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KEB Hana bank lists bonds worth millions of dollars
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Indonesia Stock Exchange director Samsul Hadi (right) hands a bonds listing certificate to KEB Hana Bank president director Martin Lee in Jakarta on Jan. 25. (JP/Prima Wirayani)
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rivate lender KEB Hana Bank, a part of the South Korean Hana Financial Group, listed on Wednesday subordinated bonds worth millions of US dollars on the Indonesia Stock Exchange (IDX).
The firm reaped Rp 244 billion (US$18.3 million) and $47.5 million from rupiah and dollar denominated subordinated bonds issued in December last year. The debt papers will mature in 2023.
"The issuance is for our working capital to provide lending to Indonesian companies," KEB Hana president director Martin Lee said during its trading opening ceremony at the IDX building in Jakarta.
(Read also: KEB Hana aims stronger capital after bonds issue)
The lender disbursed Rp 26 trillion of loans last year and has set a target to grow lending by 20 percent this year.
"We will continue to grow in Indonesia's market," Lee said.
The Financial Services Authority (OJK) has announced its loan growth projection for this year at between 9 percent and 11 percent. (bbn)
