Bank CIMB Niaga (BNGA) issued bonds worth Rp1.25 trillion, part of its Rp8 trillion bond issue program, for funding the expansion of lending or credit. The bond has three series with tenor of 370 days, 3 years, and 5 years, offering annual coupon rates at 7.5%, 8.5%, 8.8% respectively. Per July, CIMB Niaga’s loans grew 2.4% to Rp179.56 trillion.
