PT Bank Mandiri (Persero) Tbk (BMRI) has successfully issued Bank Mandiri Sustainable Bond I Phase I Year 2025 with a total value of IDR 5 trillion.
The issuance of this bond received a very positive response from investors, reflected in the oversubscription rate of 3.10 times or equivalent to IDR 15.5 trillion, even though the book building period was relatively short.
Bank Mandiri Treasury and International Banking Director Ari Rizaldi said that the high investor interest reflected strong confidence in the fundamental performance and growth prospects of Bank Mandiri, both amid global economic challenges and dynamic domestic conditions.
He added that this bank bond with the stock code BMRI was issued in three series, namely Series A with a tenor of 370 days with an issue value of IDR 1 trillion and a coupon rate of 4.85 percent; Series B was issued with a tenor of 3 years worth IDR 2 trillion and a coupon of 5.45 percent; Series C has a tenor of 5 years with a value of IDR 2 trillion and a coupon of 5.95 percent.
He said the funds from the issuance of bonds would be used to finance or refinance activities that fall under the category of Environmentally Conscious Business Activities (KUBL) and/or Socially Conscious Business Activities (KUBS)
This step is in line with the provisions of the Financial Services Authority Regulation (POJK) Number 18 of 2023 regarding the issuance of debt-type securities and sustainable sukuk.
"The success of this bond issuance is a tangible proof of the high confidence of investors in Bank Mandiri's performance, stability, and growth potential. This also confirms the company's commitment to continue to accelerate business transformation in a prudent and sustainable manner, even in the midst of market uncertainty," said Ari in an official statement, Tuesday, December 23.
Meanwhile, market confidence was also strengthened by the highest credit rating idAAA given by Pefindo.
In this issuance process, Mandiri Sekuritas, BCA Sekuritas, BNI Sekuritas, BRI Danareksa Sekuritas, Mega Capital Sekuritas, and Trimegah Sekuritas Indonesia acted as Joint Lead Underwriters.
"In the future, Bank Mandiri is committed to continue strengthening synergies with stakeholders to accelerate inclusive and sustainable business growth, as well as provide long-term added value for investors and the wider community to encourage the growth of the people's economy," concluded Ari.
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