Telekomunikasi pushes $246m block over the line

By John Loh
29 Jun 2016

Telekomunikasi Indonesia raised Rph3.3tr ($246m) from the first post-Brexit block trade in Asia, with the deal not only braving the fallout of Britain's exit from the European Union but also doubling in size.

The company launched the sale of treasury shares after markets closed on Tuesday, offering 425m shares at a fixed price of Rph3,820 apiece, which would raise Rph1.62tr for Telekomunikasi.

Bahana Securities and Credit Suisse were joint global co-ordinators, with Danareksa Sekuritas and Mandiri Sekuritas as joint bookrunners.

The ...

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