Obligation Funds to Support Business Development
Jakarta, 26 May 2011. After successfully issuing BTPN Bonds I 2009, BTPN Bonds II 2010, and Bonds III November 2010, PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) will soon issue Revolving Bond (Obligasi Berkelanjutan) I in the amount of Rp 2,5 trillion. This bonds will be issued in tranches within two years in accordance with the most recent rule of Bapepam. For the first tranche in this year of 2011, BTPN targets the issuance of Rp 500 billion from the total of such Rp 2,5 trillion.
“The issuance of the Revolving Bond (Obligasi Berkelanjutan) I by BTPN is part of the strategic plan of BTPN to gather the long term financing as the supporting of the funds collected from the public. As such, BTPN can perform its intermediary function in a more optimal manner,” explained Jerry Ng, President Director of BTPN. Further, Jerry disclosed that the plan for the issuance of BTPN Bonds at this point of time is related to the success on the issuance of BTPN Bonds in year of 2009 and 2010.
This Bonds Continuous Issuance I obtains National Long-term rating AA- (idn) with the prospect rating of Stable by Fitch Ratings. “Fitch Ratings publishes the issuance rating of BTPN Bonds of AA- (idn). This rating reflects the ability of BTPN in maintaining the quality of the assets of the company, the improvement on the financing structure, and the strong performance,” said Jerry.
The structure of the offered BTPN III Bonds consists of 2 (two) series, which are Series A with the term of 3 (three) years with the fixed interest rate range of 8,9% - 9,6% (p.a.) and Series B with the term of 5 (five) years with the fixed interest rate range of 9,5% - 10,2% (p.a.). Acting as the underwriters are PT Danareksa Sekuritas, PT Indo Premier Securities, PT Standard Chartered Securities Indonesia, while the trustee is trusted to Permata Bank.
This Bonds issuance will support the business development of BTPN, particularly on providing the financing access as wide possible in two market shares focused by BTPN which are the retiree and the MSE player. All proceed obtained as the result from this issuance of Bonds, after deducted by issuance fees, will be entirely used to the development of business in the form of credit in accordance with the business focus. “We hope that this Bonds issuance can be one of the attractive investment instruments for the investors as well as at the same time can become the alternative on the long-term financing for BTPN,” explained Jerry while closing the conversation.
Prime Performance of BTPN
As of 31 March 2011
Commitment of BTPN in developing business with the focus on the market share of retiree and Micro & Small Enterprises (MSE) has significantly increased the performance of the company. Up to 31 March 2011, BTPN has booked the credit growth of 40% (year-on-year / yoy) up to Rp 24,7 trillion. The growth on the provision of credit is balanced by the growth on the Third Party Fund (DPK) of 34% (yoy) up to Rp 27 trillion. As of 31 March 2011, the assets of BTPN is amounting to Rp 36,7 trillion, or growing 51% (yoy).
The growth on the performance of BTPN is supported by the implementation of prudent principle, as reflected on the low ratio on gross Non Performing Loan (NPL) gross of 1% (or in net basis of 0,4%) where it places BTPN as one of the banks with the lowest NPL in the banking industry.
The high growth of credit with the maintained quality results in the increment of net profit of BTPN, reaching Rp 272 billion or growing in the amount of 76% (yoy). Capital Adequacy Ratio of BTPN (CAR) is in the position of 21,7% as of 31 March 2011.
Currently BTPN has served of more than 800,000 customers, rapidly growing within the period of less than 3 years, through 1,094 office network which has been operating on online real time basis, spread over from Aceh up to Papua.