Competitive Coupon, bank bjb's Sustainability Bond Oversubscribed 4.66x
Jakarta – CNBC Indonesia reports that bank bjb’s commitment to strengthening sustainable financing has once again received positive market response. This is evident from the high investor interest in bank bjb’s Sustainability Bond Phase II, which forms part of the company’s strategy to broaden its portfolio of environment- and socially-minded financing.
The instrument offers investors the opportunity to invest responsibly while still earning competitive returns, and contributing to sustainable development in Indonesia.
The bonds are part of the Sustainability Bond Public Offering (PUB) of bank bjb with a total fund-raising target of Rp2 trillion. In the first phase issued in 2024 with a value of Rp1 trillion, the bonds recorded very high investor interest with an oversubscription rate of 4.66x over the initial target.
Continuing that success, in 2026 bank bjb again offers the Sustainability Bond Phase II with investor demand for the Sustainability Bond bank bjb reaching Rp932.4 billion.
As noted, the bookbuilding period runs from 13 February to 2 March 2026 with two series options: Series A with a tenor of 3 years and an indicative coupon of 5.45%–6.05%, and Series B with a tenor of 5 years with an indicative coupon of 5.70%–6.30%. This demonstrates investors’ high confidence in bank bjb’s performance and business prospects ahead.
In terms of credit quality, the bonds have been assigned the idAA (Double A) rating by Pefindo, reflecting the issuer’s very strong ability to meet its long-term financial commitments. The Sustainability Bond framework of bank bjb has also received a ‘Green/Sustainable’ rating from independent body SDGs Hub Universitas Indonesia.
To support the bond issue, bank bjb engaged five leading underwriters: PT Mandiri Sekuritas, PT Indo Premier Sekuritas, PT Mega Capital Sekuritas, PT BRI Danareksa Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. The bonds will subsequently be listed on the Indonesia Stock Exchange and trade widely in the secondary market.
The proceeds from the Sustainability Bond will be used entirely to support new financing or refinancing activities included in Environmentally Sustainable Business Activities (KUBL) and Socially Sustainable Activities (KUBS), in accordance with POJK No. 18 of 2023 on the issuance and requirements of debt securities and sukuk based on sustainability.
As part of this commitment, bank bjb continues to expand its sustainable financing portfolio. By December 2025, bank bjb’s Sustainable Portfolio had reached Rp14.3 trillion, allocated to various sectors such as environmentally sustainable activities, SME financing, and the social sector that provides positive impacts for society.
Beyond financing, the commitment to sustainability is also applied in bank bjb’s operations. The company continues to strengthen greenhouse gas emission management as part of its efforts toward the Net Zero Emission target. This effort is also reinforced through bank bjb’s participation in the Indonesian Carbon Exchange by purchasing SPE-GRK carbon units as part of its carbon emission mitigation strategy.
bank bjb is also one of the banks in the first phase that has completed the Climate Risk Stress Test (CRST), as a step to integrate climate risk into the company’s risk management.
These strategic steps reinforce bank bjb’s position as a financial institution that consistently integrates Environmental, Social, and Governance (ESG) principles into its business strategy. Through the development of a sustainable financing portfolio, bank bjb is optimistic it can drive business growth in line with inclusive and sustainable national economic development.