Bank Mandiri (BMRI) raised Rp3 trillion from selling five-year bond at a coupon of 8.5% per annum. BMRI received bids of Rp4.1 trillion, or 1.36 oversubscribed in the offering. The bond proceeds will be used for loan expansion in order to develop the bank’s operation.

The lender has appointed six securities firm as underwriters namely Mandiri Sekuritas, Bahana Sekuritas, BCA sekuritas, BNI Sekuritas, Danareksa Sekuritas and Trimegah Sekuritas.