JAKARTA. PT Bank Commonwealth issued its first bond this year, with a principal value of Rp 1 trillion and a fixed interest rate of 7.50% per year, through the Commonwealth Bank's Bond I/2020 program.
The bonds have been registered at the Indonesian Central Securities Depository (KSEI) with a tenor of 3 years. The public offering period is open from 28-31 August 2020, and the bonds will be listed on the Indonesia Stock Exchange on 4 September 2020.
In issuing these bonds, Bank Commonwealth appointed four securities companies (PT BNI Sekuritas, PT BCA Sekuritas, PT Indo Premier Sekuritas, and PT Mandiri Sekuritas). Meanwhile, PT Bank Mandiri (Persero) Tbk (BMRI) was appointed as the trustee.
Previously, Fitch Ratings Indonesia has given an “AAA” rating for the bonds offered by Bank Commonwealth.
For the record, Commonwealth Bank has an authorized capital of 13 million shares valued at Rp 13 trillion. 99% of PT Bank Commonwealth shares are owned by Commonwealth Bank of Australia. (KR/AR)