Apr 5, 2011

BTPN aims to launch Rp2.5 trio bonds

PT Bank Tabungan Pensiunan Nasional (BTPN) plans to issue IV series bond amounted to Rp2.5 trillion periodically in 2 years by occupying self registration scheme.
BTPN Director of Compliance Anika Faisal assured the information. Fitch Ratings assigned AA- for the bond issuance. “This is the first time Indonesia occupies such scheme. The terms and conditions depend on Bapepam-LK approval.” 
The self registration scheme, published by Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) last December, allows companies to register the bond issuance program on an ongoing basis until it reaches a set value. 
This scheme provides companies a convenience in conducting a gradual public offering of debt securities and/or sharia bond.

Disclosure: No position at the stock mentioned above.

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