JAKARTA (Yosefardi) – PT Bank Bukopin Tbk (BBKP) plans to issue subordinated bonds (subdebt) worth Rp400 billion, part of its Rp2 trillion subdebt issue program, to strengthen its capital structure.
The offering is scheduled for June 25, 2015. Danareksa Sekuritas acts as underwriter for the subdebt.
At as March 2015, BBKP 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.