STP beams $577m dual-currency borrowing

telecomms new px230
By Pan Yue
04 Apr 2018

Solusi Tunas Pratama, an Indonesian telecommunications company, has launched a $577m-equivalent dual-currency loan denominated in dollars and rupiah into general syndication.

The facility is led by six mandated lead arrangers and bookrunners — BNP Paribas, Citi, ING, Mitsubishi UFJ Financial Group, Standard Chartered and Sumitomo Mitsui Banking Corp.

The deal is split into three tranches: a $297m term loan, a Rph3.05tr term loan ($245m) and a Rph800bn revolving credit ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial