Wednesday, January 21, 2009

Indonesia Bank Danamon taps banks for rights issue

HONG KONG, Jan 21 (Reuters) - PT Bank Danamon Tbk (BDMN.JK), Indonesia's fifth-largest lender, has tapped investment banks Citigroup (C.N) and Morgan Stanley (MS.N) to help it raise several hundred million dollars in a rights offering, two people familiar with the matter said on Wednesday.

Danamon officials were not immediately available for comment. Citigroup and Morgan Stanley both declined to comment.

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