FIF lifts to $450m again as First Gulf Bank joins in
First Gulf Bank has received approval to join as a mandated lead arranger and bookrunner on the loan for Indonesia’s Federal International Finance, taking the deal size to $450m. But depending on how general syndication progresses, the company could raise up to $600m, said a banker on the deal.
First Gulf was supposed to be an MLAB ahead of the general launch on October 25, but did not gain final approval on time. It has now cleared the last leg of its documentation process, committing $50m for the title.
Bank of Tokyo Mitsubishi-UFJ, CTBC Financial Holding,
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