Jun 5, 2011

Bank NTT unveils Rp500 billion bond

Regional bank PT Bank Pembangunan Daerah Nusa Tenggara Timur (Bank NTT) unveils Rp500 billion bond scheduled on July 6 2011.
The proceed of the bond issuance will be used by Bank NTT to underpin credit expansion, said an official prospectus said.
Bank NTT has mandated PT Andalan Artha Advisindo Sekuritas (AAA Securities) as the underwriter with full commitment.
The bond has been assigned idA- with stable outlook by famed rating agency PT Pemeringkat Efek Indonesia (Pefindo).
The bond will be issued in three series, A, B, and C. A Series will mature in 3 years, B, and C series will due in 5 and 7 years.
Disclosure: No position at the stock mentioned above.
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