Pertamina close to picking seven for new $700m loan

05 Nov 2009

Indonesian state-owned oil company Pertamina sent out a final term sheet to the prospective arrangers of a $700m loan last week, as the deal gathered momentum before launch.

Seven banks are likely to be bookrunners on the facility, including ANZ, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi and HSBC.

Lenders are expected to confirm their commitments after the revised term sheet was sent out last week, almost two months since the firm first indicated that it was ...

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