Jan 17, 2012

Bank Bukopin to sell subordinated bonds

PT Bank Bukopin Tbk (BBKP) is seeking an opportunity to raise fund by issuing a subordinated bonds.
However, Tantri Wulandari, Bukopin's Corporate Secretary, in an official disclosure filed to Indonesia Stock Exchange (IDX), did not mentione more detail about the proposed bonds.
She said the bank is not in talks with investors regarding to the sale shares. Recently, the bank said it considers to issue Rp500 billion subordinated bonds to strengthen its capital structure.  

Disclosure: No position at the stock mentioned above.

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