JAKARTA - PT Bank Central Asia Tbk (BBCA) is back in the spotlight after PT Pemeringkat Efek Indonesia (Pefindo) announced that its Shelf Registration Subordinated Bonds I Phase I Year 2018 Series A worth IDR 435 billion will mature on 5 July 2025.

The bonds with a 7-year tenor and an interest rate of 7.75% have an idAA rating from Pefindo, signifying relatively low investment risk and strong confidence in the company's ability to fulfil its obligations.

Pefindo, in its release quoted on Wednesday (2/4), also said that BBCA plans to pay off the maturing bonds using internal funds. As of the end of December 2024, the company's cash position was recorded at IDR 45 trillion, including placements at Bank Indonesia and other banks. With this strong liquidity, BBCA is considered to have a very adequate capacity to pay off the bonds on time, while maintaining the company's financial stability amid market dynamics.

However, it is important for investors to understand that debt ratings are not direct investment recommendations. Ratings reflect Pefindo's view at the time of assessment and are subject to change in the event of material developments that affect the company's ability to fulfil its obligations. Investors should consider various factors such as market conditions, economic trends, and company strategies in making investment decisions.

At the close of trading on Thursday (27/3), BBCA's share price fell 0.29% or -25 points to IDR8,500 per share. However, the share price in a week surged 2.72%, while in the past month it fell 3.41%. (EF/LM)