BTN Bank’s first phase of sustainable bonds of the year 2020 successfully recorded demand 1.8 times higher (overbought) in the book building period held on July 10-23, 2020.
This additional demand is a positive sign for Bank BTN in the midst of the Kovid-19 pandemic. Offer returns & Ampere.
BTN Bank recorded that the incoming bids amount to 2.78 trillion rupees and turnover with an initial value of 1.5 trillion rupees.
“Amidst this pandemic, the bank is a positive sign for BTN as it proves that investor confidence in our business performance remains high,” BTN Bank’s Finance and Planning Director Nixpi LP Netipulu said Thursday in Jakarta. Explanation (8 132/2020).
Banks are presented in the BTN Phase I 2020 Sustainable Bond 3 Series. Nixon gave Series A a period of 370 days with 6.75% Rs. With coupon 577 billion, Series B for 3 years 7.80% Rs. 727 billion with Series C 8.40% Rp. 196 billion coupons.
The public offering of the scheme will be on August 13, 2020. The BTN Bank Standing Bond Phase 1 2020 will also be listed on the Indonesia Stock Exchange and will be listed on the secondary market on August 24, 2020.
Later, according to Nixon, the new money raised from these bonds will be used to expand housing finance.
“This is of course in line with our efforts to support the government’s One Million Homes Program, which aims to provide affordable and affordable housing for Indonesians,” Nixon said.
To support this resignation, Bank BTN has hired four underwriters, such as Mandiri Securitas, Danrexa Securitas, Indopremier Securitas, and CIMB Niaga Securitas. The bond is rated AA + (Double A Plus) from PT Pemeringcat Effac Indonesia (Pfindo).