Mandiri to issue zero coupon bonds

JAKARTA (TheInsiderStories) – PT Bank Mandiri Tbk (IDX:BMRI) announced its plan to issue bonds, consisting of coupon bond and zero coupon bonds as part of its Sustainable Bond I Phase II 2017. The value of the bonds is yet to be revealed. The bonds proceeds will be used to strengthen the company’s capital structure and support its loan expansion.

Zero coupon bonds will have tenor of 3 years, while coupon bonds will consist of three series – Series A with tenor of 5 years; series B with tenor of 7 years and series C with tenor of ten years. The offering date will be held on June 9-12.

Last year, the company has issued bonds worth Rp5 trillion as part of the Sustainable Bond I Phase I. The company is scheduled to hold public presentation to investors today (May 8). It has ppointed Mandiri Sekuritas, Bahana Sekuritas, BCA Sekuritas, BNI Sekuritas and Danareksa Sekuritas as underwriters of the bonds issue. (*)