Sep 5, 2011

Bank Bukopin considers Rp1 trio subbonds

PT Bank Bukopin Tbk (BBKP) is exploring to propose Rp1 trillion subordinated bonds early
next year in a bid to meet its capital requirement and long term financing for expansion.
Finance and Planning Director Tri Joko Prihanto at Bank Bukopin said the bonds will be issued
if the economy remains stable and robust, enabling the bank to put down the financing cost.
He said the bank just held preemptive rights, hence it does not require participation of strategic
partners.
"The rights issue proceed of Rp1 trillion will be adequate to jack up capital adequacy ratio to
15% from 10%," he said.
If the bank's proposed expansion is more than 20% next year, Bank Bukopin will need additional
capital from subordinated bonds.

Disclosure: No position at the stock mentioned above.

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