Bank Mandiri Successfully Issues Rp5 Trillion Sustainability Bonds

Strategic Allocation for Green and Social Initiatives

PT Bank Mandiri Tbk (BMRI) has successfully issued sustainability bonds worth Rp5 trillion in the first phase of 2025. The funds will be allocated to projects that fall under both environmentally focused activities (KUBL) and social impact initiatives (KUBS). The issuance is part of Mandiri's broader strategy to expand its sustainable financing capabilities while aligning with national sustainability goals.

Allocation Details

The bond proceeds will be distributed as follows:

• 60% for green projects: Focusing on renewable energy, sustainable natural resource management, and products that reduce resource consumption and pollution
• 40% for social projects: Targeting essential service access, job creation programs, and MSME financing initiatives

Bond Structure

The sustainability bonds have been issued in three series with tenors of 370 days, 3 years, and 5 years. The bonds feature fixed coupon rates paid quarterly through KSEI. The final interest rates for each series will be determined at a later stage.

Market Reception and Ratings

The bond issuance has received a idAAA rating from Pefindo, reflecting Mandiri's strong risk profile and asset quality. The bank has observed growing investor interest in sustainable financial instruments, particularly as green and social financing needs continue to rise across various sectors.

Issuance Timeline

Key dates for the bond issuance include:

• Preliminary offering: November 28 - December 4, 2025
• Public offering period: December 15-16, 2025
• Allocation date: December 17, 2025
• Distribution date: December 19, 2025
• Listing date on Indonesia Stock Exchange: December 22, 2025

Strategic Implications

This sustainability bond issuance aligns with Mandiri's commitment to supporting Indonesia's transition to a more sustainable economy. The bank aims to optimize fund absorption within one year as per POJK 18/2023 regulations, thereby strengthening both the people's economy and financial sector resilience.