PT Bank Negara Indonesia (Persero) Tbk (BNI) issued senior bonds worth US$ 500 million or around Rp 7.94 trillion (exchange rate of Rp 15,892.85) to strengthen liquidity and funding outside of third party funds (DPK).
Purpose of Issuance:
- Support BNI’s business plan with credit growth of 9-11% in 2024.
- Strengthen foreign exchange lending which promises high profitability.
- Increase BNI’s liquidity which is currently strong with more than Rp 700 trillion in third party funds and 70% CASA composition.
BNI Strategy:
- Focus on transactional services through leading platforms and channels such as mobile banking, cash management system, and office network.
- Strengthen strategy to increase liquidity.
Issuance of Global Bond:
- Roadshow: March 26, 2024
- Pricing: March 27, 2024
- Bond interest: 5.28% per annum
- Oversubscribed: 6.4 times of the planned value issued
- Part of the US$2 billion Euro Medium Term Note (EMTN) program
- Listed on Singapore Exchange Securities Trading
- Arranger and seller: Citigroup and J.P Morgan
- Settlement: April 5, 2024
