IIF reaps rewards as debut loan climbs to $250m

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By Rashmi Kumar
26 Jun 2014

Indonesia Infrastructure Finance (IIF), which opened up a $200m loan into syndication in April with the backing of the International Finance Corporation (IFC), has closed the deal at a larger size of $250m after the syndicated portion was oversubscribed.

The deal was split into a $30m tranche ‘A’, supported solely by IFC, a $22.5m managed co-lending portfolio programme (MCPP) tranche and a $197.5m syndicated facility.

The MCPP is a new product being offered by IFC that allows institutional investors to participate passively in IFC’s future loan portfolio. ...

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