Lower prices woo Indo credits to dollar loans

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By Pan Yue
21 Jun 2018

Attractive pricing in the dollar loan market is pushing Indonesian borrowers offshore, despite guidance from the country’s central bank to curb foreign currency debt exposure.

State-owned Perusahaan Listrik Negara (PLN) is venturing offshore for the first time for $1.5bn, aiming to leverage on the abundant dollar liquidity in Asia, according to bankers close to the situation.

The company is close to mandating ANZ, Bank of China Hong Kong, Citi, Mizuho, Oversea-Chinese Banking ...

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