Aug 27, 2010

Bank Panin to issue Rp3 trillion bonds

Publicly listed PT Bank Pan Indonesia Tbk (Bank Panin) plans to issue Rp3 trillion bonds in a bid to underpin credit expansion and strengthen capital.
A source familiar with the matter said, as reported by Bisnis Indonesia today, Bank Panin has mandates four lead underwriters PT CIMB Securities, PT Mandiri Sekuritas, PT Indo Premier Securities, and PT Evergreen Capital to help arranging the bonds issuance. Bank Panin will issue two tranches of bonds, 5 and 7 years. 
Bank Panin Corporate Secretary Jasman Ginting confirmed that the bank aims to issue rupiah denominated bonds. But, he declined to mention the size.
Disclosure: No position at the stock mentioned above. 

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