Demand on PT Bank Mandiri Tbk (BMRI)'s rights issue is now more than 2 folds oversuscribe with the indicative price range of Rp4,000-Rp6,150 per share.
Pahala N, Mansyuri, Bank Mandiri's CFO, said the final price will be determined on January 24-25 2011. The subscription period is scheduled from 14 February to 21 February.
Mustafa Abubakar, State-Owned Enterprises Minister, said the rights issue is still going on. The government will monitor the market before determining the final price. He is ready to adjust the price when it is needed.
Disclosure: No position at the stock mentioned above.
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