Indonesian Eximbank (Lembaga Pembiayaan Ekspor Indonesia/LPEI) offering US$300 million global bonds with maturities five year. The issuance bonds under euro medium term notes (EMTN) programme worth US$1.5 billion.
The lender named Bank of Tokyo-Mitsubishi UFJ, HSBC, and Standard Chartered as a underwriter. Indonesia Eximbank also plans to issues IDR3.5 trilion bonds in the second half of the year. The bonds will have maturities of one, three, five, seven, and 10 year.
Indonesia Eximbank is 100 percent owned by the Indonesian government
through the Ministry of Finance. The bank is rated Baa3 by Moody’s and
BBB- by Fitch, which is the same as the Indonesian sovereign, as the
bank is expected to receive a high level of state support if needed.
Indonesia Eximbank has a policy role to promote and provide financing
for Indonesian exports. The company started operations in September 2009 and at
that time its predecessor, Bank Ekspor Indonesia, transferred all its
assets, liabilities and obligations to the bank.
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