Bank issues $90m in notes

Bank issues $90m in notes

JAKARTA (JP): State-owned Bank Ekspor Impor Indonesia will
launch floating rate notes worth US$90 million on the Luxembourg
stock market in Sept. 16.

The seven-year notes will be issued by the bank, more
popularly called Bank Exim here, through its Cayman Islands
branch, according to Reuters.

DKB Asia is acting as the book runner of the note facility in
Asia excluding Japan, while Fuji International Finance acts as
the book runner in Japan and Societe Generale Asia as the book
runner in the United States and Europe.

The notes, which received a BAA3 rating, will be sold at par,
while the repayment will be made under a bullet system. (hen)