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