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Mandiri’s $500 million global bond oversubscribed by five times

first_imgThe debt paper was oversubscribed by almost five times with demand reaching more than $2.4 billion, the bank said in a statement on Wednesday.“Around 66 percent of the investors that bought the bond came from Asia, and the remaining 34 percent came from Europe, the Middle East, Africa and the United States,” the bank said in the statement.The bank said the global bond offered a coupon of 4.75 percent per year, higher than the government’s global bond coupon of 3.9 percent issued in April. The five-year debt paper, Bank Mandiri said, would mature in 2025.It is the second global bond issued by state-owned companies this month. On Monday, Hutama Karya successfully launched its first ever global bond of US$600 million with a coupon of 3.75 percent. The bond was also oversubscribed by six times from buyers amid high demand from investors in Asia, Europe, the Middle East and the United States. Riska RahmanThe Jakarta Post/JakartaState-owned Bank Mandiri has successfully launched its US$500 million global bond as the demand from foreign investors, mostly from Asia and Europe, far exceeded the amount it offered. The bank’s treasury and international banking director Darmawan Junaidi told The Jakarta Post that the proceeds from the bond issuance would be used to strengthen its financing capacity.“It will also be used to support our business in the medium to long term,” he said via text message.He went on to say that the issuance of new bonds followed last year’s global bond issuance of US$750 million that was part of the bank’s global bond ticket of US$2 billion.State-Owned Enterprises (SOEs) Minister Erick Thohir lauded Bank Mandiri’s global bond issuance amid the uncertain global economic conditions.“Investors’ high interest in the global bond shows that Indonesia has become one of the world’s most interesting investment destinations,” he said, adding that he also encouraged other SOEs to seek other sources of funding and not only rely on funding from banks.Bank Mandiri’s global bond issuance marks the second time SOEs have issued debt papers to the offshore market amid the COVID-19 pandemic.Topics :last_img read more

Governor Wolf’s Week, September 25 – October 1, 2016

first_imgGovernor Wolf’s Week, September 25 – October 1, 2016 SHARE Email Facebook Twitter Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf By: The Office of Governor Tom Wolfcenter_img September 30, 2016 The Blog,  Weekly Update On Wednesday, Governor Wolf addressed a joint session of the General Assembly to urge lawmakers to take action against the current opioid and heroin abuse epidemic plaguing Pennsylvania. With 10 Pennsylvanians dying per day due to overdoses and 3,500 individuals lost last year from the opioid abuse epidemic, Governor Wolf encouraged the legislature to work quickly and efficiently to pass bills to combat this health crisis. During his speech, the governor also highlighted new legislative priorities to battle the epidemic.On Friday, the governor visited a newly established Center of Excellence in Bucks county to further discuss his administration’s top priority to stop opioid abuse and treat those who are suffering from Substance Use Disorder.Governor Wolf also continued his Schools That Teach tour to tout the historical investments made in education funding during his administration with stop in Lebanon.The governor also announced economic development projects and job creation opportunities in Philadelphia and Franklin County.Governor Wolf’s Week, September 25 – October 1, 2016Monday, 9/26/2016Governor Wolf Orders Flags at Half-Staff to Honor Arnold PalmerGO-TIME: DOC, Temple University Hospital Partnership Saves Costs, Improves Offender Post-Release Medical CareGovernor Wolf Makes Schools That Teach Stop in LebanonTuesday, 9/27/2016Governor Wolf Announces Five Below to Expand and Relocate National Headquarters in PhiladelphiaGovernor Wolf Statement on PennDOT Plan for 1-76 Corridor Road, Rail and Trail ImprovementWednesday, 9/28/2016Governor Wolf’s Address to Joint Session on Battling the Opioid EpidemicGovernor Wolf Outlines Legislative Priorities in Battling Opioid EpidemicThursday, 9/29/2016Wolf Administration Moves to Make Carfentanil a Schedule II Controlled SubstanceGovernor Wolf Announces Expansion of Eldorado Stone, LLC in Franklin CountyGovernor Wolf Announces $10 Million in State Funding to Redevelop Former Gallery Site into Fashion Outlets of PhiladelphiaGovernor Tom Wolf Orders Flags to Half-Staff to Honor Former President and Prime Minister of Israel Shimon PeresFriday, 9/30/2016In Bucks County, Governor Wolf Discusses Efforts to Battle Opioid EpidemicHighlights from The BlogPanel Discussion: Building Bridges to RecoveryRegistering Pennsylvanians One Tweet at a TimeWatch the Joint Session Tomorrow on Facebook LiveThe Bills We Need to Get to Gov. Wolf’s Desk to Curb the Opioid EpidemicGovernor Wolf Addresses Join Session of PA House and Senate, Urges Action to Combat Opioid Abuse Epidemic (Round-Up)Governor Wolf Joins the White House in Championing Paid Sick Leavelast_img read more