JAKARTA: PT Bank Tabungan Negara Tbk will conduct its second stage of shelf-registered bonds issuance in 2013 worth IDR2 trillion. This issuance is a continuation of the first bonds issuance with the same value, or IDR4 trillion in total.
The proceeds will be used to fund credit expansion, especially housing mortgage. The 10-year source of funds is in accordance with the mortgage term that is also 10 years.
Bank Tabungan Negara has mandated PT Dana Reksa, PT CIMB Sekuritas and PT Indo Prima as the underwriters. (T05/aph)
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