Indonesia’s PTPN debuts with $200m loan

Oil Palm_230px
By Pan Yue
29 Apr 2019

Indonesian palm oil producer Perkebunan Nusantara III has launched its debut offshore borrowing into general syndication.

Banks committing onshore will receive a margin of 200bp over three month Libor, while those lending from offshore will earn 180bp.

Three participation levels are open to lenders. Mandated lead arrangers chipping in $60m and above can earn a 45bp fee, lead arrangers pledging $30m-$59m get a ...

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