Astra Sedaya seeks around $500m

Indonesian company Astra Sedaya Finance is in preliminary talks with lenders to raise a loan of $300m-$500m, with bankers expecting the mandated lead arranger and bookrunner group to be finalised by the end of January.

  • By Rashmi Kumar
  • 03 Jan 2014

The loan will have a tenor of two or three years, leading to an average life of around 1.6 years — similar to previous fundraisings by the borrower, according to a banker.

Astra Sedaya plans to use the proceeds for general corporate purposes. The banker added that ...

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