BII to issue Rp 2t of bonds

BII to issue Rp 2t of bonds

JAKARTA: Nationalized PT Bank Internasional Indonesia plans to
issue Rp 2 trillion (US$227 million) of bonds in the second half
of this year, an official with the bank said Wednesday.

BII's President Director Sigit Pramono told reporters that the
planned bond issuance is part of the bank's measures to switch
more financing into longer maturities.

However, he stopped short of revealing the maturity of the
bond.

"We are in the middle of selecting underwriters," Sigit said.
He added that the bank will select foreign and local underwriters
for the issue.

The recent fall in domestic interest rates have encouraged
local companies to access the local debt market to raise funds.
Such exuberance is expected to help expand the underdeveloped
local bond market. -- Dow Jones
;DJ;
ANPAf..r..
CorporateBrief-Fubon-HSBC-Danamon
Fubon, HSBC bid for Danamon
JP/14/Brief

Fubon, HSBC bid for Danamon

SINGAPORE: International and regional financial institutions,
including Taiwan's Fubon Financial and HSBC, are among the
leading bidders for Indonesia's Bank Danamon, a Singapore
newspaper said Wednesday.

The Indonesian Bank Restructuring Agency (IBRA), set up in the
aftermath of the 1997 financial crisis to salvage the country's
battered banking system, is currently seeking a buyer for Bank
Danamon, in which it holds a majority stake.

Fubon, one of Taiwan's largest financial services groups, has
emerged as a leading contender for Bank Danamon, Indonesia's
fifth largest bank, sources told The Business Times daily.

With a market capitalization of US$6.5 billion, and with
Citibank as a shareholder, Fubon could provide stiff competition
to the other bidders, including the Singapore government's
Temasek Holdings.

Seventeen investors are considered likely to make preliminary
bids with the 51 percent stake sale to be wound up by late April.