PT Bank Mandiri Tbk prepares global subdebt issuance plan worth US$200-300 million to maintain the CAR at 12-15 percent. But so far the management has not appointed any underwriter.
Bond issuance is the preparation measure if needed for the capital boost this year as the CAR per November 2009 is still on the level of 13.7 percent and got additional subdebt issuance worth IDR3.5 trillion and thus the capital adequacy ratio (CAR) turned into 15.2 percent.
In terms of liquidity, the company is deemed banks with foreign exchange excessive fund worth US$2.2 billion and thus it is enough for the credit expansion.
In terms of liquidity, the company is deemed banks with foreign exchange excessive fund worth US$2.2 billion and thus it is enough for the credit expansion.
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