Bank bjb Records Rp932.4 Billion in Demand for Sustainability Bond II
Jakarta - PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (bank bjb) is offering its second Sustainability Bond with investor demand reaching Rp932.4 billion, demonstrating high confidence in the bank’s performance and business prospects.
The bookbuilding period runs from 13 February to 2 March 2026, offering two series options: Series A with a 3-year tenor and indicative coupon of 5.45 per cent to 6.05 per cent, and Series B with a 5-year tenor and indicative coupon of 5.70 per cent to 6.30 per cent.
Bank bjb’s Corporate Secretary, Herfinia, explained that this instrument provides investors with the opportunity to invest responsibly whilst obtaining competitive returns, whilst contributing to sustainable development in Indonesia.
The bonds form part of bank bjb’s Sustainability Bond Continuous Public Offering (CPO) with a total target of Rp2 trillion. The first phase, issued in 2024 with a value of Rp1 trillion, recorded strong investor interest with an oversubscription rate of 4.66 times the initial target.
In terms of credit quality, the bonds have received an idAA (Double A) rating from Pefindo, reflecting the company’s very strong ability to meet its long-term financial commitments. The bank’s Sustainability Bond framework has also received an “Environmentally Friendly/Sustainable” assessment from SDGs Hub at the University of Indonesia.
Bank bjb has partnered with five leading underwriting companies: PT Mandiri Sekuritas, PT Indo Premier Sekuritas, PT Mega Capital Sekuritas, PT BRI Danareksa Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. The bonds will subsequently be listed on the Indonesia Stock Exchange for broad trading in the secondary market.
All proceeds from this Sustainability Bond issuance will support new and refinancing activities classified as Environmentally Sound Business Activities (KUBL) and Socially Sound Business Activities (KUBS), in accordance with Financial Services Authority Regulation Number 18 of 2023 on the issuance and requirements of debt securities and sustainability-based sukuk.
As of December 2025, bank bjb’s sustainable portfolio has reached Rp14.3 trillion, channelled to various sectors including environmentally conscious business activities, MSME financing, and social sectors with positive community impact. Beyond financing, the bank is strengthening its management of greenhouse gas emissions towards a Net Zero Emission target, including participation in the Indonesia Carbon Exchange through the purchase of carbon units as part of its carbon emissions mitigation strategy.
Bank bjb was among the first-phase banks to complete Climate Risk Stress Testing (CRST), integrating climate change risks into its enterprise risk management. These strategic initiatives affirm bank bjb’s position as a financial institution consistently integrating Environmental, Social, and Governance (ESG) principles into its business strategy. Through sustainable financing portfolio development, bank bjb is optimistic about driving business growth aligned with inclusive and sustainable national economic development.