BNI Raises USD700 Million Through Global AT1

PT Bank Negara Indonesia (Persero) Tbk (BNI) has once again demonstrated its strong fundamentals in the global financial market by successfully raising funds amounting to USD700 million, or the equivalent of Rp11.9 trillion, through the issuance of Additional Tier-1 (AT1) Perpetual Non-Cumulative Capital Securities on 15 April 2026. This step forms part of the company’s strategy to bolster its capital structure while enhancing resilience amid global economic dynamics. The issuance of this AT1 instrument received a highly positive response from global investors. This is reflected in the demand level reaching more than USD2.5 billion, or experiencing oversubscription up to 3.6 times. The high interest indicates investor confidence in BNI’s performance and long-term prospects as one of Indonesia’s systemic banks. BNI Corporate Secretary Okki Rushartomo stated that this issuance is the second time, following the successful issuance of a similar instrument worth USD600 million in 2021. “As one of Indonesia’s systemic banks, BNI aims to ensure that its role as an agent of national economic growth can be further solidified through a strong capital structure,” he said in a written statement. According to Okki, this step is part of BNI’s strategy to increase resilience amid global economic dynamics while strengthening the foundation to support sustainable business growth. The issued AT1 instrument has characteristics as additional subordinated capital, without maturity (perpetual), and non-accumulating return payments. The issuance was conducted in accordance with Regulation S (Reg S) under the US Securities Act and listed on the Singapore Exchange (SGX), marking BNI’s broader access to international financial markets. The high investor interest also reflects confidence in the company’s fundamentals and performance prospects. Additionally, the investor base for this issuance is increasingly diversified, covering the Asia-Pacific region, Europe, the Middle East, and offshore United States. This demonstrates the growing appeal of BNI’s financial instruments to global investors. As part of capital structure management, BNI has also announced plans for a buyback of the AT1 instrument issued in 2021 through a tender offer mechanism for approximately 94.7 percent of the total existing AT1. This step is taken to optimise the overall capital composition. The success of this AT1 issuance reinforces BNI’s position as one of the national banks actively utilising global market instruments to strengthen capitalisation. Strong investor support serves as a positive signal for the company’s performance and prospects, while providing greater room for BNI to drive business expansion and contributions to national economic growth.