Bank bjb's Stage II Sustainability Bond Welcomed Positively, Strengthening Sustainable Financing
Bank bjb’s commitment to strengthen sustainable financing has received a positive response from the market, as investor interest in the bank’s Phase II Sustainability Bond—part of the company’s strategy to expand its environmentally and socially focused financing portfolio—remains high. The instrument provides investors with an opportunity to invest responsibly while still earning competitive returns and contributing to sustainable development in Indonesia.
The bonds are part of the Sustainability Bond Public Offering (PUB) by bank bjb, with a total fundraising target of IDR 2 trillion. In the first phase issued in 2024 with a value of IDR 1 trillion, the bonds attracted very strong investor demand, oversubscribed by 4.66 times the initial target.
Continuing that success, in 2026 bank bjb again offered the Stage II Sustainability Bond, with investor demand reaching IDR 932.4 billion. The bookbuilding period ran from 13 February to 2 March 2026.
There are two series: Series A with a tenor of 3 years and an indicative coupon of 5.45%–6.05%, and Series B with a 5-year tenor with an indicative coupon of 5.70%–6.30%.
In terms of credit quality, the bonds have an idAA (Double A) rating from Pefindo, reflecting the issuer’s strong ability to meet long-term financial commitments. The Sustainability Bond framework has also received an “Environmentally Friendly/Sustainable” rating from the independent SDGs Hub at Universitas Indonesia.
To support the bond issuance, 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 and traded widely in the secondary market.
The proceeds from the Sustainability Bond will be used to finance new or refinancing activities within the Environmental Business Activities (KUBL) and Socially Oriented Business Activities (KUBS) categories, in line with POJK Number 18 of 2023 on the issuance and requirements for debt instruments and sukuk based on sustainability.
As part of its commitment, bank bjb continues to grow its sustainable financing portfolio. By December 2025, the sustainable portfolio had reached IDR 14.3 trillion, allocated to a range of sectors, including environmentally friendly business activities, SME financing, and the social sector, which delivers positive impacts for communities.
Beyond financing, sustainability commitments are also embedded in bank bjb’s operations. The bank continues to strengthen its management of greenhouse gas emissions as part of its Net Zero Emission targets. The effort is further reinforced by the bank’s participation in the Indonesia Carbon Exchange, through the purchase of SPE-GRK carbon units as part of its carbon mitigation strategy.
Bank bjb was also one of the banks in the first phase to complete the Climate Risk Stress Test (CRST), a step to integrate climate-change risks into its risk management.
Taken together, 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 business growth aligned with inclusive and sustainable national economic development.