JAKARTA. PT Bank KB Bukopin Tbk (BBKP) is planning the issuance of Senior Unsecured Notes (global bond) of a maximum USD 300 million.
Robby Mondong, Vice President Director of BBKP, said that this corporate action will demonstrate the companys capability in enhancing its own funding structure. It also serves as the initial step taken by KB Bank to enter international stock market scene, he said in the official statement today.
For the record, the global bond will be listed on Singapore Stock Exchange (SGX-ST). This bond will then comply with Regulation S based on US Securities Act of 1993.
According to IDNFinancials data, BBKP reported new credit growth in the first half of 2024. This growth further boosted its net interest income by 106.43% year-on-year (yoy) in H1 2024.
The issuance of this global bond will create a space for business expansion for KB Bank, particularly for USD-based financing, said Mondong. (KR/ZH)