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Bank Jabar to issue Rp 248 trillion in bond

30 September 2019 15:04

JAKARTA - PT BPD Jawa Barat dan Banten Tbk (BJBR) will issue Shelf-Registered Bond I Phase III 2019 with a value of Rp 248 billion. The bond is offered in three series, namely A, B, and C, with each offered at 100% of the bond's principal amount.

Based on the company's information disclosure, series A is offered at Rp 66 billion with an interest rate of 8.25% per year and a three-year tenor, while series B is offered at Rp 108 billion with an interest rate of 8.50% per year and a five-year tenor, and series C is offered at Rp 74 billion with an interest rate of 8.75% per year and a seven-year tenor. The proceeds from this bond issuance will be used to expand the bank's loans to debtors.

The bond's public offering period will take place from October 11 to 15, 2019 and Pefindo has awarded BJBR with an idAA- rating for the planned issuance. PT BCA Sekuritas, PT CGS-CIMB Sekuritas Indonesia, PT RHB Sekuritas Indonesia, and PT Sucor Sekuritas will act as underwriters while PT Bank Mega Tbk will act as a trustee. (LK/MS)

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