BNI Strengthens Capital Structure through $700 Million AT1 Instruments

PT Bank Negara Indonesia (Persero) Tbk or BNI (stock code: BBNI) is strengthening its capital structure through the issuance of Additional Tier-1 (AT1) Perpetual Non-Cumulative Capital Securities valued at 700 million US dollars (US)orequivalenttoRp11.9trillion.Accordingtothecompany, thiscorporateactionreceivedapositiveresponsefromglobalinvestors, withdemandexceeding2.5billion, resultinginanoversubscriptionofupto3.6times.BNICorporateSecretaryOkkiRushartomostatedinJakartaonWednesdaythatthisisthesecondissuancebythecompany, followingasimilarinstrumentof600millionUS in 2021. “As one of Indonesia’s systemic banks, BNI ensures that its role as an agent of national economic growth is further solidified through a strong capital structure,” said Okki. Referring to the disclosure of information, the bookbuilding and pricing process was conducted on 15 April 2026, while the transaction settlement is on 22 April 2026. The company explained that the issued AT1 instrument has characteristics as additional subordinated capital, without maturity (perpetual), and non-accumulative yield payments. The issuance was carried out in accordance with Regulation S (Reg S) under the US Securities Act and is listed on the Singapore Exchange (SGX). According to the company, this marks broader access to international financial markets. Additionally, the company noted that the high investor interest also reflects confidence in its fundamentals and performance prospects. Moreover, the investor base for this issuance is increasingly diversified, covering the Asia-Pacific region, Europe, the Middle East, to offshore United States. The company recorded that this indicates the growing attractiveness 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 instruments 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 issuance of AT1 instruments demonstrates BNI’s strategy in utilising global market instruments to strengthen its capital structure. The company assesses that strong investor support reflects confidence in its performance and prospects, as well as opening wider opportunities for business expansion and contributions to national economic growth.