Mar 30, 2012

OCBC NISP to hold Rp1.5 trio rights issue


PT Bank OCBC NISP Tbk is planning to hold a rights issue with preemptive rights in a bid to raise Rp1.5 trillion proceed.
OCBC NISP today has filed the rights issue documents to the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) today.
The bank will issue 1.5 billion new shares at the exercice price of Rp1,000 a share. President Director & CEO Parwati Surjaudaja, in a press statement today, said the proceed will be used by the bank to strengthen its capital structure, underpinning its expansion.
The rights issue will jack up the bank's CAR to 15% by end of this year.


Disclosure: No position at the stock mentioned above.

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