UPDATE 1-Indonesia's Bank Mandiri eyes $1.6 bln rights issue by 2018-CEO

April 24, 2015 10:50 AM

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JAKARTA, April 24 (Reuters) - Indonesia's biggest bank by assets, PT Bank Mandiri Tbk, hopes that a planned rights issue could raise around 20 trillion rupiah ($1.55 billion), its chief executive told reporters on Friday.

State-controlled Mandiri's rights issue should take place "latest by 2018", CEO Budi Gunadi Sadikin said. The rights issue has to be approved by the government.

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