PT Bank Tabungan Pensiunan Nasional Tbk picks PT Indo Premier Securities, PT CIMB Securities, dan PT Mandiri Sekuritas to underwrite IDR750 billion bonds
BTPN plans to issue IDR750 billion bonds semester I/2010 for expansion funding. The bond said the bond consists of some tranches with 3-5 years tenures.
Last year, BTPN issued IDR750 billion bonds or raised from the former plan of IDR500 billion due to the oversubscription.
Bond issuance is to support the corporate credit expansion. The company currently has unused credit commitment worth IDR1.5 trillion for credit expansion.
The company targets to have 30 percent credit growth this year as from IDR5.3 trillion last year. BTPN credit last year focused on micro financing or 40 percent and the other 60 percent is for retired persons.
The company also has planned to expand in sharia banking so that the company has three revenue pillars.
Bond issuance is to support the corporate credit expansion. The company currently has unused credit commitment worth IDR1.5 trillion for credit expansion.
The company targets to have 30 percent credit growth this year as from IDR5.3 trillion last year. BTPN credit last year focused on micro financing or 40 percent and the other 60 percent is for retired persons.
The company also has planned to expand in sharia banking so that the company has three revenue pillars.
Net profit of BTPN in 2009 rose 11 percent into IDR420.4 billion as from the former proceeds of IDR378.9 billion. Per December 31, 2009, BTPN served more than 500,000 retired persons and more than 120,000 SME entrepreneurs through 1,030 offices.
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