Adrianto, Irene and Bustaman, Yosman (2011) The Analysis of Default Bonds in a Company: Case Study of PT Arpeni Pratama Ocean Line Tbk. Bachelor thesis, Swiss German University.

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Abstract

Bond is one of the debt securities that a company can acquired as a capital debt to support its financial problematic. Despite the fact that there are some requirements that the issuer should be noticed about, which are paying the coupon or the interest payment of the bonds and repaid the principal value of the bond as it is matured. Once the company or the issuer did not pay the coupon on time, there must be any reasons of the lateness of the payment or else the bond could be said default. The research will focus on the PT Arpeni Pratama Ocean Line Tbk as the company or the bond issuer and will be using the company’s financial statements for year 2005 – 2010. Due to the importance of the punctual in payment, lateness of a coupon payment will further affect the company’s performance. The research will be conducted by analyzing the financial data of the company to know the factors of the lateness of the coupon payment and regression analysis to discover relationship between dependent variable and independent variables of the model. This research was proved to be true as the result shows that PT Arpeni Pratama Ocean Line Tbk was having tough years during year 2008 until 2010. During year 2008 until 2010 PT Arpeni Pratama Ocean Line Tbk’s ability to generate cash is declining and it automatically will decrease the net income as well. Then its ability to cover up its interest obligation also declining as it is having a cash shortage. Thus, the probability of the bond becoming default is getting closer because of its ability is weakened.

Item Type:	Thesis (Bachelor)
Uncontrolled Keywords:	Bond; Default Bond; Interest Obligation
Subjects:	H Social Sciences > HG Finance > HG1621 Interest rates H Social Sciences > HG Finance > HG4651 Bonds
Divisions:	Faculty of Business Administration and Communication > Department of Business Administration
Depositing User:	Astuti Kusumaningrum
Date Deposited:	15 Mar 2021 14:44
Last Modified:	15 Mar 2021 14:44
URI:	http://repository.sgu.ac.id/id/eprint/1098

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