Monday, March 23, 2009

BTN sell IDR1,5 trillion bonds

PT Bank Tabungan Negara, the Indonesian state-owned lender, plans to sell 1.5 trillion rupiah
($130 million) of bonds in June to help repay maturing debt and
fund expansion.
BTN hired PT Trimegah Securities, PT Danareksa Sekuritas and PT Mandiri Sekuritas to help sell the bonds. BTN focuses on housing loans and has a 31 percent share of the market.
The bank has 750 billion rupiah in 12.2 percent notes due to mature in May this year.

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