Syariah Mandiri issues bonds

Syariah Mandiri issues bonds

JAKARTA: PT Bank Syariah Mandiri will issue five-year bonds
with a total value of Rp 200 billion to strengthen its capital.

The bond issue will be underwritten by PT AAA Securities and
PT Mandiri Sekuritas, according to a press statement.

The bonds' coupon rate is projected at between 12.875 percent
and 13.375 percent, Bank Syariah Mandiri president director
Nurdin Hasibuan said, adding that the coupon yields would be paid
quarterly.

The bank is a unit of the country's largest bank, Bank
Mandiri. -- JP