HomeNewsVideos

Seeking IDR 1.25 trillion, Bank Sulselbar to issue bonds of IDR 1.25 trillion

27 December 2021 13:14

JAKARTA. PT Bank Pembangunan Daerah Sulawesi Selatan dan Sulawesi Barat (Bank Sulselbar) releases the Shelf-Registration Bond III Phase I Year 2021 of IDR 1.25 trillion with an interest rate capped at 6.95% per year.

The said bonds will be offered in two series, based on the official release issued by the Indonesian Central Securities Depository (lit. Kustodian Sentral Efek Indonesia/KSEI). Series A will be offered with a face value of IDR 630 billion and a 6.45% annual interest. Meanwhile, Series B will be equipped with a 6.95% interest per year. The tenors would be three and five years, respectively.

The public offering period would last from December 24 to 27, 2021. Then, the electronic distribution of the shares is scheduled for December 29, 2021, followed by the listing on Indonesia Stock Exchange (IDX) on the next day, December 30, 2021.

Bank Sulselbar has appointed three security companies as the underwriters. They are PT BRI Danareksa Sekuritas, PT Indo Premier Sekuritas, and PT Trimegah Sekuritas Indonesia.

According to idnfinancials.com, Bank Sulselbar recorded total assets of IDR 28.47 trillion as of September 30, 2021. Its Financing to Deposit Ratio (FDR) of the company rested at 121.6%, while its net Non-Performing Financing (NPF) rate reportedly reached 2.38%.

The South Sulawesi government is listed as the shareholders of 30.72% of Bank Sulselbar, while the West Sulawesi government owns another 2.38%. The rest of the portion belongs to town and regency governments across the South and West Sulawesi administrative regions. (KR/ZH)

© 2024 - IDN Financials - All Rights Reserved.