PT Bank Victoria International Tbk (IDX:BVIC) announced a private placement of 7,402,250 shares at a price of IDR 105 per share for gross proceeds of IDR 777,236,250 on September 26, 2017. The transaction will involve participation from existing investor PT Suryayudha Investindo Cipta. Post the closing of the transaction, the investor will hold 5.04% stake in the company. The transaction is expected to close on September 29, 2017.