Dec 9, 2010

BII to issue IDR1 trillion bond

PT Bank Internasional Indonesia (BII) Tbk has named PT Bahana Securities, PT Mandiri Sekuritas, and PT Indo Premier Securities to underwrite its bond worth IDR1 trillion.
A source said the company was also pitching to issue sub-debt. "If the plan is realized, BII will issue sub-debt and senior bond. The bonds will be issued next year," he said yesterday.
At the moment, the shareholders of BII are Sorak Financial Holdings Pte Ltd (54.33%), Maybank Offshore Corporate Services (Labuan) Sdn Bhd (43.08%), and the public (2.59%).
Disclosure: No position at the stock mentioned above.  

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