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)
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