Indonesia's Telkom sale raises $600m
Article Abstract:
The Indonesian government revitalised its privatisation programme with two sales in the last quarter of 1996. The government sold 25% of the Bank Negara Indonesia (BNI) in an initial public offer which was 4.5 times subscribed. The government also offered a second tranche of Telkom shares in a private placement which raised $600 million. The Indonesian privatisation progamme will continue in 1997 due to a need to finance debt repayments.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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Disappointing Indonesia Telkom offer
Article Abstract:
The government in Indonesia halved the size of the international tranche for PT Telkom, a domestic telecoms company, and reduced the price of shares, due to the lack of international demand. The success of the offer is critical to development of the Indonesian stock market and is expected to set a precedent for further participation in equities by the public in the country.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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