Bank BJB (BJBR) Set to Issue Jumbo Bond Worth Rp932.41 Billion

Jakarta – PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (BJBR) or Bank BJB plans to raise funds from the bond market through the issuance of Bank BJB’s Sustainability Bond Series I, Phase II 2026, with a principal amount of Rp932.41 billion. This corporate action forms part of the company's funding strategy to strengthen liquidity and support future business expansion. In the prospectus released on Thursday 5 March 2025, the bonds will be issued in two series: Series A and Series B. All bonds will be offered at 100 percent of face value and issued in dematerialised form, except for the Jumbo Certificates which are registered in the name of the Indonesia Central Securities Depository (KSEI). Series A has an offer value of Rp691.34 billion with a fixed coupon of 6.00 percent per year and a tenor of three years from the issue date. Series B is offered at Rp241.07 billion with a fixed coupon of 6.25 percent per year and a five-year term. Both bonds use a bullet payment at maturity. In terms of credit quality, the bonds have been rated idAA by PEFINDO, reflecting the issuer's strong ability to meet its long-term financial obligations.