Indonesia: Bentoel Internasional to raise $1.06b via rights issue to repay debt

Photo By Bentoel Group

Indonesian cigarette maker PT Bentoel Internasional Investama Tbk (RMBA), a member of British American Tobacco Group, is raising Rp 13.99 trillion ($1.06 billion) through the biggest rights issue deal this year. The proceeds will be used to pay off its debts to Rothmans Far east B.V amounting to Rp 12 trillion ($912 million).

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