BTN Back Rp1 Trillion Mortgage Asset Securitization

Housing-Estate.com, Jakarta – Bank BTN back mensekuritisasi its mortgage assets using an asset beragaun effect as a letter of participation (EBA-SP) issued by PT Sarana Multigriya Financial (Persero / SMF). EBA-SP value reached Rp1 trillion listed on the Indonesia Stock Exchange (IDX), which is divided into two series worth Rp400 billion, a term of 2 years, Rp513 billion (5 years), and Rp87 billion with interest rate from 8.15 to 8, 75 percent.

According to the Director of Bank BTN Iman Nugroho Soeko, is a product of EBA-SP 9th published BTN along with SMF. “8 series product EBA-SP more successfully absorbed by the market so we issued another because these products are quite popular with investors because of its safety and profits continue to rise as collateral assets of mortgages also rose,” he said on the sidelines of the signing of the publication of the EBA-SP on the Stock Exchange, Wednesday (9/11).

BTN itself has mensekuritisasi its mortgage assets since the year 2009 with a total value has reached over Rp5.45 trillion. Director of SMF Ananta Wiyogo added, the scheme could strengthen Indonesian financial market, especially to increase the distribution of mortgage financing because all proceeds from this securitization will be channeled back to housing financing.

“During this entire securitization transactions that we do well always get a rating of triple A (AAA) from rating agencies effect, this means a very safe apart SMF 100 percent owned by the government. In this case the Bank BTN also has been a pioneer and pioneers to increase their source of funding so that it can support the housing development program, “he added.

housing-estate.com

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