BII to issue bonds<\/p>\n
JAKARTA (JP): Bank Internasional Indonesia, a private
\ncommercial bank listed on the Jakarta Stock Exchange since 1989,
\nannounced yesterday that it will issue bonds worth Rp 388 billion
\n(US$174 million) to finance housing loans.<\/p>\n
The bank's president, Indra Widjaja, said that the bonds will
\nhave a maturity of five years and carry coupons with a fixed
\ninterest rate of between 18 percent and 18.5 percent per annum
\nfor the first year and, subsequently, a floating rate of 1.75
\npercent above the average rate offered by three state banks and
\nthree major private banks on their six-month deposits.<\/p>\n
The interest will be paid quarterly, he said.<\/p>\n
The bonds, which will be offered to the public between June 5
\nand June 7, will be listed on the parallel capital market in
\nJakarta on June 23.<\/p>\n
Indra said PT Niaga Securities and PT Bhakti Investama will
\nact as underwriters for the bond issuance.<\/p>\n
He said that BII's profit increased to Rp 141.9 billion last
\nyear, from Rp 112.43 billion in 1993, while its assets had risen
\nto Rp 9.32 trillion, as of last December, from Rp 7.13 trillion
\nat the end of 1993. (32)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bii-to-issue-bonds-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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