PT Bank Permata Tbk pricing coupon of the subdebt at three months SBI interest plus 2.75 percent per month.
Bank Permata to issue Unsecured Subordinated Medium Term Notes worth IDR700 billion with 10 years tenured and absorbed by Standard Chartered Bank (Stanchart). The signing of deal was executed on March 8, 2010.
Stanchart is the major shareholders with current ownership of 44.51 percent Permata shares. Meanwhile PT Astra International Tbk owns 44.51 percent and public 10.99 percent.
Last year Bank Permata issued US$100 million subdebts with 9.75 percent coupon with 12 years tenure and call option in the seventh years.
Bank Permata last year recorded 5 percent soaring profit into IDR486 billion as from IDR461 billion in previous year. The credit grew about 18 percent into IDR41.2 trillion as from IDR34.85 trillion.
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