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Bank Tabungan Pensiunan Nasional cancels 1.5 trillion rupiah bond issuance

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Bank Tabungan Pensiunan Nasional cancels 1.5 trillion rupiah bond issuance

PT Bank Tabungan Pensiunan Nasional Tbk canceled its planned 1.5 trillion rupiah bond issuance, the third tranche of a series, IDNFinancials reported May 28, citing the bank's director, Anika Faisal, who said changing credit conditions has left the Indonesian lender with sufficient liquidity.

Under the program, the company was aiming to raise 4 trillion rupiah.

As of May 28, US$1 was equivalent to 13,985 Indonesian rupiah.