Semen Indonesia seeks $1.3bn from senior lenders

construction 230-150x
By John Loh
28 Nov 2018

Semen Indonesia has launched senior syndication for a $1.28bn loan that will be used to buy the local operations of rival LafargeHolcim.

The margin for offshore lenders is on a grid basis, starting at 1.60% for 12 months, before moving to 1.75% for 13 to 18 months and 2.05% for the remaining six months of the two year bridge facility, according to a banker at one of the arrangers. The ...

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