Bakrie and Brothers (BNBR) has kicked off the issuance of new 146.63 billion new shares (including convertible notes) at Rp64 per share to restructure its Rp9.38 trillion debts. This will lead to 92.37% dilution of existing shareholders. BNBR had earlier in 2016 and 2017 issued new shares to convert around Rp2 trillion of debts. To subscribe please click here
