Thursday, June 4, 2009

INDONESIA'S BANK PERMATA TO ISSUE BONDS VALUED AT US$200 MLN

Thu. June 04, 2009; Posted: 04:39 AM

JAKARTA, Jun 04, 2009 - Indonesia's 10th largest bank in terms of assets, PT Bank Permata (JSX:BNLI), has been given the go ahead by one of its largest shareholders to issue subordinated bond valued up to US$200 million.
Bank Permata needs funds to increase its capital adequacy ratio, says Gunawan Geniusahardja, an executive of Astra International (JSX:ASII), a shareholder of the bank.
Bank Permata is jointly owned by Astra and Standard Chartered Bank, each holding a 40.5 per cent stake with investing public holding the rest.
Gunawan said Bank Permata, which had a CAR of 11 per cent by March, plans to issue the subordinated bond to be offered only to two shareholders, this year.

1 comment:

Anonymous said...

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beter cheked first the inside before...