The state-controlled PT Bank Negara Indonesia Tbk (BNI) has obtained nearly US$3 billion demand for its US$500 proposed global bonds. A source familiar with the matter said BNI and the joint lead arranges have priced the bonds at 4.125%. “Demand from investors nearly US$3 billion or close to seven fold oversubscribed,” the source told The [...]
PT Bank Tabungan Pensiunan Nasional Tbk (BTPN), that is controlled by Northstar Pacific Partners, today announced that International Finance Corporation (IFC) intends to convert a Rp139.46 billion loan channeled to BTPN into new shares. In an official statement published today, IFC has sent a conversion notice to the management of BTPN regarding an intention to [...]
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PT Kirana Megatara, subsidiary of Triputra Group, owned by Indonesian businessman Theodore Permadi Rachmat, has secured US$600 million loan facilities from 12 banks with option to raise another US$200 million. About 3-year US$500 million of the facilities will be used as working capital and the 5-year US$100 million will be allocated for investment. Bank CIMB, [...]