INDONESIA - CAPITAL MARKETS - BSM: There is a possibility of Subordinated Sukuk Issue

REPUBLIKA.CO.ID, JAKARTA - PT Bank Syariah Mandiri (BSM) claim is likely to issue subordinated sukuk. That eroded the capital adequacy ratio of expansion, is now positioned 11.24 percent, causing BSM think this effort.

However, Managing Director of BSM, Yuslam Fauzi, still reluctant to said further. "We can not mention the value because the domain of Bank Mandiri as a parent," he said when met a number of journalists in the First Semester Exposure BSM Performance. (source)

BSM said has submitted a request to the Independent capital of Rp 900 billion. If capital is not sufficient to add this value, the new BSM will issue subordinated sukuk.

Self-confessed optimist Yuslam would meet 50 percent of its subsidiary's. "Parent commitments with our development," he said.

BSM: Ada Kemungkinan Terbitkan Sukuk Subordinasi

Kamis, 25 Agustus 2011 12:59 WIB

REPUBLIKA.CO.ID,JAKARTA - PT Bank Syariah Mandiri (BSM) mengaku kemungkinan akan menerbitkan sukuk subordinasi. Rasio kecukupan modal yang tergerus ekspansi, kini diposisi 11,24 persen, menyebabkan BSM memikirkan upaya ini.

Meski demikian, Direktur Utama BSM, Yuslam Fauzi, masih enggan menuturkan lebih lanjut. “Kami belum bisa sebutkan nilai karena domain Bank Mandiri sebagai induk,” katanya saat dijumpai sejumlah wartawan dalam Pemaparan Kinerja BSM Semester Pertama.

BSM menuturkan telah menyampaikan permintaan modal kepada Mandiri sebesar Rp 900 miliar. Jika modal yang akan ditambahkan belum mencukupi nilai ini, BSM baru akan mengeluarkan sukuk subordinasi.

Yuslam mengaku optimistis Mandiri bakal memenuhi 50 persen kebutuhan anak usahanya itu. “Induk komitmen dengan perkembangan kami,” katanya.

Source :  http://www.republika.co.id/berita/syariah/keuangan/11/08/25/lqgzay-bsm-ada-kemungkinan-terbitkan-sukuk-subordinasi - Aug 25, 2011 - google translate