BMRI - Plans to issue rupiah bonds in the near future

BMRI - Plans to issue rupiah bonds in the near future Quoting the Information Disclosure of the Indonesia Stock Exchange (IDX), Thursday (26/6), this bank with the stock code BMRI announced its plan to publish the interim financial report for June 2025. This is being done because BMRI will undertake a corporate action by issuing rupiah-denominated bonds. "Hereby, we inform you that an audit will be conducted on the consolidated financial statements of Bank Mandiri for the period of June 2025 in connection with the company's corporate action plan, namely the issuance of rupiah bonds," wrote BMRI Corporate Secretary, M. Ashidiq Iswara. (Source : Kontan) Comment : BMRI forthcoming rupiah bond issuance is a strategic move to secure long-term funding, thereby reducing its reliance on deposits. This initiative is particularly pertinent in the current tighter liquidity environment. We believe this action will enhance the bank's liquidity management and stability, while also strengthening its earnings asset mix. Furthermore, it underscores Bank Mandiri's commitment to maintaining its stable and solid earnings growth in the future. We reiterate our BUY recommendation with a GGM-based target price of IDR 6,240.