JAKARTA May 31 Indonesian petrochemical firm PT
Chandra Asri Petrochemical plans to raise up to 5
trillion rupiah ($375.38 million) through a rights issuance, IFR
reported citing two sources with knowledge of the transaction.
Proceeds from the shares sale will be used to help fund the
company's capacity expansion, according IFR, a Thomson Reuters
publication. Details for the offer will be released later.
Deutsche Bank, BNP, Credit Suisse, CLSA and Bank Mandiri
were hired for the transaction.
($1 = 13,320 rupiah)
(Reporting by S. Anuradha of IFR; Editing by Christian