Adaro to mine for $1.25bn with a self-arranged club

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By Rashmi Kumar
26 Jun 2014

Coal miner Adaro Energy Indonesia, which issued a request for proposals for a $1.25bn loan in late May, has decided to arrange the deal itself and go down the club route.

The company is seeking a seven year financing that is expected to be provided by 10-15 banks, according to a banker who is looking at the deal.

“Many banks have already reached final holds for the Adaro name, so that’s why there is not going to be any syndication,” he ...

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