Thursday, October 14, 2010

Astra Sedaya picks 5 underwriter

PT Astra Sedaya Finance, a unit of PT Astra International, picks PT Mandiri Sekuritas, PT Indo Premier Securities, PT CIMB Securities Indonesia, PT OSK Nusadana Securities Indonesia, and PT Standard Chartered Securities Indonesia as a underwriter IDR1.5 trilion bonds.
Astra Sedaya also received $240 million in loans from 10 banks, payable in three years, to use for working capital. The banks are Mizuho Corporate Bank Ltd, Standard Chartered Bank, Citibank NA, Sumitomo Mitsui Banking Corporation, PT Bank Mandiri Tbk (Persero) Singapore branch, Natixis, Overseas Chinese Banking Corporation (OCBC), PT Bank Ekonomi Rahardja Tbk, BNP Paribas, adn Hongkong & Shanghai Banking Corporation (HSBC).
Astra Sedaya one from five companies in Astra Credit Companies (ACC). Besides Astra Sedaya , PT Astra Auto Finance, PT Pratama Sedaya Finance, PT Staco Estika Sedaya Finance, and PT Swadharma Bhakti Sedaya Finance.
Astra's stake in Astra Sedaya to 100 percent from 53 percent. Formerly, General Electric Services owns 47 percent of Astra Sedaya.

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