Bank BRI issues Subordinated Bond III Year 2018 of Rp 500 billion, June 8 - 21, 2018
Initial Offering Period | May 11 - 24, 2018 |
Estimated Effective Date | June 6, 2018 |
Estimated Public Offering Period | June 8 – 21, 2018 |
Estimated Allotment Date | June 22, 2018 |
Estimated Date of Electronic Bond Distribution | June 26, 2018 |
Estimated Refund Dated Date | June 26, 2018 |
Estimated Listing Date in Indonesia Stock Exchange | June 27, 2018 |
Publisher | PT. Bank Rakyat Indonesia (Persero) Tbk |
Name of Subordinated Bond | Subordinated Bond III of Bank BRI Year 2018 |
Principal value | Rp 500 billion |
Coupon rate | Fixed |
The first coupon rate of Subordinated Bond | September 26, 2018 |
Maturity date | June 26, 2023 |
Subordinated Bond Rating | IDAA from PT. Efrek Indonesia Ranking (Pefindo) |
Underwriters of Subordinated Bond | PT. Bahana Sekuritas (Affiliated), PT. Danareksa Sekuritas (Affiliated), and PT. Indo Premier Securities |
Bond Trustee | PT. Bank Negara Indonesia (Persero) Tbk |
Usage plan on the proceeds | To strengthen Tier 2 Capital (Tier 2) to comply OJK regulation No.11 juncto OJK regulation No.34 and to support the increase of Productive Assets. |