Maybank Concludes US$330.6 Million Term Facility For Bajradaya Sentranusa

Maybank has syndicated US$330.6 million 10-year facility for PT Bajradaya Sentranusa.

This is segregated into dual-currency conventional tranches of US$187.5 million and 400 billion Indonesian rupiah as well as US$100 million in an Islamic tranche.

The proceeds will be used to take over the entire existing project loans for the construction of the 2x90 megawatt  Asahan 1 Hydroelectric Power Plant located in North Sumatra, Indonesia.

PT Bank Internasional Indonesia Tbk, Maybank Investment Bank Bhd and PT Bank Maybank Syariah Indonesia were the joint mandated lead arrangers and bookrunners while BII, Maybank Islamic Bhd and MSI were the joint underwriters for this transaction.

"This transaction marks the continuation of Maybank Group's support for its International Currency Business Unit (ICBU) platform, which is an initiative under the Malaysian International Financial Centre (MIFC) by the Malaysian government," said Abdul Farid Alias, Maybank Deputy President & Head of Global Wholesale Banking.

"Given our significant regional reach, we are seeing greater opportunities in cross-border financing, including in Islamic banking. In addition, our strong capital base enables us to fund large infrastructure projects and we are seeing this as a new growth market for our Global Wholesale banking business," he added.

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Tags: term facility, syndication, term facility, Islamic banking, dual currency, Maybank