JAKARTA (Indonesia Today) – PT Bank CIMB Niaga Tbk (BNGA) announces on prospectus today it plans to issue bond worth Rp2 trillion next month.
The issue is the first phase of BNGA’s bond program worth Rp8 trillion.
The bond will be issued in 2 series; series A with tenor of 3 years and series B that with tenor of 5 years.
Indonesia rating Pefindo has rated idAAA for the bond while PT Fitch Ratings Indonesia has rated AAA (idn) for the bond.
PT CIMB Securities Indonesia will act as underwriter for the bond.
The preoffering is scheduled for September 25-October 9, 2012 while the offering is set for October 23-24, 2012. Listing at stock exchange is targeted for October 31, 2012.
The bond proceeds will be used to support the bank’s loan expansion. As of May 31, 2012, the bank’s liability totaled Rp159.64 trillion. (hans@theindonesiatoday.com)