanding
-

20

40

60

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

80

100

120

140

160

180

200

220

253

TUFI
Company Rating
Business Sector
Website
Corporate Sec.
Trustee

TUNAS FINANCINDO SARANA


:
:
:
:
:

ADDRESS
Jl. Pasar Minggu No. 7
Jakarta - 12740
Phone : (021) 794-4788, 794-0777
Fax : -

idAFinancial Institution
Mirati H. Andiyana
Bank Mega Tbk

PROFILE
PT Tunas Financindo Sarana (TUFI) was founded on May 17, 1989 under
the name of PT Tunas Financindo Corporation. The company is one of
the subsidiaries of PT Tunas Ridean Tbk. The company is established as
a credit department of Tunas Ridean in 1985. Since 1989, the company
had obtained a multi finance license and had been changed its name to
PT Tunas Financindo Corporation before it became PT Tunas Financindo
Sarana in 2002.
Since February 6, 2009, the companys shareholders consist of PT
Bank Mandiri (Persero) Tbk (51%) and PT Tunas Ridean (49%). The
company business is to provide consumer financing and operating lease
for fleet customers. To support its operation, currently the company has
32 branches in strategic cities, All of its branches are located in Java,
Sumatera, Borneo and South Celebes with new branding Mandiri Tunas
Finance.

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
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

254

Million Rp except Par Value

Dec-2007

Dec-2008

47,305
5,763

463,481
1,113

Change %
879.77
-80.69

2,040,910

1,715,359

-15.95

5,585
5,991
2,141,038
21,060
1,805,147
500
250,000
65,000
130
500
74,006
335,891

N/A
6,793
21.63
109,507 1,727.86
2,347,436
9.64
860,333
N/A
17,388
-17.44
1,977,731
9.56
10,000 1,900.00
300.00
1,000,000
284.62
250,000
2,500 1,823.08
100
-80.00
61.75
119,705
369,705
10.07

457,378
337,028
120,350

527,143
367,178
159,965

15.25
8.95
N/A
32.92

35,618
84,732

43,051
116,914

20.87
37.98

5.37
3.96
18.53
26.31

5.35
4.98
22.18
30.35

-0.46
25.85
19.72
15.33

INDONESIA BOND MARKET DIRECTORY 2009


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

1.

Series Name

TUFI04C

2.

IV Tahun 2007 Seri C

TUFI05B

3.

350,000

V Tahun 2008 Seri B

TUFI05C

4.

Outstanding
(Rp Million)

25,000

V Tahun 2008 Seri C

TUFI05D

50,000

V Tahun 2008 Seri D

175,000

Listing
Date

23-Feb-07

21-Feb-08

21-Feb-08

21-Feb-08

Maturity
Date

22-Feb-10

20-Feb-10

20-Feb-11

20-Feb-12

Issue
Term

3 Years

2 Years

3 Years

4 Years

Coupon
Payment
Date

Coupon
Structure

Rating

Fixed: 11.00%

22-Feb-08
22-May-08
22-Aug-08
22-Nov-08

idA-

Fixed: 10.50%

20-May-08
20-Aug-08
20-Nov-08
20-Feb-09

idA-

Fixed: 11.00%

20-May-08
20-Aug-08
20-Nov-08
20-Feb-09

idA-

Fixed: 11.25%

20-May-08
20-Aug-08
20-Nov-08
20-Feb-09

idA-

TRADING HIGHLIGHT
TUFI04C
Trading Volume
(Rp Billion)

Average
Yield (%)

TRADING MOVEMENT

125

10.0

100

8.0

75

6.0

50

4.0

25

2.0

Executed
Yield (%)

YEAR 2008
Q1

Q2

8.058
8.133
28-Mar 30-Jun
8.088
8.304
8.056
8.133
1
8.070
8.181
WA
61.00
68.00
Volume2
69.7% 77.7%
Turnover3
Modified Duration (Yrs): 9.181
Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

Q1

8.128
15-Sep
8.134
8.115
8.129
66.00
75.4%

8.175
22-Dec
8.913
8.061
8.184
59.00
67.4%

Q2

8.115
8.018
19-Mar 29-Jun
8.486
8.130
8.075
7.975
8.209
8.057
73.00 116.00
83.4% 132.6%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

TUFI05B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

30.0

10.0

24.0

8.0

18.0

6.0

12.0

4.0

6.0

2.0

Executed
Yield (%)

YEAR 2008
Q1

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

Q2

Q1-Q2 2009

Q3
-

Q1

Q4
-

Q2
-

7.722
19-Jun
7.730
7.547
7.690
25.00
400.0%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

255

TUFI05C
Trading Volume
(Rp Billion)

7.50

10.0

6.00

8.0

4.50

6.0

3.00

4.0

1.50

2.0

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

8.078
10-Mar
8.078
8.078
1
8.078
WA
2
6.00
Volume
48.0%
Turnover3
Modified Duration (Yrs): 9.571

Q3
-

Last
Date
High
Low

Q1-Q2 2009
Q4

Q1
-

Q2
-

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TUFI05D
Trading Volume
(Rp Billion)

12.5

10.0

10.0

8.0

7.5

6.0

5.0

4.0

2.5

2.0

YEAR 2008

Executed
Yield (%)

Average
Yield (%)

TRADING MOVEMENT

Q1

Q2

8.194
18-Feb
8.194
8.194
8.194
WA1
6.00
Volume2
13.7%
Turnover3
Modified Duration (Yrs): 9.019

Last
Date
High
Low

Q1-Q2 2009

Q3

Q4

8.211
16-Sep
8.211
8.210
8.210
10.00
22.9%

8.201
22-Dec
8.206
8.189
8.199
9.89
22.6%

Q1

Q2
-

8.900
30-Jan
8.900
8.900
8.900
2.84
6.5%

Weighted Average; 2 Trading Volume in Billion Rp


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

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

Executed Yield (%)


No.

Code

1.

TUFI04C

Low

High

8.056

8.913

8.184

% of Total

Turnover
Ratio
(%)

0.80

72.57%

TRADING VOLUME
(Billion Rp)
254

Modified
Duration (Yrs)
End of Year
9.181

2.

TUFI05B

3.

TUFI05C

8.078

8.078

8.078

0.02

12.00%

9.571

4.

TUFI05D

8.189

8.211

8.199

26

0.08

14.79%

9.019

286

0.90

TOTAL

256

INDONESIA BOND MARKET DIRECTORY 2009


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 - YEAR 2008 (IN BILLION RP)


Q1-2008
61

TUFI04C

Q2-2008
68

Q3-2008
66

Q4-2008

Outstanding

59
350

Outstanding

TUFI05B 25 -

Outstanding

TUFI05C 650

Outstanding

TUFI05D 6- 10 10
175

Outstanding
-

40

80

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

120

160

200

240

280

320

360

400

257

WOMF WAHANA OTTOMITRA MULTIARTHA TBK


Company Rating
Business Sector
Website
Corporate Sec.
Trustee

:
:
:
:
:

idAFinancial Institution
http://www.wom.co.id/
Fenfira Tedja
Bank Permata Tbk

PROFILE
PT Wahana Ottomitra Multiartha (WOM Finance), is a credit financing
company providing a motorbike loan is committed to improving its
customer satisfaction. The Company was established on March 23,
1982, located in Jakarta.
As today WOM Finance is still focusing its business in financing
motorbike loan and in 2003 it had financed 180,000 units of motorbike
loan worth Rp. 1.55 trillion. It is a 60% increase from 2002 which was
only 110,000 units or Rp. 945 billions. The 2003 record is much higher
than the national growth in the motorbike business which is only 15%.
The motorbike business is estimated to have a 10 to 15% growth or
around 3 million units this year. According to research up to 60% of sales
is from loans. This is a very feasible figure to do business. WOM Finance
is expecting to have 70 branches by the end of this year. It had 58
branches last year. It also expects to have a 50% increase in business
which equals to Rp 2.25 trillions or a 250,000-unit of motorbike loans. If
business is running as the management has expected, WOM Finance
will book a profit of more than Rp. 100 billions in 2004.

ADDRESS
Mega Glodok Kemayoran Office Tower B, 2nd Fl.
Jl. Angkasa Kav. B-6 Bandar Kemayoran, Jakarta - 10610
Phone : (021) 2664-6600
Fax : (021) 2664-6611
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
Total Revenues
Expenses
Other Income
Income Before Tax
Net Tax
Net Income
FINANCIAL RATIOS
DER (X)
ROA (%)
NPM (%)
OPM (%)

258

Million Rp except Par Value

Change %

Dec-2007

Dec-2008

100,512
58,805

201,840
37,409

100.81
-36.38

4,354,705

2,924,768

-32.84

152,040
32,713
57,134
4,812,511
1,029,177
3,625
4,460,564
5,000
500,000
200,000
2,000
100
41,533
351,947

95,701
46,879
42,149
3,432,968
515,672
1,252
3,157,251
5,000
500,000
200,000
2,000
100
-34,697
275,716

-37.06
43.30
-26.23
-28.67
-49.89
-65.47
-29.22
N/A
-21.66

1,231,151
1,576,686
-345,536

1,337,564
1,299,484
38,080

8.64
-17.58
N/A
N/A

-104,169
-241,367

17,369
20,711

N/A
N/A

12.67
-5.02
-19.60
-28.07

11.45
0.60
1.55
2.85

-9.65
N/A
N/A
N/A

INDONESIA BOND MARKET DIRECTORY 2009


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

1.

Series Name

WOMF03C

2.

III Tahun 2006 Seri C

WOMF04A

3.

160,000

IV Tahun 2007 Seri A

WOMF04B

4.

Outstanding
(Rp Million)

225,000

IV Tahun 2007 Seri B

WOMF04C

185,000

IV Tahun 2007 Seri C

590,000

Listing
Date

08-Jun-06

30-May-07

30-May-07

30-May-07

Maturity
Date

07-Jun-10

29-May-10

29-May-11

29-Nov-11

4 Years

36 Months

48 Months

54 Months

Coupon
Payment
Date

Coupon
Structure

Issue
Term

Rating

Fixed: 15.35%

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

idA-

Fixed: 11.25%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

idA-

Fixed: 11.625%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

idA-

Fixed: 12.00%

29-Feb-08
29-May-08
29-Aug-08
29-Nov-08

idA-

TRADING HIGHLIGHT
WOMF03C
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 (%)

Q1-Q2 2009

YEAR 2008
Q1

Q2

Q3

10.710 10.743 10.506


04-Feb 28-May 01-Sep
10.710 10.744 10.766
10.093 10.569 10.506
1
10.153 10.682 10.647
WA
11.00
53.00
75.20
Volume2
27.5% 132.5% 188.0%
Turnover3
Modified Duration (Yrs): 2.050
Last
Date
High
Low

Q4

Q1

Q2

10.559
03-Dec
10.559
10.550
10.557
16.30
40.8%

10.661
19-Mar
11.219
10.526
10.765
6.00
15.0%

10.599
30-Jun
10.812
10.343
10.614
26.05
65.1%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

WOMF04A
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

75.0

15.0

60.0

12.0

45.0

9.0

30.0

6.0

15.0

3.0

Executed
Yield (%)

Q1

Q2

8.452
8.527
27-Feb 30-Jun
8.530
9.730
8.388
8.438
8.490
8.707
WA1
31.00
59.80
Volume2
55.1% 106.3%
Turnover3
Modified Duration (Yrs): 8.939
Last
Date
High
Low

Q1-Q2 2009

YEAR 2008
Q3

Q4

Q1

Q2

8.315
16-Sep
8.448
8.315
8.403
6.00
10.7%

8.523
30-Dec
8.523
8.411
8.480
29.75
52.9%

8.553
06-Mar
9.428
8.439
8.651
13.50
24.0%

8.419
26-Jun
8.534
8.419
8.478
14.50
25.8%

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

259

WOMF04B
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

200

12.5

160

10.0

120

7.5

80

5.0

40

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

Q2

8.418
8.505
8.734
9.108
9.702
8.492
22-Jan 30-Jun 25-Sep 24-Dec 02-Mar 22-Jun
9.107
8.515
8.734
9.108 12.560 13.896
8.505
8.519
8.538
8.070
8.591
8.467
1
8.510
8.700
8.784
9.223
9.188
8.845
WA
30.00
52.70 102.90 171.84
69.00
73.85
Volume2
64.9% 113.9% 222.5% 371.5% 149.2% 159.7%
Turnover3
Modified Duration (Yrs): 8.691
Last
Date
High
Low

Q1-08

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

WOMF04C
Trading Volume
(Rp Billion)

TRADING MOVEMENT

Average
Yield (%)

300

12.5

240

10.0

180

7.5

120

5.0

60

2.5

Executed
Yield (%)

YEAR 2008
Q1

Q2

Q3

Q1-Q2 2009
Q4

Q1

8.756
9.011
8.695
9.046
9.903
27-Mar 20-Jun 26-Sep 24-Dec 31-Mar
8.799
9.312
9.580 10.467
9.121
8.031
8.413
8.662
8.625
8.662
8.654
8.725
8.807
8.975
8.849
WA1
147.00 188.70 268.41 155.51 149.08
Volume2
99.7% 127.9% 182.0% 105.4% 101.1%
Turnover3
Modified Duration (Yrs): 8.848
Last
Date
High
Low

Q2
8.695
25-Jun
9.119
8.452
8.882
121.75
82.5%

Q1-08

260

Q2-08

Q3-08

Q4-08

Q1-09

Q2-09

Weighted Average; 2 Trading Volume in Billion Rp


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

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

TRADING STATISTICS 2008


Weighted Avg.
Executed
Yield (%)

% of Total

Turnover
Ratio
(%)

10.557

156

0.49

97.19%

2.050

9.730

8.480

127

0.40

56.24%

8.939

12.560

9.223

357

1.12

193.21%

8.691

760

2.38

128.75%

8.848

1,399

4.38

Executed Yield (%)


No.

Code

Low

High

1.

WOMF03C

10.093

10.766

2.

WOMF04A

8.315

3.

WOMF04B

8.070

4.

WOMF04C

8.031

10.467

8.849

TOTAL

TRADING VOLUME
(Billion Rp)

Modified
Duration (Yrs)
End of Year

TRADING VOLUME BY SERIES - YEAR 2008 (IN BILLION RP)


Q1-2008

Outstanding

31

225

30

Outstanding

172

103

53
185

WOMF04C

Outstanding

6 30

60

Outstanding

WOMF04B

Q4-2008

160

WOMF04A

Q3-2008

16

75

53

WOMF03C

Q2-2008

147

Outstanding

156

268

189

590
-

80

160

INDONESIA BOND MARKET DIRECTORY 2009


I N D O N E S I A

S T O C K

E X C H A N G E

240

320

400

480

560

640

720

800

261