Jakarta - PT Bank UOB Indonesia Tbk set the coupon for the 2021 phase I bonds at 5.65 % for the three-year tenor bonds.

According to the brief prospectus released on Monday (30/8), bond phase I, is offered for a maximum of Rp100 billion.

The bonds are part of the PUB Sustainable Bonds III program, which has a target fund of Rp2 trillion.

The company plans to use the proceeds from the bond issuance to increase lending and placement of liquid securities.
Bank UOB has obtained a rating from Fitch Ratings Indonesia of 'AAA' to issue this bond.

The company appointed PT Indo Premier Sekuritas and PT UOB Kay Hian Sekuritas as the executor and underwriter of the bond issuance. The trustee was PT Bank Mandiri Tbk.

Meanwhile, the effective date of receipt was August 27, 2021, the public offering period is August 30-31, 2021, allotment is September 1, 2021, bond distribution is September 2, 2021, and listing on the IDX is Septemb