HomeNewsVideos

UOB Indonesia obtained IDR 100 billion in fresh funds through bonds issuance

30 December 2020 13:03

JAKARTA - PT Bank UOB Indonesia obtained funds worth IDR 100 billion from the issuance of Sustainable Bonds II Phase I Year 2019, which was part of UOB Indonesia's Sustainable Public Offering II program with a target of maximum IDR 3 trillion raising funds.

Hendra Gunawan, President Director of UOB Indonesia, explained that IDR 100 billion debt security, that would increase the company's liquidity strength, was offered with a coupon of 8.20% per year.

"Taking into account the adequate and solid liquidity conditions, banks do not raise funds through the issuance of bonds for the next phase until the end of Sustainable Public Offering for Sustainable Bonds II program," said Gunawan in a letter sent to Financial Services Authority (OJK).

On the same occasion, he admitted that currently UOB Indonesia has a prudent and solid liquidity management. This strength, said Gunawan, was indicated by the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) which were above the minimum limit of the OJK.

"This liquidity management includes the management of funding originating from Third Party Funds (DPK) and core capital deposits (tier-1) from shareholders in May 2020, amounting to IDR 2 trillion," said Gunawan. (KR/VA)

© 2024 - IDN Financials - All Rights Reserved.