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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Bank Danamon said to seek $336 mln from investors

Posted on 18 February 2009

From Bloomberg: PT Bank Danamon Indonesia, backed by Temasek Holdings Pte and Deutsche Bank AG, plans to raise about 4 trillion rupiah ($336 million) from existing shareholders to replenish capital, two people familiar with the matter said.

The fifth-biggest Indonesian bank may announce details on the rights offer this week, the two people said, asking not to be identified because they aren’t permitted to discuss the matter publicly. Danamon may sell the shares at a discount of at least 45 percent to the last closing price before the announcement, they said….. Full Article: Source


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