JAKARTA: Five local brokerages are frenzy to compete to be underwriters of IDR500 billion subordinated debt issuance which will be issued by PT Bank Bukopin Tbk. There are five potential securities houses to be an underwriter for the issuance, namely Bahana Securities, Danareksa Sekuritas, Indo Premier Securities, Trimegah Securities, and Andalan Artha Advisindo, he told Bisnis this week.In addition, Director of Bukopin Tri Joko Prihanto expects for the company to be listed into the market by offering the subdebt in a mid of this year.Based on a regulation of Bank Indonesia, out of total proceed of the subdebt issuance, about 50% may be calculated into tier II capital leading to higher capital adequacy ratio (CAR).Actually, CAR of the leading lender had achieved by 16.3% , however, considering on quite huge expansion fund , the management still targets to enhance the capital by issuing the subdebt.At early of this year, Bukopin had held the rights issue by releasing 2.051 billion new shares of B class with a nominal value by IDR100 a share. The shares was offered at a price of IDR520 per share with total proceed to IDR1.06 trillion.In the meantime, Bukopin through general meeting of shareholders (RUPS) yesterday distributed IDR172.4 billion dividend (IDR21 per share) or equivalent with 35% of total net income in 2010 by IDR493 billion on July 4 2011.Then, the remaining of total net income by IDR320.2 billion was retained earnings allocated as capital reserve.Furthermore, through RUPS Abdul Waries Patiwiri was mandated as a commissionaire of Bukopin that will be effective after pocketing an approval of Bank Indonesia.Stated in management stock option plan this year, the bank also sets eyes for IDR18 billion additional capital from the issuance of 39.76 million new shares.(t01/wiw)

Cek Berita dan Artikel yang lain di Google News dan WA Channel

---

Artikel Terkait

Berita Lainnya

Berita Terbaru