Indonesia
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Indonesia Asahan Aluminium’s recent $4bn bond, which pulled the country’s quasi-sovereign curve tighter, has given a much-needed boost to Indonesian issuers in the offshore market. -
Cement maker Semen Indonesia has mandated five banks for a $1.282bn bridge loan to support its acquisition of the local unit of Swiss firm LafargeHolcim.
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State-owned mining company Indonesia Asahan Aluminium (Inalum) closed a $4bn bond this week, letting loans bankers off the hook from a planned bridge facility. Addison Gong reports.
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Barito Pacific and Bank Rakyat Indonesia have returned to the international loan market for new fundraisings.
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Indonesia’s Barito Pacific has returned to the loan market for an up to $200m refinancing, hiring two banks to run the deal.
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Indonesia Asahan Aluminium (Inalum) has mandated seven banks for a chunky $2.85bn bridge loan to support its acquisition of Freeport Indonesia, a mining company.
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Bank Rakyat Indonesia has mandated 13 banks for a $700m multi-tranche borrowing, breaking a three-year absence from the loan syndications market.
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Indonesia’s Pertamina made a quick comeback to the debt market on Wednesday, selling a 30 year bond just days after terminating a tender offer.
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Indonesia’s Pertamina has withdrawn a cash tender offer for its 2021 and 2022 notes and will not be selling a new bond at this time due to unfavourable market conditions.
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Indonesia state-owned electricity company Perusahaan Listrik Negara (PLN) priced its first deal as a fully investment grade rated issuer on Thursday, tapping not only the dollar market but also euros for the first time.
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Often considered one of the most sophisticated capital markets issuers in Asia, Indonesia is not standing still. Luky Alfirman, director general at the ministry of finance, told GlobalMarkets, a sister publication of GlobalCapital Asia, that more innovative products are on the cards.
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Indonesian paper manufacturer Fajar Surya Wisesa started gauging interest on Thursday for a primary capital increase worth as much as Rph3.9tr ($260m) at its market price.
