BANKING - JAKARTA. PT Bank Tabungan Negara Tbk (BBTN, member of Kompas100 index) plans to issue first global bonds in June 2019. BBTN targets to raise $ 300 million from global bond issuance.
BBTN Finance Director Faith Nugroho Soeko said the issuance of global bonds to increase liquidity, primarily to improve the secondary reserve component and not for credit expansion.
"The plan for issuance is around June 2019. At the moment the process is choosing the lead underwriter. We believe the right underwriter can attract investors, "Iman told Kontan.co.id, Wednesday (27/3).
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