Mandiri Sekuritas continues to strengthen its position as a leader in Indonesia’s capital market industry by strategically expanding throughout the region. Today, Mandiri Sekuritas officially introduced Mandiri Securities Pte Ltd (Mandiri Securities Singapore), a new subsidiary that is part of Indonesia's largest financial institution. In early 2017, Mandiri Sekuritas was awarded Jasa Pasar Modal (Capital Markets Services) license from Monetary Authority of Singapore (MAS), which are Deal in Securities (Bond & Equities) and Advise on Corporate Finance. With the new subsidiary Mandiri Securities Singapore, Mandiri Sekuritas become the only investment bank in Indonesia with licenses and capabilities to conduct capital market business in Singapore that includes handling international bond issuance of G3 (bonds with three global currencies of US Dollar, Yen and Euro).
President Director of Mandiri Sekuritas, Silvano Rumantir states that, "Mandiri Sekuritas will continue to expand its core business by looking at opportunities in the capital market industry, not only domestically but also regionally. It is our long-term strategic goal to make sure Mandiri Securities Singapore takes on a larger role and be present in the region.” Managing Director of Mandiri Sekuritas, Laksono Widodo said, "Singapore is one of the prime international business hubs with a large potential market for Mandiri Sekuritas to expand its distribution. Going forward, Mandiri Securities Singapore will partner up with the Government and Corporations who seeks funds for international capital markets.” CEO of Mandiri Securities Singapore Asad Haque said, "Mandiri Securities Singapore is ready to conduct business. We see unique potentials in creating synergy, because Bank Mandiri Group has great reputations and close relationship with the Government and large corporate clients. We are confident that Mandiri Securities Singapore have all the advantages to actively encourage companies in Indonesia to explore international markets, and to contribute to the growth and development of businesses in Indonesia.”
In March 2017, Mandiri Securities Singapore successfully completed its mandate as Joint Lead Manager & Bookrunner for issuing Global Sukuk Republik Indonesia. Global Sukuk that is worth a total US $ 3 billion with 5 and 10 years tenor was welcomed by the international market who noticed the demand of up to US $ 10.9 billion with negative predicate of the new premium. Proud to say, this initial transaction by Mandiri Securities Singapore is issued by the Government.
Furthermore, in April 2017 Mandiri Securities Singapore has successfully issued the first US Dollar corporate bonds from PT Saka Energi Indonesia. The 7-years transaction of US$ 625 Million was recorded with a demand of up to 7 times and compression of 42.5 points from the premium price.
“We understand there is still a lot to be done, but it is a great start for Mandiri Securities Singapore. We are very optimistic to continue improving our regional business with promising pipeline,” concluded Asad.
