Search This Bitch


Share |

Wednesday, November 24, 2010

Bank Panin bond coupon set at 9% and 10.5%

Irvin Avriano A.
Bisnis Indonesia

Bank Panin bond coupon set at 9% and 10.5%

JAKARTA: PT Bank Pan Indonesia Tbk (Bank Panin) set the conventional bond and subordinate bond coupon at the level of 9% and 10.5% with a total value of the issuance of IDR3 trillion.

In the announcement from PT Kustodian Sentral Efek Indonesia (Indonesian Central Securities Depository) this afternoon indicated the composition of the issuance of debt securities has changed a little, from the initial plan of conventional bonds amounting to IDR500 billion to IDR540 billion.

The subordinated bonds of the bank that coded PNBN amount itself changed to IDR2.46 trillion from the initial plan of IDR2.5 trillion.

Formerly, the bank that owned by Mukmin Ali Gunawan was offering interest rates on the issuance of senior bonds at the level of 8% -9.5% and 9.75% -11% for the subordinated bonds.

Their conventional bonds will mature in 2015, while the subordinated bonds will be issued with a tenor of 7 years. Both will distribute coupons to the investors every 3 months.

The company was assisted in the issuance by PT CIMB Securities Indonesia, PT Evergreen Capital, PT Indo Premier Securities, and PT Mandiri Sekuritas as lead underwriters of the issuance. PT Bank Mandiri Tbk act as the custodian.



Bisnis Online Free Automatic Backlink Investing Blogs - BlogCatalog Blog Directory