Published on 1/23/2020 in the Prospect News Emerging Markets Daily.
New Issue: Indonesia’s Bank Tabungan Negara prices $300 million 4.2% tier 2 securities
Chicago, Jan. 23 – Indonesia’s PT Bank Tabungan Negara (Persero) TBK priced $300 million of 4.2% tier 2 capital securities (Ba3) due 2025, according to a listing notice.
Bookrunners for the Bank Tabungan Negara offering were Citigroup Global Markets Ltd., HSBC Corp. Ltd. and Standard Chartered Bank.
The bank has headquarters in Jakarta, Indonesia.
| Issuer: | PT Bank Tabungan Negara (Persero) TBK
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| Issue: | Tier 2 capital securities
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| Amount: | $300 million
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| Maturity: | 2025
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| Coupon: | 4.2%
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| Bookrunners: | Citigroup Global Markets Ltd., HSBC Corp. Ltd. and Standard Chartered Bank
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| Rating: | Moody’s: Ba3
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