trending Market Intelligence /marketintelligence/en/news-insights/trending/wfc7zlb3mq2dwx0xiptmog2 content esgSubNav
In This List

Bank Muamalat Indonesia to raise 2 trillion rupiah in rights issue

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Bank Muamalat Indonesia to raise 2 trillion rupiah in rights issue

PT Bank Muamalat Indonesia Tbk plans to raise up to 2 trillion rupiah via a rishts issue, IDNFinancials reported Sept. 7.

Achmad Permana, the bank's president director, said the bank is looking to issue up to 20 billion rights shares at 100 rupiah apiece. Funds raised from the rights issue will be used to enhance the bank's capital and to support its business growth.

Permana said the bank's plan to issue 1.5 trillion rupiah of sukuk, or Shariah-compliant bonds, is in the process but declined to comment further.

As of Sept. 6, US$1 was equivalent to 14,945 Indonesian rupiah.