Pefindo Pockets Mandate Of IDR66.87 Trillion Bond Rating

Illustration. (Photo: Doc. Antara)

JAKARTA - Head of the Corporate Rating Division of PT Pemeringkat Efek Indonesia (Pefindo) Niken Indriarsih said that his party has secured a rating mandate for corporate debt securities which are planned to be issued worth Rp. 66.87 trillion as of March 31, 2022. The mandate comes from 45 state-owned and non-BUMN companies.

Companies from the construction and finance sectors dominate the rating pipeline for corporate debt that Pefindo will receive until the end of March 2022. By sector, there are the financing industry, the pulp and tissue industry, banking, telecommunications, and property which are in the top 6 of Pefindo's rating pipeline.

"Meanwhile, in terms of types of debt securities, sustainable public offerings or PUB, the new issuance is almost IDR 19.75 trillion and bonds IDR 15.45 trillion," Niken said in an online press conference, Tuesday, April 19.

For information, the issuance of debt securities nationally during the first quarter of 2022 reached Rp. 40.36 trillion, an increase of about 73.8 percent compared to the total issuance during the first quarter of 2021 of Rp. 23.21 trillion. Of this value, as much as Rp. 31.82 trillion received a rating from Pefindo and the rest from other rating agencies.

Niken said that the situation in early 2021 was much better than 2020. And at the beginning of 2022, he said, the issuance of debt securities rose significantly than last year, even better.

The issuance of debt securities during the first quarter of 2022 was dominated by non-state-owned companies. Data from the Indonesian Central Securities Depository (KSEI) shows that the issuance of debt securities by non-BUMN companies reached Rp31.82 trillion.

Meanwhile, issuance by state-owned companies in the first quarter of 2022 was IDR 4.21 trillion. Based on the sector, the most multi-finance companies issued debt securities reached Rp9.96 trillion.

Next, the pulp and paper sector issued debt securities worth a total of Rp. 8.25 trillion and construction companies worth Rp. 3.81 trillion.