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8/20/12

Want to Hundreds of Million Dollar, Bank Mandiri Recap Bond Issue


MAKE MONEY BLOG$~Jakarta - PT Bank Mandiri Tbk being aggressively sold bonds worth Rp 54 trillion recapitulation has. This is done in order to obtain fresh funds hundreds of millions of dollars in foreign loans.


Bank Mandiri president director Zulkifli Zaini said it has a number of government bonds sold to Standard Chartered Bank. The bond issue foreign exchange loans Bank Mandiri gained about U.S. $ 200 million.

"And next we'll do more with one another bank, but I can not mention his name. It was very close. Hopefully we will be able to (a loan of U.S. $ 100 million or U.S. $ 200 million more," said Zulkifli met at the residence of the Governor Bank Indonesia, Jakarta, Monday (08/20/2012).

In addition, Zulkifli said it also asked the government to be able to repurchase (buyback) of government bonds owned.

Bank Mandiri was hoping to sell bond holdings recapitulation (recap bonds), amounting to Rp 78 trillion. Zulkifli claims, government bonds are available for sale can be sold alias Rp 54 trillion. Government bonds, according to Bank Mandiri in fact only adds to the burden of liability.

Higher burden will be borne by the company because of the yields on government bonds of Rp 53.7 trillion ready to sell low, only 2% -3%. Though these funds are not little, if placed on other debt instruments capable of generating at least 8% yield.

Government bonds are government bonds issued in connection with the Bank Recapitalization Program in 1997/1998. At that time, the government issued bonds worth about Rp 430 trillion. These bonds are to strengthen the national banking capital of the dying blown crisis.

Nowadays a lot of government bonds held by banks, amounting to approximately Rp 200 trillion.
sources: http://finance.detik.com

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