Bank BRI Issue Bond for Robust Expansion
Bank Rakyat Indonesia, Tbk (BBRI IJ) will issue and offer the Bank BRI II Phase II Year 2017 Self Registration Bonds, with a total amount of IDR5.1trn and such bonds was registered into KSEI’s collective custody by Bank Rakyat Indonesia (Persero) Tbk for Public Offering. The bonds issued in four series: the A series worth IDR1.13trn with coupon 7.2% and tenor 370-days, B series worth IDR1.74trn with coupon 8.1% and tenor 3-years, C series worth IDR925bn with coupon 8.3% and tenor 5-years, and D series worth IDR1.3trn with coupon 8.8% and tenor 10-years.
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Meanwhile, these bond offering period between 5-6 April 2017, fixed allotment 7 April 2017, and will be listed in the Indonesia Stock Exchange on 12 April 2017. For the record, BRI plans to spend around IDR5trn in capital expenditure this year, a 11% increase from last year’s allocation, mostly to strengthen its subsidiaries, namely Bank BRI Agro, Bank BRI Syariah, BRI Remittance, BRI Multifinance Indonesia and Asuransi Jiwa Bringin Jiwa Sejahtera (BRI Life). Credit rating agencies have awarded BRI with high investment-grade ratings, such as AAA from Fitch ratings agency, BB+ from Standard & Poor’s, Baa3 from Moody’s Investor Service and AAA from Pemeringkat Efek Indonesia (Pefindo).
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