Jakarta - PT Bank KB Bukopin Tbk (BBKP) plans to issue sustainable bonds I phase I in 2021 and sustainable subordinated bonds III phase I in 2021 with a principal amount of Rp1 trillion each.

In the short prospectus published on Friday (13/8), the company offers the first phase of the continuous bonds program in two series, Series A with a tenor of 3 years and series B with a term of 5 years.

Meanwhile, the company offers the first phase of continuous subordinated bonds in two series, series A with a tenor of 5 years and series B with a tenor of 7 years.

Continuous Bonds I Phase I are part of the continuous for sustainable bonds I program of Bank KB Bukopin with a target of raising funds of Rp2 trillion and continuous of subordinated bonds III program with a target of raising funds of Rp2 trillion.

The company planned to use all the proceeds from the continuous bonds programs and subordinated bonds to be used for the development of corpor