JAKARTA - PT BPD Jawa Barat dan Banten Tbk (BJBR) will issue Phase I 2020 Shelf Registered Obligation worth Rp 500 billion. Funds from the issuance of these obligations will be used for softening capital (Tier 2) related to credit expansion and increased long-term fundraising.
As quoted from the prospectus published (30/1), BBJB will offer the bonds on February 27-March 2 2020 in Seria A and Series B with a term of five years and seven years, respectively. This bond offering is guaranteed full commitment.
The underwriters of the obligation emissions include PT CIMB Sekuritas Indonesia, PT Mandiri Sekuritas, PT RHB Sekuritas Indonesia, and PT Trimegah Sekuritas Indonesia Tbk (TRIM), while the trustee is PT Bank Mega Tbk (MEGA).
As of August 31, 2019, BJB recorded a total liability of Rp 101.82 trillion. Wherein there were immediately recorded liabilities of Rp 643.88 billion, customer deposits of Rp 27.54 trillion, related party deposits of Rp 59.13 trillion, third party customer deposits of Rp 86.67 trillion, third party sharia customer deposits of Rp 359, 56 billion and customer deposits from related parties Rp 1 million. (LK)