Undisclosed vendor pockets $530 million from CCB sale

The block was done after the close on Friday. Also in the market at the same time was a $342 million sell-down in Indonesian telecom tower company Sarana Menara Nusantara.

Undisclosed vendor pockets $530 million from CCB sale

The renewed interest among investors to put on risk after the European Central Bank’s plan to help stabilise the eurozone market through buy-backs of government bonds on Thursday evening continued on Friday with several major Asian markets adding more than 2%.

The optimism was given further fuel as China announced a number of infrastructure projects, spanning roads, water and ports, to prevent a further slowdown in its economy.

Taking advantage of this...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition