JAKARTA (TheInsiderStories) – Publicly listed lender, PT Bank Negara Indonesia Tbk (IDX: BBNI), has formed a Euro Medium Term Notes (EMTN) program worth a total of US$2 billion on the Singapore Stock Exchange, said the company on Monday (05/11). The spokeswoman, Meiliana said, the funds will use to increases capital and loans expansion.
She continued, the principal value, interest rate and tenor will be carried out by taking into account the needs of the company and the global situation. Last year, the state-owned lender, considered to issue global bonds $500 million in the first quarter of 2020.
Recently, one of the largest bank in the country, has issued negotiable certificates of deposits with worth of Rp2.39 trillion ($159.33 million) divided in five series. Series A have a nominal value Rp430 billion with tenure three months and discount rate 6.3 percent per annum. Series B with total amount Rp250 billion have a discount rate 6.5 percent and a six month tenure.
Series C with tenure nine months and a discount rate of 6.59 percent worth of Rp50 billion. Series D with a nominal Rp1.6 trillion with one year tenure and a discount rate 6.69 percent. Finally, the Series E was issued with value of Rp50 billion have a discount rate of 6.79 percent and one year tenure.
Early 2019, Bank Negara Indonesia stated its eager to acquire bank, multi finance and general insurance firm in this year. For the actions, the bank prepared funds up to Rp4 trillion.
“Our target is bank and insurance company to complete our vision and mission as a financial institution,” according to the deputy managing director Herry Sidharta on Jan. 23, 2019.
He stated, the acquisition could be done not only through the bank but through the similar subsidiaries. In addition to these two types of company, the lender also intends to buy multi-finance to further expand the scope of existing businesses. Currently, the local bank has five subsidiaries namely PT BNI Syariah, PT BNI Life, PT BNI Multifinance, PT BNI Securities and PT BNI Asset Management.
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