Noonday refinances Recapital USD120 million for BTPN deal
Noonday Asset Management (Farallon Capital's unit) has provided USD120 million refinancing loans Recapital Advisors obtained in 2005 to acquire 71.6% shares of PT Bank Tabungan Pensiunan Nasional (BTPN). The Noonday loan matures in March 2009. Go to www.yosefardi.com for details of the deal plus Central Bank's comment.
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posted by yosef at 1:16 PM
3 Comments:
I thought there was a news paper article where they claim that the loan is cancelled? What would Bank Indonesia say about it?
I thought BI has the regulation that an owner must not use lending money to buy shares in a non listed bank?
I think Recapital needs funds for Dipasena ?
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