Summit Oto joins Indonesian loan rush with $75m A/B deal

29 Oct 2009

Motorcycle financing company Summit Oto Finance launched a $75m A/B loan last week through sole bookrunner Royal Bank of Scotland, continuing the string of new deals to come out of Indonesia.

The $75m financing is split into a $45m term loan ‘A’ provided by Dutch multilateral institution Netherlands Development Finance Company (FMO) and German Investment and Development Company (DEG), and a $30m syndicated loan ‘B’.

Tranche ‘B’ has a door to door life of three years, or an average ...

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