bahana securities

The vice-chairman offloads 60% of his stake in Singapore-listed Noble Group, Dairy Farm increases the free-float in Indonesian supermarket chain Hero and UBS sells a 4.2% stake in Thailand’s CP Foods as part of the unwinding of a swap transaction.

Indonesia’s Bank Tabungan Negara sets the rights issue price at a 17.4% discount to Terp and prices the placement at a 9% discount for a total deal size of $195 million.

Bank Negara Indonesia gets a head start on its $1.2 billion rights issue as the government's entitlement is sold to other investors at a 9.7% premium to the rights issue price.

The Indonesian bank is marketing an equity placement of up to $1.03 billion which could boost the free-float to about 27%.

Entire $193 million stake bought by Standard Chartered consortium, boosting its holdings to 89%.