Bank Danamon Issue Already Taken Up By 90% Of Holders-Sources
March 04 2009 - 9:22PM
Dow Jones News
PT Bank Danamon Indonesia's (BDMN.JK) IDR4 trillion (US$335
million) rights issue has already received pledges from 90% of the
bank's existing shareholders, people close to the situation said
Thursday.
Subscriptions to the rights offer begin April 7 and end April
14.
One person said a number of parties that don't have any holdings
in the bank have expressed interest in purchasing the new shares by
sub-underwriting the deal.
He declined to comment on the identity of the parties.
Sub-underwriters underwrite the risk taken on by underwriters.
-By Amy Or, Dow Jones Newswires; 852-2832 2335;
amy.or@dowjones.com