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Southeast Asian borrowers warned of shorter tenors, reduced deal sizes
Two Indonesian state-owned firms are planning $1bn loans, returning to the market despite a sharp rise in volatility as funding markets react to Covid-19. Bankers told GlobalCapital Asia that borrowers may need to scale back their ambitions. Pan Yue reports.
Power distribution company Perusahaan Listrik Negara and Bank Rakyat Indonesia, one of the country’s largest lenders, have both sent out requests for proposals for $1bn loans.
They have made some concessions to the difficult market environment. For instance, PLN has invited a large group of 30 to 40 banks ...Please take a trial or subscribe to access this content.
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