SBLC helps Indonesia’s Logindo sail into Singapore dollars
Indonesian offshore marine services company Logindo Samudramakmur (Logindo) was able to successfully price a Singapore dollar bond thanks to a standby letter of credit (SBLC) provided by United Overseas Bank (UOB). While the SBLC was key for completing Logindo’s issue, bankers say the structure faces barriers to wider use.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts