Indonesia's eighth largest lender by asset, PT Bank Internasional Indonesia Tbk (BII), has upsized its bond issuance to Rp1.5 trillion from Rp600 billion, following the additional of underwriters.
BII has added two bond underwriters namely PT Bumiputera Capital Indonesia and PT NC Securities with the initial underwriters of PT Bahana Securities, PT Indo Premier Securities, and PT Mandiri Sekuritas.
The 7-year denominated bond, which is fully underwritten, offers a 10.75 annual coupon with principal of Rp1.2 trillion and the remaining has been underwritten with best effort commitment.
Disclosure: No position at the stock mentioned above.
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