Lenders battle to lead $500m five year revolver for Adaro
Asia’s loan bankers are relishing the prospect of the biggest Indonesian corporate loan of the year after Adaro Indonesia, the country’s biggest coal miner, asked banks to arrange a $500m deal.
Adaro sent out a request for proposals to around 15 banks for the amortising revolver and has received a popular response due to a lack of deals in the market and the relatively high yield expected, said one loans banker close to the transaction.
It comes after Adaro
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