Pertamina picks four banks after fierce scrap
Indonesian state-owned oil company Pertamina mandated four banks to lead a $700m loan this week, putting an end to a bidding process that had dragged on since the company first approached the Asian loan market in mid-September.
ANZ, BNP Paribas, HSBC and Royal Bank of Scotland won out after a hotly contested and protracted competition to arrange the deal.
The mandate letter for the five year loan was signed this week after a confusing process during which some bankers claimed to have been on a
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