JAKARTA. PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (Bank BJB) issued Shelf Registration Bonds II phase I/2020 with a total value of Rp 500 billion.
Director of Finance and Risk Management of Bank BJB, Nia Kania said that the bonds consist of two series, series A and series B.
Series A has a total value of Rp 132 billion with a fixed interest rate of 8.6% and a five-year tenor. Bond payments are made in full (bullet payment) at the due date.
Series B has a total value of Rp 368 billion with a fixed interest rate of 9.35% per annum and a seven-year tenor. Bond payments are made in full (bullet payment) at the due date.
Consumer and Retail Director of Bank BJB Suartini added that the proceeds from the bond issuance will be used to strengthen the capital structure and for credit expansion. (AM/AR)