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Bank Tabungan Negara Release Bonds

By administrator | August 29, 2020 | Basic Industry, Finance.
Bank Tabungan Negara Release Bonds
Illustration: Bank Tabungan Negara Release Bonds

Bank Tabungan Negara Release Bonds. Two issuers have release bonds totaling IDR 2.5 trillion this week. The two issuers are PT Bank Tabungan Negara (Persero) Tbk (BBTN), Which release Sustainable Bonds IV Phase I 2020 worth IDR 1.5 trillion and PT Chandra Asri Petrochemical Tbk (TPIA), Worth IDR IDR 1 trillion.

Moreover, base on data from the Indonesian Stock Exchange, at the beginning of the week, to be precise on Monday (24/8), the Bank BTN Phase I Sustainable Bond IV Year 2020 (Bond Phase I) was issue by PT Bank Tabungan Negara (Persero) Tbk. starting to be list on the IDX with a nominal value of Rp1.5 trillion.

Furthermore, the rating result for Bond Phase I is idAA+ (Double A Plus) from PT Pemeringkat Efek Indonesia (Pefindo). Acting as Trustee in this issue are PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk. BTN said that the funds from the bonds will later be use for credit financing sources, particularly housing expansion.

As well as, these Phase I bonds are listed in three series, namely Series A BBTN04ACN1 with a nominal value of Rp577 billion with a period of 370 days. Furthermore, Series B (BBTN04BCN1) with a nominal value of Rp. 727 billion with a period of 3 years, and Series C (BBTN04CCN1) with Rp. 196 billion with a term of 5 years.

Bank Tabungan Negara Programs

Bank Tabungan Negara Release Bonds
Illustration: Bank Tabungan Negara Release Bonds

Of course this is also in line with our efforts to support the government’s One Million Houses Program which aims to provide cheap and affordable housing for Indonesians, said Nixon LP Napitupulu, Director of Finance, Planning and Treasury of Bank BTN some time ago. Another issuer that also issued bonds last week was PT Chandra Asri Petrochemical Tbk (TPIA) on Thursday (27/8).

The Chandra Asri Petrochemical III Sustainable Bond Phase I 2020 is worth IDR1 trillion. The rating result from PT Pemeringkat Efek Indonesia (Pefindo) for bonds is idAA- (Double A Minus). Acting as Trustee in this issue is PT Bank Tabungan Negara (Persero) Tbk. Meanwhile, the bonds offered consist of three series.

First, the Sustainable Bonds III Chandra Asri Petrochemical Phase I Year 2020 Series A (TPIA03ACN1) with a fixed interest rate of 8.2% per year with a nominal value of IDR 528.8 billion and a term of 3 years. Second, the Chandra Asri Petrochemical III Phase I Year 2020 Series B Sustainable Bond (TPIA03BCN1) with a fixed interest rate of 8.7% per year.

As well as with a nominal value of IDR 357.7 billion and a term of 5 years. Third, the Chandra Asri Petrochemical Phase I Year 2020 Series C Sustainable Bond III (TPIA03CCN1) with a fixed interest rate of 9.2% per annum with a nominal value of Rp113.5 billion and a term of 7 years.

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