JAKARTA (Yosefardi) – State-owned PT Bank Negara Indonesia (BNI) Tbk (BBNI) and flag carrier PT Garuda Indonesia Tbk (GIAA) had on Wednesday (June 25) aggreed on hedging transaction, by cross currency swap, for Rp500 billion loan for 3 years period.
Garuda needs to hedge its rupiah loan as it earns in US dollar denomination. This hedging of loan will help the airline mitigate the miss match due to current fluctuation of rupiah-dollar currencies.
Meanwhile Bank Tabungan Negara Tbk (BBTN) postpones its plan to issue bonds worth Rp2 trillion and collective
investment contract with asset-backed security scheme (KIK-EBA) worth Rp1.5 trillion until the event of presidential election.