JAKARTA (Yosefardi) – PT Bank Bukopin Tbk (BBKP) plans to issue subordinated bonds (subdebt) worth Rp1-2 trillion in the second half of this year, to strengthen its capital structure.
This subdebt will boost BBKP’s capital adequacy ratio (CAR) to 15% from current 14.21%. The bank targets its loan to grow by 15% this year. By end of 2014, BBKP’s outstanding loan totaled Rp55.3 trillion while third party funds reached Rp65.4 trillion.
While PT Bank Rakyat Indonesia (BRI) Tbk (BBRI) mulls to seek loan of US$500 million from 11 banks, used to pay US$500 million debt scheduled to mature in the second half of this year.
BRI also plans to issue bonds worth Rp3 trillion in the second half of this year, part of its Rp12 trillion bond issue program, with tenor of 3 years.
BRI targets its loan to grow by 16.8% to Rp572.8 trillion this year. While third party funds is targeted to grow by 11.5% to Rp669.5 trillion.