Suriname-based financial institution Hakrinbank has announced plans to sell nearly 18 percent of its existing stake in De Surinaamsche Bank (DSB) via a public digital offering, opening a new opportunity for both domestic and international investors to acquire shares in one of the country’s established banking players. The offering, which includes 6,775,859 currently held DSB shares corresponding to 17.96% of DSB’s issued and fully paid share capital, will run for three weeks starting August 10 through August 31, with no new shares being issued by DSB as part of this transaction. All shares included in the offering are currently owned outright by Hakrinbank, marking a strategic portfolio adjustment rather than a capital raising move for DSB itself.
In a statement accompanying the offering announcement, Hakrinbank explained that the decision to divest the stake comes as part of a regular strategic review of its entire investment portfolio. The bank emphasized that the divestment is intended to allow Hakrinbank to reallocate resources and focus more intently on its own core business priorities and long-term strategic objectives. Importantly, the institution stressed that the sale does not reflect any negative judgment on DSB’s current financial standing, operational performance, or future growth prospects.
The public offering is open to both individual private investors and institutional corporate investors from Suriname and across the globe, so long as all participants meet the published offering terms and comply with relevant local legal and regulatory requirements. Unlike traditional fixed-price offerings, Hakrinbank has opted for an open bidding structure, with no set minimum or maximum price per share. When the offering opens on August 10, the current trading price of DSB shares on the Suriname Stock Exchange will only be listed as a reference point, and investors are free to submit bids either above or below this benchmark price.
Once the offering window closes at 4:00 PM local time on August 31, all submitted bids will be evaluated in accordance with the pre-published eligibility and allocation rules. Shares will be allocated starting from the highest qualifying bids received. In the event that total investor demand exceeds the number of shares available in the offering, Hakrinbank will implement either a proportional allocation system or another weighted distribution model to fairly distribute shares. The bank also noted that submitting a bid does not guarantee an allocation of shares to any participant.
The digital subscription portal for the offering will go live on August 10, the same day the offering opens. From that date forward, all relevant offering documents including the official subscription form, full terms and conditions, and additional background information will be available to interested investors via Hakrinbank’s official website and its authorized communication channels.