Bank Mandiri's Sustainability Bonds Achieve 3.10x Oversubscription

Strong Investor Demand

Bank Mandiri has successfully issued Rp 5 trillion worth of sustainability bonds in its first phase of 2025, with the issue being 3.10 times oversubscribed at Rp 15.5 trillion ¹

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https://finansial.bisnis.com/read/20251223/90/1939125/obligasi-keberlanjutan-bank-mandiri-oversubscribed-310-kali-setara-rp155-triliun

. This strong demand reflects investor confidence in the bank's financial fundamentals and growth prospects despite global and domestic economic challenges.

Bond Structure and Pricing

The bond issuance was structured in three series: Series A with a 370-day tenor and 4.85% coupon rate (Rp 1 trillion), Series B with a 3-year tenor and 5.45% coupon rate (Rp 2 trillion), and Series C with a 5-year tenor and 5.95% coupon rate (Rp 2 trillion) ²

. The bonds received a idAAA rating from Pefindo, indicating highest credit quality.

Investor Confidence and Future Plans

The successful issuance demonstrates investors' trust in Bank Mandiri's strong financial performance and growth potential. According to Ari Rizaldi, Director of Treasury and International Banking, the bank will continue to strengthen its business growth while maintaining sustainability and inclusivity. The funds will be allocated to renewable energy projects (60%) and social impact initiatives (40%), including access to essential services and SME financing.

Market Impact

This successful bond issuance not only demonstrates market confidence in Bank Mandiri but also highlights the growing importance of sustainable finance in Indonesia's capital markets. The transaction was managed by a consortium of leading underwriters including Mandiri Sekuritas, BCA Sekuritas, and others ²

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