JAKARTA. PT Bank Rakyat Indonesia Tbk (BBRI) will issue Shelf Registration Bonds III phase I with a total value of Rp 5 trillion.
The bond issuance was announced by the Indonesian Central Securities Depository (KSEI) on Thursday (31/10).
The bonds will be offered in three series; Series A, with a principal value of Rp 737.85 billion, a tenor of 370 days and a fixed interest rate of 6.50% per year.
Series B has a principal value of Rp 2.09 trillion, a three-year tenor and an interest rate of 7.60% per year. Finally, series C has a principal value of Rp 2.17 trillion, a 5-year tenor and an interest rate of 7.85% per year.
This bond would be offered from 31 October - 4 November 2019. Allotment will be carried out on 5 November 2019 and the bonds will be listed on the IDX on 8 November 2019.
BRI appointed seven underwriters for the bonds issuance, namely BCA Sekuritas, BNI Sekuritas, Danareksa Sekuritas, Indo Premier Sekuritas, Mandiri Sekuritas, Samuel Sekuritas Indonesia, and Trimegah Sekuritas Indonesia. (AM/AR)