KNews.id- In 2016, Bukopin issued MTN or medium-term notes I Series A and B, amounting to IDR 268 billion and IDR 192 billion respectively with a fixed interest of 8.50 percent and maturing in 2017 respectively.
Previously, in 2015 Bank Bukopin issued Subordinated Bonds II of IDR 400 billion with a fixed interest rate of 12% per year and the principal of the bonds will mature on June 30, 2022.
And, in 2012 Bank Bukopin issued Subordinated Bonds I with a principal amount of IDR 1.5 trillion, and bond interest of 9.25 percent, and will mature on March 6 2019.
Based on these conditions, a public assessment arises, every year Bank Bukopin issues continuous bonds as if it has no “brakes”, alias careful calculations. So that this bond is feared to be very burdensome to the bank’s finances.
The Editors of FinanceNews have tried to contact Bukopin management but there has been no response. (FHD/KA)