BII to hire UBS, Barclays for bond

BII to hire UBS, Barclays for bond

JAKARTA: PT Bank Internasional Indonesia, the country's sixth-
largest lender, plans to hire Barclays Plc and UBS AG to help it
sell dollar-denominated bonds, bankers familiar with the
situation said.

Barclays and UBS were verbally informed they would be awarded
the mandate and a formal agreement is expected to be signed in
the next few days, said the bankers, who didn't want to be
identified. BII plans to sell an unspecified amount of bonds next
year, its first overseas debt sale.

Bank Internasional, PT Mitra Global Telekomunikasi and other
Indonesian companies are selling bonds to fund expansion and pay
debt, after a presidential election calmed concerns about
political instability.

Bank Internasional, which is controlled by Kookmin Bank, South
Korea's largest lender, earlier this month invited UBS, Barclays,
Deutsche Bank AG, Citigroup Inc. and DBS Group to pitch for the
sale. -- Bloomberg