Jul 20, 2011

Bank Mandiri may win US$1 bio deal

A consortium of Bank Mandiri may win the US$1 billion financing deal to help the state-controlled nickel miner PT Aneka Tambang Tbk (Antam) to build ferronickel project (FeNi) in Buli, East Halmahera, North Maluku. 
Antam President Director Alwin Syah Loebis confirmed that the consortium of Bank Mandiri is one of investment banks participating beauty contest.
"Bank Mandiri is one of the participants. However, we  haven't decided the winner," he said as quoted by Bisnis Indonesia today.
From 27 investment banks, banks, and securities houses, there were three consortia and one individual investment bank. The consortia were Bank Mandiri, BNI, and BCA. Barclays Capital proposed the financing by itself.
At the final stage, Antam is still in talks with Bank Mandiri's consortium regarding to the financing structure. Bank Mandiri's consortium is consisting of Goldman Sachs, Deutsche Bank, BRI, Sumitomo Mitsui Banking Corporation, and Standard Chartered Bank.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: