PT Bank Maybank Indonesia Tbk (BNII), a local unit of Malaysia’s largest lender Malayan Banking, is planning to raise Rp 2.2 trillion ($174 million) from a bond and sukuk offering.
Maybank Indonesia community financial services director Jenny Wiriyanto said, on Friday, proceeds from the bonds will be used for general business development. The bank will focus on boosting credit disbursement and productivity from existing branches.
