JAKARTA PT Bank Rakyat Indonesia (Persero) Tbk or BRI has again issued Green Bonds through Shelf-Registered Environmental Bonds I Phase III Year 2024 amounting to IDR 2.5 trillion.
The issuance was carried out in 3 series, namely Series A of IDR 1.23 trillion with a period of 370 calendar days from the date of emission with a coupon of 6.15 percent, Series B of IDR 879.43 billion with a period of 2 years with a coupon of 6.25 percent and Series C of IDR 382.9 billion for a period of 3 years with a coupon of 6.25 percent.
BRI's SEVP Treasury & Global Services Achmad Royadi said this corporate action was one of BRI's efforts to realize the green economy and was also part of a funding strategy that adhered to the Sustainable Principle after previously BRI successfully launched Green Bond, Sustainable Bond, Sustainable-Linked Loan, MTN Inclusive and Bonds of Inclusive Subordination.
Achmad added, later all funds obtained from the Public Offering of these Bonds, after deducting emission costs, will be used by the Company for financing and refinancing activities in the category of Environmentally Introspective Business Activities and for working capital activities
Green Bond is BRI's effort to support sustainability or sustainability of human life and to encourage the level of prosperity or property. The community can participate with BRI by becoming a green bond investor to encourage the creation of a sustainable business pattern in the country," he said.
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He believes that this corporate action will further strengthen BRI's position as a market leader for the implementation of Environmental, Social & Governance (ESG) in Indonesia, which is driven by the implementation of the three dimensions in banking activities to support the national economy through changing business patterns to be sustainable.
On the other hand, the risk aspect in these bonds is relatively well maintained, as can be seen from the rating of the Pefindo Securities Rating Institute which provides idAA (Triple A) ranking for BRI Environmentally Involved Bonds.
The rating shows the company's strong ability to fulfill long-term financial obligations.
The schedule for the issuance of Green Bonds or Sustainable Environmental Intensive Bonds I Phase III of 2024 is as follows:
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