Oct 8, 2010

BCA to sell US$200 million subdebt

Publicly listed PT Bank Central Asia Tbk (BCA), Indonesia largest private bank, is considering to launch US$200 million subordinated bonds the next year. 
BCA Vice President Director Jahja Setiaadmadja said the corporate action antry in busines plan company for next year.
BCA booked an increase in its net profit of more than 20% during the first half of this year despite a significant drop in its interest income. The bank posted Rp3.98 trillion net profit during 6 months ending in June, a 20.5% increase from Rp3.3 trillion in the same period last year.

Disclosure: No position at the stock mentioned above.

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