Bank Jatim to Issue Continuous Bond I Phase I 2025, Up to IDR 2 Trillion.
Date: 01 september 2025Categories :
JAKARTA, September 1, 2025 – PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) will issue the Bank Jatim Continuous Bond I Phase I Year 2025 with a maximum value of IDR 2 trillion. This was marked by the Press Conference – Investor Gathering for the Continuous Public Offering (PUB) of Bank Jatim Continuous Bond I Phase I 2025 held on Monday (1/9) at Chubb Square, Thamrin Nine Jakarta. Also present at the event were the Acting President Director of Bank Jatim, Arif Suhirman, and the Director of Compliance of Bank Jatim, Umi Rodiyah.
Arif said that the issuance is part of the PUB I program with a total fundraising target of IDR 5 trillion. The bond issuance is a strategic step for Bank Jatim to strengthen its funding structure and support its business expansion plans. "We are issuing this bond to maintain liquidity, strengthen financing capacity, and broaden our intermediation function. With stronger working capital, we can increase credit expansion to prime sectors and provide a competitive yield for the Company. We want to ensure that Bank Jatim's growth is healthy, measurable, and provides benefits for all stakeholders," said Arif.
The bond is offered in two series, namely Series A with a 3-year tenor and Series B with a 5-year tenor. Coupon payments are made quarterly with a 30/360 day count basis. The bookbuilding period will take place from September 1–16, 2025, with an estimated effective date of September 24, 2025. Subsequently, the public offering period is planned for September 26–29, 2025, with allotment on September 30, 2025. The bond is expected to be listed on the Indonesia Stock Exchange on October 3, 2025.
PEFINDO has assigned an idAA- (Double A Minus) rating with a stable outlook for this bond. The rating indicates a low-risk profile and a maintained prospect for Bank Jatim's growth. The funds raised will be used for working capital to support credit disbursement expansion and maintain long-term liquidity.
Bank Jatim's financial performance up to June 2025 serves as a strong basis for this bond issuance. The Company recorded total consolidated assets of IDR 118.15 trillion, an increase of 16.71 percent compared to June 2024. Consolidated net profit also grew significantly by 30.64 percent from IDR 621 billion to IDR 811 billion. Loans disbursed rose by 35.27 percent to IDR 78.55 trillion, while Third Party Funds (DPK) increased by 13.04 percent to IDR 91.6 trillion. This growth reflects the solidity of the fundamentals and the increasing level of public trust. "These healthy fundamentals are the basis of our optimism. With consistent growth in assets, profit, and credit, we are confident that this bond issuance will be positively welcomed by investors," Arif added.
Bank Jatim's position in the regional banking industry is also becoming stronger. As of June 2025, Bank Jatim ranked second largest among 10 Regional Development Banks (BPD) in Indonesia based on total assets, which amounted to IDR 101.75 trillion. Bank Jatim's share ownership structure consists of the East Java Provincial Government at 51.13 percent, Regency/City Governments across East Java at 28.35 percent, and the public at 20.52 percent.
Bank Jatim has a long track record in bond issuance. The first was in 1988 valued at IDR 25 billion, followed by IDR 50 billion in 1991, and IDR 400 billion in 2003. For this year's issuance, Bank Jatim appointed four joint lead underwriters, namely PT Trimegah Sekuritas Indonesia Tbk, PT BNI Sekuritas, PT Mandiri Sekuritas, and PT Maybank Sekuritas Indonesia.
In addition to strengthening funding, Bank Jatim continues to accelerate its digital transformation in line with the 2024–2027 Regional Development Banks Roadmap. The Company is developing digital services such as JConnect Mobile, which as of June 2025 has recorded more than 880 thousand users with a transaction volume of IDR 29.41 trillion, as well as Agen Jatim, which now totals 14,008 agents with transactions of IDR 190.06 billion. These services expand banking access to remote areas and support financial inclusion.
Arif emphasized that this bond issuance is also in line with Bank Jatim's vision to become the No. 1 Regional Development Bank in Indonesia. "We understand the market challenges, ranging from purchasing power volatility to SME dynamics. However, with disciplined risk management strategies and strong fundamentals, we are optimistic that this bond will be successful and further strengthen Bank Jatim's contribution to regional and national economic development," Arif concluded.
PT BANK PEMBANGUNAN DAERAH JAWA TIMUR Tbk
Jl. Basuki Rahmat 98-104 Surabaya
T : (031) 5310090-99 ext 471
F : (031) 5310838