Tuesday, April 14, 2009

Bank Jabar issues IDR2 trillion bonds

PT Bank Jabar Banten plans to issue IDR2 trillion bonds mid this year. Bisnis resource said the company has appointed three underwriters for bond issuance here, namely PT Mandiri Sekuritas, PT Danareksa Sekuritas, and PT Bahana Securities.
Bank Jabar Banten plans to issue the VI series bonds worth IDR2 trillion in semester I/2009 to prop up the funding structure.
Bond issuance is deemed the secured action to boost up the corporate working capital particularly dealing with the productive credit portion expansion up to few years to come.

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