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Fitch: KEB Hana Indonesia to issue 773B rupiah of notes

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Fitch: KEB Hana Indonesia to issue 773B rupiah of notes

PT Bank KEB Hana Indonesia plans to raise up to 773 billion rupiah via an issuance of senior unsecured medium-term notes, Fitch Ratings said May 24.

The notes will have a maturity of up to three years.

The proceeds from the issuance will be used to support the bank's business growth.

Bank KEB Hana Indonesia is a unit of South Korea's Hana Financial Group Inc.

As of May 24, US$1 was equivalent to 14,150.00 Indonesian rupiah.