BNI claims to issue bonds of IDR 7.2 trillion. BNI claims 4.4 times excess customers. The high interest of global investors in debt issuance is reflected in the inflow of $2.2 billion or excess customers of up to 4.4 times the issued value.
BNI claims to issue bonds of IDR 7.2 trillion. PT Bank Negara Indonesia (Persero) Tbk. Recognizing that the 2022 edition of BNI Tier 2 Capital Bonds of $500 million was very well received by global investors.
“This is shown by the incoming desire of $ 2.2 billion or excessive desire (excess customers) up to 4.4 times the publicity value,” said Novita Widya Anggraini, BNI Finance Director, Thursday (15/3/2022). .
Novita announced that the positive response from several investors, considering the difficult economic situation due to the epidemic, illustrates confidence in the company’s performance.
“The high desire of global investors shows that foreign investors’ confidence in the company is quite good, considering the company’s performance and tactics in the midst of the current epidemic, and global investors’ confidence in the process of improving the economy,” said Novita.
As reported, on March 23, 2022, BNI stopped its roadshow and pricing activities related to the issuance of US dollar-denominated debt of $500 million (equal to Rs 7.2 trillion) subordinated to notes.
The bonds were issued with an interest rate of 3.75% per annum for a period of 5 years. This issue is expected to be resolved by March 30, 2022.
The composition of the subordinate level 2 Notes are decided in accordance with the Provisions on Financial Services Authority Number 11 / POJK.03 / 2022 concerning Minimum Capital Procurement Requirements for Commercial Banks (latest replaced with Provisions No. Financial Services Authority) / 2022 regarding changes to the provisions of Financial Services Authority number 11 / POJK .03/2022 concerning Minimum Capital Procurement Requirements for Commercial Banks),
and Leaflet Number 20 / SEOJK.03 / 2022 concerning Minimum Capital Procurement Requirements for Commercial Banks) and Leaflet Number 20 / SEOJK.03 / 2022 Financial Services Authority relating to character change to Common Stock or Amortization of Tier 1 Companion Instruments and Additional Capital.
At the time of issuing Tier 2 Subordinated Bonds as the first edition of BNI in the Euro Media Termin Notes (EMTN) program, which was built on May 6, 2022 and extended on March 22, 2022.
The company can gradually issue bonds with an advance value of up to $ 2 billion. Novita explained that the issuance of bonds would strengthen the funding structure with relatively constant capital or perhaps not constant.
“The proceeds from the debt issuance will be used for corporate funding and funding purposes in general in order to further strengthen the company’s current strong financial status.
On the other hand, debt issuance provides investment opportunities for investors in international markets who wish to invest in Indonesia. Indonesian corporate financial instruments. Novita said.
The international rating agency Moody’s ranks the bonds that will be circulated by BNI with a rating of Ba2 and a ranking of Fitch BB. For the issuance of this opportunity, BNI appointed Citigroup and HSBC as Join Global Coordinator and Join Bookrunners.
