Bank Nagari Pays Off Sukuk and Senior Bonds Amounting to IDR 616.44 Billion

Indonesia’s West Sumatra Regional Development Bank (Bank Nagari) has paid off the principal and interest of its Sukuk Mudharabah II Year 2015 (Sukuk Mudharabah) and Senior Bonds VII Year 2015 (Senior Bonds) amounting to IDR 616.44 billion, according to local media reports.

Sania Putra, Finance Director of Bank Nagari stated that the bank’s Sukuk Mudharabah and Senior Bonds repayment information had been submitted to the Indonesian Financial Services Authority (OJK).

According to local media reports, the principal value of the Sukuk Mudharabah is IDR 100 billion, with a yield of IDR 2.75 billion. Meanwhile the principal value of the Senior Bonds was IDR 500 billion, with a bond interest of IDR 13.69 billion.

The payment of principal and interest...