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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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BCA to issue first tranche of Rp 500b junior bonds

  • Winny Tang

    The Jakarta Post

Jakarta | Wed, May 16 2018 | 02:33 am

PREMIUM Bank Central Asia (BCA), the country’s biggest private lender, plans to issue subordinated bonds to strengthen its capital structure as part of its obligation as one of Indonesia’s systemically important banks.The publicly listed lender is hoping to attract Rp 1 trillion (US$71 milllion) in funds from the subordinated bonds, also known as junior bonds, which will be divided into two phases.The...