Jakarta - PT Bank Jtrust Indonesia Tbk (BCIC) plans to increase its capital with Pre-emptive Rights through a limited public offering of a maximum of 4.54 billion C series shares or 45.4% of the total issued and fully paid shares.

The brief prospectus published on Tuesday (24/8) said the exercise price is Rp330, so the value of the share issuance in this rights issue plan is around Rp1.5 trillion.

The company plans to use the proceeds from the rights issue to strengthen compliance with the provisions regarding the minimum core capital of banks by converting deposited funds originating from subordinated loans which have been partially converted and recorded into the company's main core capital and recorded in the equity account as a component of other capital. Some are still in the form of subordinated loans.

The company's main shareholders, JTrust Co. Ltd Japan, JTrust Asia Pte. Ltd. Singapore, and PT JTrust Investments Indonesia, have jointly s