Bank Saudara to offer $22.6M in bonds forf loans expansion

Bank Himpunan Saudara will issue two series of bonds worth Rp 200 billion or $22.6 million to help finance its loans expansion.

One of the bonds mature in two years while the other comes due in three years.

The bonds have received a triple B plus rating with stable outlook by state-owned credit rating agency Pefindo.

The offering period is set for Nov. 29 and 30 and the planned listing on the Indonesia Stock Exchange is on Dec. 6.

Last year the bank put its rights issue on hold because of market uncertainty. Farid Rahman, president director of Bank Saudara, said in March that the bank aimed to increase its capital adequacy ration to 22.9 percent from 19.7 percent.

For the source of this story, click here.

Also Read

Malaysia's private sector credit grows 5.4% in April

Hong Kong mortgage loans drawdown rises by 9.9%

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia