Bakrie pitches dollar loan to refi maturing $185m bond

Indonesia rubber and palm oil producer Bakrie Sumatera Plantations (BSP) has approached bankers with a $250m loan that it wants to use to refinance a bond falling due later this year. But the borrower will not be away from the bond market for long: loans bankers think the company will attempt a bond issue over the next 12 months.

  • 03 Jun 2011
Credit Suisse, Bank International Indonesia and RZB are running the company’s five year loan, and hope the deal will appeal to real money accounts, private banks and regional lenders looking for higher yielding deals. The loan has a 3.15 year average life and will pay an all-in of ...

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