JAKARTA (Yosefardi) – PT Bank Sinarmas Tbk (BSIM) plans to launch the rights issue in early 2016, aiming to boost its fee based income potential.
The proceeds of rights issue would bring BSIM into BUKU 3 category with core capital of minimum Rp5 trillion. As at March 2015, BSIM has core capital of Rp2.87 trillion.
The fee based income contributed 15% of total income in the first quarter of 2015.
With fresh funds, about Rp2 trillion, earmarked from rights issue scheme, BSIM targets its fee based income contribution to reach 25% by late next year.
Meanwhile PT Bank Rakyat Indonesia (BRI) Agroniaga Tbk plans to issue 5.58 billion new shares, priced at Rp100 per share, then it would raise total proceeds of Rp558.8 billion. Trading of rights is scheduled for July 2-8, 2015.