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.

Jakarta Post

BNI seeks Rp 7.69t from negotiable certificates of deposits

News Desk (The Jakarta Post)
Jakarta
Mon, March 13, 2017 Published on Mar. 13, 2017 Published on 2017-03-13T12:40:01+07:00

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!
BNI seeks Rp 7.69t from negotiable certificates of deposits An official checks bundles of banknotes at a Bank Negara Indonesia (BNI) cash center in Jakarta. (JP/Ricky Yudhistira)

S

tate-owned lender Bank Negara Indonesia (BNI) last Friday listed four series of negotiable certificates of deposit (NCD) worth Rp 7.69 trillion (US$575.7 million) to support its loan expansion.

BNI treasury and international director Panji Irawan told kontan.co.id that the total value listed last week included an NCD worth Rp 2.7 trillion issued on March 9.

The Indonesian Central Securities Depository’s (KSEI) announcement shows that the bank’s four series of NCD consisted of a Serial A worth Rp 2.19 trillion that would mature on March 15 next year and a Serial B that was set at Rp 350 billion with a maturity date of Sept. 3 next year.

(Read also: BNI books 25 percent profit growth in 2016)

A Serial C was issued with a value of Rp 150 billion and would mature on Feb. 28, 2019, while a Serial D was set at Rp 5 trillion with a maturity date of Feb. 24, 2020.

The bank appointed four securities firm, namely BCA Sekuritas, BNI Securities, Danareksa Sekuritas and Mandiri Sekuritas, as the arrangers for the issuance.

BNI expects its loan growth to hover from 15 percent to 17 percent this year. In 2016, the bank recorded loan growth of 20.6 percent to Rp 393.28 trillion. (gra/bbn)

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

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!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.