Indonesia's Bank Mandiri plans up to US$1.25b in global bonds in 2020
[JAKARTA] Indonesia's Bank Mandiri is planning to raise as much as US$1.25 billion through global bonds this year, chief executive Royke Tumilaar told reporters on Friday.
He said the lender will decide on the timing based on market conditions, but is targeting the second or third quarter of this year.
"It is most likely in the second half of the year, but we will try to do it in the second quarter," Mr Tumilaar said.
Bank Mandiri on Friday announced a near 10 per cent increase in 2019 net profit.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
BOJ will hike rates if trend inflation accelerates, says Ueda
Citi picks Amit Dhawan to head Singapore commercial bank operations
China finance ministry echoes Xi’s call for bond trading at PBOC
Thai PM asks banks to lower interest rates to help economy
From airport lounge access to dining deals: How banks can attract customers with travel perks
Japan to work with counterparts on excessive FX moves, says finance minister