TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Commonwealth Bank to issue Rp 500b of notes
JAKARTA: Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, plans to issue Medium Term Notes (MTN) amounting to Rp 500 billion (US$55
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
J
AKARTA: Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, plans to issue Medium Term Notes (MTN) amounting to Rp 500 billion (US$55.28) with maturities of 370 days, two and three years.
According to the bank’s written statement issued on Tuesday, funds to be raised from the notes will be used to extend the maturity profile of Commonwealth Bank Indonesia’s funding from Bank Indonesia. The funds would also be used to diversify Commonwealth Bank Indonesia’s financing for the third party funds.
Commonwealth Bank Indonesia has appointed PT Danareksa Sekuritas as the arranger and Bank Mandiri as the trustee of the notes issuance. Those three organizations signed on Monday a cooperation agreement for the notes issuance.
Commonwealth Bank Indonesia’s MTN has obtained AAA (idn) rate with a stable outlook from credit rating agency Fitch Ratings.
