Feb 25, 2010

Macquarie crosses BSDE at Rp600/share

Macquarie Capital Securities Indonesia today crossed 1.70 billion shares of developer firm under Sinar Mas Group, PT Bumi Serpong Damai Tbk (BSDE), at the level Rp600 per share.
In total, shares crossing transaction valued Rp1.02 trillion, sending Macquarie Securities as the leading top brokerage with the biggest transaction value today of Rp2.38 trillion.
Referring to the crossing, BSDE's private placement sole arranger, Macquarie used 173 million shares of upsize option of a total 656 million shares.
Bumi Serpong has placed 1.53 billion shares or approximately 14% shares into the market today. If BSDE offloads all the upsize option, the company's founder, Sinar Mas Group will grab US$160 million in total cash.
Top  three brokerages with net buy position are Macquarie worth Rp29.56 billion, CLSA Rp28.57 billion, Bank of America Merill Lynch Rp9.18 billion.

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