JAKARTA – PT KB Bank Bukopin Tbk (BBKP) would issue Shelf-Registration Bond I Phase I 2021 and Subordinated Shelf-Registration Bond III Phase I 2021 of IDR 1 trillion each from September 2 to 6, 2021.
In the short prospectus quoted today (13/8), both the bond and subordinated bond would be issued in two series, A and B. Series A’s would have tenors of three and five years, respectively, while Series B bonds have five-year and seven-year tenors. Each bond would be offered with a price of 100% of its face value. Then, the interest payment would be made every three months.
The proceeds would be utilised to expand the credit channelling and strengthen the bank’s capital structure. The credits include the ones for micro, small, and medium enterprises (SMEs), consumer credit, house ownership credit, and vehicle ownership credit. Furthermore, as of April 2021, the distributed credits and financing/sharia accounts receivables have amounted to IDR 55.17 trillion. Meanwhile, the capital as of December 2020 reached IDR 6.95 trillion, comprising the core capital of IDR 5.48 trillion and supporting capitals of IDR 1.46 trillion.
PT Fitch Ratings Indonesia has granted “AAA(idn)” for the Bond and “AA(idn)” for the Subordinated Bond. The underwriters for this bonds’ issuance include PT Korea Investment & Sekuritas Indonesia, PT Mandiri Sekuritas, and PT Indo Premier Sekuritas. (LK/ZH)