PT Bank Mandiri's Tbk, state owned bank, plan to sell 2.3billion new shares in a rights offer was approved by the parliament. On the same time, PT Bank Negara Indonesia's Tbk, the Indonesia forth biggest lender, plan for rights issue approved by parliament.
Bank Mandiri has assigned four international selling agents such as Deutsche Bank, Bank of America (BoA) Merril Lynch, Citigroup, and CLSA for the rights issue.
Deutsche Bank and BoA Merril Lynch will be joint global coordinators while Citigroup and CLSA are to become joint bookrunners.
Bank Mandiri had appointed Mandiri Sekuritas and Danareksa Sekuritas as the lead underwriters.
Deutsche Bank and BoA Merril Lynch will be joint global coordinators while Citigroup and CLSA are to become joint bookrunners.
Bank Mandiri had appointed Mandiri Sekuritas and Danareksa Sekuritas as the lead underwriters.
BNI plans to issue new shares amounting to 3.37 billion, or equivalent to 16% of ownership in order to increase public ownership to 40% this year and management stock option amounting to a 3 percent stake or 664 million shares was approved by parliament.
BNI lifted the size of a planned December rights issue to as much as 10 trillion rupiah ($1.1 billion), as it seeks to fund loan growth.
BNI has appointed PT Bahana Securities as the underwriter to handle the rights issue in the country. The rights issue is expected to take place at the end of this year. The five foreign underwriters are Goldman Sachs and UBS Securities which designated as joint coordinator, and Morgan Stanley Securities, Macquarie Securities, and Credit Suisse Securities appointed as joint book runners.
No comments:
Post a Comment