BTN to Issue US$140 Billion Bonds

Sumber :

VIVAnews - State-owned bank PT Bank Tabungan Negara will issue bond valuing to Rp 1.5 trillion (US$140.2 billion) within three tranches: three years, four years and five years. The public expose of the BTN's bonds will be set up by Thursday, April 23.

According to BTN President Director Iqbal Latanro, BTN has signed an agreement with certain support institutions. The appointed undertakers include PT Danareksa Sekuritas, PT Mandiri Sekuritas and PT Trimegah Securities Tbk. The bonds will be offered to market in May 2009.

In addition to the Rp 1.5 trillion bonds, BTN will this year gain asset securitization by Rp 500 billion, making BTN to acquire possible IPO fund of around Rp 2 trillion.

The fund will be utilized for growing housing loans.

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Translated by: Bonardo Maulana Wahono