FIF closes $400m borrowing with 22 banks

Indonesia motorcyle
By Pan Yue
19 Nov 2018

Indonesian motorcycle financing firm Federal International Finance (FIF) has doubled the size of its fundraising to $400m after finding support from a 22-strong syndicate group.

Eight mandated lead arrangers and bookrunners, namely Cathay United Bank, DBS, HSBC, Mizuho, MUFG Bank, Oversea-Chinese Banking Corp (OCBC), Sumitomo Mitsui Banking Corp (SMBC) Singapore branch and Taipei Fubon Bank, launched the deal into general syndication in September at an initial size of $200m.

But after a robust ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial