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

Wednesday, 09.11.2016

           

            
            

                 

                
                

               

Photo: BTN

BTN please register EBA-SP RP 1 TRILLION IN EXCHANGE – BEI President Tito Sulistio (left) and Director of Bank BTN Iman Nugroho Soeko hand shake when recording the Asset Backed Securities Shaped Mail Participation (EBA-SP) SMF-BTN 02 A class at the Indonesian Stock Exchange, Jakarta, Wednesday (9/11). Bank BTN recorded EBA-SP-SMF-02 BTN Rp 1 trillion. This is the ninth time the EBA product issued by Bank BTN cooperate with SMF. EBA previous eight series products have successfully absorbed the market. Bank BTN together SMF mortgage securitization transaction has been initiated since 2009, total sekurititas mortgages that have been published up to this by KIK EBA scheme reached Rp5,455 trillion.

                
                 
                
                
                

JAKARTA, jktproperty.com – State Savings Bank (Persero) Tbk together Multigriya Financial Facility (Persero) recorded EBA-SP (Asset Backed Securities shaped Participation Letter) SMF-BTN 02 Class A in the capital market. EBA-SP were worth Rp1 trillion. This is the ninth time the EBA product issued by Bank BTN collaboration with SMF. EBA previous eight series products have successfully absorbed in the market.

Hopefully with 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 at this time.

Director of Bank BTN Soeko Iman Nugroho 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 ) this 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 is getting rating id AAA.

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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