BRI Strengthens Commitment to Sustainable Finance with New Green Bonds
- BRI issues oversubscribed Green Bonds, reinforcing commitment to sustainable finance
- Funds allocated to renewable energy and sustainable projects
- None.
The 2023 Green Bonds Phase II was oversubscribed 2.66 times during the book-building period, reaffirming BRI as
Proceeds from the Green Bonds issuance will mainly support renewable energy, energy efficiency, pollution control, eco-friendly transportation, and sustainable land use projects. This highlights BRI's commitment to a Green Economy and Sustainable Principles, with previous issuances including Sustainable Bonds, Sustainable-Linked Loans, Medium-Term Notes, and Subordinated Debt.
At least
"BRI is confident in its capacity to generate value while also nurturing social well-being across all segments of society. This aligns with our vision to be recognized as The Most Valuable Banking Group in
Achmad Royadi, SEVP Treasury and Global Services at BRI, emphasized that this corporate initiative solidifies BRI's leadership in implementing ESG principles. "The Green Bonds issuance also saw demand from retail investors, showcasing BRI's commitment to the government's financial inclusion strategy. The bonds maintain relatively low risk, with an idAAA (Triple A) rating from Pefindo, underscoring BRI's ability to meet long-term financial obligations," concluded Achmad.
The schedule for the issuance of BRI's Green Bonds Phase II in 2023:
- Estimated Public Offering Period: October 6 – 9, 2023
- Estimated Allotment Date: October 10, 2023
- Estimated Electronic Bonds Distribution Date: October 12, 2023
- Estimated Securities Listing Date on the Indonesia Stock Exchange: October 13, 2023
More information about BRI at www.bri.co.id.
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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)