Indonesia's Bank Panin plans 1.5 trln rph bond issue

JAKARTA -

Indonesian lender, PT Bank Panin Tbk (PNBN.JK), plans to raise about 1.5 trillion rupiah ($148 million) from a bond issue in the third quarter, its corporate secretary said on Thursday.

The bank, ranked ninth by assets among Indonesia's lenders and partly owned by Australia and New Zealand Banking Group (ANZ.AX), has appointed Indopremier Securities, Bahana Securities, Danareksa Sekuritas and Evergreen Capital as underwriters.

"We're still monitoring the market, such as demand and interest rates, so we cannot say the exact date yet," Jasman Ginting told Reuters. Shares of Bank Panin closed at 680 rupiah, little changed on the day as the index .JKSE ended up just 0.03 percent. ($1 = 10,140 rupiah)