JAKARTA PT Bank Mandiri Tbk. It is said that it managed to reap US$300 million or equivalent to Rp4.5 trillion from the issuance of a global bond.
Executive Treasury and International Banking officials of Bank Mandiri Eka Fitria said this global bond has a three-year tenor with a coupon of 5.5 percent.
"The highest level of oversubscription in the history of Bank Mandiri's Global Bond is an achievement and evidence that investors believe in the company's performance," he said in a written statement on Wednesday, March 25.
According to Eka, this score is a good signal in the midst of the rampant market negative sentiment towards the banking sector and the global market.
"Positive investor confidence can also be seen from the rating given to these bonds from international rating agencies, namely Baa2 from Moody's and BBB- from Fitch," he said.
Eka explained that investors in the global bond issuance were dominated by fund managers and asset managers with 76 percent ownership portion, followed by banks of 13 percent and pension fund managers of 11 percent.
In addition, most investors came from Asia as much as 78% and Europe, the Middle East, and Africa (EMEA) by 22 percent. After the issuance process, these bonds will be listed on the Singapore Stock Exchange (Singapore Exchange/SGX)," concluded Eka.
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