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Last Update : Friday, May 17, 2013 - 7:00:00 PM

  Bank OCBC NISP to Conduct a IDR1.5 Trillion Rights Issue

Bank OCBC NISP to Conduct a IDR1.5 Trillion Rights Issue
Strengthening the Corporate’s Capital Structure

The Bank OCBC NISP will once again conduct a limited initial public offering to its shareholders through its sixth Preemptive Right Issue or “Rights Issue VI”. On Friday, March 30 2012, Bank OCBC NISP has filed a statement of registration of the Rights Issue VI with the Capital Market and Financial Institution Supervisory Agency or “Bapepam-LK”.
Through this Corporate Rights Issue VI, 1,507.009,079 (one billion five hundred and seven million nine thousand and seventy-nine) ordinarily registered shares are offered, each having a nominal value of IDR125.00 (one hundred and twenty-five Rupiah) and a selling price of IDR1,000.00 (one thousand Rupiah) per share.
The President Director & CEO of Bank OCBC NISP, Parwati Surjaudaja, explained that, “Proceeds from the Rights Issue VI will be utilized to strengthen the capital structure, thus allowing Bank OCBC NISP to have greater mobility in expanding its business. Through this Rights Issue VI, Bank OCBC NISP expects to generate IDR1.5 trillion, thus the Bank’s CAR is expected to reach 15% by the end of 2012.” 
The rights issue will provide a ratio of 500:107, whereby each shareholder will hold 500 shares with a nominal value per share of IDR125.00, with preemptive rights given to purchase 107 new shares at a price of IDR1,000.00 per share. To be eligible to exercise such preemptive right, a shareholder must be registered in the Shareholder Register as of 1 June 2012 and the offering price of IDR1,000.00 per share must be paid in full upon submission of share purchase subscription. The proposed rights issue is also subject to the approval of the shareholders to be given through an Extraordinary General Meeting of Shareholders, which will be convened on May 22, 2012.

Corporate Actions of Bank OCBC NISP in the Capital Market 
Bank OCBC NISP conducted an Initial Public Offering/IPO at the Capital Market in Jakarta in 1994. The rights issue to be held this year will be the sixth of such activity since the first issue in 1998, which was followed by subsequent rights issues in 2000, 2002, 2005 and 2007. Additionally, Bank OCBC NISP has conducted a number of bond issuance, comprising of the Bank NISP Bond Issuance I of 1997 (falling due and redeemed in full in 2002), Bank NISP Bond Issuance II of 1999 (falling due and redeemed in full in 2004), and Bank NISP Subordinated Bonds Issuance I of 2003 (with a 10 year tenor, falling due in 2013). In 2008, Bank OCBC NISP issued its Subordinated Bonds for the second time, with a tenor of 10 years, falling due in 2018. Subsequently, in 2010, the the banks Subordinated Bonds III were issued with a tenor of 7 years, falling due in 2017.

Brief History of Bank OCBC NISP
Bank OCBC NISP Bank was established in Bandung in 1941 and was initially named the Nederlandsch Indische Spaar en Deposito Bank. Run by 5,888 dedicated staff, Bank OCBC NISP serves its customers through a network of 412 offices located in 88 cities throughout Indonesia. It is supported by 652 ATM units which can be accessed through any of the 37,500 ATMs (including ATMs under Bersama, PRIMA, OCBC Bank in Singapore and BankCard in Malaysia) in 15 countries*. In running its banking operations with a focus on the financing of small to medium businesses, Bank OCBC NISP receives support from various sectors, including capital from OCBC Bank of Singapore which is its controlling shareholders ((85.06%). OCBC Bank has become the second largest group of financial institutions in South East Asia by assets, and one of the highest rated bank in the world, receiving an Aa1 rating from Moodys.

Corporate Communication Division
OCBC NISP Tower, Jl Prof Dr Satrio Kav 25, Jakarta 12940
Tel:  (62) 021- 25533888 ;  Fax  (62)-021-57944000
Website :
www.ocbcnisp.com




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Prime Lending Rate Bank OCBC NISP - Apr 16, 2013

% per annum
Prime Lending Rate
By Business Segment
Commercial
Loan
Retail
Loan (*)
Consumer Loan
Mortgage (**) Non Mortgage
Prime Lending Rate 9.50% 10.50% 11.50% 11.50%

*) Specifically for Bank OCBC NISP does not include Micro Loan
**) Specifically for Bank OCBC NISP represents floating rate

Notes :
a. Prime Lending Rate above has not factored in risk premium components, the rate of which is subject to bank assessment on risk arising from individual debtor. Therefore, the lending rate applied on a debtor may not be equivalent to the Prime Lending Rate.
b. For Consumer Loan - non Mortgage does not include provision of funds through credit cards and non-collateral loans (KTA).
c. Prime Lending Rates above take into effect on Apr 16, 2013 and up to such time that changes and further information are made available.