PT Bank OCBC NISP Tbk offers 10.75-11.75 percent yields for IDR1 trillion subdebt. the bond is issued without warrant. It has seven years tenure and the yield refers to the SUN FR028 series plus 200-300 basis points premium with quarterly payment.
The subdebt will be used for bolstering capitalization structure for tier II. The subdebt issuance is underwrite by Danareksa Sekuritas, Standard Chartered Securities, and NISP Sekuritas.
Subdebt is effectively scheduled at Bapepam-LK June 21 and then is continued on June 23-24 until the listing at the Indonesia Stock Exchange (IDX) June 30. the book building is done up to June 14.
Subdebt becomes an alternative among banks to boost up capital adequacy ratio. Half of the bond issuance could be used for bank tier II capital so as to increase the CAR of a bank.
Subdebt is effectively scheduled at Bapepam-LK June 21 and then is continued on June 23-24 until the listing at the Indonesia Stock Exchange (IDX) June 30. the book building is done up to June 14.
Subdebt becomes an alternative among banks to boost up capital adequacy ratio. Half of the bond issuance could be used for bank tier II capital so as to increase the CAR of a bank.
The company plan to keep the CAR on the level of 17 percent until end of the year. However, the company credit expansion is projected to grow about 20-30 percent.
Currently, the CAR is on the level of 17 percent and after capital rise, the tier II from the subdebt offering will slightly increase and thus the CAR up to yearend is projected to stay at the same level currently.
Currently, the CAR is on the level of 17 percent and after capital rise, the tier II from the subdebt offering will slightly increase and thus the CAR up to yearend is projected to stay at the same level currently.
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