Thursday, November 22, 2007

Bank Panin to Issue IDR4 Trillion Bonds

Having issued IDR1.65 trillion bonds in the first half of the year, PT Bank Pan Indonesia Tbk (Bank Panin) has planned to issue subordinated debt of IDR3 trillion - IDR4 trillion.

My sources knowing the plan said the bonds will be in dollar and rupiah. The bank plans to issue the bonds next year as the market is unfavorable at present.

"The bond issuance is aimed at supporting the plan to acquire other companies as it will lower the bank's capital adequacy ratio. "

No comments: