Exceeding The Emission Target, BTN Records Bond Orders Of IDR 4.57 Trillion

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BTN) noted that the total order for a sustainable public offering (PUB) of bonds from investors at the close of the initial offer reached IDR 4.57 trillion or exceeded the target emission of IDR 2.3 trillion.

BTN targets the acquisition of IDR 2 trillion through the issuance of PUB of subordinated bonds and IDR 300 billion from PUB of social bonds (social bonds) to strengthen the expansion of housing sector financing in order to support the program of 3 million homes from the government.

"The issuance of PUB bonds for BTN subordination is part of BTN's capital strengthening strategy, especially the 2-capital tier capital component to support business growth, especially mortgages," said BTN President Director Nixon LP Napitupulu quoting Antara.

In the initial offer, BTN offered 5.85-6.75 percent indicative coupons for PUB bonds for 5-year tenor subordination bonds, and 5.25-5.75 percent for 3-year tenor social-income bond PUB.

Nixon said that investor interest was recorded strongly with orders reaching Rp2.93 trillion for PUB bonds subordinated or 1.47 times from the target of Rp2 trillion, and Rp1.64 trillion for PUB social bonds or 5.47 times from the target of Rp300 billion at the close of the initial offering period, Friday, November 28.

He added that BTN's capital adequacy ratio (CAR) until October 2025 was at the level of 18.16 percent, and an increase in CAR was needed so that credit growth was around 8-10 percent maintained, especially through housing and retail banking financing.

The PUB of social-minded bonds, continued Nixon, is the first issuance of BTN in the scheme to develop funding that is in line with the focus of more than 75 years in the housing sector, expand financial inclusion, and support Astacita's national development agenda.

"Social bonds are instruments that can directly channel economic and social benefits to the wider community, while strengthening BTN's contribution to the national sustainable development agenda," he said.

He explained that the funds obtained from PUB bonds with social insight will be allocated to finance subsidized housing loans (KPR) and affordable housing for low-income people (MBR).

Furthermore, funds are also allocated to finance the development of basic infrastructure supporting public housing, financing MSMEs, and other activities that encourage job creation in the housing ecosystem.

According to him, the policy is in line with the long-term roadmap for BTN which carries environmental, social and governance principles (ESG).

"This role has formed a BTN character that is naturally social-oriented," said Nixon.

BTN started its initial offer on November 21, 2025 and is targeting the receipt of funds from the issuance of the two bonds effective on December 12, 2025, with records on the Indonesia Stock Exchange scheduled for December 15, 2025.