Bank BTPN Offering 2  Series Bonds of IDR1Trn

According to the bond prospectus released this week, Bank Tabungan Pensiunan Nasional, Tbk (BTPN IJ, AAA(idn)/Stable) is offering Shelf Registration Bond III Tranche I that split into 2 series; Series A having 370 days maturity priced at 7.5% and Series B with 3 year maturity priced at 8.0%. The final price for 3 year bond is lower 20bps compared to similar maturity bond offered by Bank Rakyat Indonesia (BBRI, idAAA/Stable) in late May, while the 370 days bond offers similar price. The series A and B have face value of IDR700bn and IDR300bn respectively. The public offering will be held Tuesday (28/06) with the listing date targeted in 11 July 2016.

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