Indonesia
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Indonesia’s Chandra Sakti Utama Leasing (CSUL) has approached the loan market for $80m, in a deal that comes backed by its accounts receivable. -
British American Tobacco subsidiary Bentoel Internasional Investama is set to proceed with an up to Rph14tr ($1.1bn) rights issue, having won the go ahead from shareholders.
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Indonesian television broadcaster MNC Sky Vision has launched the senior syndication phase of its $275m two tranche borrowing.
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Pacific Basin Shipping has proposed a rights issue to raise HK$1.2bn ($150.6m) as it sees the dry bulk shipping market bouncing back from one of its most difficult periods in over 30 years.
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Citi has created a new position of head of corporate banking for Asia Pacific, naming Gerry Keefe in the role.
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Malaysia's Maybank has priced its latest $400m five year bullet loan tightly at 95bp over dollar Libor, launching the deal into general syndication last week.
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Indonesian hypermarket operator Trans Retail has enlisted one bank to arrange a $125m refinancing, with invitations sent out to lenders.
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Australia and New Zealand Bank has appointed Vishnu Shahaney as the new chief executive officer for Indonesia, replacing Joseph Abraham who is leaving the firm.
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Indonesia is set to introduce new tax breaks for real estate investment trusts and could push through other reforms in a bid to get the asset class going. But even as local property owners have begun to mull plans to push their real estate into Reits, there are still kinks that need to be ironed out. John Loh reports.
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Indonesian telecommunication tower operator Tower Bersama is planning to seek approval for a $500m bond in a meeting with shareholders scheduled for May.
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Indonesian television broadcaster MNC Sky Vision is back in the loan market for a $275m borrowing with two lenders at the top. The company was recently slammed by a credit rating downgrade because of rising leverage and weakening performance.
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Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.
