PT Bank Danamon Tbk ’s rights offering received a very strong and favorable response from the market, with excess share applications reaching 150.81 million.
Danamon issued 1,16 billion series B shares with a nominal value of Rp 500 (five hundred Rupiah) per share at the offering price of IDR4,300 per share, raising total proceeds of IDR 4.99 trilion.
Post rights issue, Danamon’s pro forma consolidated and stand alone Capital Adequacy Ratio (CAR) stood at 18.3% and 17.1%, respectively as of June 30, 2011, well above the minimum requirements of 8% set by Bank Indonesia.
Citigroup Global Markets Singapore Pte. Ltd. and Deutsche Bank AG, Hong Kong Branch acted as Standby Purchasers for the rights issue. PT Danareksa Sekuritas was the arranger for the rights issue.
No comments:
Post a Comment