DBS Thai Danu raises $343 million in new funds

Lack of institutional support saw DBS take up most of the issue. But now Danu can focus on its planned bad loan auction.

Meera Tharmaratnam

July 04, 2000

DBS Thai Danu Bank PLC (Danu), one of ThailandÆs smallest lenders, has completed a Bt13.5 billion ($343 million) rights issue that will go towards offsetting its bad loan book. Most of the new funds came from its parent, Development Bank of Singapore (DBS), Singapore's biggest banking group.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.