The Indonesian bank PT Bank Mandiri (Persero) Tbk. (BMRI) has achieved positive performance in the international financial market through the issuance of a global debt of $750 million with a 5-year term and a coupon rate of 5.25% by March 31, 2026.
The issuance also saw an oversubscription of 3.3 times, indicating increasing interest from international investors in Bank Mandiri.
Ari Rizaldi, the director of treasury and international banking at Bank Mandiri, stated that this issuance was significant as Bank Mandiri was the first issuer in Southeast Asia to re-enter the international bond market after heightened geopolitical tensions in the Middle East at the end of February 2026.
“This achievement also reflects the integrated synergy in enhancing access to global financing and maintaining the flexibility of the company’s funding structure,” he said in a statement on Thursday, April 2.
He mentioned that amidst market conditions that were generally weak due to low trading sessions in the United States, Bank Mandiri took a cautious approach and waited for a more significant momentum during the Asian market opening.
Furthermore, Ari stated that Bank Mandiri implemented an intraday execution strategy to limit market risk exposure while optimizing the positive momentum.
“This strategy has proven effective in maintaining transaction execution stability and garnering a positive response from global investors, supported by Bank Mandiri’s track record as an active issuer in the international market and strong relationships with the investor base, in line with efforts to strengthen the company’s sustainability excellence,” he added.
Ari noted that the increased interest from investors reflected global confidence in the financial fundamentals and performance of Bank Mandiri. This move also confirms the bank’s solid fundamentals with the BMRI issuance code, encouraging accelerated growth in the context of global market dynamics.
“The results of this transaction show that international investors continue to have confidence in Indonesian fundamentals and in Bank Mandiri amid a challenging global macroeconomic and geopolitical context. The funds raised will be used for general corporate purposes to support business growth,” he stated.
The debt received a BBB rating from S&P Global Ratings and Fitch Ratings, and is listed on the Singapore Stock Exchange.
Additionally, investor confidence is reflected in diversified distribution, with allocations to fund managers and asset managers (85%), banks (8%), government institutions and sovereign funds (3%), insurance companies (3%), and private banks (1%).
By region, investors come from Asia (69%), Europe, the Middle East, and Africa/EMEA (26%), as well as offshore American investors (5%).
Ari emphasized that the diversification of investors confirms Bank Mandiri’s sustainable advantage in maintaining international market confidence through solid fundamentals and disciplined financing strategies.
This transaction is supported by DBS Bank Ltd., HSBC, J.P. Morgan, Mandiri Sekuritas, and Standard Chartered Bank acting as joint bookrunners and lead managers.
