Bank SMBC Indonesia Offers IDR 1.39 Trillion Bonds

PT Bank SMBC Indonesia Tbk (BTPN). (Photo: Doc. ANTARA)

JAKARTA - PT Bank SMBC Indonesia Tbk (BTPN) plans to conduct a public offering of phase II V bonds worth IDR 1.39 trillion which is used for lending.

Citing the prospectus in the information disclosure of the Indonesia Stock Exchange (IDX), all the principal value of the bonds to be issued amounted to Rp1.39 trillion, which is divided into two series.

These bonds are offered with a value of 100 percent of the principal amount of bonds.

For series A, the number of Series A bonds offered is IDR 429.9 billion with bonds interest of 6.70 percent per year.

Meanwhile, the term of bonds is 3 years from the date of emission.

For series B, it is offered IDR 966.5 billion with an interest bond of 6.95 percent per year.

The bond period is 5 years from the date of issuance.

The two-serie bond payments are made in full (bullet payment) on due date.

Bond interest is paid every three months according to the bond interest payment date.

The first bond interest payments for each series will be made on March 17, 2025.

Meanwhile, the last bond interest payments as well as bond maturity were on December 17, 2027 for Series A and December 17, 2029 for Series B.

The initial offering period for bonds is carried out from 11 to 22 November 2024 from 09.00 WIB to 16.00 WIB every day.

The following is the schedule for the 2024 BTPN Phase II Sustainable Bonds V:

- Effective Date: 27 June 2024 - Public Offering Period : 11-12 December 2024 - Deposit Date : 13 December 2024 - Ordered Return Date : 16 December 2024 - Electronic Distribution Date : 17 December 2024 - Recording Date on IDX : 18 December 2024.