Spring Time for Green Bonds Issuance

By Editorial Team 23/06/2022
Summary

PT Bank Rakyat Indonesia Tbk (BBRI) aims to raise Rp 15 trillion, starting with the first issuance of sustainable bonds worth Rp 5 trillion. The bonds will be divided into three series: Series A with a one-year tenor, series B with a three-year tenor, and series C with a five-year tenor. However, the bank has not yet determined the coupon rate for each series. The proceeds from the green bond issuance will be used to refinance green business activities and for working capital.

PT Pefindo assigns an idAAA rating to this green bond. Underwriters for BRI's green bond issuance are PT Bahana Sekuritas, BCA Sekuritas, BNI Sekuritas, PT BRI Danareksa Sekuritas, PT Indo Premier Sekuritas, and PT Mandiri Sekuritas.

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