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Fitch: Bank Rakyat Indonesia raises US$500M in note offering

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Fitch: Bank Rakyat Indonesia raises US$500M in note offering

PT Bank Rakyat Indonesia (Persero) Tbk raised US$500 million via an offering of senior unsecured notes, Fitch Ratings said March 25.

The notes have a tenor of five years. The bank will use proceeds from the issuance to finance or refinance projects under its framework for sustainable bonds.