INDONESIA - BANKING - US$330m BDSN loan boosts Maybank's reach

www.btimes.com.my -
THE Maybank Group has concluded the syndication of a US$330.6 million (RM1 billion) term facility for Indonesia's PT Bajradaya Sentranusa (BDSN).

The 10-year facility is segregated into dual-currency conventional tranches of US$187.5 million (RM570 million) and 400 billion rupiah (RM126 million) as well as US$100 million (RM304 million) in an Islamic tranche.

Proceeds will be used to take over the entire existing project loans for the construction of the 2x90 megawatt Asahan 1 Hydroelectric Power Plant (Asahan 1 Hydroplant) located in North Sumatra, Indonesia, said Maybank in a statement yesterday .  (source)

INDONESIA - FINANCE SYNDICATION - Indo power firm gets RM330.6m loan facility

www.btimes.com.my -KUALA LUMPUR: The Maybank Group has concluded the syndication of US330.6 million Syndicated Term Facility for PT Bajradaya Sentranusa (BDSN).

The 10-year facility is segregated into dual-currency conventional tranches of US187.5 million and 400 billion Indonesian rupiah as well as US100 million in an Islamic tranche.(source)

INDONESIA - FINANCE - ICD poised to boost activity with SR1 billion SME fund - Indonesia gets attention

In the wake of the impact of the continuing global financial crisis, the euro zone debt crisis and the so-called Arab Spring - and their economic impact on global and regional markets including member countries of the Islamic Development Bank (IDB), the Jeddah-based Islamic Corporation for the Development of the Private Sector (ICD), the private sector funding arm of the IDB Group, is embarking on a new strategy to take its financing directly to its constituencies and to make its financing impact more on the real economy through the generation of employment and promoting growth. This includes opening regional offices; setting up two new departments at the ICD; launching more Ijara (leasing companies) in diverse markets such as Albania, Saudi Arabia and Algeria; establishing SME investment funds including a SR1 billion fund for Saudi Arabia; and establishing a mortgage finance company in Saudi Arabia in anticipation of the long-awaited mortgage law. (source)

FINANCE - ICD, Indonesia Eximbank sign partnership deal

Khaled Al-Aboodi, CEO of ICD, left, and I Made Gde Erata, CEO of Indonesia Eximbank, sign a partnership agreement in Jakarta. Ahmad Mohamed Ali, president of the IDB Group, and senior officials of Indonesia Eximbank look on. (AN photo) (full story)

FINANCE - ICD signs SPA with Indonesia Eximbank

The Islamic Cooperation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed a Strategic Partnership Agreement (SPA) with Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank), to jointly explore investment opportunities in Indonesia and other IDB member countries, a press statement announced. (full story)