TEMPO.CO, Jakarta - Indonesia Eximbank has earmarked a total of Rp2.7 trillion (US$225 million) for this year’s new financing. The source of the fund was the second issuance of third phase continuous bonds in 2014.
“We could make the deal this year. But the money can be cashed next year,” Indonesia Eximbank executive director Ngalim Sawega said after Indonesia Eximbank’s business gathering in Surabaya on Thursday night, October 9, 2014.
Indonesia Eximbank—formerly the Indonesian Export Financing Agency—issued the second phase continuous bonds in 2014 worth Rp2.706 trillion (US$225 million), which is a continuance of the second phase issuance targeting Rp24 trillion (US$2 billion) within 3 years. The company has appointed PT CIMB Securities, HSBC Securities Indonesia, Indopremier Securities and Standard Chartered Securities Indonesia as the insurers.
By the third quarter, the Eximbank’s total asset has reached Rp59 trillion (US$4.9 billion). Whitin five years, Indonesia Eximbank has set a target to achieve a total asset of Rp150 trillion (US$12.5 billion), provided that the company gains additional capital.
ARTIKA RACHMI FARMITA