Panin Bank uses IDR 493.51 billion bond proceeds for working capital loans to third parties
Reuters2026/08/27 04:46- PT Bank Pan Indonesia disclosed full use of net proceeds from its June 18, 2026 bond issuance, leaving no remaining funds.
- Obligasi Berkelanjutan V Bank Panin Tahap I Tahun 2026: gross IDR 500 billion, costs IDR 6.5 billion, net IDR 493.51 billion.
- Net proceeds allocated 100% to working capital, focused on lending to third parties.
- Obligasi Subordinasi Berkelanjutan V Bank Panin Tahap I Tahun 2026: gross IDR 50 billion, costs IDR 815 million, net IDR 49.19 billion.
- Subordinated bond proceeds used 100% for working capital, including Tier 2 capital to support credit expansion.
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