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BSM to issue IDR200 billion Islamic subdebt

Fri, 2011-05-13 14:14 — newsdesk

PT Bank Syariah Mandiri's alternative plan to adding capital besides capital injection by the parent company is to issue a subordinated sharia bond worth IDR200 billion at minimum.
Yuslam Fauzi, President Director of PT Bank Syariah Mandiri (BSM), stated that subdebt will be released as PT Bank Mandiri Tbk, the parent company, does not meet all capital requirement along the year.

Source: 

http://www.bisnis.com/corporate/23597-bsm-to-issue-idr200-billion-islami...