Sep 21, 2010

Bank Mandiri picks 4 foreign banks

PT Bank Mandiri Tbk (BMRI) has finally mandated four international selling agents for rights issue. 
A source familiar with the matter said Bank Mandiri has appointed Bank of America-Merrill Lynch, Citi, CLSA, and Deutsche Bank.
"The banks have signed agreement with Bank Mandiri today," the source said.
The bank has picked two local houses PT Danareksa Sekuritas and PT Mandiri Sekuritas to arrange rights issue.
Bank Mandiri Finance Director Pahala Mansyuri confirmed that the company has mandated Deutsche Bank and Bank of America Merrill Lynch as joint global coordinator. Bank Mandiri has also appointed Citi and CLSA as joint book runner.
Bank Mandiri previously revealed that they aim to raise Rp13 trillion-Rp14 trillion from the rights issue planned for December 2010.
Disclosure: No position at the stock mentioned above.
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