BRI (BBRI) Again Issues Green Bonds Worth IDR 2.5 Trillion

March 06, 2024, 02.01 PM | Reporter: Selvi Mayasari

ILUSTRASI. BRI will issue rupiah green bonds in three series.

BANK - JAKARTA. PT Bank Rakyat Indonesia Tbk or BRI (BBRI) has again issued a green bond through the Sustainable Environmental Bonds I Phase III Year 2024 amounting to Rp 2.5 trillion.

The issuance was carried out in three series. Series A amounting to Rp 1.23 trillion with a period of 370 calendar days from the date of issuance with a coupon of 6.15%.

Series B amounting to Rp 879.43 billion with a 2-year period with a coupon of 6.25%. Series C amounting to Rp 382.9 billion with a 3-year period with a coupon of 6.25%.

This corporate action is one of BRI's efforts to realize a green economy and is also part of a funding strategy that adheres to the sustainable principle. Previously, BRI has issued a green bond, sustainable bond, sustainable-linked loan, inclusive MTN and inclusive subordinated bonds.

BRI's SEVP Treasury & Global Services Achmad Royadi said, all funds obtained from this Public Offering of Bonds, after deducting issuance costs, will be used for financing or refinancing activities in the category of environmentally conscious business activities and for working capital activities.

“Green bonds are BRI's effort to support sustainability or the sustainability of human life and encourage the level of prosperity or prosperity. The public can participate with BRI by becoming a green bond investor to encourage the creation of sustainable business patterns in the country,” he said in a press release, Wednesday (6/3).

He believes, this corporate action further strengthens BRI's position as a market leader in the implementation of environmental, social & governance (ESG) in Indonesia, driven by the implementation of these three dimensions in banking activities to support the national economy through changes in business patterns to be sustainable.

On the other hand, the risk aspect in this bond is relatively maintained, as seen from the rating of the Pefindo Securities Rating Agency which gives an idAAA (Triple A) rating for BRI's Environmental Bonds.

The rating indicates the company's strong ability to meet long-term financial obligations.

The schedule for the issuance of Sustainable Environmental Bonds I Phase III Year 2024 is as follows: