STP gears up for new $590m dual-currency borrowing

Solusi Tunas Pratama is set to begin marketing a new $590m-equivalent financing in dollars and rupiah to retail lenders, said bankers close to the trade.

  • By John Loh
  • 13 Mar 2018

The bookrunners will kick off general syndication within the next few weeks, in what will be the Indonesian telecommunication tower firm’s first outing to the loan market since September 2016.

The transaction consists of a five year term loan and revolving credit facility. The RCF will be rupiah ...

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