Friday, August 27, 2010

Bank Panin pick 4 underwriter

PT Bank Pan Indonesia Tbk plans to sell IDR3 trillion of bonds. Bank Panin, as the company is known, named PT CIMB Securities, PT Mandiri Sekuritas, PT Indo Premier Sekurities and
PT Evergreen Capital to manage the sale. The company has proposed the corporate action to bourse.
Bank Panin proposed five-year rupiah senior unsecured bonds an expected rating of AA(idn), and its seven-year rupiah subordinated debt an expected rating of A+(idn) from Fitch.

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