Dec 2, 2010

Bank CIMB launches Rp500 bio bonds

PT Bank CIMB Niaga Tbk (BNGA) plans to issue 10 year subordinated bonds worth Rp500 billion on December 27 2010.
In the bonds prospectus today, Bank CIMB has mandated PT CIMB Securities Indonesia as a single underwriter for the issuance. The bank will use the proceed to support credit expansion. Rating agency PT Fitch Ratings Indonesia has affirmed AA (idn) for the bonds with stable outlook

Disclosure: No position at the stock mentioned above.  

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