PT Bank Tabungan Negara
From Taighde
PT Bank Tabungan Negara is a state owned bank in Indonesia. The bank will hold its IPO on December 17, 2009. It will be releasing 2.36 billion shares which equals 27% of the bank's equity. Each share is expected to be sold between $.08 to $.11 which will raise around $200 million.
The Government of Singapore Investment Corporation (GIC) is expected to subscribe to the IPO.
