PT Bank Rakyat Indonesia Tbk plans to issues subordinated bonds IDR3 trilion-IDR5 trilion. Ahmad Baiquni, BRI's director, said the subdebt issuance plan consider to market situation. "We have plan to drive anorganik growth. If we need fund to acquire others entity, BRI will issue subdebt."
The subdebt here serves as an alternative for bank to boost up the CAR. Half of the bonds issuance proceeds will be allotted to second tier so the CAR of a bank could be bolstered.The sub debt has the equal rights (paripasu) with all the existing and the would-be sub debts.But the bonds have junior claim if compared to the deposit obligation claim and other claims owned by bank, except there is obligation of certain terms and conditions with the same or junior claim as the sub debt.
BRI was purchased 3.03 billion shares on PT Bank Agro Niaga Tbk representing 88.65% of floating shares. The transaction made through negotiation market at a price of IDR109 per share, a 22.69% discount from yesterday's close of IDR141, or IDR330.3 billion in total.
No comments:
Post a Comment