JAKARTA. PT Bank Pan Indonesia Tbk (PNBN) modifies the schedule of the issuance of Shelf-Registration Bond IV Phase II Year 2024 with total principal worth IDR 3.91 trllion.

Initially, it was announced that the public offering of the bond would take place from September 25 to October 1, 2024. However, last Friday (27/9), PNBN changed the date, from September 30 to October 3, 2024.

Furthermore, the listing on Indonesia Stock Exchange (IDX) is also pushed back to October 9 from the previous October 7, 2024.

As mentioned earlier this month, PNBN would offer the bond with an interest of 7.25% per annum, with the tenor set to 5 years.

In the issued prospectus, PNBN is said to utilise the entire proceeds of bond issuance to further boost business expansion. “Especially in terms of credit disbursement,” added the management of PNBN.

For the record, PNBN has secured an “idAA” rating from Pemeringkat Efek Indonesia (Pefindo) for its bonds. (KR/ZH)