Bank Danamon seeks $586 million from rights issue

Indonesia's Bank Danamon sets an indicative price at a 15.8% to 28.1% discount to last Friday's close. The issue will open for subscription in mid-September.
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<div style="text-align:right; font-size:7pt; color:rgb(238, 238, 238); position:relative; margin-top:-20px; margin-bottom:-20px; margin-right:0px; text-align:right; float:right; padding: 0px;"> AFP </div>
July 26, 2011

Indonesia’s Bank Danamon is seeking to raise up to Rp5 trillion ($586 million) from its upcoming rights issue, according to indicative terms announced yesterday. Danamon is controlled by Temasek Holdings and, according to its website, ranks as the sixth-biggest bank in Indonesia by asset size.

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