JAKARTA: PT Prakarsa Semesta Alama, the developer of Essence Darmawangsa apartment issued IDR54 billion medium term notes (MTN).The company appointed PT BNI Securities as the arranger of such MTN1/2011 issuance.As contained in the data of PT Kustodian Sentral Efek Indonesia (KSEI), this MTN was issued on 7 July 2011 and matures in 7 January 2013 or having 18 months tenors with fixed rate.The first interest payment will be conducted on 7 October and further settled once in every three months, said Head of Custodian Service Division at KSEI, Gusrinaldi Akhyar.It has 18 month tenors and matures in January 2013, he said in KSEIs official statement yesterday.BNI Securities has only arranged the MTN issuance of Prakarsa Semesta Alam and yet to involve in the MTN issuance of other companies, said Head of BNI Securities Investment Banking Division Niki Joenus.We have only handled the MTN issuance of Prakarsa Semesta. We neither have any plan to serve as underwriter nor involve in any bond issuance, said Niki.Niki said that the proceeds will be used to back the capital expenditure in realizing business expansion.BNI Securities is yet to know the total value of Prakarsa Semestas MTN issuance.Prakarsa is the developer of residential and commercial products, for instance the 5.3 hectare Essence on Darmawangsa in Kebayoran Baru, employing resort concept. .On the other side, BNI Securities in fact still has IDR300 billion debt maturities from the issuance of bonds I/2007 on 10 May 2012.Separately, BNI Securities President Director Jimmy Nyo said that the company will settle such debt maturities using internal cash as it has not had any plan to issue bond this year.Secures licenseJimmy said that BNI Securities subsidiary, PT BNI Asset Management has secured operating license to serve as investment manager from Capital Market and Financial Institution Watchdog (Bapepam-LK) on 7 July 2011.BNI Asset Management was established after the spin-off from BNI Securities.Regulator gave the operating license after considering the letter of BNI Asset Management on 5 May 2011.The letter contains a request to operate as investment management company.Based on Bisniss data, the candidate of BNI Asset Managements directors and commissioner have followed fit and proper test as obliged by the regulator.BNI Securities channeled IDR40 billion as paid in capital. (t02/msw)

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