IFR International - 03.11.2018

LOANS ASIA-PACIFIC

International Bank, Nomura Trust & Banking,
Baiduri Bank, Chiba Bank, E. Sun Commercial
Bank, Hokkoku Bank, Joyo Bank, Gunma Bank
and Shizuoka Bank.
4HEûDEALûCOMPRISESûAû53MûTWO
YEARû
ANDû
MONTHûBULLETûLOANûTRANCHEû! û
WHICHûWASûNOTûSYNDICATED ûAû53Mû
THREE
YEARûAMORTISINGûTRANCHEû" ûANDûAû
53BNûFOUR
YEARûANDû
MONTHû
AMORTISINGûTRANCHEû#
4HEûINTERESTûMARGINûFORûTRANCHESû!ûANDû"û
ISûBPûOVERû,IBOR ûWHILEûTHEûMARGINûFORû
TRANCHEû#ûISûBPûOVERû,IBOR
4RANCHESû"ûANDû#ûHAVEûREMAININGûAVERAGEû
LIVESûOFûûANDûûYEARS ûRESPECTIVELY û
ASSUMINGûPARTICIPATINGûLENDERSûAREû
TRANSFERREDûINû.OVEMBER
,ENDERSûJOININGûASûLEADûARRANGERSûWEREû
OFFEREDûAûTOP
LEVELûALL
INûPRICINGûOFûBPûORû
BPûVIAûPARTICIPATIONûFEESûOFûBPûORû
BP ûRESPECTIVELY ûFORûTRANCHESû"ûANDû#
&UNDSûWILLûRElNANCEûPORTIONSûOFûLOANSû2),û
SIGNEDûINû ûûANDû

INDONESIA

INALUM SEEKS SMALLER BRIDGE

3TATE
OWNEDûMINERûINDONESIA ASAHAN
ALUMINIUM PERSEROû)NALUM ûHASûMANDATEDû
SEVENûBANKSûONûAûSMALLERû53BNû
MONTHûBRIDGEûLOANûTHATûPARTLYûBACKSûTHEû
PURCHASEûOFûAûCONTROLLINGûSTAKEûINû&REEPORT
-C-ORANSûLOCALûUNIT
4HEûBANKSûAREûBNP Paribas, CIMB, Citigroup,
Maybank, MUFG, Sumitomo Mitsui Banking Corp
and Standard Chartered.
4HEûLOANûHASûBEENûREDUCEDûFROMûAûTARGETû
SIZEûOFûUPûTOû53BN ûASû)NALUMûISûALSOû
SEEKINGûAûBONDûOFûAROUNDû53BN
&REEPORT
-C-O2ANûSAIDûINû*ULYûITûWOULDû
SELLûAûMAJORITYûSTAKEûINûITSû'RASBERGûMINE û
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)NALUMûVIAûAûSERIESûOFûCOMPLEXûDEALSûWORTHû
53BN ûACCORDINGûTOû2EUTERS
4HEû)NDONESIANûGOVERNMENTûANDû&REEPORTû
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INCREASEûITSûSTAKEûINû&REEPORTSûLOCALûUNITûTOû
ûFROMû
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BUYûTHEû)NDONESIANûUNITûOFû2IOû4INTO ûTHEû
HOLDERûOFûAûûPARTICIPATINGûINTERESTûINû
'RASBERG ûWHICHûISûINû)NDONESIASû
EASTERNMOSTûPROVINCEûOFû0APUAû4HATû
interest would then be transferred to
&REEPORTSûLOCALûUNIT û&REEPORTû)NDONESIA û
ANDûCONVERTEDûINTOûAûûEQUITYûHOLDINGûINû
THEûUNITûVIAûAûRIGHTSûISSUEûTHATûWOULDûTHENûBEû
GIVENûTOû)NALUM
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'RASBERGûHELDûBYû&REEPORTûUNITû)NDOCOPPERû
)NVESTAMA ûVALUEDûATû53M ûWOULDûGIVEû
)NDONESIAûAûTOTALûHOLDINGûOFûûINû
Freeport Indonesia.

Freeport has said the deal would be

POSITIVEûFORûBOTHûSIDESûBUTûNOTEDûTHEûAGREEDû

VALUEûWASûFARûLESSûTHANûITûCOULDûHAVEûGOTû

HIGHLIGHTINGûTHEûCOMPANYSûDESIREûTOûENDû

MOREûTHANûSIXûYEARSûOFûWRANGLINGûTHATûHASû

weighed on its shares.

Freeport has been in negotiations with

)NDONESIAûTOûSECUREûLONG

TERMûOPERATINGû

RIGHTSûATû'RASBERGûAFTERûTHEûGOVERNMENTû

INTRODUCEDûNEWûRULESûAIMEDûATûGIVINGû

*AKARTAûGREATERûCONTROLûOVERûTHEûNATIONSû

RESOURCES

BARITO LAUNCHES US$200m REFI

*AKARTA

LISTEDûCONGLOMERATEûBARITO PACIFIC has

LAUNCHEDûAûTHREE

YEARûBULLETûLOANûOFûUPûTOû

53M

Barclays and DBS Bank are the mandated

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UNDERWRITERSûOFûTHEûLOANûWHICHûHASûAû

53MûBASEûSIZEûANDûAû53Mû

greenshoe.

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4IMBER

JAPAN

INPEX BORROWS FOR ABU DHABI BUY

Japan Bank for International Cooperation and

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Dhabi.

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Bank, MUFG and SMBCûAREûPROVIDINGûTHEû

remainder.

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YEARS

JODCO SIGNS LOAN FOR OIL CONCESSION

Japan Bank for International Cooperation and

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Bank, MUFG and SMBCûAREûPROVIDINGûTHEû

remainder.

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TOKIN BORROWS TO PREPAY PARENT

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ANNUALLY

Sole lead arranger and agent Sumitomo

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ARRANGERû

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