Tuesday, May 26, 2009

Panin Bank issues IDR500 billion sub debt

PT Bank Pan Indonesia Tbk (Panin) plans to issue IDR500 billion sub ordination bonds this year.
My resources said four securities companies, Bahana Securities, Danareksa Sekuritas, Evergreen Capital, and Indo Premier Securities, have been appointed by Bank Panin to become the underwriters. "The bond issuance here uses the March finance report," he said.
Currently the company still has debt in the form os the II/2007 conventional bonds worth IDR1.65 trillion matures on June 12, 2010, 2012, and 2014. Besides, it also has the III/2007 bond worth IDR200 billion and II/2008 subordination bond worth DIR1.5 trillion.

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