BII to Issue up to IDR1.5 Tln Bonds

Workers construct a new toll road which will be connected from Depoks administration town to the capital city of Jakarta August 31, 2010. Indonesia is looking into infrastructure and green bonds, a senior advisor to the government said on Thursday, as the biggest economy in Southeast Asia is in need of billions of dollars for the sectors development.

PT Bank Internasional Indonesia will issue up to IDR1.5 trillion ($175 million) in seven-year bonds later this month to boost its capital base, the lender said Monday.
BII said the bonds, which will be offered at full face value, will carry a 10.75% annual coupon. Local ratings agency PT Pefindo has assigned an AA rating to the proposed issuance.
The bonds will be listed on the Indonesian Stock Exchange May 20, the bank said.