Indonesia Digest: BRI Agroniaga's $75m rights issue; TBL $200m global bond

Indonesia Digest: BRI Agroniaga's $75m rights issue; TBL $200m global bond

Indonesian lender BRI Agroniaga is planning to raise Rp 1 trillion ($75 million) via a rights issue to strengthen capital structure. In another planned fundraising, palm oil producer Tunas Baru Lampung is slated to launch its $200 million global bond to pay debts.

BRI Agroniaga

In the rights issue, BRI Agroniaga will offer 7.69 billion new shares at Rp 130 apiece. According to plan, the fresh capital will be used to “strengthen capital structure”, which in turn will boost credit expansion.

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