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Bank BTN aims to obtain Rp 3.5 trillion of funding

19 August 2019 17:52

JAKARTA. PT Bank Tabungan Negara (Persero) Tbk (BBTN) is preparing new funding of around Rp 6.5 trillion, in the form of bilateral loans worth Rp 3 trillion and global bonds worth around US$ 250 million (around Rp 3.5 trillion).

Nixon L. P. Napitupulu, Director of BBTN, said that the funds obtained from the bilateral loans and global bonds will be used to improve the company's capital structure. "That is in order to support the CAR (Capital Adequacy Ratio), so that it will fall after the implementation of PSAK (Statement of Financial Accounting Standards) 71," said Napitupulu on Monday (19/8) today.

Napitupulu aims to obtain a loan of Rp 3 trillion before the end of the year. He could not yet mention the institutions involved in bilateral funding. "This is still under discussion," explained Napitupulu.

Meanwhile, the global bond issuance plan is still in the due diligence stage with underwriters. The global bonds will later be offered in Asian markets to Europe. (KR/AR)

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