Bank Rakyat hikes to $370m with seven on board

bank rakyat
By Rashmi Kumar
17 Jul 2014

Bank Rakyat Indonesia, which started sounding out lenders for a fresh fundraising in early May, has picked seven banks for a $370m loan, managing to increase it from the $300m it was originally targeting.

Australia and New Zealand Bank, BNP Paribas, Commerzbank, DBS, HSBC, United Overseas Bank and Wells Fargo are now the mandated lead arrangers and bookrunners, according to two bankers on the deal. The mandate is still not official at this stage, with the documents expected to be signed in the ...

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