"BNI Exchangeable Bonds with Stock Recap"

Make Money Blog$-JAKARTA - Bank Indonesia (BI) do not mind a plan of PT BankNegara Indonesia Tbk (BNI), acquiring the securities company by swapping the recapitalization. BI will not give permission when thebank acquired a company that is not engaged in financial services.


The explanation was conveyed Head of Public Relations Bureau of Bank Indonesia Difi Johansyah when met at the House BankIndonesia, Jakarta, Friday (18 / 3). "recap bonds owned by thegovernment, so that fully authorizes the shareholders of the bankconcerned. BI only focused acquisitions by banks engaged infinancial services. When it acquired security companies so there is no problem however I bought it," said Difi.

Difi explains, recap bonds in 1998 and used to strengthen bank capital, where the type of recap bonds that there were three,namely hold to maturity, available to sale and tradeable. Regardingits use, further Difi certainly a tradeable or traded bonds.

"Regarding the use of tradeableitu recap bonds are Treasuryregulations as they relate to recapitalize it with government funds.permissions in the hands of the government or the Ministry of Finance," he explained.

Previously, the Ministry has approved the exchange of state-ownedBNI recap bonds by taking over Bahana Securities. Because, after the transition, BNI can merge with BNI Securities BahanaSecurities to strengthen its capacity. BNI targeting one of twostate-owned company engaged in the financial insititusi BahanaSecurities and Danareksa Securities. BNI dream to be able toswap one of these companies with the recap bonds valued at Rp17 trillion. (max)

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