PT Bank OUB Indonesia Tbk plans to issue sustainable bonds III phase I in 2021 in Rp100 billion.

The brief prospectus published Friday (6/8), the Phase I Sustainable Bonds III, is part of the Sustainable Public Offering III program with a target of raising funds to reach Rp2 trillion.

These sustainable bonds are offered in three series: Series A with a tenor of 370 days, series B with a tenor of 3 years, and series C with a tenor of 5 years.

The company plans to use all the proceeds from this bond issuance to increase securities lending and placement.

The company has obtained a rating from Fitch Ratings Indonesia to issue this bond, 'AAA.'

The underwriters for the bond issuance were entrusted to Indo Premier Securities Indonesia and UOB Kay Hian Sekuritas Indonesia. The trustee is PT Bank Mandiri Tbk.

Meanwhile, the bond implementation schedule is the initial offering period 6-13 August 2021, estimated effective dat