BNI and Mandiri boldly go....

Setting a new global precedent for the banking sector, Bank Mandiri set off on roadshows in Jakarta on Wednesday for a $150 million to $175 million lower tier 2 debt issue via UBS Warburg and Mandiri Sekuritas. Pending the success of the 10 non-call five offering, which has already garnered strong onshore support, BNI aims to follow as early as September with a $100 million to $150 million issue via JPMorgan.