Indonesia's Bank Mandiri to Issue up to 5 Tillion Rupiah Green Bonds in June

BOND - JAKARTA. Indonesia's state-controlled lender PT Bank Mandiri Tbk will issue up to 5 trillion rupiah ($340.25 million) in green bonds in June, the bank said in a statement on Tuesday.

The proceeds will be channeled to environmentally-friendly business activities, Bank Mandiri said.

"The issuance is part of our commitment to help support Indonesia's target to reach net-zero emissions in 2060," the bank's president director Darmawan Junaidi said in the statement.

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The bank will divide the planned bonds into three notes of 370 days, 3-year, and 5-year maturities with a coupon range of 5.5% to 6.95%, according to documents shared by the bank . ($1 = 14,695.0000 rupiah)