PT Adaro Energy Tbk plans to issue US$500 million bonds or IDR5 trillion this year to cover the financing needs of some projects and expansions.
Besides, Adaro last week issued request for proposal to some banks in search of US$500 million syndicated loans or DIR5 trillion.
An informed executive said Adaro has appointed three overseas investment banks, namely UBS Securities, Credit Suisse, and DBS Vickers Securities as the underwriters of the global bonds.
Tuesday, September 1, 2009
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