Paying maturing bonds, BRI drew up IDR 925 billion
JAKARTA. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) has prepared the money needed to cover the Series C of the Shelf-Registration Bonds II of BRI Phase II Year 2017 worth IDR 925 billion, which are due April 11, 2022.
In the information disclosure in Indonesia Stock Exchange (IDX) yesterday (21/3), Investment Service Division of BRI claimed that the said fund had been placed as high-quality liquid assets of BBRI. Back on December 1, 2021, BBRI had also channelled out funds to pay the Series C of its Shelf-Registration Bonds II Phase I Year 2016 worth IDR 193 billion.
Several days ago, Sunarso, President Director of BRI, also revealed the plan to distribute cash dividends with a pay-out ratio of 85%, which clocks up to IDR 174.23 per share or IDR 26.4 trillion in total. According to him, that massive amount of dividends is possible due to strong capitalisation structure and optimum liquidity. Thus, even with an 85% pay-out ratio, BBRI’s capital adequacy ratio (CAR) still remained safe at a minimum of 20%. (AM/ZH)