JAKARTA. PT Bank UOB Indonesia (BBIA) will issue Shelf-Registered Subordinated Bonds III Phase I Year 2022 with a maximum face value of IDR 100 billion.
The said bonds will be a part of the bigger Public Offering of Shelf-Registered Bonds III program of Bank UOB Indonesia, targeting to collect IDR 2 trillion in total. For the record, the tenor offered for these upcoming bonds is seven years since the emission date.
The public offering period of said Bonds Phase I Year 2022 of Bank UOB Indonesia is scheduled for March 1-2, 2022. The electronic distribution of the bonds will take place on March 8, 2022, followed by the listing on Indonesia Stock Exchange on March 9, 2022.
In the previously released prospectus, the management of Bank UOB Indonesia plans to utilise the proceeds of the bond issuance to strengthen its capitalisation. It includes the capital needed to support the development of productive assets, such as credit channelling and liquid securities placement.
BBIA has appointed PT Indo Premier Sekuritas and PT UOB Kay Hian Sekuritas as the underwriters. Meanwhile, PT Bank Mandiri (Persero) Tbk (BMRI) will act as the trustee. It is worth mentioning that Bank UOB Indonesia has received an “AA(idn)” rating from Fitch Ratings Indonesia for the said bonds to be issued. (KR/ZH)