Jakarta - PT Bank Pembangunan Daerah Sulawesi Utara Gorontalo sets the coupon for the first phase of 2021 bonds at 7.80% with a 5-year tenor.

Based on the brief prospectus published on Monday (30/8), bond phase I is offered for a maximum of Rp750 billion.

The bonds are part of the Sustainable Bonds I program, with a target fund to be raised to reach Rp1 trillion.

All funds obtained from the proceeds of the bond sale program will be used to increase lending. Credit disbursement is focused on pension loans, employee loans, and MSME loans.

In order to issue this bond, Bank UOB has obtained a rating from Fitch Ratings Indonesia, namely 'A'.

The company appointed PT Indo Premier Sekuritas as the underwriter of the issuance, with the trustee being PT Bank Mandiri Tbk.

The implementation schedule is the effective date received on 27 August 2021, the public offering period 30-2 September 2021, the allotment 3 September 2021