JAKARTA (Yosefardi) – Indonesia Eximbank plans to issue bonds and seek bank loan with total value of Rp10.78 trillion this month, to finance its export credit.
The syndicated loan will amount Rp6.78 trillion, or US$600 million. Within next 3 years, the bank targets to raise Rp24trillion through issuing bonds, or Rp8 trillion per year.
The bank has appointed Standard Chartered Securities, Indopremier Securities, HSBC Securities, and CIMB Niaga Securities as underwriters for the bond issue.
Eximbank booked net profit of Rp285.2 billion in first quarter of this year, jumped 120% from Rp129.3 billion in the same period of last year.