PT Bank Mandiri Tbk is likely to absorb IDR3.5 trillion proceeds of the subdebt issuance as from the total of IDR3.6 trillion book building. Bank Mandiri subdebt book building is high or has exceeded the IDR3 trillion target.
High investor demand for subdebt is due to the rating and competitive coupon. The subdebt coupon is 11.85 percent.
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