JAKARTA. PT Bank Tabungan Negara Tbk (BTPN) will issue Shelf-Registration Bond V Phase I Year 2024 with total principal of IDR 355 billion.

Said securities are a part of a more extensive public offering program of Shelf-Registration Bond V of BTPN, with total targeted proceeds of IDR 3 trillion.

In this first round of issuance, BTPN offered bond in two series: series A of IDR 114.75 billion and series B of IDR 240.3 billion. Series A bond is offered with a coupon of 7% per annum (p.a.) and tenor of 3 years, while series B is equipped with a coupon of 7.10% p.a. and tenor of 5 years.

The management of BTPN said that the proceeds will be used to support the company’s business, which will be channelled in the form of credit distribution.

BTPN has secured an “AAA(idn)” rating from Pefindo for its existing bond. The lead underwriter of this bond issuance is PT Indo Premier Sekuritas, PT OCBC Sekuritas Indonesia, and PT BCA Sekuritas. Lastly, PT Bank Mega Tbk (MEGA) is assigned as trustee. (KR/ZH)