BRI Becomes First in Indonesia to Issue IDR 5 Trillion Social Bond to Support Inclusive, Sustainable Financing
Bank Rakyat Indonesia (BKRKY) has made history as the first Indonesian bank to issue a Social Bond, raising IDR 5 trillion with an impressive 1.31x oversubscription. The bond, rated Triple A (idAAA) by PEFINDO, is part of a larger IDR 20 trillion Sustainable Public Offering Program.
The Social Bond is structured in three series with varying tenors and interest rates: Series A (2-year, 6.45%), Series B (3-year, 6.55%), and Series C (5-year, 6.60%). The issuance aims to strengthen BRI's funding structure, diversify wholesale funding sources, and demonstrate the bank's commitment to ESG-oriented financing and financial inclusion.
Bank Rakyat Indonesia (BKRKY) ha fatto la storia diventando la prima banca indonesiana a emettere un Social Bond, raccogliendo IDR 5 trilioni con un'impressionante sovrapposizione di domanda pari a 1,31 volte. L'obbligazione, valutata Tripla A (idAAA) da PEFINDO, fa parte di un più ampio Programma di Offerta Pubblica Sostenibile da IDR 20 trilioni.
Il Social Bond è strutturato in tre serie con durate e tassi di interesse differenti: Serie A (2 anni, 6,45%), Serie B (3 anni, 6,55%) e Serie C (5 anni, 6,60%). L'emissione ha l'obiettivo di rafforzare la struttura di finanziamento di BRI, diversificare le fonti di finanziamento all'ingrosso e dimostrare l'impegno della banca verso il finanziamento orientato all'ESG e l'inclusione finanziaria.
Bank Rakyat Indonesia (BKRKY) ha hecho historia al convertirse en el primer banco indonesio en emitir un Social Bond, recaudando IDR 5 billones con una sobresuscripción impresionante de 1,31 veces. El bono, calificado Triple A (idAAA) por PEFINDO, forma parte de un Programa de Oferta Pública Sostenible de IDR 20 billones más amplio.
El Social Bond está estructurado en tres series con distintos plazos y tasas de interés: Serie A (2 años, 6,45%), Serie B (3 años, 6,55%) y Serie C (5 años, 6,60%). La emisión tiene como objetivo fortalecer la estructura de financiamiento de BRI, diversificar las fuentes de financiamiento mayorista y demostrar el compromiso del banco con la financiación orientada a ESG y la inclusión financiera.
Bank Rakyat Indonesia (BKRKY)는 인도네시아 은행 중 최초로 사회적 채권(Social Bond)을 발행하며 역사적인 기록을 세웠습니다. IDR 5조를 모금했으며, 1.31배의 높은 초과 청약률을 기록했습니다. 이 채권은 PEFINDO로부터 트리플 A(idAAA) 등급을 받았으며, IDR 20조 규모의 지속 가능 공개 모집 프로그램의 일부입니다.
사회적 채권은 만기와 이자율이 각각 다른 세 가지 시리즈로 구성되어 있습니다: 시리즈 A (2년, 6.45%), 시리즈 B (3년, 6.55%), 시리즈 C (5년, 6.60%). 이번 발행은 BRI의 자금 조달 구조를 강화하고, 도매 자금 조달원을 다양화하며, ESG 지향 금융과 금융 포용에 대한 은행의 의지를 보여주기 위한 것입니다.
Bank Rakyat Indonesia (BKRKY) a marqué l'histoire en devenant la première banque indonésienne à émettre une obligation sociale, levant 5 000 milliards IDR avec une sursouscription impressionnante de 1,31 fois. L'obligation, notée Triple A (idAAA) par PEFINDO, fait partie d'un programme d'offre publique durable de 20 000 milliards IDR.
L'obligation sociale est structurée en trois séries avec des maturités et des taux d'intérêt différents : série A (2 ans, 6,45 %), série B (3 ans, 6,55 %) et série C (5 ans, 6,60 %). Cette émission vise à renforcer la structure de financement de BRI, diversifier les sources de financement de gros et démontrer l'engagement de la banque envers un financement axé sur l'ESG et l'inclusion financière.
Bank Rakyat Indonesia (BKRKY) hat Geschichte geschrieben, indem es die erste indonesische Bank war, die eine Social Bond emittierte und dabei IDR 5 Billionen mit einer beeindruckenden Überzeichnung von 1,31x einnahm. Die Anleihe, die von PEFINDO mit Triple A (idAAA) bewertet wurde, ist Teil eines größeren IDR 20 Billionen Sustainable Public Offering Programms.
Die Social Bond ist in drei Serien mit unterschiedlichen Laufzeiten und Zinssätzen strukturiert: Serie A (2 Jahre, 6,45%), Serie B (3 Jahre, 6,55%) und Serie C (5 Jahre, 6,60%). Die Emission zielt darauf ab, die Finanzierungsstruktur von BRI zu stärken, die Quellen der Wholesale-Finanzierung zu diversifizieren und das Engagement der Bank für ESG-orientierte Finanzierung sowie finanzielle Inklusion zu demonstrieren.
- First bank in Indonesia to issue a Social Bond, demonstrating market leadership
- Strong market demand with 1.31x oversubscription (IDR 6.57 trillion vs IDR 5 trillion target)
- Triple A (idAAA) rating from PEFINDO indicates strong creditworthiness
- Part of larger IDR 20 trillion Sustainable Public Offering Program showing long-term commitment
- Higher interest rates ranging from 6.45% to 6.60% represent significant cost of capital
- Quarterly coupon payments and bullet repayment structure may create future cash flow pressure
This bond is part of BRI's Sustainable Public Offering Program I, which aims to raise a total of
The agreement signing was attended by BRI President Director Hery Gunardi, Director of Treasury & International Banking Farida Thamrin, Director of Operations Hakim Putratama, joint lead underwriters, and supporting institutions.
BRI President Director Hery Gunardi explained that the bank's decision to issue a Social Bond stems from the limited availability of socially focused securities instruments in
He further stated that the Social Bond issuance is aligned with the bank's strategy to strengthen its funding structure through the diversification of wholesale-based funding sources. "This move also serves as part of the company's strategy to broaden access to more competitive and sustainable capital markets," he added.
The bond has received a Triple A (idAAA) rating from the Indonesian credit rating agency PEFINDO and is offered in three series:
Series A: 2-year tenor with a fixed interest rate of
Series B: 3-year tenor with a fixed interest rate of
Series C: 5-year tenor with a fixed interest rate of
Issued through a bookbuilding process, the bond involves prominent underwriters including PT BRI Danareksa Sekuritas, PT Trimegah Sekuritas Indonesia Tbk, PT Mandiri Sekuritas, PT DBS Vickers Sekuritas Indonesia, PT Indo Premier Sekuritas, and PT Bahana Sekuritas. The Social Framework was developed with ESG Coordinator Bank DBS Indonesia.
The bond will be listed on the Indonesia Stock Exchange (IDX) and registered with KSEI. Coupon payments will be made quarterly, with a full principal repayment (bullet payment) at maturity.
Hery concluded that this issuance reinforces BRI's commitment to expanding financial inclusion and empowering communities through sustainable financing.
For more information about BANK BRI, visit www.bri.co.id
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)
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