“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Thursday, February 19, 2009

Danareksa to sell Rp 300 billion of 2-year bonds

The Jakarta Post,  Jakarta | Thu, 02/19/2009 2:10 PM  

State investment company PT Danareksa plans to issue Rp 300 billion (US$25 million) worth of two-year bonds next month. 

In its announcement Wednesday, the bond would have a two-year maturity period with the offering to start between March 6 and 17, and a minimum order of Rp 5 million. 

The bond, which will have a fixed interest rate, is scheduled for a listing on the Indonesia Stock Exchange on April 15. 

Proceeds from the bond are aimed entirely at strengthening the company's working capital. 

Danareksa has appointed its unit Danareksa Securities as underwriter of the bond and Bank Mega as custodian. 

During the first nine months of last year, the company booked total revenue of Rp 263.4 billion and a good net profit of Rp 129.1 billion. 

Danareksa recorded a revenue of Rp 505.8 billion and a net profit of Rp 56.1 billion in 2007 as against Rp 334 billion of revenue and a Rp 98.4 billion net profit in 2006. 

The company assets worth of Rp 3,3 trillion as of 2007, up by 53 percent from 2,15 trillion in 2006. 

Danareksa has said earlier it is targeting to underwrite bond issues worth between Rp 5 trillion and Rp 7 trillion during the first semester of the year. 

The bonds will be issued by state power company PT Perusahaan Listrik Negara, and state lender Bank Tabungan Negara. 

Aside from Danareksa Securities, the company also has four other subsidiaries including PT Danareksa Investment management, PT Danareksa Finance, PT Danareksa Futures, and PT Danareksa B.V. 

Late last year, State Minister for State Enterprises Sofyan Djalil said the government was considering Danareksa should become the holding company for banks in which the government had a majority share. 

Under the central bank's single presence policy, an investor, either from the public or private sector, is not allowed to own a majority stake in more than one bank. Those controlling stakes in more than one bank must merge their banks, conduct an acquisition or establish a holding company at the latest by 2010.

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