Tuesday, February 17, 2009

Danamon raise IDR4 triliun

PT Bank Danamon Indonesia, backed byTemasek Holdings Pte and Deutsche Bank AG, plans to raise about 4 trillion rupiah from existing shareholders to replenish capital

The proceedsmay help Danamon, which plans to repurchase $300 million of its subordinated debt next month, to boost lending by 10 percent this year and maintain its capital adequacy ratio.C itigroup Inc. and Morgan Stanley were hired to arrange the sale.

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