PT Bank Negara Indonesia (Persero) Tbk or BNI announces plans to issue Sustainability Bond I Phase I of 2025 with a maximum value of IDR 5 trillion. These bonds are part of a Sustainable Public Offering (PUB) with a total fundraising target of IDR 15 trillion.
The issuance's profits will be focused on financing projects that meet the criteria of environmentally sound business activities (KUBL) and socially sound business activities (KUBS).
BNI Corporate Banking Director Agung Prabowo said the bond issuance is part of BNI's strategy to secure medium-long term funding sources amidst challenging market liquidity conditions.
“This is an anticipatory step to keep our liquidity structure solid, while supporting sustainable financing which is part of our commitment to environmental, social, and governance (ESG),” Agung explained.
Acting as underwriters in this issuance are PT BNI Sekuritas, PT BCA Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Sekuritas Indonesia Tbk. Meanwhile, PT Bank Rakyat Indonesia (Persero) Tbk acted as trustee. Pefindo assigned an idAAA rating to these bonds, signifying a high level of confidence in BNI's ability to fulfill its financial obligations.
The initial bond offering period runs from June 12-19, 2025, with an effective date on June 25, 2025. The public offering period is held on June 30-July 1, 2025, while the listing date on the Indonesia Stock Exchange (IDX) is scheduled for July 7, 2025.
The bonds consist of two series, namely, Series A with a 3-year tenor and Series B with a 5-year tenor, with quarterly interest payments and bullet payment of principal at maturity.
The bonds will be listed and traded on the IDX. The entire issuance and distribution process is carried out electronically through the system of PT Kustodian Sentral Efek Indonesia (KSEI), with bond ownership confirmation issued by KSEI, securities companies, or custodian banks.
Agung further explained that BNI's financial condition is very healthy, as evidenced by the performance of the financial year 2024 which recorded a net profit of IDR 21.7 trillion, up 2.7% on an annual basis.
The capital adequacy ratio (CAR) stood at 21.4%, well above the minimum requirement, while net NPLs were maintained at 0.7%. “These conditions provide ample room for us to remain expansive and responsible in supporting national development,” Agung added.
Proceeds from the Sustainability Bond issuance will be used to finance or refinance projects in accordance with sustainability principles. For KUBS, BNI will prioritize job creation and unemployment reduction, including MSME financing which will be allocated more than 50% of the KUBS funds.
As for KUBL, the main focus includes renewable energy, green transportation, and waste-to-energy conversion projects.
The entire project selection process is conducted through a rigorous mechanism and involves the BNI sub-ESG Committee. This process starts from project submission by the business unit, feasibility evaluation by the risk management unit, to final approval by the sub-ESG Committee, ensuring that the funds raised are truly allocated according to sustainability principles.
BNI has also received an independent opinion from Sustainalytics stating that BNI's Sustainability Bond framework is credible and in line with international and ASEAN standards.
“This strengthens BNI's position as a bank that not only focuses on profitability, but also makes a real contribution to environmental sustainability and social inclusion in Indonesia,” Agung concluded.