
Indonesia acquisition finance: Squeezed at the margins

With bumper LBOs few and far between, banks see limited opportunities for leveraged finance in Indonesia. And in the prevailing economic climate, they aren’t generous at acquisition or operating company level
All is not well with rupiah liquidity. A couple of years ago credit growth was running at an annual clip of at least 20% but this was never likely to last once Indonesia slipped into a current account...
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