RETAIL BANKING | Tony Chua, Indonesia

Mandiri selects six global banks for rights issue

Indonesian lender to choose two international selling agents to underwrite $1.5bln rights issue.

PT Bank Mandiri, Indonesia's biggest lender, has shorlisted 6 international banks to underwrite its $1.5 billion rights issue, said a source with direct knowledge of the deal, as mentioned in a Reuters report.

The shortlisted underwriters are Deutsche bank, CLSA, Citibank, Merrill Lynch, BNP Paribas and Nomura Holdings, the source said.

Mandiri is expected to pick two international selling agents, and has already selected Mandiri Sekuritas and Danareksa Sekuritas to be the local underwriters.

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