Crunch time for Sky Vision as all eyes on $225m loan

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By John Loh
08 Sep 2016

A long drawn out fundraising for MNC Sky Vision is coming down to the wire after Moody’s downgraded its parent this week, citing refinancing risks. A default could spell more bad news for Indonesian borrowers, especially coming so close to last month’s missed payment by Royal Industries Indonesia. John Loh reports.

Sky Vision, a TV broadcaster under the MNC Investama group, launched a $275m two tranche loan into senior syndication in April via leads Deutsche Bank and Standard Chartered.

The borrower planned to use the funds to repay ...

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