Bank BJB's Phase II Sustainability Bond Receives Positive Investor Response
INFO BISNIS – Bank bjb’s commitment to strengthening sustainable financing has again received a positive response from the market. This is reflected in the high investor interest in Bank bjb’s Phase II Sustainability Bond, which forms part of the company’s strategy to broaden its portfolio of environmentally and socially conscious financing.
These notes offer investors the opportunity to invest responsibly while earning a competitive return and contributing to sustainable development in Indonesia.
The bonds are part of Bank bjb’s Sustainability Bond Programme, a Public Offering for Sustainable Bonds (PUB) with a total target fund of Rp2 trillion. In the first phase issued in 2024 with Rp1 trillion, investor interest was very high with an oversubscription of up to 4.66 times the initial target.
Continuing the success, in 2026 Bank bjb again offers Phase II with investor demand reaching Rp932.4 billion. The bookbuilding period runs from 13 February to 2 March 2026 with two series: Series A, 3-year tenor, indicative coupon 5.45–6.05%; and Series B, 5-year tenor, indicative coupon 5.70–6.30%.
This demonstrates strong investor confidence in Bank bjb’s performance and future business prospects. The credit quality of the notes has been rated idAA (Double A) by Pefindo, reflecting the company’s very strong ability to meet its long-term financial obligations.
Bank bjb’s Sustainability Bond framework has also received an Environmentally Friendly/Sustainable rating from the independent SDGs Hub at Universitas Indonesia. To support the issue, Bank bjb has engaged five leading underwriters: PT Mandiri Sekuritas, PT Indo Premier Sekuritas, PT Mega Capital Sekuritas, PT BRI Danareksa Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. The bonds will be listed on the Indonesia Stock Exchange (IDX) and traded on the wider secondary market.
The proceeds will be used to support new or refinancing activities within Environmental Sustainability – and Social – oriented business activities (KUBL and KUBS), in accordance with POJK No. 18 of 2023 on the issuance and requirements for debt securities and sukuk with a sustainability basis.
As part of its commitments, Bank bjb continues to grow its sustainable financing portfolio. By December 2025, Bank bjb’s Sustainable Portfolio had reached Rp14.3 trillion, channelled to various sectors including environmentally focused business activities, SME financing, and the social sector delivering positive impacts for communities.
Beyond financing, Bank bjb’s sustainability commitments are also embedded in its operations. The company continues to strengthen greenhouse gas emissions management as part of its journey toward Net Zero Emissions. This effort is reinforced through participation in the Indonesia Carbon Exchange by purchasing SPE-GRK carbon units as part of its emissions mitigation strategy. Bank bjb was also among the banks in the first phase to complete the Climate Risk Stress Test (CRST), a step to integrate climate risk into its risk management.
These strategic steps reinforce Bank bjb’s position as a financial institution that consistently integrates Environmental, Social, and Governance (ESG) principles into its business strategy. Through the development of a sustainable financing portfolio, Bank bjb is optimistic about driving growth in line with the nation’s inclusive and sustainable economic development.