Asia loans: Protelindo gets $400m for Hutch leaseback
Professional Telekomunikasi Indonesia (Protelindo) has lined up a group of six banks to provide funding for its acquisition of a network of telecom towers. Mandated lead arrangers Chinatrust Commercial Bank, CIMB, DBS, OCBC, Royal Bank of Scotland and Standard Chartered are putting together a $400m loan supporting the acquisition of mobile phone towers in Indonesia from a unit of Hong Kong’s Hutchison Telecom.
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