Improve Housing Finance, BTN please register EBA-SP Rp1 Trillion in Bursa

Expected to securitization transactions will provide substantial opportunities for the Bank BTN in support of housing finance for lower middle income people, as well in order to support the housing is a government program at this time.

Director of Bank BTN Iman Nugroho Soeko said that after record-SP EBA BTN SMF-02 Class A in the Jakarta Stock Exchange, Wednesday, November 9, 2016. Iman added mortgage securitization transactions through asset-backed securities scheme Shaped Letter of Participation (EBA-SP) is the second for the Bank BTN. Nevertheless EBA-SP product is a product of EBA and today is the ninth time the products we publish. EBA products are quite popular with investors because it is an investment product that is safe and beneficial to the mortgage collateral assets whose value continues to rise.

Furthermore, he said Bank BTN together SMF has initiated the mortgage securitization transactions since 2009. Total mortgage securitization that have been published up to now by KIK EBA scheme reached Rp5,455 trillion. While the new SP-EBA scheme amounting to Rp200 billion.

This asset securitization transaction demonstrates the commitment of Bank BTN to spearhead the development of capital markets and product EBA is something that needs to be supported. Through this securitization transaction, Bank BTN can use it as a source of funding new mortgage portfolio while maintaining capital adequacy ratio. Expected by this securitization transaction will provide substantial opportunities for the Bank BTN in support of housing finance for lower middle income people, as well in order to support the housing program is a government program today, said Iman added.

EBA- SP SMF-BTN 02 are listed on a stock exchange is valued at a total of Rp1 trillion, with each divided into two series. EBA A1 series Rp400 billion with a term of 2 years. Then EBA A2 series worth Rp513 billion with a term of 5 years. Then EBA Series B amounting to Rp87 billion. Interest rates are set for each interest rate Series A1 and Series A2 8.15% 8.75% interest rate. EBA-SP series A’s get a AAA rating id.

house is a basic need, housing needs will always increase with increasing population. Currently the population of Indonesia has reached 257 million people, with a population growth of 1.49% per year. With this projected rise in home supplies reach 800,000 units per year.

Faith responded positively on the initiative SMF in support of housing finance for the lower middle through sekuritasi patterns assets. The housing programs not be a task that must be borne by the Bank BTN. It became a common task because this is a government program. All parties associated with this program are expected to participation. Therefore we give appreciation to SMF which have been active supporting financing business Bank BTN. (PIT)

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