Jakarta, 15 May 2018 – PT Bank Central Asia Tbk (BCA) plans to issue subordinated bond as a part of its recovery plans to meet its liability based on the POJK No. 14/2017. The bond issuance can strengthen the capital structure and improve the fundraising structure in long term.
The subordinated bonds will be issued under a sustainable public offer scheme. In the first phase, BCA will issue subordinated bonds of up to Rp500 billion, with alternative tenors of 7, 10, or 12 years in accordance with the investors’ interest. The initial offering (book building) of the bonds will be conducted in May 2018, and then in early July 2018, the first phase BCA subordination bond is scheduled to be listed in Indonesia Stock Exchange. The plan of the issuance was delivered by Deputy President Director of BCA, Eugene Keith Galbraith, to the public at an investor gathering held in Jakarta, Tuesday (15/05).
Eugene Keith Galbraith added, “BCA has solid financial condition and liquidity. Currently, most of BCA’s capital is core capital (Tier I) which contributes 96% to total capital by the end of 2017. However, as of the systemic banks established by the OJK, BCA plans to issue subordinated bonds to meet its liability in the recovery plan required by the OJK. The plan to use the funds from the issuance of such bonds is for business development, especially in loan granting.”
Furthermore, Eugene K. Galbraith also stated, “The issuance of the subordinated bonds will add investment alternatives from the financial instruments issued by BCA for the investors and its loyal customers.”
PT Pemeringkat Efek Indonesia (Pefindo) has rated BCA with for corporate rating and for its subordinated bond instruments. The ratings are based on an assessment of BCA’s performance and ability to meet the various commitments and financial obligations incurred over the long term. This assessment is also based on Indonesia’s economic outlook, BCA’s liability to achieve credit disbursement opportunities, prudent risk management, and solid funding supported by excellence in banking transactions.
BCA Issues the First Phase Sustainable Subordinated Bonds – Deputy President Director of PT Bank Central Asia Tbk (BCA) Eugene Keith Galbraith (second left) was having a discussion on the sidelines of the Investor Gathering BCA 2018 with Director of BCA Rudy Susanto (right), Director of BCA Vera Eve Lim (second right), Director of BCA Sekuritas Imelda Arismunandar (left) in Jakarta, Tuesday (15/05). BCA is planning to issue subordinated bonds as part of its recovery plans to meet its liability based on the POJK No. 14/2017. The bond will be issued under a sustainable public offer scheme, where in the first phase, the Bank BCA will issue subordinated bonds of up to Rp500 billion.
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About PT Bank Central Asia Tbk (as of 31st March 2018)
BCA is one of the leading commercial banks in Indonesia with a core focus on transaction banking business and providing loan facilities and solutions to the corporate, commercial & SME and consumer segments. At the end of March 2018, BCA had the privilege of serving 17.5 million customer accounts, processing millions of transactions every day through 1,236 branches, 17,624 ATMs and more than 490 thousand of EDC machines as well as transactions made over the 24-hour internet and mobile banking systems.
For more information, please contact:
PT BANK CENTRAL ASIA
Corporate Secretary – Corporate Communication Sub-division
Public Relations Office
Address : Jl. MH Thamrin No.1
BCA Grand Indonesia Lt. 22
Jakarta Pusat
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
