PT Semen Gresik Tbk has invited ten local and foreign investment banks to compete to becoming lead underwriter and lead arranger for its US$300 million - US$500 million bonds.
The bonds will be likely with the tenor of five years and Semen Gresik will sell it next month. The company has planned to use the money to fund its business expansion.
An executive getting involved in the transaction said that the 10 banks are Bahana Securities, Citigroup, Credit Suisse, Danareksa Sekuritas, Deutsche Bank, Lehman Brothers, Mandiri Sekuritas, Merrill Lynch, Standard Chartered Securities, and UBS Securities.
Tuesday, January 15, 2008
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