JAKARTA (Yosefardi) – PT Bank Internasional Indonesia (BII) TBk (BNII) has issued negotiated certificate deposit (NCD) worth Rp635 billion, part of its Rp1.5 trillion NCD issue program for this year.
The NCD will be issued in 3 series with tenor of 247 days (8.7% coupon), 367 days (8.85%), and 549 days (9.15%). BNII has last year issued NCD worth Rp580 billion, to be due in November this year.
NCD has long term maturity and carries an equal coupon rate, compared to deposits instruments which have shorter maturity (one month).
BNII has cut its loan growth target to 11-13% for this year, from previous 15-17%.