KB Bukopin Bank (BBKP) Prepares IDR 1.44 Trillion for Maturity Bond Repayment

ISSUER-JAKARTA. PT Bank KB Bukopin Tbk (BBKP) has announced that it has prepared funds of around IDR 1.44 trillion to pay off the principal and interest of the Bank Bukopin's Continuous Subordinated Bonds II Phase II Year 2017, which will mature on February 28, 2024.

“We convey that the company has provided funds to pay off the principal and interest of the bonds to the bondholders,” said Woo Yeul Lee, President Director of Bank KB Bukopin in his official statement, (12/2).

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In the company's disclosure of information, the details of the bond repayment consist of the repayment of the bond principal amounting to IDR 1.4 trillion, and the 28th bond interest (gross) amounting to IDR 38.64 billion.

Management stated the repayment would be paid to the bondholders through PT Kustodian Sentral Efek Indonesia (KSEI) as the payment agent.