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Bank OCBC NISP to raise 8 trillion rupiah via bonds

PT Bank OCBCNISP Tbk plans to issue bonds to raise 8 trillion rupiah, Reutersreported March 30.

The bank will issue the bonds in tranches within two years.The bank will begin offering the first 2 trillion rupiah tranche of bonds bythe end of April. Proceeds from the issue will be used as funding for lending.

As of March 29, US$1was equivalent to 13,367.50 Indonesian rupiah.