JAKARTA (Yosefardi) – PT Bank Bukopin Tbk (BBKP) plans to issue subordinated bonds (subdebt) worth Rp1, part of its Rp2 trillion subdebt issue program, to strengthen its capital structure.
The book building starts today and will last in June 10, 2015. The offering is scheduled for June 24-25, 2015. Danareksa Sekuritas acts as underwriter for the subdebt.
BBKP booked net profit of Rp198.78 billion in the first quarter of 2015, declined 19% from Rp246.3 billion in the same period of 2014. Net interest income fell 3.8% to Rp606 billion.
Its assets reached Rp81.5 trillion of which loan accounted for Rp54.4 trillion. The bank’s liability was Rp74.4 trillion with third party funds amounting Rp68 trillion.