Bank DKI to issue Rp 700m in bonds

JAKARTA: Bank DKI plans to issue five-year bonds worth Rp 700 billion (US$83 million) with an indicative coupon rate of between 12.375 percent and 12.75 percent.

In a press statement on Wednesday, the bank said the proceeds from the bonds would be used to finance lending expansion this year, with Rp 2.6 trillion of new loans being forecast, up from Rp 1.7 trillion last year.

Bank DKI, which has assets of Rp 5.62 trillion, recorded a net profit of Rp 84.10 billion last year, up from Rp 80.19 billion in 2002. The bank's revenue increased slightly by Rp 2.28 billion to Rp 698 billion. -- JP