BBNI - Issues global bonds worth USD500 mn

BBNI - Issues global bonds worth USD500 mn Bank Negara Indonesia (BBNI) issued senior debt securities with a dollar exchange rate of USD500 mn. The global bond was listed on the Singapore Stock Exchange on April 8 2024 Citing information disclosure (18/4), BNI issued the debt securities on April 5 2024 with a term of five years. The interest offered is 5.28% per year and this refers to the provisions of Regulation S under the US Securities Act. (Source : Kontan) Comment : The proceeds from the securities issuance could support BNI’s financing and funding purposes. We also like the latest BBNI deposits position, whereas as of Feb24 monthly bank only result continue to a show solid figure. We believe BNI’s liquidity position remain provide enough room to cope with future loan demand.