OCBC takes part in $116m debt financing for Indonesian toll road operator
Singapore's Oversea-Chinese Banking Corporation (OCBC) has completed IDR1.13 trillion (S116 million) in convertible debt financing for Indonesian toll road operator Baskhara Utama Sedaya (BUS).
The 18-year convertible debt facility was provided by OCBC Bank's mezzanine arm together with a consortium of investors including Saratoga Asia Fund III. BUS has a 45% stake in Lintas Marga Sedaya (LMS),...
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