TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
MNC bank set to hold rights issue, eyes Rp 489b
Change Size
Two customers chat while waiting in MNC Bank's office in Jakarta in this undated photograph. (Kontan/Daniel Prabowo)
P
ublicly listed PT Bank MNC International is set to hold a rights issue in the first half of 2018, aiming at raising Rp 489 billion (US$35.5 million), the lender's top executive said.
The bank needs funds to strengthen its capital structure and boost its business performance, MNC Bank president director Benny Purnomo said at a media briefing in Jakarta on Tuesday, adding that the MNC Group would act as the standby buyer.
The plan has been submitted to the Financial Services Authority, and the rights issue permit is expected to be issued on May 25, he said
“After the rights issue, MNC Bank’s capital would be about Rp 1.5 trillion in June,” said Benny, adding that the funds raised from the rights issue could be obtained in June.
The price of shares for the rights issue was set at Rp 100 per share, while the stock price of MNC bank, listed on the Indonesia Stock Exchange with the BABP code closed at Rp 52 per share on Tuesday. (bbn)
