Indonesia's Bank Danamon to raise up to $586 mln via rights offer

JAKARTA, July 25 Sun Jul 24, 2011 10:31pm EDT

JAKARTA, July 25 (Reuters) - Bank Danamon plans to raise up to 5 trillion Indonesian rupiah ($586 million) in a rights offer in September, Indonesia's sixth-biggest lender said in a statement on Monday.

Singapore's Temasek Holdings , Danamon's main shareholder, through its unit will fully subscribe to its portion of the rights offer, Danamon said. Temasek currently owns a 67 percent stake in the bank. ($1 = 8527 Rupiah) (Reporting by Janeman Latul; Editing by Muralikumar Anantharaman)