BRI Agroniaga (AGRO) targets to raise Rp2 trillion from planned rights issue in September 2018. It will issue 5 billion new shares, representing 27.1% of its enlarged capital, priced at Rp100 per share. The Bank plans to use the fund from rights issue to strengthen the capital structure and to boost loan growth. It targets to enter BUKU III bank category with minimum core capital of Rp5 trillion.
