BDN issues bonds

BDN issues bonds

JAKARTA (JP): The state-owned Bank Dagang Negara (BDN) will
float bonds worth US$165 million in overseas markets to
strengthen its financing structure, the bank announced.

The agreement on the issuance of the bonds was signed in Hong
Kong yesterday, the bank said in a statement made available to
The Jakarta Post yesterday.

The bonds will be listed in Hong Kong, Singapore and
Luxembourg. J.P. Morgan Securities Asia Ltd. of Hong Kong acts as
lead manager, with other eight foreign financial institutions
acting as co-lead managers and other nine as co-managers.

The bank, however, did not explain the yield of the bonds,
which has a maturity period of seven years. (hen)