Indonesia picks Deutsche, Merrill to lead Mandiri rights issue

Deutsche Bank and BofA Merrill Lynch have been picked as international lead managers for PT Bank Mandiri Tbk (BMRI) US$ 1,5 billion rights issue.


Mahmuddin Yasin, a senior official at the state-owned enterprises minitry, also said that Citibank and CLSA were picked as bookrunners for the share issue. Three sources told Reuters on Monday night that Bank Mandiri, the country's biggest bank, had picked Deutsche and CLSA as lead managers.


Mandiri has shortlisted Deutsche, CLSA, Citibank, Merrill Lynch, BNP Paribas, and Nomura Holdings, a source told Reuters on Friday. Mandiri has already selected Mandiri Sekuritas and Danareksa Sekuritas to be the local underwriters. Source: Reuters