Bank Bukopin is Ready to Coordinate With OJK Convertible About Bond Problem

INDUSTRY.co.id - Jakarta - Bank Bukopin says it is ready to coordinate with the Financial Services Authority (OJK) regarding the latest regulation of convertible bonds or convertible bonds to strengthen capital as a systemic risk mitigation step of the systemic bank.

President Director of Bank Bukopin Tbk Eko Gindo Rachmansyah said Bank Bukopin still has room for it, but it has not been discussed in Bank Business Plan (RBB).

"No convertible bond plan, we coordinate with OJK, not input RBB," he said in Jakarta, Monday (29/1/2018).

The provisions of the convertible bond are listed in OJK Regulation (POJK) No 14 / POJK.03 / 2017 concerning action plan for systemic bank.

The obligation to own debt instruments that have these capital characteristics must be met within a period of 18 months from the date the action plan is received by OJK.

Under the POJK, the deadline for systemic banks to issue bonds that can be converted into capital until the end of this year.

"There is still room II semster," he said.