JAKARTA (Yosefardi)- PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) has this morning kicked off its bond issue worth Rp3 trillion, part of its Rp12 trillion bond issue program for 3 years period.
The bond will be issued in three series with tenor of 370 days, 3 years, and 5 years. Acting as underwriters are PT Bahana Securities, PT Danareksa Sekuritas, PT Indo Premier Securities, and PT Standard Chartered Securities Indonesia.
The book building starts today and will last in June 12, 2015. The offering is scheduled for June 26-29, 2015.
BBRI needs fresh funds to support its loan expansion of 15% this year along with the expected improving market condition and demand.