Bank NISP to issue bonds

Bank NISP to issue bonds

JAKARTA (JP): Publicly listed Bank NISP will issue bonds worth
Rp 100 billion (about US$ 41.6 million) in March to support its
long-term financing.

Pramukti Surjaudaja, the bank's director, said that yield of
the five-year bonds would be adjusted to local banks' interest
rates.

Pramukti said Bank NISP raised about Rp 100 billion recently
in long-term loans from local and foreign banks to strengthening
its lending capacity.
He said the bank had issued four-for-10 bonus shares issue.
The bonus share issue would increase the paid-up capital by 40
percent, he said. (hen)