JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BBNI) will be issuing Senior Bond of BNI 2024 worth USD 500 million after concluding roadshow and pricing yesterday (26-27/3).

Okki Rushartomo, Corporate Secretary of BBNI, mentioned that the proceeds of said bond will be utilized for financing and corporate general funding needs. "The indicated coupon is 5.28% per annum, as per Regulation S based on US Securities Act listed on Singapore Stock Exchange," he said in the information disclosure quoted Thursday (28/3).

According to Rushartomo, the bond is a part of Euro Medium Term Note (EMTN) program initiated on May 6, 2020, and was amended on March 22, 2021, and March 26, 2024. This program allows companies to issue EMTN of a maximum USD 2 billion. 

Last Monday (26/3), several signed documents regarding this bond issuance include Amended and Restated Deed of Trust, signed alongside Hongkong and Shanghai Banking Corporation (HSBC) Limited as the trustee. Furthermore, there was also Amended and Restated Agent Agreement, signed alongside the trustee, HSBC, also the issuer and payer, transfer agent and registrar, as well as calculating agent. Lastly, another document was Amended and Restated Seller Agreement, signed alongside BNI Securities Pte Ltd, Citigroup Global Markets Limited and JP Morgan Securities PLC, as the arrangers dan seller.

Yesterday (27/3), there were additional signed documents, including purchase order agreement between BNI, as the issuer, with BNI Securities Pte Ltd, Citigroup Global Markets Limited, and JP Morgan Securities Plc, as well as pricing supplement. (LK/ZH)