Banks Hold Rights Issue as Tight Liquidity Restrains

By Editorial Team 19/11/2019
Summary

Several banks announced a rights issue plan towards the end of this year in a bid to strengthen capital. PT Bank MNC International Tbk, for example, plans to hold a rights issue in December 2019, eyeing Rp 206 billion from the issuance of 4.12 billion shares with a nominal price of Rp 50 per share. The BABP stock-coded bank would use the proceeds to strengthen the capital adequacy ratio (CAR).

Meanwhile, Bank Bukopin and Bank Muamalat plan to increase capital through the rights issue next year. The BBKP stock-coded bank would issue 4.66 billion Series B shares with a nominal value of Rp 100 per share, estimating to reap around Rp 2 trillion to Rp 2.5 trillion of proceeds. Meanwhile, Bank Muamalat, the first Islamic bank in Indonesia, eyes Rp 3.29 trillion proceeds from the rights issue.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.