Indonesia

Indonesian medical testing firm Prodia has named a pair of bulge brackets and a local firm to run its listing, which it plans to launch this year.

Indonesian power producer Cikarang Listrindo has narrowed the price range on its up to Rph5.0tr ($366.7m) IPO toward the bottom of guidance, according to a source close to the deal.

Indonesia’s Bank Permata is planning to raise Rph5.5tr ($403.4m) from a rights issue next month, having received the go ahead from the country’s financial regulator, according to a press release from the firm.

China Development Bank has mandated leads to work on a dual-currency offering, while the Republic of Indonesia is set for a roadshow ahead of new euro-denominated notes.

Indonesia’s Medco Energi Internasional is planning a rights issue to raise Rph4.66tr ($349.59m), in a deal that could increase its share base by almost half, according to a company filing.

Indonesia’s Adira Dinamika Multi Finance is in the loan market for a $100m fresh money borrowing via two mandated lead arrangers and bookrunners.

Cikarang Listrindo could raise Rph6.3 ($464m) from its IPO, thanks to strong demand that has covered a potential 33% increase option, according to a source close to the deal.

Trans Corpora is poised to decide this week whether to open syndication on a $150m loan that Credit Suisse and Maybank have pre-funded, according to bankers close to the transaction.

China Huarong Asset Management is looking return to the offshore bond market this month, while Sri Rejeki Isman (Sritex) has announced plans for a new international deal alongside a cash tender offer of its existing notes.

Mitra Pinasthika Mustika Finance is poised to launch a $100m borrowing into syndication next week, with the Indonesian firm having mandated a trio of banks to arrange the deal.

Indonesian state-owned oil company Pertamina has requested proposals from banks for a $1bn five year loan that includes a greenshoe option, according to bankers.

A pair of private equity firms have raised a combined Rph3.02tr ($223m) from a share sale in Indonesia’s Matahari Department Store, after a burst of demand allowed the vendors to enlarge the size of the offering.