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Bank Rakyat to Sell Up to $500 Million of Debt

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(Corrects bank selling debt in headline and text.)

March 9 (Bloomberg) -- PT Bank Rakyat Indonesia plans to sell $300 million to $500 million of subordinated debt in the second half of this year, Achmad Baiquni, a director at Bank Rakyat, told reporters in Jakarta today.

To contact the reporter on this story: Widya Utami in Jakarta at wutami@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

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