BNI Receives Core Capital of US$ 700 Million from AT1 Bonds

JAKARTA - PT Bank Negara Indonesia (Persero) Tbk (BNI) strengthened its capital structure through the issuance of Additional Tier-1 (AT1) Perpetual Non-Cumulative Capital Securities worth US$700 million or equivalent to Rp11.9 trillion on April 15, 2026.

This corporate action received a positive response from global investors with a demand rate of more than 2.5 billion US dollars or experiencing oversubscription up to 3.6 times.

BNI Corporate Secretary Okki Rushartomo said this issuance was the second time the company had carried out after previously issuing a similar instrument of US$600 million in 2021.

"As one of the systemic banks in Indonesia, BNI wants to ensure that its role as an agent of national economic growth can be further strengthened through a strong capital structure," he said in a written statement, Wednesday, April 29.

According to Okki, this step is part of BNI's strategy in improving resilience in the midst of global economic dynamics while strengthening the foundation to support sustainable business growth.

The issued AT1 instrument has the characteristics of additional capital that is subordinated, without maturity (perpetual), and the payment of returns that is not accumulated.

The issuance is carried out based on the provisions of Regulation S (Reg S) in the US Securities Act and is listed on the Singapore Exchange (SGX), marking BNI's increasingly broad access to the international financial market. The high investor interest also reflects confidence in the company's fundamentals and performance prospects.

In addition, the investor base in this issuance is increasingly diversified, covering the Asia Pacific region, Europe, the Middle East, and offshore the United States.

This shows the increasing attractiveness of BNI's financial instruments in the eyes of global investors.

As part of the management of the capital structure, BNI has also announced a buyback plan for AT1 instruments issued in 2021 through a tender offer mechanism of approximately 94.7 percent of the total existing AT1.

This step is carried out to optimize the overall capital composition.

"The success of the issuance of AT1 confirms BNI's position as one of the national banks that actively utilize global market instruments to strengthen capital," said Okki.