DBS Group provides debt fundraising service for PT Sarana Multi Infrastruktur to support progress of corporate customers | Bahasa

Indonesia, 06 Dec 2021 - As a bank that continues to innovate and provide quality banking services for corporate customers, Bank DBS Indonesia focuses on providing a wide range of solutions to support customers’ expansion plans.

This year, DBS Group provided debt fundraising service for PT Sarana Multi Infrastruktur (PT SMI) in the form of global bonds as a tangible manifestation of Bank DBS Indonesia's commitment to supporting the government’s programs that are focused on the development of the infrastructure and financial technology sectors.

Kunardy Lie, Corporate Banking Director, PT Bank DBS Indonesia, said, “As part of our commitment to supporting growth in the infrastructure and financial technology sectors, Bank DBS Indonesia was appointed the underwriter for the bonds issued by DBS Singapore for PT SMI. In view of the ongoing economic recovery restructuring, as well as support from several sectors that are strategically growing and resilient, in the future we want to focus on adding services and building a diversified debt fundraising portfolio to cover more industrial sectors.”

PT SMI as a Special Mission Vehicle (SMV) under the coordination of the Ministry of Finance, has a special mandate to support the acceleration of national development. PT SMI has been a partner of Bank DBS Indonesia since February 2020 through the provision of a one-year loan facility worth IDR500 billion. The loan facility was extended with the same amount of credit in the following year to be used as working capital and to meet short-term liquidity needs. Bank DBS Indonesia was the Joint Lead Underwriter for the global bonds worth USD300 million issued by Bank DBS Singapore for PT SMI.

Edwin Syahruzad, President Director of PT SMI, stated, “We appreciate the trust Bank DBS Indonesia as an international bank placed in us. The cooperation agreement demonstrates PT SMI’s good rating and reputation as well as its credibility and trustworthiness in the international arena. The collaboration is also proof that the infrastructure sector in Indonesia has remained resilient and will continue to be a strategic sector in the country. We hope that this synergy can further strengthen the shared vision and mission to accelerate infrastructure development in Indonesia as well as to strengthen PT SMI's strategies as a Development Financial Institution (DFI)."

 

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About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.