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Indonesia’s biggest lender BRI said to be planning $1b rights issue

Indonesia’s biggest lender BRI said to be planning $1b rights issue

Photo by Bank Rakyat Indonesia

PT Bank Rakyat Indonesia, the country’s largest lender by assets, is exploring a plan to raise at least $1 billion through a rights issue, according to people with knowledge of the matter.The state-owned bank is working with advisers on the potential fundraising, which could take place as soon as the first half of this year, said one of the people, who asked not to be identified as the information is private. The lender plans to strengthen its capital base to prepare for potential acquisitions with the proceeds, the people said.

Bank Rakyat IndonesiaPT Bank MandiriPT Bank Negara Indonesiarights issue

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