Credit Suisse was the international bookrunner while Bahana and Danareksa were domestic leads.
The Ministry of State-owned Enterprises launched the 185.8 million share sale, raising $225 million, as part of an effort to help finance the ever wobbly state budget. The block was about 15 days of the three-month average daily trading volume.
Indonesia has been running budget deficits since the Asian financial crisis. This year, the government approved a shortfall of 1.3% of gross domestic product for the year û but it is trying to plug that...
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