GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Indonesia

  • Indonesian textile company Delta Dunia Sandang Tekstil has signed its $260m fundraising with 13 lenders, about four months after banks were first sounded out.
  • A $180m financing for Indonesian tanker company Soechi Lines has been opened to a wider group of banks, with a roadshow scheduled in Taiwan this week.
  • Indonesia
  • A number of Asian borrowers are choosing to prepay their syndicated loans for various reasons, including a bearish outlook on growth. Their actions are compounding the woes of loan syndications bankers, who are already battling low deal activity, writes Shruti Chaturvedi.
  • What I would not give to be one of those guys who has a helicopter at his beck and call, a limousine and a personal assistant whose sole responsibility is to make life easy and organised.
  • Unrated HNA Group made a quick return with a $200m bond this week, just one month after its last offering. On the same day, Kawasan Industri Jababeka from Indonesia also priced an exchange offer for its existing 2019s.
  • Indonesia’s Bumi Serpong Damai is looking for a window to sell a seven year dollar deal via wholly-owned subsidiary Global Prime Capital.
  • Lippo Malls Indonesia Retail Trust priced a S$140m ($103m) perpetual non call five on Tuesday at a level that was considered fair value by both the issuer and investors.
  • Trans Corpora has received commitments from two banks for a $150m three year senior secured term loan that launched into syndication in June.
  • A long drawn out fundraising for MNC Sky Vision is coming down to the wire after Moody’s downgraded its parent this week, citing refinancing risks. A default could spell more bad news for Indonesian borrowers, especially coming so close to last month’s missed payment by Royal Industries Indonesia. John Loh reports.
  • Indonesian power producer Cikarang Listrindo slashed its funding costs and extended the maturity of its debt profile with a popular $550m 10 year note priced at a 4.96% coupon — setting a new benchmark for the country’s issuers.
  • Asia’s block market got a boost this week as investors sold down stakes in Longfor Properties Co and People's Insurance Company of China (PICC) in Hong Kong, while Lippo Group trimmed its holding in Indonesia’s Matahari Department Store.