BTN Social Bond Orders Reach Rp2.9 Trillion, Issuance Increased to Rp2 Trillion
Demand for Bank BTN’s Phase II 2026 Social Sustainable Bonds reached Rp2.9 trillion during the bookbuilding period. This figure represents 2.9 times the initial issuance target of Rp1 trillion.
Due to the high demand, PT Bank Tabungan Negara (Persero) Tbk (BTN) has set the final issuance size at Rp2 trillion. The bonds are issued in two series: Series A, amounting to Rp950 billion with a 370-day tenor, and Series B, amounting to Rp1.05 trillion with a three-year tenor.
BTN President Director Nixon LP Napitupulu stated that the high demand reflects investor confidence in BTN, as well as an interest in financing instruments that provide social benefits.
“Interest reached Rp2.9 trillion from an initial target of Rp1 trillion, so we have set the final issuance size of Bank BTN’s Phase II 2026 Social Sustainable Bonds at Rp2 trillion. For us, this positive response not only reflects investor confidence in BTN but also demonstrates the increasing importance of financing that delivers social impact to the community,” Nixon said on Friday (18/09/2026).
BTN is offering a 7.05 per cent coupon for the Series A bonds with a 370-day tenor. Meanwhile, Series B, with a three-year tenor, offers a coupon of 7.25 per cent.
The proceeds from the issuance will be used to finance projects with social impact, including the provision of affordable housing for low-income communities (MBR), the development of basic infrastructure supporting public housing, and the financing of micro, small, and medium enterprises (MSMEs).
The funds may also be used for various programmes that contribute to job creation and the strengthening of community economic activities.
“This Social Bond is part of BTN’s journey in building a business that is not only growth-oriented but also creates broader benefits for society. Through the funds raised, we want to ensure that the financing we distribute can contribute to housing access, economic inclusion, and the sustainable improvement of community welfare,” said Nixon.
The bookbuilding period took place from 1–14 September 2026. BTN aims to complete the issuance and receive the proceeds on 6 October 2026.