JAKARTA. PT Bank CIMB Niaga Tbk (BNGA) has set aside IDR 1.06 trillion in Bank Indonesia to repay the principal of the Series B of its Shelf-Registration Bonds III Phase I Year 2019, which will mature on December 19, 2022.
“The money to pay back the the Series B of its Shelf-Registration Bonds III Phase I Year 2019 has been placed in Bank Indonesia,” Fransiska Oei, Director of Compliance of CIMB Niaga, mentioned in the information disclosure yesterday (27/11).
Oei confirmed that there is no impact of material information or facts towards the operational activities, legal, financial condition, and business sustainability of the company.
The Shelf-Registration Bonds III Phase I Year 2019 of CIMB Niaga has a variation of tenors starting from 370 days, 2, 3, to 5 years. The bondholders will be granted coupon payment every three months. The interest rates are also varied. Series A has an interest rate of 6%-6.75% and a tenor of 370 days, while series B has a tenor of 2 years and 6.50% interest. Meanwhile, series C has a coupon of 7%-7.75% and a tenor of 3 years. Lastly, the holder of the bonds with a 5-year tenor will be granted a coupon of 7.40%-8.15%. (AM/ZH)