Pertamina success, coming election raise loans hopes

Indonesian power company Pertamina has given what loans bankers hope will be an eye-opening demonstration to other borrowers from the country, after managing to raise the size of its latest dollar loan by more than 50%. That has increased confidence that lenders will be able to improve on what ended up being a dire year of borrowing from the country’s banks and corporations in 2012.

  • 04 Jan 2013
Indonesian borrowers raised $10.5bn from dollar, euro and yen loans throughout last year, a fall of around 32% compared to 2011, according to Dealogic. But there were some bright spots, and the ability of bankers to generate a strong response to Pertamina’s $965m deal certainly meant the year ...

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