Three Southeast Asian blocks raise $697 million

It turned out to be a busy night in the Asian capital markets yesterday as three separate vendors wanted to get their deals done before a series of holidays in Southeast Asian this week.

Shrugging off a mainly negative market performance earlier in the day on the back of dismal growth data in Japan, the deals raised a combined $697 million.

The largest of the three transactions was a sell-down by UBS in Charoen Pokphand Foods CP Foods that raised Bt10.91 billion $353 million block trade. UBS isn’t actually an investor in the Thai company, which produces fresh and processed food as well as animal feed, but...