GC
Astra Sedaya doubles to $670m, allocates
Astra Sedaya Finance has managed to more than double the size of its loan to $670m from the launch size of $330m, gathering a stellar response from lenders thanks to the company choosing to do a targeted syndication. The final deal size has even left bankers on the loan surprised by the tremendous market interest.
All 11 mandated lead arrangers and bookrunners — Bank of Tokyo Mitsubishi-UFJ, Citi, CTBC Financial Holding, CIMB, DBS, Korea Development Bank, Maybank, Mizuho Bank, Royal Bank of Scotland, Sumitomo Mitsui Banking Corp and United Overseas Bank — have been allocated $30m each, according to a banker.
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