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 SYNDICATION - Indonesian power firm gets $330.6mn loan facility: Maybank

www.brecorder.com - KUALA LUMPUR: Indonesian power firm PT Bajradaya Sentranusa (BDSN) has obtained a $330.6 million syndicated term facility issued by subsidiaries of Malaysia's Maybank.

Maybank said in a statement on Monday its units PT Bank Internasional Indonesia Tbk (BII), Maybank Investment Bank Berhad and PT Bank Maybank Syariah Indonesia (MSI) were the joint mandated lead arrangers and bookrunners. (source)

INDONESIA - AWARDS - IFN Deals of the Year 2011

Commodity Murabaha USD 183 million - TH Indo Plantations Tawarruq applied to refinance shareholder advances from Tabung Haji. The cross-border transaction involves funding properties in Indonesia and addressing local regulations and language requirements.

Trade Finance : Natrindo Telepon Selular (Axis Indonesia) Financing : The winner is the complex and well structured Natrindo Telepon Selular (Axis Indonesia). This was the largest private sector financing in Indonesia in 2011 and first Islamic financing involving China Development Bank supporting the procurement of product and civil works services from Huawei Technologies Company for USD 400 million. The deal also included a USD 450 million syndicated Murabaha and a USD 350 million equipment purchase from Ericsson funded by AB Svensk Eksportkredit and backed by EKN Sweden's export credit agency. The transaction also included a political risk guarantee from the World Bank Groups' Multilateral Investment Guarantee Agency.

Country Winner: Perusahaan Penerbit SBSN Indonesia II USD 1 billion Trust Certificate Issuance : Indonesia'sUSD 1 billion  issuance via Perusahaan Penerbit SBSN Indonesia II represented Indonesia's return to the capital markets with a better credit rating, better pricing and a bigger size. (honorable mention for the Natrindo Telepon Selular (Axis Indonesia).

Source : www.islamicfinancenews.com

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)

INDONESIA - FINANCE - Mandala Multifinance Obtains $ 25 Million Murabaha Syndicated Loan Credit

JAKARTA - PT Mandala Multifinance Tbk (MFIN) gain in the form of murabaha syndicated loan of U.S. $ 25 million or about Rp214, 225 billion on 14 November 2011.

According to the Corporate Secretary MFIN Mahrus in a statement here on Tuesday, in the form of murabaha facility is derived from several financial institutions. (source)

INDONESIA - BANKING - Bank Muamalat launches international services

Jakarta (29 / 7) obsession to become one of the national banking system continues to be conducted by Bank Muamalat Indonesia (BMI). In addition to building core banking infrastructure sharia, BMI also showed a serious effort to boost its international business.

Director of International Banking and Financial Institution BMI, Farouk A. Alwyni product launches international services BMI in Jakarta (28 / 7), said international transaction volume and value increases with the increasing importance of the role of Indonesia in the global economy, BMI is ready to facilitate this activity by sharia. (source)

IDB - FINANCE - IDB urged to make trade financing more competitive

Behind the resolutions, the statements and the rhetoric of the Board of Governors of the Islamic Development Bank (IDB) at the recent 36th Annual Meeting which was held in Jeddah on June 29-30, were some commendable suggestions from member countries aimed at speeding up the efficiency and effectiveness of the bank. (source)

ISLAMIC TRADE FINANCE - HSBC Amanah arranged $33 million Murabaha for Krakatau Steel

The Murabaha financing (cost plus financing) facility for PT Krakatau Steel, the Indonesian state owned company and the largest integrated steel manufacturer in Indonesia, is solely funded by HSBC has been designed to finance Krakatau Steel’s raw material purchasing.