Bank Mandiri Issue IDR3.5Trn Bonds

Bank Mandiri, Tbk (BMRI:IJ) plans to issue IDR3.5Trn bonds in 2Q18, consist Of IDR500Bn is subordinated MTN that is currently in book building process and set to receive the proceed by the end of July 2018. The remaining IDR3Trn is the part of shelf-registration bonds and the proceed will be used for long-term credit financing that includes the infrastructure and energy projects. Bank Mandiri aims to push its loan to deposit ratio (LDR) to 91-93% after the issuance.

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