Protelindo triumph will boost Indonesian telco syndications

Profesional Telekomunikasi Indonesia (Protelindo) proved the wisdom of its syndication strategy this week, sealing a $482.3m dollar and rupiah loan in a market better known for club deals. Bankers hope more syndications will now follow as several telecoms companies bid to buy towers from local titan Indosat.

  • 04 Aug 2011
DBS, OCBC, Royal Bank of Scotland and Standard Chartered prefunded a $250m loan for Protelindo in May, launching a $300m deal into syndication later that month with the help of ING Bank and SMBC. But the deal has now been increased to $482.3m after eight banks joined the ...

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