CIMB Niaga to Sell Bonds to Capitalize on Govt's Tax Amnesty Program

Bank CIMB Niaga, a subsidiary of Malaysia's CIMB Group, plans to sell bonds this year to absorb potential repatriated funds from the government's tax amnesty program. (ID Photo/David Gita Roza)

By : Gita Rossiana | on 2:33 PM August 18, 2016
Category : Business, Banking/Finance

Jakarta. Bank CIMB Niaga, a subsidiary of Malaysia's CIMB Group, plans to sell bonds this year to absorb potential repatriated funds from the government's tax amnesty program.

CIMB Niaga chief financial officer Wan Razly Abdullah told Investor Daily that the lender is still waiting for the Financial Services Authority (OJK), Indonesia's financial regulator, to issue a permit for the bond sale.

Abdullah said the lender has instructed its staff to tap potential incoming funds from the government's amnesty program.

 
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