Adaro shuns syndication, opts for 12-member club
Indonesian coal company Adaro Energy has mandated 12 banks to arrange its $380m seven year loan, which is now going to close as a club rather than go into syndication.
Adaro has picked Australia and New Zealand Bank, Bank of Tokyo-Mitsubishi UFJ, Chinatrust Commercial Bank, CIMB, Citi, DBS, HSBC, Mizuho Bank, Oversea-Chinese Banking Corp, Standard Chartered, Sumitomo Mitsui Banking Corp and United Overseas Bank to finance its loan.The lenders are now considering closing the deal as a ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org