BTPN pricing bonds at 9.25% & 9.9%

PT Bank Tabungan Pensiunan Nasional Tbk pricing coupon bond IDR500 billion at at 9.25% and 9.9%. The company pricing bonds series A with tenure three years at 9.25% compared from the original offer by 8.9% to 9.6%.

BTPN pricing the bond tranche B with a tenure of 5 years at 9.9% compared to the range of offer of 9.5% to 10.2%. The company issues bonds series A at amount IDR165 billion and series B for IDR335 billion.

The issuance is part of BTPN's unsecured senior debt program of up to Rp2.5 trillion, which is expected to be issued within the two years.

The bonds proceeds will be used for suppoting loan expansion.Fitch Ratings had assigned a National Rating of 'AA-(idn)' to BTPN's. The company picks PT Danareksa Sekuritas, PT Indo Premier Securities and PT Standard Chartered Securities Indonesia as a underwriter.