NEWS & RELEASE

Jakarta, April 1, 2026

Bank Mandiri continues to strengthen its international presence through the successful issuance of USD 750 million 5-year global bonds. Priced on March 31, 2026, the bonds carry a coupon rate of 5.25%.

This transaction represents the first benchmark USD issuance from Southeast Asia since the escalation of geopolitical tensions involving the United States, Israel, and Iran in late February 2026. Despite challenging market conditions and a negative US market session, Bank Mandiri adopted a prudent and disciplined approach by closely monitoring market developments following the Asia market open, rather than proceeding prematurely or withdrawing from the market.

Improved market sentiment, reflected in a positive Asia session and strengthening US equity futures, enabled Bank Mandiri to successfully launch the transaction. The Bank also implemented an intraday execution strategy to mitigate market volatility risks while optimizing prevailing market conditions. This approach was supported by Bank Mandiri’s established track record as a frequent issuer and its ongoing engagement with global investors.

Ari Rizaldi, Director of Treasury and International Banking of Bank Mandiri, stated that the strong investor demand and successful outcome of the transaction reflect continued confidence from international investors in Bank Mandiri and Indonesia, despite ongoing global macroeconomic uncertainty and geopolitical volatility. The net proceeds from the issuance will be utilized for general corporate purposes.

The bonds have been assigned a rating of BBB by S&P Global Ratings and Fitch Ratings, and will be listed on the Singapore Exchange.

The offering achieved broad distribution, with allocations to fund and asset managers (85%), banks (8%), insurance companies (3%), official institutions, sovereign wealth funds, and public sector investors (3%), as well as private banks (1%). By geography, allocations were distributed across Asia (69%), EMEA (26%), and Offshore US investors (5%).

The transaction was led by DBS Bank Ltd., HSBC, J.P. Morgan, Mandiri Sekuritas, and Standard Chartered Bank as Joint Bookrunners and Joint Lead Managers.