Jakarta – PT Bank Mandiri, Tbk. (BMRI) has achieved a positive performance in the international financial market thanks to the issuance of a global debt of USD 750 million with a term of 5 years and a coupon rate of 5.25% on March 31, 2026.
The issuance also saw an oversubscription of 3.3 times, indicating a growing 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 from Southeast Asia to re-access the international bond market after the escalation of geopolitical tensions in the Middle East in late February 2026.
“This achievement also reflects the integrated synergy in strengthening global financing access and maintaining the flexibility of the company’s financing structure,” he said in a statement on Thursday, April 2.
Amid market conditions that were generally weak due to low trading sessions in the United States, Bank Mandiri applied a cautious approach while waiting for a more significant momentum during the Asian market opening.
Ari mentioned that Bank Mandiri implemented an intraday execution strategy to limit market risk exposure while optimizing the positive momentum that was developing.
“This strategy has proven effective in maintaining transaction execution stability and receiving 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 investors, in line with efforts to enhance the company’s sustainability excellence,” he added.
The increased investor interest reflects global confidence in Bank Mandiri’s financial fundamentals and performance. This measure also confirms the bank’s strong fundamentals with the BMRI issuance code in order to encourage accelerating growth in the global market dynamics context.
“The results of this transaction show that international investors still have confidence in Indonesian fundamentals and in Bank Mandiri in a difficult global macroeconomic and geopolitical context. The funds raised will be used for general corporate needs to support business growth,” Ari explained.
The debt has received a BBB rating from S&P Global Ratings and Fitch Ratings, and is listed on the Singapore Stock Exchange.
Furthermore, investor confidence is reflected in a 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 strong foundations 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.
