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Thursday, February 24, 2011

BII Finance issue IDR225 bio MTN

Irvin Avriano A.

BII Finance issue IDR225 bio MTN

JAKARTA: PT BII Finance Center completed their medium term notes (MTN) issuance totaled IDR225 billion.

The announcement was contained in PT Fitch Ratings Indonesia rating report yesterday due to the completed MTN issuance which divided into two tranches.

The rating that been given is still the same with which Fitch expected on October 14th last year, at AA+(idn). The outlook for the rating is set at stable level.

From previous information, the company already planned the MTN issuance in January. They use service from PT NISP Sekuritas as their IDR150 bio and IDR75 bio MTN issuance arranger.

BII Finance, which led by Alexander, is one of several PT Bank Internasional Indonesia Tbk (BII) subsidiary.

The other subsidiary, PT Wahana Ottomitra Multiartha Tbk (WOM Finance) already complete their bond issuance, while BII will issue a subdebt up to IDR1.5 trillion which tenured 7 years in the foreseeable time.

BII already picks PT Mandiri Sekuritas, PT Bahana Securities, and PT Indo Premier Securities as their lead underwriter in the issuance plan, while PT Bank Mandiri Tbk already appointed as the trustee.



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