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.
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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