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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Bank Danamon seeks $586 mln from rights issue

Posted on 26 July 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.
While the final price won’t be fixed until August 15, it will come at a discount ranging from 15.8% to 28.1% versus last Friday’s closing price of Rp5,700 and at a discount of 14.3% to 25.4% versus the theoretical ex-rights price (Terp), the bank said……………………………………….Full Article: Source

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