Bank Mandiri Taspen Pos will Issue Bonds and NCD

The company plan to fix its funding structure through bonds and Negotiable Certificate of Deposit (NCD) issues. This strategy is to sustain company’s credit expansion in this year. The company projected to issue bonds on this coming June, worth IDR2trn through 2 series, 3 and 5 years. Fitch’s Rating granted AA on the first issue. The company also plan to issue NCD on this year or during the bonds issuing. Bank Mandiri Taspen Pos has issued Medium-Term Note (MTN) worth IDR350bn with 9.5% interest rates and 370-days tenor on November 2016. During the MTN issuance, Pemeringkat Indonesia (PEFINDO) rated the company at A+.

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