Feb 6, 2012

Bank Bukopin launches Rp2 trio subdebt

PT Bank Bukopin Tbk (BBKP) today launches a Rp2 trillion subordinated bond issuance through shelve registration. In the first stage, Bank Bukopin intends to sell Rp1 trillion bond scheduled on March 12 2012.
In a prospectus published today, Bank Bukopin has mandated three lead underwriters namely PT CIMB Securities Indonesia, PT Indo Premier Securities, and PT Mandiri Sekuritas.
Bank Bukopin will use the proceed to develop loan channeling and strengthen capital structure. The subordinated bond has been rated idA by PT Pemeringkat Efek Indonesia.

Disclosure: No position at the stock mentioned above.

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