PT Bank Permata Tbk (BNLI) has upsized its subordinated bonds issuance to Rp1.75 trillion from the initial plan of Rp1 trillion. The 7-year bonds, has been priced at 11% interest annually, will be listed on June 30 at Indonesia Stock Exchange (IDX).
Three lead underwriters for the issuance are PT Standard Chartered Securities Indonesia, PT Danareksa Sekuritas, and PT NISP Sekuritas.
About Rp1.44 trillion has been underwritten with full commitment and Rp311 billion has been underwritten with best effort.
NISP Sekuritas has fully committed to underwrite Rp784.50 billion or 54.52% of the issuance, Standard Chartered Securities fully underwrites Rp249 billion or 17.30%, and Danareksa Sekuritas fully underwrites Rp202.50 billion or 14.07%.
Disclosure: No position at the stock mentioned above.
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