Sunday, November 19, 2006

Debt & equity market highlights

PT Bank Lippo Tbk finally listed the US$200 million bond arranged by UBS in Singapore Stock Exchange. The proceeds would be used to finance the bank's commercial and consumer lending, and strengthen its capital.

Meanwhile, PT Bank Negara Indonesia Tbk had secured US$150 million syndicated loan from 12 banks & financial institutions to refinance debts. ABN Amro, Bano of Tokyo Mitsubishi UFJ, State Bank of India, Burgan Bank- Kuwait, The Arab Investment Company, Bank Muscat, National Bank of Dubai, Shanghai & Commercial Savings Bank, Mizuho & Standard Chartered are members of the syndication.
Pakuwon Jati Finance BV, a wholly-owned subsidiary of property company PT Pakuwon Jati Tbk registered in Amsterdam, Netherland, had issued US$110 million bond (12%, maturity 2011). The bond, listed in Singapore Stock Exchange, would be used to refinance debts and finance the acquisition of PT Artisan Wahyu.

Labels: , , ,



Post a Comment

<< Home