Bank Rakyat Indonesia to Issue Rp 20t of Bonds
Jakarta. State-controlled lender Bank Rakyat Indonesia plans to issue bonds worth Rp 20 trillion ($1.53 billion) to refinance maturing debt and to take advantage of repatriated funds from the government's tax amnesty program, its chief financial officer said on Friday.
The bank will sell Rp 10 trillion of the bonds this year and the rest next year, CFO Haru Koesmahargyo told reporters.
Bank Rakyat is also considering to issue 5 trillion rupiah of medium-term notes this year if market condition is favorable.
Reuters
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