BNI and Mandiri boldly go....

BNI mandates dollar sub debt issue as Bank Mandiri sets off on roadshows.

Jackie Horne

July 17, 2002

Setting a new global precedent for the banking sector, Bank Mandiri set off on roadshows in Jakarta on Wednesday for a $150 million to $175 million lower tier 2 debt issue via UBS Warburg and Mandiri Sekuritas. Pending the success of the 10 non-call five offering, which has already garnered strong onshore support, BNI aims to follow as early as September with a $100 million to $150 million issue via JPMorgan.

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