Tuesday, March 15, 2011

BTN picks 3 underwriter

PT Bank Tabungan Negara Tbk, Indonesian's mortgage loan provider, picks PT Danareksa Sekuritas, PT CIMB Securities Indonesia, and PT Bahana Securities to underwrite IDR2 trilion bonds issuance.
BTN posted net profit of IDR805 billion compare with previous year IDR490.45 bilion. The company expects its net profit to jump by up 50 percent this year. The bank is in talks with several middle-eastern investors to develop sharia unit.

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