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)