Regional development bank Bank Pembangunan Daerah Lampung, or Bank Lampung, plans to issue bonds worth Rp750 billion with tenor of five years, used to fund its loan expansion. The book building starts today and will last in June 9, 2017. The offering is scheduled for June 23, 2017 to July 3, 2017. Danareksa Sekuritas will act as underwriter for this bond issue. Bank Lampung has assets of Rp5.36 trillion by December 2016 while liability amounted Rp4.64 trillion. The Bank booked net profit of Rp146.59 billion last year on net interest income of Rp420 billion.
