ASIATODAY.ID, JAKARTA – PT Bank Negara Indonesia (Persero) Tbk. (BNI) has issued global bonds worth US$ 500 million.
Based on information disclosure, the BBNI global bond issuance was carried out on April 5 2024. The interest on this bond is 5.28% per year referring to the provisions of Regulation S under the US Securities Act. Then, the global bond was listed on the Singapore Stock Exchange on April 8 2024.
Previously, on March 27 2024, BBNI completed market assessment activities (roadshow) and pricing related to the plan to issue senior debt securities and received a positive response from global investors. This is characterized by oversubscription of up to 6.4 times the planned value published during the Initial Pricing Guidance (IPG).
The BNI 2024 global bond is part of the issuance of the euro medium term note (EMTN) program where the company can issue debt securities in stages with a principal amount of up to US$ 2 billion.
“The proceeds from the issuance of BNI 2024 senior debt securities amounting to US$ 500 million with a term of 5 years will be used for financing and general funding purposes for the company,” wrote BNI Management in an information disclosure on Wednesday, April 17 2024.
BNI management also explained that the formation and plan to issue global bonds would have a positive impact on the bank’s financial condition.
Previously, BNI Finance Director Novita Widya Anggraini explained that the aim of this issuance was to diversify funding sources and expand credit in foreign currency.
“As a bank that is active in providing rupiah and foreign currency credit, this global bond issuance will be used to expand foreign currency assets with optimal returns which will have a positive impact on the company’s financial performance,” said Novita in a written statement, on March 31 2024. .
Apart from that, he assessed that the issuance of global bonds was able to increase the company’s capacity to support the development of Indonesian business to and from abroad. (ATN)
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