Indo Eximbank launches $950m loan with lowest price in five years

Indonesia lake
By Pan Yue
12 Apr 2018

Indonesia Eximbank has returned to bank lenders with a $950m loan, slashing pricing on all three of its tranches. It is making the most of a dearth of supply from other Indonesian borrowers, writes Pan Yue.

The policy bank turned to bankers last week with the three-tranche deal. It pushed down the top-level all-in funding cost on a one year bullet loan to 60bp, its lowest funding cost since 2013.

It also managed an impressive pricing squeeze on its longer term tranches, chopping 30bp ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial