JAKARTA (Yosefardi) – PT Bank Pan Indonesia (Panin) Tbk (PNBN) is ready to pay its bond scheduled to mature this year amounting Rp1 trillion.
The bond debt consists of Rp200 billion bond issued in 2007 (due in June 19, 2014) and Rp800 billion bond issued in 2009 (due in October 6, 2014).
The bank has option to fund the bond debt payment through internal cash and refinancing, still looking at the market development.
PNBN recorded total liability of Rp133.76 trillion as of September, 2013, of which subordinated bond accounted for Rp4.428 trillion and notes issue totaled Rp4.81 trillion.
The bank booked net profit of Rp1.92 trillion in first nine months of 2013 on net interest income of Rp13.18 trillion. In the same period of 2012, it booked net profit of Rp1.857 trillion on net interest income of Rp123.76 trillion.