In a statement, Maybank Group said it has concluded the syndication of a 10-year facility which is segregated into dual-currency conventional tranches of US$187.5M and IDR 400B as well as USD100M in an Islamic tranche.
“We are pleased to have reached this milestone despite the general uncertainty in global financial markets,” said Husni Sabar, President Director of BDSN. “This transaction will mark a long and beneficial relationship between BSDN and the Maybank Group.”
BDSN is the independent power producer which builds, owns and operates the Asahan 1 plant under a 30-year Power Purchase Agreement (PPA) with PT Perusahaan Listrik Negara (Persero). The hydro plant achieved commercial operation on 18 January 2011 and the electricity generated is used by, amongst others, export-oriented industries situated in North Sumatera which directly contribut towards economic growth in the region.
Maybank Group entities namely 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 while BII, Maybank Islamic Berhad and MSI were the joint underwriters for this transaction. PT Bank Bukopin Tbk and Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank) were also participant lenders in this transaction.
