Straits Asia to join Indonesia's loan rush with $350m deal

Coal miner Straits Asia Resources set a deadline of last Friday for a request for proposals on a $350m five year loan, joining a number of borrowers looking to take advantage of surging appetite for Indonesian risk.

  • 27 Sep 2009

The deal will be used to refinance a $300m 18 month loan solely underwritten by Standard Chartered in December, and for working capital purposes.

Straits Asia, which owns two coal mines in East Kalimantan, is only the latest Indonesian borrower to come to the loan market in the ...

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